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Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
Samagi Jana Balawegaya (SJB) MP, Harshana Rajakaruna, emphasized today (April 16) the need for Sri Lanka to maintain a cautious and neutral stance in international relations, particularly highlighting the importance of not getting involved in global conflicts.The post Sri Lanka must stay neutral in world conflicts – Harshana Rajakaruna appeared first on ONLANKA - Sri Lanka Latest Breaking Ne...
Sri Lanka began the International Monetary Fund and World Bank Group (IMF/WBG) Spring Meetings with a productive bilateral discussion with Kenji Okamura, the Deputy Managing Director of the IMF, according to State Minister of Finance, Shehan Semasinghe.The post Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks appeared first on ONLANKA - Sri Lanka Latest Breaking New...
Several major water and energy projects are going to be inaugurated by the presidents of Iran and Sri Lanka in the near future, Iranian media reported.The post Iranian President to inaugurate ‘Uma Oya’ project during Sri Lanka visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Ranil Wickremesinghe assured solutions to plantation workers during a walk along the Pekoe Trail in Nuwara Eliya. The “Pekoe Trail” spans 300+ km through the Central Highlands of Sri Lanka, regarded as one of Asia’s best-kept secret routes. Originating from the renowned city of Kandy, it extends south towards the Hatton and Horton Plains […]
The founder of the Sarvodaya Shramadana Movement of Sri Lanka, Dr. A.T. Ariyaratne, passed away, his family announced. He was 92-years-old. He passed away at a private hospital in Colombo, Tuesday. Ariyaratne was nominated to the Constitutional Council as a civil representative in 2015. He received the Ramon Magsaysay Award for Community Leadership in 1969, […]
The government of Sri Lanka has concluded the initial restricted discussions with nine members of the Steering Committee of the Ad Hoc Group of Bondholders regarding its international sovereign bonds (ISBs).
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “It is always a pleasure to meet with Dr. Krishnamurthy Subramanian, […]
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
[…]The post Excitement Unleashed – Slot Games and Betting Options on Melbet Sri Lanka appeared first on Colombo Telegraph.
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
By Easwaran Rutnam Iran’s President Ebrahim Raisi is to visit Sri Lanka in May and launch several water projects, amidst rising tensions in the Middle East. According to the Tehran Times, Ebrahim Raisi will launch the Uma Oya Multipurpose project which includes two dams namely Dyraaba and Puhulpola and also 25 kilometers of water transmission […]
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