@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
943 results found in 1688 ms
Page 12 of 32
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 […]
President Ranil Wickremesinghe is scheduled to make a special statement to the nation today (21) regarding the IMF Executive Board s approval for Sri Lanka s request for an extended arrangement under the Extended Fund Facility (EFF).
IMF s Asia Pacific Department s Senior Mission Chief for Sri Lanka, Peter Breuer and Mission Chief for Sri Lanka, Masahiro Nozaki are currently holding a virtual press briefing on the approved Extended Fund Facility (EFF) for the island nation.
The Sri Lanka Sub Aqua Club (SLSAC) – the oldest Dive Club in Sri Lanka, has partnered with ADEX Asia Dive Expo – the largest and longest-running dive consumer and trade show in Asia. ADEX Ocean Mission 2023 will be held from March 31 to April 2 at the Sands Expo and Convention Centre in […]
The United States has called on Sri Lanka to conclude debt restructuring agreements to ensure the IMF program and the economy stay on track. The US Ambassador to Sri Lanka Julie Chung welcomed the approval of Sri Lanka’s IMF package saying it was great news and an important step on the road towards economic recovery. […]
The Embassy of Switzerland to Sri Lanka and the Maldives together with the International Organization of la Francophonie will be hosting a theatrical performance of French and Swiss songs across three key cities in Sri Lanka with the view of celebrating Francophonie 2023, the annual celebration of the French language and Francophonie cultures with “Les […]
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 […]
Sri Lanka is fast creating a Viyathmaga II. When observing how various categories of professionals – teachers, musicians, artists, officers from armed forces, doctors …. are getting on a single stage, it reminds us how Viyathmaga was formed and what they did and finally how its choice carried the whole country towards disaster. Whatever happened […]
by Jehan Perera The government’s plans for reviving the economy show signs of working out for the time being. The long-awaited IMF loan is about to be granted. This would enable the government to access other loans to tide over the current economic difficulties. The challenge will be to ensure that both the old loans […]
Tuesday 21st March, 2023 Sri Lanka finds itself in a distressingly unprecedented and unenviable situation. All three tiers of government—Parliament, the Provincial Councils and the local government institutions—are now under the Executive President indefinitely thanks to the postponement of the Provincial Council and local government elections. President Ranil Wickremesinghe is the head of governm...
By Dr Upul Wijayawardhana The malign influence of casteism was well explained in the editorial, “Canker of clientelism” (The Island, 14 March) wherein it was stated: “Caste-based politics has stood many crooks in good stead, and led to the presence of so many semi-literate politicians in Parliament, which has control over public finance. Some of […]
The Bar Council of England and Wales has urged the Sri Lankan government not to undermine the independence of the judiciary. It has, in a media statement, said it is hopeful that the parliamentary authorities, in Sri Lanka, will reconsider “most carefully” the appropriateness of questioning Supreme Court judges before a parliamentary committee. The text of […]
Significant human rights abuses were recorded in Sri Lanka in 2022, the US State Department said in its annual Country Reports on Human Rights Practices released by US Secretary of State Antony J. Blinken. The 2022 Country Reports on Human Rights Practices noted there were reports that members of the security forces, primarily police, committed […]
The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF). The program will allow Sri Lanka to access financing of up to US$ 7 billion from the IMF, International Financial Institutions (IFIs) and multilateral organizations. This is a historic milestone for the country […]
SRI LANKA RECEIVES IMF EXECUTIVE BOARD APPROVAL FOR THE EXTENDED FUND FACILITY (EFF) ARRANGEMENT
The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF).The post Sri Lanka receives IMF approval for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says ongoing efforts to tackle corruption in Sri Lanka should continue, including revamping anti-corruption legislation. She also said that a more comprehensive anti-corruption reform agenda should be guided by the ongoing IMF governance diagnostic mission that conducts an assessment of Sri Lanka’s anti-corruption and governa...
The decision by the Executive Board of the International Monetary Fund (IMF) to approve a bailout package for Sri Lanka will enable an immediate disbursement of US$333 million and catalyze financial support from other development partners, the IMF said. The Executive Board of the IMF approved a 48 month extended arrangement under the Extended Fund […]
President Ranil Wickremesinghe is to address the nation tomorrow (Tuesday), State Minister of Finance Shehan Semasinghe said. The State Minister said that that the background required to obtain the approval was prepared with the patience and trust of the people of the country, as well as the unpopular but necessary reforms in the country that […]
The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced.
The Executive Board of the International Monetary Fund (IMF) has approved a bailout package for Sri Lanka. President Ranil Wickremesinghe welcomed the announcement that the IMF Executive Board, which met today, had approved the Extended Fund Facility for Sri Lanka. The program approved by the IMF will allow Sri Lanka to access financing of up […]
The Executive Board of the International Monetary Fund (IMF) has approved the Extended Fund Facility to Sri Lanka at its board meeting held today, according to State Minister of Finance Shehan Semasinghe.
The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board.
The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to file criminal cases against three pyramid-type prohibited schemes operating in the country as those schemes are acting contrary to the Section 83C of the Banking Act.The post Central Bank of Sri Lanka warns general public over pyramid-type schemes in Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout.
The decision to free former MP Duminda Silva, who was convicted of murder, was challenged in court today. The Supreme Court heard the case today pertaining to the Fundamental Rights (FR) petitions filed against the Presidential pardon granted to Duminda Silva. The petitions were filed by Sumana Premachandra, Hirunika Premachandra, and former Commissioner of the […]
The Government has decided to sell its shares in Sri Lanka Telecom PLC (SLT) and Lanka Hospitals PLC. The Secretary to the Treasury informed the two state owned companies that the Cabinet of Ministers has granted approval in principle for the divestment of the stakes held by the Government in the two companies. Sri Lanka […]
The Secretary to the Treasury has informed the Board of Directors of Sri Lanka Telecom PLC (SLT) and Lanka Hospitals PLC that the Cabinet of Ministers has granted approval in principle for the divestment of the stakes held by the Treasury Secretary in the two companies.
The Central Bank of Sri Lanka (CBSL) is to take legal action on pyramid-type schemes operating in Sri Lanka. CBSL has requested the Attorney General to take steps to file legal action against such schemes. The CBSL has launched an investigation into Fast 3Cycle International (Pvt) Ltd (F3C), Sport Chain App, Sports Chain ZS Society […]