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[…]The post Food Security Challenges Aligning With The Current Economic Crisis In Sri Lanka appeared first on Colombo Telegraph.
[…]The post Can Sri Lanka Save Itself From Imminent Destruction? appeared first on Colombo Telegraph.
By R M M Lilani A significant shift in the chaotic foreign policy of the Sri Lankan government has raised the idea of Japan once more acquiring the East Container Terminal (ECT), as the International Monetary Fund works to ameliorate Sri Lanka’s current financial crisis. After signing a MoU in 2019 agreeing to construct and […]
by Usvatte-aratchi No, you will not find it among the five ‘Stan Countries’ in the massive spread of Eurasia. Go further south and further east until you meet a sizeable island, not quite utima thule. Ask any forlorn-looking young man in that land where cones on stupa nearly scrape the underbelly of heavens, ‘In this […]
Months into Russia’s invasion of Ukraine, it is becoming increasingly clear that the latter’s traumas would not end any time soon. Nor is the invader registering any notable gains from its fatal decision to annex Ukraine by armed means and might. However, it’s abundantly clear that the destabilizing economic consequences for the world from the […]
[…]The post Transitional Justice In Sri Lanka: Accomplishments & Challenges In The Post-Civil War appeared first on Colombo Telegraph.
Sri Lanka has completely relaxed the restrictions imposed during the COVID-19 pandemic on persons arriving in the country.The post Sri Lanka lifts all COVID-19 restrictions imposed to enter the country appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post RW’s Political Rating & Fitch’s Credit Rating appeared first on Colombo Telegraph.
By Shamindra Ferdinando Narendra Fernando, Sergeant-at-Arms of the crisis-ridden Parliament, has declared that the largest number of students, in the post-independence era, visited the House on Thursday (Dec. 01). Director, Legislative Services, Janakantha Silva, who is also the Acting Director of Communication, quoted Fernando as having said that approximately 5,000 students, from 32 schools, rec...
China says it expects creditors, both countries and international financial institutions to work with Beijing to help Sri Lanka overcome the current financial difficulties. Chinese Foreign Ministry spokesperson Mao Ning said so when asked to comment on media reports pertaining to an International Monetary Fund (IMF) team visiting China, this week, to discuss faster progress […]
Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. The airline is the only domestic carrier in Sri Lanka offering daily scheduled flights and the only such airline to operate flights from the Bandaranaike International Airport (BIA) with a dedicated passenger terminal and aircraft […]
By Rathindra Kuruwita Cabinet spokesman Minister Bandula Gunawardena yesterday (06) said Sri Lanka wouldn’t be in a position to be part of the international trading system unless it boosted its foreign reserves by selling some of its assets. Gunawardena, who also holds media and transport portfolios said so at yesterday’s post-Cabinet press briefing. Responding to […]
[…]The post President’s Peace Overture Ignores Muslims appeared first on Colombo Telegraph.
Multilateral agencies have sought coordinated assistance for Sri Lanka, following a discussion held with President Ranil Wickremesinghe today. Representatives from the World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) and Asian Infrastructure Investment Bank (AIIB) decided that a coordinated assistance program supported by the multilateral financial institutions is r...
The World Bank has approved Sri Lanka’s request to access concessional financing from the International Development Association (IDA). This type of financing, which is offered at low interest rates, will enable the country to implement its government-led reform program to stabilize the economy and protect the livelihood of millions of people facing poverty and hunger. […]
China hopes relevant countries and international financial institutions will work with China to play a positive role in helping Sri Lanka overcome the current difficulties.The post China calls for joint efforts to ease Sri Lanka’s debt burden appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The World Bank on Monday (December 5) approved Sri Lanka’s request to access concessional financing from the International Development Association (IDA).The post World Bank approves Sri Lanka’s eligibility to access concessional financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
China hopes relevant countries and international financial institutions will work with China to play a positive role in helping Sri Lanka overcome the current difficulties.
China hopes relevant countries and international financial institutions will work with China to play a positive role in helping Sri Lanka overcome the current difficulties. Chinese foreign ministry spokesperson Mao Ning made the remarks when asked to comment on media reports that an International Monetary Fund (IMF) team will travel to China this week to […]
BY DR. Asoka Bandarage On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs. Nevertheless, IMF structural adjustment requires the country to meet its familiar debt restructuring […]
The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]
By Saman Indrajith Chief Opposition Whip Kandy District MP Lakshman Kiriella has asked the government when it will introduce the political reforms demanded by the international community. Speaking in Parliament on Saturday, Kiriella said that when the Opposition parties met the members of the Colombo-based diplomatic community during the Aragalaya protests, the latter had demanded […]
[…]The post World Bank Assistance Too Is Subject To Conditions! appeared first on Colombo Telegraph.
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
The Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the Island nation. While the Paris Club is still to formally reach out to India and China, two of Sri Lanka’s biggest creditors with […]
Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the island nation, the Hindustan Times reported.The post Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report appear...
Sri Lankan Foreign Minister, Ali Sabry met with U.S. Secretary of State Antony Blinken at the Department of State in Washington DC on Friday (December 02).The post Minister Ali Sabry meets U.S. State Secretary Antony Blinken appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Cricket, Politics & Other Games appeared first on Colombo Telegraph.
FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria Observation, on which it was placed […]
US Secretary of State Antony J. Blinken and Sri Lankan Foreign Minister Ali Sabry had talks in Washington on debt restructuring and the International Monetary Fund (IMF) deal. Speaking to reporters ahead of his meeting with Sabry, Blinken noted that Sri Lanka and the US had almost 75 years of partnership with Sri Lanka. “We’ll […]