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Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.The post Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan – sources appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - S...
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka, IMF reach preliminary agreement on emergency loan- reports (Category: Breaking News)
- IMF delegation to arrive in Sri Lanka on Thursday (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said. The island nation, struggling with its worst economic crisisin more than seven decades, had sought up […]
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- China’s offer not sufficient for IMF deal (Category: Breaking News)
Wickremesinghe is budgeting in a sea of monetary instability
- Sri Lanka tax revenues grow 29-pct up to May amid inflation (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- Sri Lanka banks cut foreign borrowings, see more deposit dollarization (Category: Breaking News)
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]
- Women and children the most affected by Lanka’s economic crisis – ESCAP (Category: Breaking News)
- Sri Lankan women to protest today over the sexual abuse against women and children (Category: Breaking News)
- Govt may consider hangwomen if execution starts: State Minister (Category: Breaking News)
- Kalkudah to Arugam Bay and some canny decision making by JRJ (Category: Breaking News)
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
- Ranil leading talks to form all-party Government (Category: Breaking News)
- Cabinet to resign after agreement reached on all-party Government (Category: Breaking News)
- Government to provide free food to 10% of the population (Category: Breaking News)
- President wants uninterrupted power (Category: Breaking News)
Sri Lanka is facing a looming food shortage after ban on fertilizer import
- Refugee Support (Category: Business)
- Food Deal (Category: Business)
- Food Acquisition (Category: Business)
- Food Oppression (Category: Business)
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Update...
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan – sources (Category: Breaking News)
[…]The post Reliance On Repression Will Worsen Current Crisis appeared first on Colombo Telegraph.
- Criminalising Public Protest Will Only Delay The Inevitable (Category: Breaking News)
- Pardons & Amnesties To Heal The Divided Nation (Category: Breaking News)
- Non-Consultative Business As Usual Approach Belittles Nation Crises That Cry For Priority (Category: Breaking News)
- Calibrating The Time & Mode Of Elections (Category: Breaking News)
Huawei launched Asia Pacific Seeds for the Future 2022 in collaboration with ASEAN Foundation and Tourism Authority of Thailand (TAT). From August 19 to 27, the program will bring together 120 outstanding students from 16 countries including Thailand, Sri Lanka, Nepal, Bangladesh, Laos, Cambodia, Indonesia, Japan, Malaysia, Singapore, South Korea, Phillipines across the Asia Pacific […]
- President Wickremesinghe visits Huawei Company in China (Category: Breaking News)
- Sri Lanka President inked agreement with Huawei company for digitization of Sri Lanka’s schools (Category: Breaking News)
- Sri Lanka looks to work closer with ASEAN (Category: Breaking News)
by Jehan Perera Early this year the government under President Gotabaya Rajapaksa amended the Prevention of Terrorism law. It accepted the position that the law was in violation of international standards and wanted to show it was committed to improving its human rights record. The ground was set to mitigate the pressures from the UN […]
- Spirit of magnanimity to accompany national problem solving (Category: Breaking News)
- New administration fails to reverse damaging policies of its predecessor (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
- Restoration of moral legitimacy is essential (Category: Breaking News)
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
- CB Governor sees light at the end of the tunnel (Category: Breaking News)
- CB Governor says biggest bugbear for businesses is high inflation (Category: Breaking News)
- CBSL Governor says inflation could rise to 7% this month (Category: Breaking News)
- Central Bank Governor shares Sri Lanka’s inflation success story (Category: Breaking News)
ByShamindra Ferdinando Sri Lanka hadn’t been able yet to convince Russia to resume Aeroflot flights and tourists from there to Sri Lanka suspended in the wake of the detention of SU 289 at the Bandaranaike International Airport (BIA) on the afternoon of June 02, authoritative sources said. Sri Lanka grappling with an unprecedented foreign exchange […]
- Consultant surgeon suggests airlifting of patients to NHSL from far-flung areas for emergency su... (Category: Breaking News)
- J’pura campus surrounded by Army like ‘uncleared area’ - SU (Category: Breaking News)
- Buddhist traditions guide our approach to economic and social policy making: President at MDG Su... (Category: Breaking News)
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Sri Lanka President revises budget amid inflationary blow off (Category: Breaking News)
"What we ask from the government is to facilitate us through private or state banks to import these as needed," he said.
- Lanka's poultry industry in crisis (Category: Breaking News)
- ‘Govt. makes a killing from egg imports’ (Category: Breaking News)
- Moves to regulate poultry and egg industry (Category: Breaking News)
- Poultry farmers cry out for help, oppose govt. move to import eggs (Category: Breaking News)
By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...
- CEB engineers, blue eyed boys of govt.- Ministry official (Category: Breaking News)
- CEB engineers pump diesel into their vehicles from Kelanitissa stores (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- Sectoral Oversight Committee exposes CEB costing trick to make huge profits (Category: Breaking News)
[…]The post Did Bankruptcy Of Sinhala Language Help Push The Country Off The Cliff appeared first on Colombo Telegraph.
- Clifford ‘Cliff’ Lee Gagnon (Category: USA, Indiana)
- Clifford ‘Cliff’ Lee Gagnon (Category: USA, Indiana)
- Lasantha Wickrematunge’s Assassination: Empty Promises Of Accountability (Category: Breaking News)
- Manslaughter By Proxy (Category: Breaking News)
[…]The post Looking At The Problem Of The Point Of View Of The State appeared first on Colombo Telegraph.
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Are The IMF & Ranil Wickremesinghe Neoliberal? (Category: Breaking News)
- The Role Of The Attorney General In Sri Lanka (Category: Breaking News)
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
- Legitimate Demands Of Protestors Need To Me Met (Category: Breaking News)
- Representative Democracy Is To Heed The Voice Of The People (Category: Breaking News)
- President Needs To Implement Pledges Before Elections (Category: Breaking News)
- Criminalising Public Protest Will Only Delay The Inevitable (Category: Breaking News)
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
- Political engagement with Aragayala necessary (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- Deeds now matter more than promises for the future (Category: Breaking News)
- True reconciliation requires including all in the state’s care, concern and protection (Category: Breaking News)
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]
- SJB calls for sacking of SLC management (Category: Breaking News)
- Asia Cup likely to be shifted from Sri Lanka to UAE (Category: Breaking News)
- Sri Lanka Cricket expresses interest in hosting Asia Cup 2023 - Report (Category: Breaking News)
- SJB MP alleges misuse of funds at SLC (Category: Breaking News)
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- HRCSL orders IGP to submit report on police tear gassing NPP protesters in Colombo (Category: Breaking News)
- Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch (Category: Breaking News)
- Sri Lanka Police Chief, Public Security Ministry Secretary summoned by Human Rights Commission (Category: Breaking News)
- Revoke sweeping new order to restrict protest – Human Rights Watch (Category: Breaking News)
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
- Is Sri Lanka Heading Towards The Myanmar Model Of Governance? (Category: Breaking News)
- Government’s Attempt To Redefine The Political Discourse & Direction Through Suppression (Category: Breaking News)
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- Political engagement with Aragayala necessary (Category: Breaking News)
"We also have to limit selected imports in order to balance the payments for fuel."
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
Calls for unity in a country torn apart by nationalism and monetary instability
- Selected imports to be restricted to balance payments for fuel (Category: Breaking News)
- Sri Lanka president, PM, opposition leader support proposed UN-monitored reforms: Victor Ivan (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
- Sri Lanka President Wickremesinghe parliament address – full text (Category: Breaking News)
- NMSJ concerned about arrests (Category: Breaking News)
- Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
[…]The post Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? appeared first on Colombo Telegraph.
- A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
- New Central Banking Bill: Positive But Gaps Need To Be Filled (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Sri Lanka President meets UN Secretary-General in Egypt (Category: Breaking News)
- Sri Lanka President meets Prime Minister of Singapore (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
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