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Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article IV Consultation. This was stated by Mr. Peter Breuer, IMF Senior Mission Chief during […]
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) have joined hands to protect Sri Lankans from human trafficking. With USD 2.6 Million funding support from the Government of Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) launched 12-month “UPLIFT” project. The initiative will contr...
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post IMF reaches staff-level agreement with Sri Lanka on second review appeared first on ONLANKA - Sri Lanka...
Chairman of Airport and Aviation Services (Sri Lanka) Ltd., Athula Galkatiya, remarked that the arrival of foreign tourists has risen owing to President Ranil Wickremesinghe’s economic initiatives and the peaceful environment fostered within the country.The post Bandaranaike International Airport experiences significant increase in passenger traffic appeared first on ONLANKA - Sri Lanka Latest Bre...
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
The Civil Aviation Authority of Sri Lanka (CAASL) is scheduled to host the Eighth International Cooperation Forum (ICF) of the European Air Safety Agency (EASA), starting from today (19) to Thursday (21) at the Hilton, Colombo. It is the first time an EASA conference is being held in Sri Lanka, said EU Coordinator Romaney Laurancehewa. The three-day event will see the […]
[…]The post Demystification Of The Black Box Involving Money Creation By C.A. Abeysinghe appeared first on Colombo Telegraph.
A Sri Lankan was among foreign students assaulted at the Gujarat University hostel in Ahmedabad for offering namaz in the facility’s building. The Press Trust if India reported that students hailing from different foreign countries were assaulted allegedly by a group of persons in the Gujarat University hostel in Ahmedabad. Two students – one from […]
By Meera Sirinivasan Sri Lanka has received a stock of bomb squad equipment through a grant from the Chinese military, the Sri Lankan army has said. The Chinese Ambassador in Colombo Qi Zhenhong handed over the Explosive Ordnance Disposal (EOD) equipment to the Secretary to Sri Lanka’s Ministry of Defence General Kamal Gunaratne (Rtd) in a ceremony held […]
ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]
US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter. Investigators are digging into whether an Adani entity, or people linked to the company including Mr […]
By Saman Indrajith The Samagi Jana Balawegaya (SJB) is not at all satisfied with the furtive manner in which the government is conducting discussions with Sri Lanka’s commercial creditors to restructure 12 billion dollars of debt, SJB MP and Chairman of the Committee on Public Finance (COPF), Dr. Harsha de Silva said. The SJB MP […]
By Rathindra Kuruwita The Association of Public Service Engineers (APSE) revealed that government departments, ministries, and local government bodies currently have only 1,000 engineers in their employ. This number represents only 66 percent of the approved cadre, according to Eng. L.S. Sooriyabandara. Eng. Sooriyabandara, a representative of the Association of Public Service Engineers (APSE), no...
Standard Chartered Bank’s Global Research team conducted its 2024 H1 Global Research Briefing (GRB) in Sri Lanka recently, themed ‘A soft landing, with risks’. The event took place on 4 March at the Galle Face Hotel Colombo and was attended by corporate, commercial and institutional banking clients of the Bank. It provided a valuable platform […]
The Mannar Wind Energy Controversy Ifham Nizam of The Island interviews Conservationist Dr. Rohan Pethiyagoda The government must have an open and transparent bidding process, says foremost Biodiversity Expert cum Electrical Engineer Dr. Rohan Pethiyagoda.Speaking to The Island about the proposed wind power project in Mannar by Adani Wind Energy (Sri Lanka) Limited, he stressed: […]
By Sanath Nanayakkare Saliya Wickramasuriya-Member of Colombo Port City Economic Commission said in Colombo on Wednesday that the new Port City Commission to be appointed at the end of the tenure of the current one would only have a few boxes to tick, in getting its work completed as a fully-fledged functional body going forward. […]
The late Ray Forbes encompassed within himself administrative excellence and profound humanity. On account of these rare qualities he endeared himself to the staff and students of the Bandaranaike Centre for International Studies (BCIS), Colombo, for well over a decade. The above sentiments were expressed with regard to the former Director of the BCIS, Ray […]
Sri Lanka: Repression of Civic Space Threatens Financial Reform The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s programme in the country, Human Rights Watch said in a letter to the IMF that was released on Tuesday (12). The proposed […]
The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s program in the country, Human Rights Watch (HRW) said in a letter to the IMF that was released on Tuesday (March 12).The post Human Rights Watch urges IMF to oppose laws restricting freedom in Sri Lanka appeared first on ONLANKA - ...
The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s program in the country, Human Rights Watch said in a letter to the IMF that was released, Wednesday. The proposed Non-Governmental Organizations (Registration and Supervision) Act is among several recent and […]
[…]The post Nandalal Weerasinghe’s Wages Of Sin appeared first on Colombo Telegraph.
[…]The post IMF Should Oppose Restrictions On Freedom of Expression & Civil Society Groups: HRW appeared first on Colombo Telegraph.
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, India’s Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development is going to be a “very game-changing” dimension […]
[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.
[…]The post The Steps To Achieve Justice In Sri Lanka appeared first on Colombo Telegraph.