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The International Monetary Fund (IMF) on Thursday (06) asserted that Sri Lanka could soon reach agreements with external commercial creditors consistent with programme parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, told the media. On March 21st, the […...
- Swift completion of final agreements with official creditors critical for Sri Lanka  IMF (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Strong expectation that Sri Lanka will reach agreements with external creditors soon - IMF (Category: Breaking News)
- Govt. ponders domestic debt optimisation operation (Category: Breaking News)
The International Monetary Fund (IMF) says macroeconomic policy reforms are starting to bear fruit in Sri Lanka. Julie Kozack, Director of the IMF Communications Department said that commendable outcomes include rapid disinflation, robust reserve accumulation, and initial signs of economic growth, while preserving stability of the financial system. “Program performance is strong with most qu...
- IMF says Sri Lanka yet to finalize deal with bondholders and creditors (Category: Breaking News)
- IMF wants Sri Lanka to implement deals with official creditors (Category: Breaking News)
- IMF hopeful of deal between Sri Lanka and commercial creditors (Category: Breaking News)
- IMF praises Sri Lanka’s economic progress amid challenges (Category: Breaking News)
The International Monetary Fund (IMF) believes Sri Lanka will soon finalize agreements with external commercial creditors that align with program goals.The post IMF expects Sri Lanka to finalize deals with creditors soon appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Strong expectation that Sri Lanka will reach agreements with external creditors soon - IMF (Category: Breaking News)
- IMF staff concludes visit to Sri Lanka saying debt agreements with creditors critical (Category: Breaking News)
- Swift completion of final agreements with official creditors critical for Sri Lanka  IMF (Category: Breaking News)
- IMF praises Sri Lanka’s economic progress amid challenges (Category: Breaking News)
[…]The post Can Sajith Foul Up Ranil’s Well-Laid Plans? appeared first on Colombo Telegraph.
- Quo Vadis? – Feeding The 225; Don’t Wait For The State; Let’s Act On Our Own (Category: Breaking News)
- NM’s Heritage: Upsurge Of Religious Despotism In Sri Lanka: Can The JVP Withstand Sinhala-Buddhi... (Category: Breaking News)
- Ranil’s Prospects At The Next Election (Category: Breaking News)
- Triangular Contest: To Be Realistic, There Are 3 Options: Response To Prof Kumar David (Category: Breaking News)
[…]The post Should The Economic Transformation Bill Proceed? appeared first on Colombo Telegraph.
- Should The Economic Transformation Bill Proceed? – Part II (Category: Breaking News)
- Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- President Ranil Wickremesinghe Rescued & Stable Economy In Sri Lanka – An Inquiry (Category: Breaking News)
Poverty is one of the most pressing and pervasive issues facing the world today. It affects billions of people globally, diminishing their quality of life, limiting their opportunities, and perpetuating a cycle of deprivation that can span generations. Understanding poverty requires a multidimensional approach that goes beyond mere economic measures. It encompasses social, cultural, political, [...
- Pro-poor growth and Economic growth in Sri Lanka - A critical analysis (Category: Breaking News)
- The Fight For Women’s Empowerment In An Era Of Conflict & Multifaceted Crises (Category: Breaking News)
- Springboarding From The Aragalaya To A New Nation We All Deserve (Category: Breaking News)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
The Cabinet of Ministers approved the proposal presented by the Minister of Irrigation to obtain the services of the World Meteorological Organization, an international organization with extensive experience in the field of meteorology and hydrology and the technical ability to improve emergency warning systems to implement the Climate Resilience Multi-Phase Programmatic Approach program. The Clim...
[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
- Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Fail... (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Why Step Motherly Treatment Of The Oppressed Segments Of Society Via Micro Finance Bill? (Category: Breaking News)
- Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! (Category: Breaking News)
[…]The post Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Failure? appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? (Category: Breaking News)
A seven-member delegation from Sri Lanka, focusing on public procurement, commenced a three-day experience-sharing visit to Bangladesh Public Procurement Authority (BPPA). The visit aims to understand the electronic Government Procurement (e-GP) system, introduced by BPPA. The delegation was welcomed today at BPPA by the Chief Executive Officer (CEO) of BPPA, Mohammed Shoheler Rahman Chowdhury. E....
- Australian GP hails more competitive season (Category: Business)
- Dialog roaming customers win F1 bonanza to watch British GP (Category: Business)
- Organisers predict Indian GP sellout (Category: Business)
- Chinese GP cancelled because of country’s ‘ongoing difficulties’ with Covid (Category: Breaking News)
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a […]
- Cabinet approves draft FTA between Sri Lanka and Thailand (Category: Breaking News)
- Sri Lanka raises deep concerns with Canada over statements on genocide (Category: Breaking News)
- Sri Lanka seeks technical assistance from U.S to fight corruption (Category: Breaking News)
- Thailand approves visa-free entry for visitors from Sri Lanka (Category: Breaking News)
[…]The post Ministry Of Finance, Economic Stabilization & National Policies appeared first on Colombo Telegraph.
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- CB To Launch A Diagnostic Audit Of Sri Lankan Banks; “Physician, Heal Thyself”! (Category: Breaking News)
- Skeletons In The Cupboard (Category: Breaking News)
The International Monetary Fund (IMF) and the World Bank Group said Friday they deepened joint efforts to bolster climate action.
Group B preview: Australia and England will be favourites to progress out of Group B at the T20 World Cup, but Namibia, Oman and Scotland have shown previously they are more than capable of causing an upset or two. The two most recent champions along with three spirited associates make up Group B of the […]
- Do What You Like Vs Like What You (Have To) Do! (Category: Breaking News)
- World Cup head to head: India vs Australia (Category: Breaking News)
- USA vs Canada: oldest rivalry renewed at cricket’s biggest T20 World Cup (Category: Breaking News)
- India Vs England (Category: Breaking News)
Sri Lanka has again requested Canada not to repeat baseless allegations of genocide here. Foreign Secretary Aruni Wijewardane took up the issue when she met Canadian Deputy Minister for International Development Christopher MacLennan at the Ministry of Foreign Affairs on Wednesday (28) Recently, Foreign Ministry accused Canadian Prime Minister Justin Trudeau of repeatedly propagating lies […...
- Japanese FM Kamikawa due here (Category: Breaking News)
- Maldivian FM due here next week (Category: Breaking News)
- Genocide Day’ controversy : SL registers protest with Canadian HC (Category: Breaking News)
- Sabry hits out at Trudeau over India-Canada diplomatic row (Category: Breaking News)
During the “Advancing Energy Transition” round table discussion at the Hilton Colombo on Wednesday (29) morning, President Ranil Wickremesinghe emphasized the need for a comprehensive plan to exploit renewable energy and explore future trends in green hydrogen in Sri Lanka. The event, held in collaboration with the World Bank, the Ministry of Power and Energy, […]
- Cleaner Fuel (Category: Business)
- Portugal's green energy dilemma (Category: Technology)
- Can human power replace batteries? (Category: Technology)
- Former football coach Lou Holtz tests positive for COVID-19 (Category: USA, Mississippi)
Sri Lanka is studying South Australia’s energy transition policy, which looks at net-zero emissions by 2050. President Ranil Wickremesinghe said that Sri Lanka needs to decide if it requires energy transition legislation. “Some countries have energy transition legislation. We have also looked at that. We have looked at some areas such as South Australia. It […]
- Solutions sought to tackle marine litter near Sri Lanka (Category: Breaking News)
- Shaping Sri Lanka’s industrial recovery: Industry and government leaders convene (Category: Breaking News)
- Preliminary work to bring Starlink to Sri Lanka completed (Category: Breaking News)
- Hemas Consumer Brands Spearheads Environmental Stewardship Across the Island (Category: Breaking News)
[…]The post Quo Vadis? – Feeding The 225; Don’t Wait For The State; Let’s Act On Our Own appeared first on Colombo Telegraph.
- The Partnership Between NPP & JVP Must Be Emboldened (Category: Breaking News)
- Ranil’s Prospects At The Next Election (Category: Breaking News)
- NM’s Heritage: Upsurge Of Religious Despotism In Sri Lanka: Can The JVP Withstand Sinhala-Buddhi... (Category: Breaking News)
- Waging Peace! (Category: Breaking News)
Union Bank commenced the launch of digital zones providing 24/7 Smart Banking services from its Head Office in April 2024. This was followed by the opening of several new digital zones in other area including Pettah, Rajagiriya, Kandy, Gampaha, Negombo and Kurunegala, offering customers seamless transactions including cash deposits, cash withdrawals, cardless deposits, fund transfers […]
- Union Bank Elevates Digital Banking Experience with New Digital Zones (Category: Breaking News)
- Union Bank Opens Newest Digital Zone in Rajagiriya (Category: Breaking News)
- Preliminary work to bring Starlink to Sri Lanka completed (Category: Breaking News)
- Union Bank digital zone now In Pettah (Category: Breaking News)
The Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 per cent and 9.50 per cent, respectively. The Monetary Policy Board of the Central Bank of Sri Lanka arrived at this decision after carefully assessing the […]
- Demand for imports in Sri Lanka continues to remain subdued (Category: Breaking News)
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Central Bank decides to continue with tight monetary policy (Category: Breaking News)
The United National Party (UNP), led by President Ranil Wickremesinghe, has proposed a referendum to extend the terms of both the Sri Lankan President and Parliament by two years.The post UNP proposes referendum to Extend Presidential and Parliamentary terms by two years appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Referendum on prez poll not possible without 2/3 House majority (Category: Breaking News)
- SLPP shoots down proposal to postpone elections (Category: Breaking News)
- Democracy Is Founded On Elections: Lawyers Collective Condemns Range Bandara’s Statement (Category: Breaking News)
- Lawyers’ Collective condemns proposal for poll postponement (Category: Breaking News)
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) at 8.50 percent and the Standing Lending Facility Rate (SLFR) at 9.50 percent.The post Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Steady Hand (Category: Business)
- Unchanged (Category: Business)
- Monetary Policy (Category: Business)
- Policy Stance (Category: Business)
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 per cent and 9.50 per cent, respectively.
The plantation industry raised its strongest possible objections to the Government’s ”arbitrary, reckless, unilateral decision” to drastically hike minimum wages for tea and rubber sector workers by an unprecedented 70%. All producer stakeholders issued a unified warning against the devastating impact the latest increase will have on the plantation sector, leading crippling opera...
- No final decision on Rs. 1700 daily wage (Category: Breaking News)
- Government considers taking back loss making plantation companies (Category: Breaking News)
- Minister Jeevan warns plantation companies (Category: Breaking News)
- Minimum daily wage for plantation workers increased to Rs. 1,700 (Category: Breaking News)
The world economy had not recovered from the daunting impact of coronavirus, the geo-political headwinds such as Russia-Ukraine war impacted the recovery process in 2022 and before this war settled, Israel-Gaza conflict deepened the geo-politics and geo-political fragmentation. The geo-political disturbances and geo-political fragmentations caused price escalations in the international commodity p...
- Premier Kristina's all I and mighty (Category: AU, New South Wales)
- Lanka’s growth to contract by 7.6% in 2022 – ADB (Category: Breaking News)
- Be wary of geo politics - UNP (Category: Breaking News)
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
The announcement that India will overtake Japan in nominal gross domestic product in dollar terms in 2025 has shocked Tokyo. Until 2010, Japan had been home to the world’s undisputed second-largest economy, but it’s now on the brink of slipping to fifth place. In estimates released in late April, the International Monetary Fund indicated that […]
- Lankan economic conditions improving as expected - IMF (Category: Breaking News)
- 6.5% GDP growth for SL projected by IMF (Category: Breaking News)
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
- Economy grows by 3.5 percent (Category: Breaking News)
[…]The post Economic Stability With SOE Reforms Need System Change appeared first on Colombo Telegraph.
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
- NPP & Its Critics (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
A fake report about a new cyber heist in Bangladesh Bank (BB) has hit news headlines in some media outlets in Bangladesh and some foreign countries. News coverage about the latest false rumour on cyber heist blames officials of the central bank of Bangladesh and aims to malign the Bangladesh government. It may be recalled […]
- Colombo hosts inaugural SAARC ‘Public Debt Managers’ Forum 2012’ (Category: Business)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Sri Lanka’s Financial Intelligence Unit signs MOU with four other counterparts (Category: Breaking News)
- DEFAMATION BILL: Pakistani Government’s New Weapon To Silence Critics (Category: Breaking News)
The Sri Lankan Foreign Ministry, in a hard-hitting statement alleged yesterday that repeated statements by Canadian Prime Minister Justin Trudeau with regard to Sri Lanka are the outcome of electoral vote bank politics there, funded by a small number of Canadians of Sri Lankan origin with vested and personal interests. The Ministry alleged Premier Trudeau’s […]
- Contradictions by Canada on ‘genocide’ in Sri Lanka (Category: Breaking News)
- Genocide Day’ controversy : SL registers protest with Canadian HC (Category: Breaking News)
- Sri Lanka rejects Canadian Prime Minister’s genocide allegation (Category: Breaking News)
- Sabry hits out at Trudeau over India-Canada diplomatic row (Category: Breaking News)
By Sanath Nanayakkare The barriers to financial inclusion have been a longtime problem in Sri Lanka as financial literacy has thus far been the prerogative of only the nation’s affluent customers. However, eventually the Central Bank of Sri Lanka, 40 other national institutions, the public and private sector of the country along with the United […]
- Sri Lanka accelerates financial literacy drive amid scams (Category: Breaking News)
- Banking/Financial maestro no more (Category: Breaking News)
- FSP opposes move to make Central Bank of Sri Lanka independent of Parliament (Category: Breaking News)
- Commercial Bank joins Central Bank to promote financial literacy among SMEs (Category: Business)
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