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by Neville Ladduwahetty During the course of his address, as Chair of the 55th Annual meeting of the Asian Development Bank, Sri Lanka’s President, Ranil Wickremesinghe, said, “As they say, in many of our countries, when the elephants fight, it is the grass that is crushed”. As far as Sri Lanka is concerned, its strategically […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- IMF chief says debt situation in Sri Lanka no longer sustainable (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
- Sri Lanka has asked to be de-gradudated to get IDA loans from World Bank (Category: Breaking News)
- Sri Lankan President proposes ADB to establish International University on Climate Change in Sri... (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
- Proposal for Sri Lanka to downgrade itself to low-income country (Category: Breaking News)
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia’s invasion of Ukraine.The post World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
- World Bank and IMF warn of risks of global recession (Category: Breaking News)
- IMF chief Georgieva cites ‘fruitful exchange’ with China on debt issues (Category: Breaking News)
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
- Global economy faces tougher year in 2023, IMF chief warns (Category: Breaking News)
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks with China appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
[…]The post Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? appeared first on Colombo Telegraph.
- Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Are Providers Of Information Under RTI Cognizant Of Their Obligations? (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively.The post Central Bank of Sri Lanka maintains policy interest rates unchanged appeared first on Sri Lanka N...
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
A high probability that inflation will peak around 75-pct and start to fall
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
- Central Bank of Sri Lanka expects economic recovery in 2023 (Category: Breaking News)
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
- Sri Lanka’s Central Bank to hold rates as inflation stays high (Category: Breaking News)
[…]The post Politics Of Protests appeared first on Colombo Telegraph.
- Battle over proposed power tariff intensifies as PUCSL Chief rejects NC deadline (Category: Breaking News)
- Nepal: Crisis deepens, Maoists to discard election if NC leads Govt (Category: Business)
- Governors from across the South heading to NC (Category: USA, South Carolina)
- Armed man held after arrest as Obama leaves NC (Category: USA, South Carolina)
[…]The post Give Amnesty To Protestors As Next Step appeared first on Colombo Telegraph.
- Reliance On Repression Will Worsen Current Crisis (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
- Human Rights Protection Requires More Inclusive Approach (Category: Breaking News)
- Dimming Prospects Of International Assistance As Confidence In Erodes (Category: Breaking News)
By Jehan Perera None too soon, President Ranil Wickremesinghe appears to be putting the brakes on the government’s policy of repression in dealing with public protests. His decision to initially sign the Gazette notification declaring key areas of Colombo to be High Security Zones was roundly criticised by human rights organisations including the Human Rights […]
- UNHRC resolution is consequence of governance failure (Category: Breaking News)
- Give Amnesty To Protestors As Next Step (Category: Breaking News)
- As UN General Assembly Convenes, Leading Senators Unveil Resolution Urging International Coopera... (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
- Human rights compliant recovery measures critical to stop spiraling hunger, poverty in Sri Lanka... (Category: Breaking News)
- Sri Lanka urged to ensure adequate nutrition for all pregnant, breastfeeding women (Category: Breaking News)
- AI: Lanka at brink of humanitarian crisis (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
Petrol is the cheapest fuel to import. Kerosene is usually the most expensive.
- Price Balance (Category: Business)
- Sri Lanka cuts diesel to Rs430 a litre, petrol at Rs450 (Category: Breaking News)
- Sri Lanka’s Ceypetco raises fuel price to record high in line with pricing formula – Minister (Category: Breaking News)
- Sri Lanka revises fuel prices; Petrol price reduce by Rs.20 (Category: Breaking News)
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges to record, keeps central bank pressured appeared first on Sri Lanka News - Latest Breaking News in Sri...
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “The Ukraine war on one side and the US-China rivalry, […]
- A Sri Lankan initiative to meet global challenges (Category: Breaking News)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Chinese Ambassador outlines numerous benefits reaped by Sri Lanka from BRI (Category: Breaking News)
- Milinda blames halfhearted economic reforms over the years for current crisis (Category: Breaking News)
We need to show that an airline can be run well when privatized
- Cargo Carrier (Category: Business)
- Who ran down the roo? (Category: Australia, Queensland)
- My Sri Lanka, Thursday, November 10 (Category: Breaking News)
- New Board (Category: Business)
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]
- Sri Lanka will be secured if India is secured - Gopal Baglay (Category: Breaking News)
- India hoping for early solution for Sri Lankan crisis through democratic means (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- U.S. announces additional $5.75 Mn in response to Sri Lanka s economic crisis (Category: Breaking News)
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring negotiations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka securing a […]
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Sri Lanka’s Chinese-built Lotus Tower limits visiter time to 20 minutes (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
A meeting was held with the minister and other stakeholders on September 06
- FAO to provide Urea, cash for crisis-hit Sri Lankan small-hold farmers (Category: Breaking News)
- World Bank to grant $110 mln loan to crisis-hit Sri Lanka for fertilizer import – Minister (Category: Breaking News)
- Sri Lanka must rebuild agriculture sector immediately to prevent food shortages: PM (Category: Breaking News)
- European Union donates 3,820 tonnes of urea fertilizer to Sri Lanka’s paddy farmers (Category: Breaking News)
Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.The post Sri Lanka set to begin talks to restructure debt of $30 Billion appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.The post Sri Lanka inflation rate surges to 70.2% in August appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka consumer inflation hits record 73.7% in September (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- NCPI based headline inflation recorded at 70.2% on year-on-year basis in August 2022 (Category: Breaking News)
- Sri Lanka President’s robust economic development program leads to 62.1% drop in inflation – Min... (Category: Breaking News)
Critics of the party have claimed that the party is trying to quietly sow public scepticism about the deal
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- Exotic Appetites (Category: Business)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- Sri Lanka crisis would deepen if creditors disagree, IMF says amid China concerns (Category: Breaking News)
[…]The post How We Came To This Pass – On The “Non-Rule Of Law System” appeared first on Colombo Telegraph.
- How We Came To This Pass: A Quest For Scapegoats (Category: Breaking News)
- How We Came To This Pass – The Aragalaya Challenge (Category: Breaking News)
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
Investor sentiment has turned buoyant after IMF comments
- Sri Lanka’s NTB profits down 12-pct in March quarter (Category: Breaking News)
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka sell Rs60bn mostly in 3-month bills, yield up (Category: Breaking News)
- Sri Lanka debt office raises 21 pct of required debt via T-bills (Category: Breaking News)
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.The post Sri Lanka’s economy shrinks 8.4
- Worker remittance income up in August amid Government incentives (Category: Breaking News)
- Sri Lanka economy shrinks 8.4-pct in 2Q amid currency crisis (Category: Breaking News)
- Schools closed in Sri Lanka amid adverse weather (Category: Breaking News)
- Sri Lanka President urges unity to safeguard economic stability amid IMF deal (Category: Breaking News)
Shares have been on the rise mainly on positive sentiment after the IMF comments.
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
- Sri Lanka sell Rs60bn mostly in 3-month bills, yield up (Category: Breaking News)
- Sri Lanka debt office raises 21 pct of required debt via T-bills (Category: Breaking News)
- Sri Lanka Bairaha Farm’s profit soars over 200% on rising chicken price (Category: Breaking News)
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