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The Export-Import Bank of China has provided Sri Lanka with a debt extension, China’s Foreign Ministry said on Monday, noting that China is willing to negotiate a medium- and long-term debt disposal plan with the country in a friendly manner, and do its best to promote Sri Lanka’s debt sustainability.The post China already offers Sri Lanka debt extension: Chinese Foreign Ministry appeared first on...
[…]The post A führer In The Making appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Bitcoinisation Of Sri Lanka Economy appeared first on Colombo Telegraph.
Sri Lanka, the ‘pearl of Indian Ocean’, will soon make a comeback as a popular destination for Indians, the Indian media quoted travel companies in India as saying. Indians shelled out nearly $10 billion in overseas travel in the first nine months of the ongoing fiscal, more than any full financial year, the Times of […]
Sri Lanka, the ‘pearl of Indian Ocean’, will soon make a comeback as a popular destination for Indians, the Indian media quoted travel companies in India as saying. Indians shelled out nearly $10 billion in overseas travel in the first nine months of the ongoing fiscal, more than any full financial year, the Times of […]
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions.The post IMF said to discuss Sri Lanka loan approval even as China stalls appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
Islamabad [Pakistan], February 6 (ANI): Former Pakistan Finance Minister Miftah Ismail has said that things on the economic front will “remain tight” as the economy faces a severe liquidity crunch, Geo News reported. Pakistan is seeking an installment of USD 1.1 billion from the International Monetary Fund to avoid default. In a tweet, Ismail stated, […]
[…]The post A Painted Ship In A Painted Ocean appeared first on Colombo Telegraph.
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions. Under a rarely used policy on lending into official arrears, the IMF may consider approving Sri Lanka’s loan because China’s assurance is the only prerequi...
President Ranil Wickremesinghe says a loan under the International Monetary Fund (IMF) Extended Fund Facility (EFF) is expected to be received in March. He expressed these views during a meeting held with small and large-scale rice mill owners at the Presidential Secretariat, the President’s Media Division said today. The IMF had said last week that […]
During a discussion held at the Presidential Secretariat on February 16th, President Ranil Wickremesinghe announced that an International Monetary Fund (IMF) EFF loan is expected to be received in March. The President also mentioned that the possibility of reducing bank interest rates is being considered in line with the gradual drop of inflation rate.
Sri Lanka President Ranil Wickremesinghe said under the International Monetary Fund’s (IMF) extended fund facility (EFF) program, USD 2.9 billion is expected to be received by March.The post Sri Lanka President expects IMF Extended Fund Facility in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Qualified Candidates Essential For System Change appeared first on Colombo Telegraph.
[…]The post PAYE Tax; Will There Be A Mass Exodus? appeared first on Colombo Telegraph.
[…]The post Warning Signal To RW’s Transformation Agenda appeared first on Colombo Telegraph.
India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world's largest sovereign creditor, to take a large haircut on loans.The post Exclusive: G20 host India to propose China, other creditors take haircuts on loans – sources appeared first on Sri Lanka News - Latest Bre...
By Hiran H. Senewiratne Sri Lanka does not have a proper port management system and this drawback causes tremendous delays when dealing with documentation. It will not serve the purpose even if the government expands port operations, Minister of Ports, Shipping and Aviation Nimal Siripala de Silva said. “The government should not regulate the shipping […]
[…]The post Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil appeared first on Colombo Telegraph.
Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report.The post China, U.S. to participate in first meeting of new debt roundtable on February 17 appeared first on Sri Lanka News - Latest Breaking News in Sri La...
Sri Lanka is to attend a virtual meeting of a new sovereign debt roundtable meeting led by the International Monetary Fund (IMF) the World Bank and India. Officials from China, India, Saudi Arabia and Group of Seven wealthy nations will participate in the meeting on Friday, Reuters reported. The roundtable will include officials from countries […]
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines, and a depleted foreign exchange reserve insufficient […]
[…]The post Tax! Tax!! Tax!!! appeared first on Colombo Telegraph.
The International Monetary Fund said its approval of the $2.9 billion loan bailout of the crisis-riddled Sri Lanka will depend on the country securing assurances on debt relief from its bilateral creditors, Bloomberg reported yesterday Bloomberg quoted an IMF spokesperson who said “Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances […]
[…]The post Did Faulty Constitution Bring Misery? – Undermining The State Is The Game appeared first on Colombo Telegraph.
The International Monetary Fund said its approval for a $2.9 billion loan to bail out crisis-riddled Sri Lanka will depend on the island nation securing assurances on debt relief from its bilateral creditors.The post IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
BBC reported that more than 20,000 people are now known to have been killed in Monday’s earthquakes in Turkey and Syria, though the UN warns the disaster’s full extent is still unclear. Rescuers are still searching rubble for survivors, but hopes are fading almost 100 hours since the tremors struck. Freezing conditions threaten the lives […]
Singappuli Arachchige Karunaratne had his school education at the St. John Bosco College in Hanwella and Dharmapala Vidyalaya, Pannipitiya. He was among the top performers at the GCE (Ordinary Level) examination of 1956; and graduated with a BSc Engineering degree from the Department of Civil Engineering at the Faculty of Engineering in the Peradeniya Campus […]
Reforms to be introduced to end ‘media abuses’ President Ranil Wickremesinghe yesterday said that the government was not in a position to lower the taxes. Delivering his second government policy statement to inaugurate the Fourth session of the Ninth Parliament, the President said: “Some people say that the primary taxable income should be raised from […]
Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on Wednesday, as hundreds protested a recent rise in taxes amid high inflation.The post Sri Lanka flags return to growth, protesters demand tax cuts appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...