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China s Foreign Ministry on Wednesday called on all related parties, in particular Western commercial creditors and multilateral financial institutions, to make contributions to alleviating the debt pressure of developing countries amid the tightening international financial environment.
[…]The post The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri Lanka appeared first on Colombo Telegraph.
The export-oriented design development program ÂCrafting Ceylon organized by the National Craft Council with the aim of providing foreign market opportunities for the products of Sri Lankan handicraftsmen, was inaugurated today (March 23).
A special discussion was held yesterday (March 22) under the patronage of the opposition leader Sajith Premadasa, with foreign envoys including ambassadors representing 12 countries and the leaders of the opposition parties.
[…]The post Andrew Sujeevan, Anglican Johnian Punished By A Corrupt Theocratic Church appeared first on Colombo Telegraph.
The Sri Lanka Navy detained 12 Indian fishermen for poaching in Sri Lankan waters off Analaitivu and Kovilan in Jaffna. The Navy said that it conducted a special operation to chase away Indian trawlers from Sri Lankan waters this morning (23rd March 2023). The operation led to the Navy detaining 02 Indian trawlers with 12 […]
The Opposition Samagi Jana Balawegaya (SJB) today denied allegations linked to its talks with foreign diplomats based in Colombo. SJB Leader Sajith Premadasa denied claims that the SJB had attempted to block the loan from the International Monetary Fund (IMF) to Sri Lanka. He said the SJB, however, did assert at its meetings with the […]
Thimphu [Bhutan], March 15 (ANI): Indian Space Research Organisation (ISRO) chairman S Somnath, Bhutan’s Foreign Minister Lyonpo Tandi Dorji, Bhutan’s Minister for Information and Communication Lyonpo Karma Donnen Wangdi and Ambassador of India to Bhutan Sudhakar Dalela inaugurated a Ground-Earth station for the India-Bhutan satellite in Thimphu, The Bhutan Live reported. Indian Embassy in Bhutan ...
Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil Wickremesinghe said on Wednesday, adding that the debt-stricken nation has started to receive funds from the International Monetary Fund.The post Sri Lanka to start next round of talks with creditors in April appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Five Sri Lankan Tamil asylum seekers who attempted suicide on the British-held Indian Ocean island of Diego Garcia have been sent to Rwanda for medical treatment, The New Humanitarian has learned. The news follows a recent backlash against the British government’s immigration deterrence policies and a scandal that involved 200 unaccompanied minors who went missing […]
[…]The post Calibrating The Time & Mode Of Elections appeared first on Colombo Telegraph.
Technical Certificates of Completion for 64 out of 74 plots of the Port City Colombo SEZ have been received by the Commission, a Colombo Port City Economic Commission semi-annual progress report for FY 2022 notes. A press release by the Commssion said: ‘The Colombo Port City Economic Commission (the Commission), the Single Window Investment Facilitator […]
President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the agreement with the International Monetary Fund (IMF). The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better […]
The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 22), according to the Central Bank of Sri Lanka.The post Sri Lankan Rupee appreciates further against U.S. Dollar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Central Bank of Sri Lanka (CBSL) announced the official US Dollar exchange rates for today (March 22).
Washington [US], March 15 (ANI): China understands the benefits of space cooperation, but ultimately seeks to use it as a means of supporting Beijing’s larger political and diplomatic goals of making China more respected and influential, reported Channel News Asia (CNA). As the director general of China’s Manned Space Agency put it: “We hope to […]
Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.The post IMF Deal will cut Sri Lanka borrowing costs, Central Bank Chief says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka has been listed among countries in Asia seen as expensive for business travellers. The latest Daily Rates research published by ECA International found that climbing inflation rates in many locations have contributed to significant increases in business travel costs in local currency terms, with costs rising the most in countries such as Sri […]
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
• The IMF Board approved a 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 2.286 billion (about US$3 billion) to support Sri Lanka’s economic policies and reforms. • The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock […]
The Pacific Asia Travel Association (PATA) Sri Lanka Chapter recently hosted their Nepalese counterparts as a part of PATA’s drive to improve cross-Chapter exposure and communication. The visit aimed to strengthen bilateral relationships between the two countries’ tourism sectors and explore avenues where Sri Lanka and Nepal can join hands in developing travel and tourism […]
President Ranil Wickremesinghe says Sri Lanka is no longer bankrupt after the International Monetary Fund (IMF) approved a loan facility for the country. Making a special statement, President Wickremesinghe said that the approval of the IMF facility for Sri Lanka signals an end of Sri Lanka’s bankruptcy status. President Ranil Wickremesinghe emphasised that Sri Lanka […]
A Sri Lankan delegation comprising of Minister of Justice Wijeyadasa Rajapakshe and Minister of Foreign Affairs Ali Sabry have left for South Africa this morning (March 21).
Sri Lanka President Ranil Wickremesinghe emphasised that Sri Lanka is no longer considered as a bankrupt country by the world.The post Sri Lanka can no longer be considered a bankrupt country – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Central Bank of Sri Lanka (CBSL) has announced the official US dollar exchange rates for Tuesday (March 21). more..
The International Monetary Fund (IMF) has emphasised the importance of anti-corruption and governance reforms as a central pillar of the EFF-supported program as they are indispensable to ensure the hard-won gains from the reforms benefit the Sri Lankan people.The post Anti-Corruption & Governance reforms are critical – IMF appeared first on Sri Lanka News - Latest Breaking News in Sri ...
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday (March 20) on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.The post Sri Lanka seeks 10-year debt moratorium appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is expected to receive the first tranche of funds from the International Monetary Fund (IMF) in 2 days, Peter Breuer, Chief of the Debt Capital Markets Division, Monetary and Capital Market Department at the IMF said. The IMF also said that it will continue to monitor Sri Lanka’s economic policies over the next […]
By Hiran H.Senewiratne The CSE will be able to maintain its growth momentum with IMF bailout prospects brightening this week. Consequently, foreign inflows to the CSE will improve in the future, Head-Market Development, CSE, Niroshan Wijesundara said. “To date the CSE has been able to register a 14 per cent growth and with the IMF […]
Ambassador Julie Chung announced yesterday the recent arrival of 770 metric tons (MT) of fortified rice and 100 MT of fortified vegetable oil through the U.S. Department of Agriculture (USDA) Foreign Agricultural Service (FAS) “McGovern-Dole Food for Education Program.” Since 2021, USDA food aid has provided protein supplements using yellow split peas and Alaskan pink […]