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The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
[…]The post How Lanka Can Benefit From A Global Recession appeared first on Colombo Telegraph.
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
[…]The post IMF Must Become More Than Just A Debt Collector For Private Creditors appeared first on Colombo Telegraph.
[…]The post How We Came To This Pass: A Quest For Scapegoats appeared first on Colombo Telegraph.
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia’s invasion of Ukraine.The post World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
[…]The post Ranil’s Debt Driven Growth Strategy appeared first on Colombo Telegraph.
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered few international headlines. But Sri Lankans are suffering amid the […]
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, underscoring the need for Sri Lanka to build resilience.The post Debt res...
The World Bank warned that Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, […]
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
Wickremesinghe says Sri Lanka is taking some painful reforms to come out of economic crisis
[…]The post HSZ Symbolizes Increasing Economic Insecurity appeared first on Colombo Telegraph.
The British pound has fallen to a record low on Monday against the dollar and other currencies as markets react to the UK government’s biggest tax cuts in 50 years.The post British Pound hits record low against the dollar after tax cut plans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
By N Sathiya Moorthy President Ranil Wickremesinghe’s address at the first-ever graduation ceremony of the National Defence College (NDC) in capital Colombo reiterated four points. The first three have been repeated by successive governments and their leaders over the past three decades in particular. Initiated under the predecessor government of President Gotabaya Rajapaksa in the […]
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
Islamabad, Pakistan– United Nations Secretary-General Antonio Guterres has appealed for “massive” global support for Pakistan where unprecedented floods have killed nearly 1,400 people and displaced more than 33 million.Guterres made the appeal as he landed in the Pakistani capital early on Friday morning and was received by Hina Rabbani Khar, the state minister for foreign […]
For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]
Mikhail Sergeyevich Gorbachev who died last Tuesday was hardly known outside the Soviet Union when JR Jayewardene made himself Sri Lanka’s President in 1978. Seven years later, on March 11, 1985, Gorbachev would be become the General Secretary of the Soviet Communist Party. He was 54 years old and was the first leader of the […]
[…]The post Lanka Adrift In Tempestuous Seas appeared first on Colombo Telegraph.
[…]The post The World After Mikhail Gorbachev & Sri Lanka After JR Jayewardene appeared first on Colombo Telegraph.
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president Gotabaya Rajapaksa returns home after fleeing appeared first on ONLANKA News :. Sri Lanka Latest Breaking N...
By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch ‘Business Against Corruption’ Initiative” issued to the media after the two organisations […]
Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
Beijing [China], August 12 (ANI): Recent protests in China’s Henan province underline the risks being faced by banks as the real estate sector continues to struggle. The real estate sector in China accounts for around 24 per cent of gross domestic product (GDP), almost a quarter of the nation’s GDP, according to authors Ahana Roy […]
Thursday 18th August 2022 Speculation is rife that former President Gotabaya Rajapaksa is planning to return to Sri Lanka. The question, however, is not whether he is coming, but what he is doing overseas. The anti-government protesters who engineered his ouster called upon him to ‘go home’; they did not ask him to flee the […]
[…]The post Purchasing Power Parity appeared first on Colombo Telegraph.