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Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.The post Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations (Category: Breaking News)
- Lanka seeks release of crew (Category: Breaking News)
- Sri Lanka seeks US$ 6 Billion fuel credit line from Saudi Arabia (Category: Breaking News)
- Sri Lanka seeks Asian Development Bank support in digitalization, agriculture (Category: Breaking News)
[…]The post Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? appeared first on Colombo Telegraph.
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- The Latest IMF Condition – Make The Central Bank Independent (Category: Breaking News)
- RW’s National Policy & National Council (Category: Breaking News)
- Inflation, Interest Rate & Imperialism (Category: Breaking News)
[…]The post Big Fishes In Little Ponds: The Government’s & Civil Society’s Rightward Tilt appeared first on Colombo Telegraph.
- Sri Lanka’s Asian Heritage (Category: Breaking News)
- Why Civil Society Is In Error (Category: Breaking News)
- Putting Palestine In Perspective (Category: Breaking News)
- The Left, The Nationalist Right & Industrialisation As Policy (Category: Breaking News)
China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s Foreign Ministry said, confirming a Reuters report earlier this week. EXIM offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according […]
- China proposes setting up radar base in Sri Lanka (Category: Breaking News)
- Sri Lanka having regular consultations with US on China (Category: Breaking News)
- Sri Lanka seen as China’s top option for naval base (Category: Breaking News)
- China pushes its interest after debt restructuring pledge to Sri Lanka (Category: Breaking News)
Debt-ridden Sri Lanka on Wednesday (January 25) thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo to unlock the USD 2.9 billion bailout package.The post Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Creditor cooperation a must for Sri Lanka’s IMF programme – Government (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
By Sanath Nanayakkare Governor of the Central Bank Dr. Nandalal Weerasinghe said yesterday that the CBSL was not in any way connected to the matter of holding local government elections. Dr. Weerasinghe said so responding to a question from journalists as to how the Central Bank viewed the possibility of holding the local government elections […]
- People benefitting from CBSL governor s decisions- Sabry defends Dr. Weerasinghe (Category: Breaking News)
- Economic situation will worsen if political stability is not established soon  CBSL chief (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
- Second DDO possible if targets of current one not achieved  CBSL governor (Category: Breaking News)
Any government which was detached from people's true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.The post Government detached from people’s aspirations cannot bring in economic recovery – Anura appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLAN...
- Obstructing Elections is a Punishable Offence – Anura warns Treasury Secretary (Category: Breaking News)
- British High Commissioner meets NPP Leader (Category: Breaking News)
- Janatha Vimukthi Peramuna demands an early Election (Category: Breaking News)
- JVP Leader Anura Kumara meets India’s Foreign Minister S.Jaishankar in Delhi (Category: Breaking News)
By Saman Indrajith Interest rates could be relaxed with a cash infusion via the IMF, the Central Bank officials, including Governor Dr. Nandalal Weerasinghe, told the Committee on Public Finance (CoPF) recently. Dr. Weerasinghe said high interest rates had been adopted to limit growth to prevent the need for greater foreign exchange given the dwindling […]
- IMF defends Central Bank s decision to raise policy rates (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes (Category: Breaking News)
- Global economic outlook slightly less gloomy than expected, IMF says (Category: Breaking News)
As a result of sheer negligence, Sri Lanka has ended up being categorized as a perpetrator of war crimes, and those who had fought for the country are mercilessly targeted. There cannot be a better example than Air Marshal Sumangala Dias who suffered due to Sri Lanka’s failure. Canada refused to accept Dias as Sri […]
- Lanka warned of Extraterritorial jurisdiction (Category: Breaking News)
- Geneva challenge: Sabry needs to review ‘case’ anew (Category: Breaking News)
- Sri Lanka’s foreign policy dilemma (Category: Breaking News)
- Post-war deceptions (Category: Breaking News)
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF earlier this month, saying it would commit to supporting […]
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- Letter To Tiran (Category: Breaking News)
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said. “There has been good progress this month with India already pledging financing assurances. We expect assurances from China and Japan soon,” Weerasinghe said […]
- JICA will not fund projects in Sri Lanka until debt restructured (Category: Breaking News)
- India seeks close coordination between Sri Lanka and all creditors (Category: Breaking News)
- S&P lowers Sri Lanka’s sovereign rating to Select Default grade (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.The post China’s EXIM bank offers Sri Lanka debt extension – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLA...
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt (Category: Breaking News)
- China s EXIM bank gives Sri Lanka debt extension (Category: Breaking News)
- Sri Lanka says China Exim Bank agreed in principle to restructure $4.2bn of debt (Category: Breaking News)
Former Finance Minister, United National Party’s (UNP) Colombo district Leader Ravi Karunanayake alleged that the country went bankrupt not because of the governments, but because of the actions of the Central Bank (CB) and its officials.The post Ravi Karunanayake points finger at Central Bank for country’s woes appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA N...
- Court of Appeal quashes charges against Ravi Karunanayake in two Central Bank bond cases (Category: Breaking News)
- Opposition-Government battle over economy (Category: Business)
- 24 houses at Havelock Road demolished without even a days notice being given to the occupants ... (Category: Breaking News)
- Sri Lanka faces shutdown without stable Government – Central Bank Governor warns (Category: Breaking News)
[…]The post Raj Somadeva’s Yakhshi: Excellent Exposition Of History To Laymen appeared first on Colombo Telegraph.
- Child’s Guide To Bitcoinisation Of Sri Lanka Economy (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? (Category: Breaking News)
- Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? (Category: Breaking News)
- Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? (Category: Breaking News)
China is expected to hand over its letter of support for financing and debt restructuring of Sri Lanka, to the International Monetary Fund (IMF) on Sunday, the Hindustan Times reported.The post Sri Lanka’s debt restructuring: China expected to inform its support to IMF today appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.The post Sri Lanka expects financing assurances from China for IMF deal within days appeared first on Sri Lanka News - Latest Bre...
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
India’s External Affairs Minister S. Jaishankar on Thursday met Sri Lanka's top leadership and conveyed India's commitment to increase investment flows to hasten the debt-ridden island nation's economic recovery.The post Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten economic recovery appeared first on Sri Lanka News - Latest Breaking News in Sri La...
- India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry (Category: Breaking News)
- “A friend in need is a friend indeed”: Sri Lanka’s praise for India (Category: Breaking News)
- Sri Lanka’s creditors must take proactive steps to facilitate its recovery: Jaishankar (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
Dr. Jaishankar is in Sri Lanka to help under the “neighborhood first” strategy of India By R. R. M Lilani Dr. Jaishankar, India’s Foreign Minister, who is scheduled to arrive in Sri Lanka on January 19, 2023, has made another ‘neighbourhood first’ agreement with Sri Lanka by backing the country’s delayed debt restructuring programme with […]
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- China’s delays in restructuring the debt have put Sri Lanka in an awkward position. (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
By Sanath Nanayakkare The Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Tuesday that Sri Lanka had been hiding its bankruptcy which had actually occurred months before it was officially announced. He said so during a multi-TV channel programme where several key political and public officials responsible for the country’s economy were quizzed […]
- IT professionals leaving country (Category: Breaking News)
- Country attracts more than 800,000 tourists by 8 August (Category: Breaking News)
- IMF final review discussion with President today (Category: Breaking News)
- Sri Lanka reports 383 new COVID-19 cases (Category: Breaking News)
Sri Lanka’s official unemployment rate climbed, raising serious concerns for the policymakers, as the economic crisis is taking a severe toll on jobs, with many small and medium-sized businesses are either closing down or pushed to the brink amid elevated input costs, interest rates and decline in demand.The post Jobless rate rises to troubling levels as economic crisis stings employment appeared ...
- Expatriate Workers’ remittances in January stood at USD 437 Million – Manusha (Category: Breaking News)
- Sri Lanka records highest GDP growth of 8.5% in 8 yrs (Category: Breaking News)
- New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers (Category: Breaking News)
- Economy sees record growth (Category: Breaking News)
[…]The post Accountability Issues & Human Rights Cannot Be Glossed Over appeared first on Colombo Telegraph.
- The need to strengthen national accountability mechanisms (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]
- Accountability Issues & Human Rights Cannot Be Glossed Over (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
- Tamil diaspora call on more countries to sanction GR, MR (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
Indian External Affairs Minister S. Jaishankar’s visit to Colombo on Thursday will focus on “supporting Sri Lanka” in its current economic crisis, government sources said, adding that talks are ongoing in the field of energy security, food security, currency swap arrangements as well as talks about restructuring Sri Lanka’s debt. The two-day visit is expected […]
- Lanka crisis would deepen if creditors disagree, IMF says amid China concerns (Category: Breaking News)
- US calls on Lanka Army to build trust with minorities (Category: Breaking News)
- Japan cautious on reviving stalled projects, seeks faster debt deal with China (Category: Breaking News)
- New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall (Category: Breaking News)
By N Sathiya Moorthy If anyone thought that the recent Canadian sanctions against former Presidents Mahinda Rajapaksa and brother Gotabaya Rajapaksa, along with two army officers charged with Tamil-killing outside the battle-field could pressure the government of President Ranil Wickremesinghe to fast-track a liberal solution to the ethnic problem, it is not to be. If […]
- Sri Lanka President says solution to the ethnic issue must be acceptable to all (Category: Breaking News)
- Fresh Mahinda-Ranil powwow on reconciliation (Category: Business)
- Accountability Issues & Human Rights Cannot Be Glossed Over (Category: Breaking News)
- TNA tells President not to vacillate on the ethnic issue (Category: Business)
External Affairs Minister of India, S. Jaishankar’s visit to Colombo on Thursday will focus on “supporting Sri Lanka” in its current economic crisis, government sources said, adding that talks are ongoing in the field of energy security, food security, currency swap arrangements as well as talks about restructuring Sri Lanka’s debt. The two-day visit is expected to see some announcements.The post ...
- India formally notifies support to restructure Sri Lanka’s debt – report (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- Sri Lanka president to hold debt talks on France visit – sources (Category: Breaking News)
[…]The post A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt appeared first on Colombo Telegraph.
- A Child’s Guide To Fiscal Literacy: Low Literacy At All Levels Is The Curse (Category: Breaking News)
- A Child’s Guide To Fiscal Literacy: Low Literacy At All Levels Is The Curse (Category: Breaking News)
- A Child’s Guide To Fiscal Literacy: Low Literacy At All Levels Is The Curse (Category: Breaking News)
- A Child’s Guide To Fiscal Literacy: Low Literacy At All Levels Is The Curse (Category: Breaking News)
[…]The post The Need Of An Online Voting System To Sri Lanka appeared first on Colombo Telegraph.
- A Bankrupt Country Craves For Urgent ‘System Changes’ (Category: Breaking News)
- Akin To Fiddling When Rome Is Burning (Category: Breaking News)
- Debate Between Presidential Candidates First: A Point Of View (Category: Breaking News)
- The Franchise – Intentions, Operation & Results (Category: Breaking News)
[…]The post Economic Gloom, LG Polls & Coalitions Of Clowns appeared first on Colombo Telegraph.
- Celebrating Independence Or Inaugurating Dependence? (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Ranil’s One Policy Framework, Debt & The System (Category: Breaking News)
- Warning Signal To RW’s Transformation Agenda (Category: Breaking News)
[…]The post 182 Experts Call For Debt Cancellation But Private Investors Play Hardball appeared first on Colombo Telegraph.
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