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Sri Lanka’s Central Bank Governor Dr. Nandala Weerasinghe has emphasized the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).The post Sri Lanka’s Central Bank Governor says IMF agreement must be continued under any Government
- Sri Lanka’s Central Bank lays out policies to restore price stability, macroeconomic strength (Category: Breaking News)
- Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandala Weerasinghe has emphasised the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).
Trade unions, some affiliated with political parties, are scheduled to meet on December 28, at the Postal Auditorium, Colomboto discuss ways and means to oppose privatisation of key sectors, including electricity, banking, insurance, telecom, and postal services. Trade union representatives said that they felt the urgent need to reach a consensus on an overall plan […]
- Postal workers token strike to end at midnight today (Category: Breaking News)
- Postal workers launch token strike despite leave cancellation (Category: Breaking News)
- Postal workers to go on 48-hour token strike (Category: Breaking News)
- Postal TUs warn of another strike (Category: Breaking News)
The Samagi Jana Balawegaya (SJB) has cautioned the Wickremesinghe-Rajapaksa government against counting loans received from the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) as external buffers as they have to be paid back.The post Samagi Jana Balawegaya warns
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- Harsha rubbishes President’s claim LG polls cannot be held (Category: Breaking News)
- Ready to support all-party govt, Harsha says (Category: Breaking News)
- Public Finance Committee Chief Harsha De Silva demands President publicize IMF conditions (Category: Breaking News)
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh funding appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- Samagi Jana Balawegaya warns against counting foreign loans as part of forex reserves (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared
- The President desires to make the most of the development opportunities in the Indian Ocean regi... (Category: Breaking News)
- Rupees 1,500 million allocated for ‘Greater Kandy Urban Development Program’ – State Minister fo... (Category: Breaking News)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program and cautioned against engaging in rhetoric merely for public appeasement without shouldering responsibilities.
ECONOMYNEXT –Sri Lanka’s Constitutional Council is making rules to select and appoint commissioners to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and International Monetary Fund report said. Sri Lanka has “committed to ambitious governance reforms based on key
- UN rights chief under ‘tremendous pressure’ over Xinjiang report (Category: Breaking News)
- Tea Board has spent Rs 4.6 billion on advertising campaign, but no results (Category: Breaking News)
- UK police officer punished for assaulting Lankan (Category: Breaking News)
- India says BBC film on Modi’s role in Gujarat riots ‘propaganda’ (Category: Breaking News)
US Ambassador to Sri Lanka Julie Chung has expressed her satisfaction over the International Monetary Fund s (IMF) approval for the second tranche of funds for Sri Lanka under its Extended Fund Facility (EFF).
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF to conduct bailout review for Sri Lanka in September (Category: Breaking News)
Leader of the Samagi Jana Balawegaya (SJB) Sajith Premadasa has declared that Sri Lanka s existing agreement with the International Monetary Fund (IMF) would be renegotiated under an SJB government.
Sri Lanka has been told to sign a Memoranda of Understanding with its official creditors on debt treatment. The International Monetary Fund (IMF) said that Sri Lanka has reached important milestones in putting debt on the path towards sustainability. Peter Breuer, IMF Senior Mission Chief for Sri
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- Private creditors threaten to block next IMF tranche to Sri Lanka (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned
- Kamala Harris' VP win is huge for HBCUs, Tougaloo president says (Category: USA, Mississippi)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
President Ranil Wickremesinghe states that the conditions imposed by the International Monetary Fund (IMF) on Sri Lanka, can only be removed by continuing along the same path and strengthening the country s economy.
The International Monetary Fund (IMF) says increasing state revenue is of paramount importance for Sri Lanka as the South Asian island nation continues to be an economy with exceptionally low tax revenues.
Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic burden, the island nation aims to generate 70% of its electricity from renewable sources by 2030.The post Sri Lanka approves nuclear power plant construction with Russia as top contender appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka s first nuclear power plant expected to be built by 2032 (Category: Breaking News)
- Sri Lanka in talks with Russia to build nuclear power plant (Category: Breaking News)
- Sri Lanka seeks investors for nuclear power plants (Category: Breaking News)
- IAEA studying plans to build nuclear power plant in Sri Lanka (Category: Breaking News)
President Ranil Wickremesinghe is delivering a special statement in Parliament on the International Monetary Fund s Executive Board s completion of the first review under the Extended Fund Facility (EFF) arrangement for Sri Lanka.
The International Monetary Fund says its second review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka is expected to be completed by the end of the first half of 2024, says IMF Senior Mission Chief for Sri Lanka, Peter Breuer.
The International Monetary Fund (IMF) has convened a special press briefing this morning (Dec.13) on the completion of the first review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (Category: Breaking News)
- Human Rights Watch fears IMF loan could erode rights in Sri Lanka (Category: Breaking News)
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
The International Monetary Fund (IMF) says its Executive Board on Tuesday (Dec.12) completed the first review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka.
Sri Lanka President Ranil Wickremesinghe has assured that the Executive Board of the International Monetary Fund (IMF) will approve the second tranche of the Extended Fund Facility (EFF) programme for Sri Lanka today (December 12).The post Sri Lanka President assures IMF’s second tranche
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
- President Ranil Wickremesinghe visits Sri Dalada Maligawa (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
President Ranil Wickremesinghe has assured that the Executive Board of the International Monetary Fund (IMF) will approve the second tranche of the Extended Fund Facility (EFF) programme for Sri Lanka today (12), the Cabinet Spokesman, Minister Bandula Gunawardana said.
The Executive Board of the International Monetary Fund (IMF) is set to take up for consideration the first review of the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka on today (Dec12).
The ‘Civil Society Initiative on Anti-Corruption Reform for Economic Recovery,’ led by Transparency International Sri Lanka (TISL) and comprising Verité Research, Centre for Policy Alternatives (CPA), Sarvodaya Shramadana Movement, People’s Action for Free and Fair Elections (PAFFREL), and National Peace Council (NPC) yesterday said that there was an urgent need for political will and genuine [...
- CSI calls for inclusion of IMF identified actions in programme (Category: Breaking News)
- US envoy meets civil society to discuss core anti-corruption issues (Category: Breaking News)
- IMF should oppose restrictions on Freedom of Expression, Civil Society Groups (Category: Breaking News)
- CSCD takes up battle cry for elections (Category: Breaking News)
[…]The post New Episodes Of Sri Lanka Political Theatre appeared first on Colombo Telegraph.
- Restoring The Dignity Of Sri Lankan Cricketers (Category: Breaking News)
- The Rise & Fall of Bhanuka Rajapakse: How Sri Lankan Cricket’s Mismanagement Dimmed A Superb Tal... (Category: Breaking News)
- Sri Lanka will appeal ICC suspension – Sports Minister (Category: Breaking News)
- Nominations handed over for Sri Lanka Cricket elections (Category: Breaking News)
Human Rights Watch (HRW) has accused Sri Lanka of ignoring the European Union’s (EU) GSP Plus requirements. Issuing a statement today, HRW said that the Sri Lankan authorities had detained nine ethnic Tamils under the country’s abusive counterterrorism law for commemorating those who died in the 1983-2009 civil war, Human Rights Watch said today.The Sri Lankan […]
- Ranil urged to end use of counter terror laws on protesters (Category: Breaking News)
- Rights group accuses Sri Lanka of cracking down on dissent (Category: Breaking News)
- Ranil urged to adopt measures to protect basic rights (Category: Breaking News)
- Rights group urges Sri Lanka to withdraw rehabilitation bill (Category: Breaking News)
[…]The post Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA appeared first on Colombo Telegraph.
- Sri Lanka’s Proposed Internet Law Threatens Upcoming Elections (Category: Breaking News)
- Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minor... (Category: Breaking News)
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Sri Lanka: Protesters Must Not Be Detained Under The Draconian Anti-Terror Law: Amnesty Internat... (Category: Breaking News)
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB
- Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
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