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[…]The post Nothing ‘Holistic’ About The Romesh De Silva Constitutional Draft Or The Millions Spent By ‘Experts’ appeared first on Colombo Telegraph.
Bangladesh has extended the repayment period of Sri Lanka’s $200 million loan it had given by six more months.The post Sri Lanka given more time to repay Bangladesh’s $200 Million loan appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By N Sathiya Moorthy Now that President Ranil Wickremesinghe has promised to table the IMF bail-out documents in Parliament on 25 April, there will be some relief for citizens wanting out of the meaningless politico-electoral speculation of the time. It could well be back to a more serious discourse on the economy, economic recovery – […]
[…]The post Four Popular Fallacies Relating To Central Banking appeared first on Colombo Telegraph.
Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say. Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment of the $200 million credit […]
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
Sri Lanka makes significant progress in restructuring its debt and solving the economic crisis at the 2023 spring meetings of the World Bank Group and the International Monetary Fund in Washington DC.The post Sri Lanka makes significant progress at the World Bank – IMF spring meetings in Washington appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is looking to work with the U.S. Agency for International Development (USAID) to ensure a prosperous future for all. State Minister of Finance Shehan Semasinghe said he appreciated the continued partnership with USAID in promoting sustainable economic development in Sri Lanka. He expressed this view in a tweet after meeting USAID Deputy Assistant […]
Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies.The post Japan, India and France launch creditors meeting on Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
Japan, India and France announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies. It remains uncertain, however, whether Sri Lanka’s biggest bilateral creditor – China – will join the initiative launched […]
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
The United States District Court in the Southern District of New York has set dates to hear the lawsuit filed by Hamilton Reserve Bank seeking payment of defaulted International Sovereign Bonds (ISBs) on April 20, following a failed attempt to get the case dismissed by the Sri Lankan government.The post Next hearing of Hamilton Reserve Bank’s lawsuit against Sri Lanka on April 20 appeared fi...
Sri Lanka participated in a global sovereign debt roundtable meeting where debt sustainability and debt restructuring challenges and ways to address them were discussed. The Global Sovereign Debt Roundtable (GSDR) was held in Washington with the participation of International Monetary Fund Managing Director Kristalina Georgieva, World Bank Group President David Malpass and Indian Minister of [R...
By Easwaran Rutnam China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing. Responding to a question posed at a regular press briefing, Chinese Foreign Ministry Spokesperson Wang Wenbin said that the Export-Import Bank of China, as the official bilateral creditor, has stated clearly in its […]
Sri Lanka expects China to support its effort to restructure debts and help it begin repaying its obligations, according to the nation’s central bank governor.The post China will support Sri Lanka’s debt rework, says CBSL governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.The post Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.The post Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia. The IMF predicts the UK […]
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has called for a united effort to resolve the crisis in Sri Lanka. She also said that the IMF will support Sri Lanka at this difficult time. Her comments came following a meeting with a delegation from Sri Lanka led by State Minister of […]
Bill titled ‘Central Bank of Sri Lanka’: By Shamindra Ferdinando Speaker Mahinda Yapa Abeywardena made the following announcement immediately after the opening of Parliament on April 04, 2023. The Speaker declared: “I wish to make an announcement in respect of the Bill titled ‘Central Bank of Sri Lanka.’ The court has determined that none of […]
Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]
The World Bank and the International Monetary Fund (IMF) had talks with Sri Lanka on the country’s economic reform agenda. The discussion took place during the ongoing visit to Washington by State Minister of Finance Shehan Semasinghe to attend the World Bank and IMF Spring Meetings. World Bank Managing Director of Operations Anna Bjerde tweeted […]
Sri Lanka has requested foreign countries to review their travel advisories to reflect the stability in the country which would further encourage tourist influx. Minister of Foreign Affairs Ali Sabry convened a briefing on current developments in Sri Lanka for the Colombo-based diplomatic corps. Minister of State of Foreign Affairs Tharaka Balasuriya, Chief of Staff […]
U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, U.S. Treasury said on Monday.The post U.S. Treasury Secretary to push for moves to conclude debt treatment for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
By Shamindra Ferdinando The International Monetary Fund (IMF) owed an explanation as regards the recent government declaration that domestic debt restructuring was part of the programme implemented in terms of Sri Lanka’s agreement with the lending agency, top Opposition spokesperson Prof. G.L. Pieris, MP said yesterday (10). Having repeatedly assured that domestic debt wouldn’t be […]
[…]The post The Role Of National Defence In A Crisis-Ridden Economy appeared first on Colombo Telegraph.
To tackle the enormous economic challenge that Sri Lanka is facing, everyone must come together to support the recovery and promote stable and inclusive growth, says the International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer.The post Everyone must come together to support Sri Lanka’s recovery and inclusive growth – IMF appeared first on Sri Lanka News - Lates...
[…]The post Anti-Terrorism Act To Prevent System Change appeared first on Colombo Telegraph.
State Minister of Finance Shehan Semasinghe will lead a delegation from Sri Lanka for the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) which will take place from April 10 to 16 in Washington, DC. President Ranil Wickremesinghe has assigned Semasinghe to attend the discussions, the Ministry of Finance […]