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Earnings from exports in 2022 surpassed USD 13 billion per year for the first time, recording an increase of 4.9% from the previous highest recorded in 2021, the Central Bank of Sri Lanka (CBSL) says.
The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.The post Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- Bangladesh secures loans of $4.7 billion from IMF (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
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)
Holders of Sri Lanka’s foreign bonds want more clarity on the nation’s local-currency debt before they sit down for formal restructuring talks, according to people familiar with the situation.The post Sri Lanka creditors seek clarity on local bonds for debt talks – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s Asia-Beating Dollar Bond Rally May Be Approaching End (Category: Breaking News)
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
- Sri Lanka drops further in corruption perceptions index (Category: Breaking News)
- Forbes Asia recognises Sandra Wanduragala Founder Selyn (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- UNDP appeals for assistance to help rebuild Sri Lanka (Category: Breaking News)
[…]The post Hasalaka Thushara, Ayn Rand & An Instance Of Atlas Choosing To Shrug Himself appeared first on Colombo Telegraph.
- Smoking is a drag on world economy: Tobacco Atlas (Category: Business)
- The Zoning Atlas — an important resource as Connecticut rethinks housing policies (Category: USA, Arkansas)
- Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy (Category: Breaking News)
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (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 There’s No Statute Of Limitations On Crimes Against Humanity appeared first on Colombo Telegraph.
- Damning Report From UN Envoy On Human Rights Spells Rocky Road For Nandasena Administration In G... (Category: Breaking News)
- Democracy A Global Sine-Qua-Non: Social-Liberal-Electoral Or Whatever (Category: Breaking News)
- Oh! Gaza, Oh! Palestine (Category: Breaking News)
- Contempt Of Court: Hiragedarara Yawanna Hitiya Ekkenāwa Mama Raja Gedarata Yawwa (Category: Breaking News)
By Easwaran Rutnam China’s offer to Sri Lanka of a two-year moratorium on its debt is not sufficient to clear the path for the International Monetary Fund (IMF) to approve a funding program, diplomatic sources told Daily Mirror. Sources said that the IMF requires more assurances from China in order to secure IMF board approval […]
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (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)
[…]The post Fear Corrupts Politicians: Time To Repeal Custom-Made Laws appeared first on Colombo Telegraph.
- Taking Dictatorial Steps To Control Public Sri Lanka (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Collusive Behavior Undermines Citizen Rights: Emerging Pseudo-Goebbels (Category: Breaking News)
- Lack of Common Sense Of A Time-Expired President (Category: Breaking News)
International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian has said the political will displayed by the Sri Lankan leadership to speed up reforms and implement difficult tax increases in order to revive the economy is highly appreciable, according to a statement issued by Prime Minister Dinesh Gunawardena’s Office yesterday (26) Dr Subramanian, who called […]
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- Discussions with IMF ended successfully  PM tells Parliament (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- PM begins talks with visiting IMF team in Sri Lanka (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)
China s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China s foreign ministry said on Thursday, confirming a Reuters report earlier this week.
- Resource Conflict (Category: Business)
- China's female astronaut quandary (Category: Technology)
- Full Ahead (Category: Business)
- Brief analysis of Corrupt Public Expenditure in 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)
While implementing complex programmes such as the International Monetary Fund (IMF), difficult decisions related to it should be implemented regardless of who is in power, Central Bank Governor Dr. Nandalal Weerasinghe said on Wednesday (January 25).The post IMF process should continue whoever is in power – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri ...
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
By Hiran H. Senewiratne The Central Bank did not contract the economy by hiking interest rates, but prevented a further contraction and possible hyper- inflation by stabilizing the external sector with high rates, Central Bank Governor Dr. Nandalal Weerasinghe said. “The Central Bank by tightening monetary policy, minimized the damage that was going to happen […]
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Policy interest rates reduced to enable economy to reach its true potential – CBSL Governor (Category: Breaking News)
- CB reduces interest rates (Category: Breaking News)
- Encouraging inflation figures mean current interest rates can continue - CB Governor (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)
An agreement has been reached not to enforce power cuts during the 2022 GCE Advanced Level examinations. The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), Janaka Ratnayake said that an agreement was reached not to enforce power cuts until 17th February. Accordingly, he said that based on the agreement, power cuts should […]
- PUCSL makes u-turn and approves further power cuts (Category: Breaking News)
- No power cuts during the weekend (Category: Breaking News)
- How long will power cuts be? (Category: Breaking News)
- PUCSL approves 3-hour power cuts (Category: Breaking News)
The Colombo Magistrate s Court today (25 Jan.) ordered the release of the former Governor of the Central Bank of Sri Lanka (CBSL), Ajith Nivard Cabraal, from a case filed by Ven. Thiniyawala Palitha Thero.
The Central Bank of Sri Lanka (CBSL) is hopeful that the International Monetary Fund (IMF) will be able to receive financial assurances from all of Sri Lanka s creditors pertaining to the island s debt restructuring plan in a very short period, Governor Dr. Nandalal Weearsinghe stated.
[…]The post Will India Be The Game Changer For RW? appeared first on Colombo Telegraph.
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Connectivity Or Captivity? (Category: Breaking News)
- Celebrating Independence Or Inaugurating Dependence? (Category: Breaking News)
- Systemic Drain (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)
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively.The post Sri Lanka’s Central Bank holds policy interest rates at current levels appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- Sri Lanka maintains policy interest rates, GDP within targets (Category: Breaking News)
- Central Bank of Sri Lanka decided to maintain policy interest rates at their current levels (Category: Breaking News)
- Sri Lanka Central Bank maintains policy interest rates (Category: Breaking News)
- Sri Lanka Central Bank maintains policy interest rates (Category: Breaking News)
Sri Lanka’s gross official reserves stood at an estimated US dollars 1.9 billion by the end of 2022, the Central Bank of Sri Lanka said today. The bank said that the gradual improvement in workers’ remittances, together with the revitalisation of tourism, helped improve the external current account balance in recent months while easing excessive […]
- Sri Lankan residents permitted to have maximum of USD 10,000 (Category: Breaking News)
- President holds talks with diplomats on debt restructuring (Category: Breaking News)
- US$333 million to be released to Sri Lanka immediately (Category: Breaking News)
- Sri Lanka’s liquid reserves continues to remain significantly low (Category: Breaking News)
Four individuals wearing masks have completely dismantled and removed an ATM machine from a private bank on the Kandy Road in Gampola last night, police said.The post ATM machine stolen from a bank in Gampola appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Seven suspects involved in Gampola ATM machine robbery arrested (Category: Breaking News)
- Seven suspects involved in stealing ATM machine arrested (Category: Breaking News)
- Thieves steal ATM machine from bank in Gampola (Category: Breaking News)
- Masked thieves remove ATM machine in Gampola (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively.
USD 3 mn Japanese grant attached to ongoing project By Shamindra Ferdinando An agreement on the much advertised cash assistance, provided exclusively to paddy farmers by the Wickremesinghe-Rajapaksa government, was finalised several weeks before then President Gotabaya Rajapaksa stepped down on July 14, 2022 amidst violent protests. The Asian Development Bank (ADB) has provided the […]
- ADB to disburse US$ 203 Million emergency loan to support Sri Lanka’s poor and vulnerable (Category: Breaking News)
- ADB: Political stability essential amidst controversy over LG polls and 13A (Category: Breaking News)
- Sri Lanka signs agreement for 200mn USD ADB loan, 3mn USD Japan grant (Category: Breaking News)
- ADB approves USD 200 Mn loan to mitigate Sri Lanka s food crisis (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)
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