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The World Bank has updated its economic outlook for Sri Lanka, forecasting a modest expansion of 2.2% in 2024.The post World Bank upgrades Sri Lanka’s 2024 growth forecast to 2.2% amid tourism rebound appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
A high level delegation headed by the State Minister of Foreign Affairs Tharaka Balasuriya is scheduled to visit Russia to arrange for the repatriation of Sri Lankan ex-military personnel deployed in Russia for military purposes and the related discussions will be held on June 26 and 27, said Minister of Foreign Affairs, President’s Counsel Ali […]
Arrangements are being made by the Faculty of Social Sciences and Languages of the Sabaragumawa University to hold its second International Conference on Social Sciences and Languages (ICSSL) on the 18th and 19th of December 2024. A press release said that the conference will feature a wide range of presentations on multidisciplinary research activities in the fields of social sciences […]
Sri Lanka s economy is expected to expand by 2.2 percent in 2024, according to the World Bank s latest Global Economic Prospects report issued on Friday (14).
The Institute of National Security Studies (INSS) organized a closed-door Round Table Discussion (RTD) on “Sri Lanka’s Economic Security in 2024 - Evaluating the Outlook and Risks.”The post INSS Hosts Expert Panel on Sri Lanka’s Economic Security for 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
The Colombo High Court yesterday (13) temporarily lifted the overseas travel ban imposed on the Chairman of Perpetual Treasuries Limited (PTL) Geoffrey Aloysius.The travel ban was imposed consequent to the disclosure of the PTL’s involvement in Treasury bond scams in 2015 and 2016. This order was issued when the relevant case was taken up before […]
[…]The post Deshamanya Dr Nissanka Wijeyeratne: A Rare Personality Above Normal Human Frailty appeared first on Colombo Telegraph.
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
The Central Bank is to regulate all money transfer services in Sri Lanka, the Central Bank of Sri Lanka (CBSL) said in a statement. Currently, institutions providing money transfer services in Sri Lanka such as banks and non-bank financial institutions, are regulated by the Central Bank of Sri Lanka or other relevant authorities to ensure […]
[…]The post NPP: The Unrivalled Choice In Sri Lanka Politics appeared first on Colombo Telegraph.
The Central Bank of Sri Lanka (CBSL) announced that it functions as the regulatory and supervisory authority of Money or Value Transfer Service (MVTS) providers in Sri Lanka, effective from June 03, 2024.
The Central Bank of Sri Lanka (CBSL) has expressed confidence that the International Monetary Fund (IMF) will approve the release of the third tranche under the Extended Fund Facility (EFF) programme today (12).
The Committee on Public Finance is to direct the Minister of Finance to regulate online casinos in Sri Lanka. It was disclosed that even though it is clearly stated by law that online casinos cannot be carried out, online casinos operate in the open depriving the country of the revenue due without no implications, the […]
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
[…]The post Fear Of Tainted Politicians: To Hold Or Not To Hold Elections appeared first on Colombo Telegraph.
Monday 10th June, 2024 Presidential candidates of the SJB and the JVP-led NPP, Sajith Premadasa and Anura Kumara Dissanayake, respectively, have chosen to sprint even before the commencement of the next presidential race, which is a marathon, wherein one has to pace oneself skilfully to prevent fatigue and maintain momentum. The two sides have been […]
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, said during a press briefing […...
by K.Locana Gunaratna, PhD Following some independence from the Colonial British through the Donoughmore Constitution in 1931, our prime indigenous concerns focused on agriculture for domestic consumption and on the broad-basing of education. These particular achievements were due respectively to two farsighted Sri Lankan politicians: D.S.Senanayake and C.W.W. Kannangara. They were the first Sri L...
Sri Lanka has seen a notable increase in remittances from expatriate workers in recent months, with May 2024 bringing in USD 544.4 million.The post Expatriate remittances to Sri Lanka surge by 11.8% in first five months of 2024 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The International Monetary Fund (IMF) on Thursday (06) asserted that Sri Lanka could soon reach agreements with external commercial creditors consistent with programme parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, told the media. On March 21st, the […...
The International Monetary Fund (IMF) says macroeconomic policy reforms are starting to bear fruit in Sri Lanka. Julie Kozack, Director of the IMF Communications Department said that commendable outcomes include rapid disinflation, robust reserve accumulation, and initial signs of economic growth, while preserving stability of the financial system. “Program performance is strong with most qu...
Sri Lanka s official reserve assets has recorded a marginal drop by 0.9% to USD 5.42 billion in May 2024 compared to USD 5.47 billion in April 2024, according to the Central Bank of Sri Lanka (CBSL).
The International Monetary Fund (IMF) believes Sri Lanka will soon finalize agreements with external commercial creditors that align with program goals.The post IMF expects Sri Lanka to finalize deals with creditors soon appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Should The Economic Transformation Bill Proceed? – Part II appeared first on Colombo Telegraph.
[…]The post Can Sajith Foul Up Ranil’s Well-Laid Plans? appeared first on Colombo Telegraph.