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Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country s Âdollar crisis is over, as the International Monetary Fund (IMF) is set to approve a 2.9 billion U.S. dollar bailout package for the country on Monday.
Sri Lanka is counting the minutes to Monday, when the International Monetary Fund s executive board is expected to approve a $2.9 billion bailout for the bankrupt island nation.
Opposition Leader Sajith Premadasa said on Saturday (March 18) that he wished to become a pilot if he didn’t venture into politics.The post “I would have been a pilot now if i did not venture into politics” – Sajith Premadasa appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
State Minister of Finance Ranjith Siyambalapitiya has stated that the agreements made between the International Monetary Fund (IMF) and Sri Lanka thus far, will be presented in Parliament next week.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva will travel to China from March 24 to March 30, IMF sources told Reuters on Friday.The post IMF’s Georgieva to travel to China at end of March – IMF sources appeared first on Sri Lanka News - Latest Breaking News
By Sanath Nanayakkare in India Sri Lanka’s economic recovery process will gather momentum after the International Monetary Fund (IMF) grants an extended fund facility of USD 2.9 billion dollars, says Puneet Agrawal, Joint Secretary, Indian Ocean Region.Agrawala said so, addressing several Sri
Sri Lanka will introduce new central bank legislation aimed at bolstering the bank's independence, accountability and also price stability in the country via a new inflation target, its governor Nandalal Weerasinghe said on Thursday.The post Sri Lanka to introduce new central bank law, inflation target appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post The NPP Factor: Rise Of Left-Wing Populism In Sri Lanka appeared first on Colombo Telegraph.
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Public employees at Sri Lanka's ports, hospitals, schools, and railways went on strike on Wednesday to protest against high costs of living as the country struggles to recover from a severe financial crisis.The post Sri Lanka’s public workers strike to press for lower taxes, power bills appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Shamindra Ferdinando President Ranil Wickremesinghe, who is also the Finance Minister, recently named three persons – all women -whose intervention supposedly brought relief to bankrupt Sri Lanka. UNP leader Wickremesinghe paid glowing tributes to Indian Finance and Corporate Affairs Minister Nirmala Sitharaman, US Secretary of State Janet Yellen, and IMF Managing Director and Chairman [&...
In an open letter to Sri Lanka s official bilateral creditors and the Paris Club creditors, President Ranil Wickremesinghe has requested to foster necessary coordination for the International Monetary Fund (IMF) supported programme.
China’s Sinopec has offered to fully finance the construction of a refinery in Hambantota, the President’s Media Division said. During a discussion with representatives of the Sinopec Group held at the Presidential Secretariat this morning (13), President Ranil Wickremesinghe said that the Government has taken a principled decision to expand the distribution of fuel which […]
Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly.The post Sri Lanka Government decided to expand fuel distribution appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Around USD 500 million entered the market within a period of seven days, the Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said.The post USD 500 million entered the market in seven days – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
India extend its assistance to Sri Lanka without waiting on others During a recent visit by the Indian External Affairs Minister Dr. Jai Shankar to Sri Lanka, Foreign Minister Ali Sabri expressed his deep appreciation and gratitude to India on behalf of President Ranil Wickremesinghe and the government and people of Sri Lanka, for assisting […]
By SHIHAR ANEEZ Sri Lanka expects to present an anti-corruption bill to the parliament in coming days, Cabinet Spokesman said, as the island nation has been urged by the International Monetary Fund (IMF) to reduce corruption. The IMF has urged Sri Lanka to reduce corruption vulnerabilities
[…]The post IMF & LG Elections: Presidential Machinations & Opposition Myopia appeared first on Colombo Telegraph.
By Shamindra Ferdinando The US embassy declined to comment on Pivithuru Hela Urumaya (PHU) leader and Parliamentarian Udaya Gammanpila’s declaration of CIA Director William Joseph Burns top secret visit to Colombo on Feb. 14. The Island raised this issue with the US embassy spokesperson twice on 15 Feb. and 06 March. On both occasions, the […]
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions. “We are optimistic that Sri Lanka will be able
Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation's central bank governor told Reuters.The post Sri Lanka to announce debt restructuring strategy
The International Monetary Fund s anticipated endorsement of Sri Lanka s reforms and debt restructuring is expected to unlock funding of about 220 billion yen ($1.6 billion) for projects suspended by Japan, people familiar with the matter said.
Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the country s central bank governor told Reuters on Thursday.
Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation’s Central Bank Governor told Reuters. The crisis-hit island has secured financing
China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.The post Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain appeared first on Sri Lanka News - Latest Breakin...
Sri Lanka s rupee, which became the world s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions.
The World Bank is to push for critical reforms in Sri Lanka to get the economy back on track. World Bank Vice President for South Asia, Martin Raiser, said that the World Bank welcomes the progress on international debt relief for Sri Lanka. “The World Bank will continue supporting the implementation of critical reforms to get […]
The International Monetary Fund (IMF) on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout.The post IMF board poised to approve $2.9 billion Sri Lanka