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Sri Lanka’s Ministry of Finance, Economic Stabilization and National Policies says the proposed homeowners tax will target high wealth individuals and not average income earners. The Ministry of Finance says the objective will be achieved by a suitable tax-free threshold to ensure that the tax is targeted on very high value property or multiple properties […]
Sri Lanka s Ministry of Finance, Economic Stabilization and National Policies states that the recent publication of the International Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make reference to a proposed property tax is to be implemented as an imputed
Former Speaker and the National Movement of Social Justice (NMSJ) Chairperson Karu Jayasuriya, yesterday stressed the critical importance of effectively utilising the third tranche of the International Monetary Fund (IMF) bailout package. Jayasuriya has, in a media statement, said steps
Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make […]
The opposition Samagi Jana Balawegaya (SJB) says it will not agree to the homeowners tax proposed by the International Monetary Fund (IMF). SJB MP Dr. Harsha De Silva says the homeowners tax is unfair and must not be implemented. The MP said the IMF has already indicated it is prepared
Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka
The US Ambassador in Colombo Julie Chung says that the United States welcomes the International Monetary Fund s (IMF) approval of Sri Lanka s second review of the Extended Fund Facility (EFF) programme.
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News &
The International Monetary Fund (IMF) announced today (June 14) that Sri Lankan authorities have formulated an initial roadmap to relax restrictions on motor vehicle imports by 2025.The post IMF reports Sri Lanka’s roadmap to relax motor vehicle import restrictions by 2025 appeared
On June 10, the Sri Lanka Foundation Institute hosted a significant seminar titled, "Is There Another Way? Debt Restructuring, IMF and the Future of Sri Lanka"The post Is There Another Way? Debt Restructuring, IMF and Future of Sri Lanka appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
SriLankan Airline CEO Richard Nuttall said that the government is on its way to privatize several state-owned enterprises as part of the International Monetary Fund (IMF) program and one of those is the flag carrier of the island nation.The post Privatization of SriLankan Airlines Part of IMF
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared
The former Sri Lankan Permanent Representative to the United Nations in Geneva, Dr. Dayan Jayatilleka says that Sri Lanka could have struck a better deal with the International Monetary Fund (IMF), if the island nation went to the international lender as a bipartite team consisting
The International Monetary Fund (IMF) says that there is sufficient progress for Sri Lanka s Debt Restructuring process to move forward.
SriLankan Airlines CEO Richard Nuttall has declared that the Wickremesinghe-Rajapaksa government intends to privatise several state-owned enterprises, including SriLankan as part of the International Monetary Fund (IMF) programme. Asian News International quoted Nuttall as having said on Wednesday
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
State Minister of Finance Shehan Semasinghe expressed gratitude to the International Monetary Fund (IMF) Board Members, Management and Mission Team for the unwavering and dedicated support extended to Sri Lanka following the approval of the second review of the EFF programme.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million).
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million
The Executive Board of the International Monetary Fund (IMF) has approved Sri Lanka s second review under the Extended Fund Facility (EFF) programme, paving the way for the country to receive the third tranche of around USD 330 million, Sri Lanka s Foreign Minister Ali Sabry said.
The Central Bank of Sri Lanka (CBSL) has expressed confidence that the International Monetary Fund (IMF) will approve the release of the third tranche under the Extended Fund Facility (EFF) programme today (12).
Sri Lanka s State Minister of Finance Shehan Semasinghe says today (June 12) marks a significant milestone for Sri Lanka s economy as the International Monetary Fund s executive board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.
Negotiations for the third tranche of the International Monetary Fund (IMF) loan to Sri Lanka are scheduled to commence tomorrow (June 12).The post IMF third tranche negotiations for Sri Lanka begin tomorrow appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena stressed the necessity of adhering to the loan agreements with the International Monetary Fund (IMF) irrespective of who is in power in Sri Lanka. He also said that parties aspiring to clinch state power have an obligation
[…]The post Voice Of The Voiceless appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front
Transparency International Sri Lanka (TISL) filed legal action on June 5 in the Supreme Court challenging the Public Financial Management Bill, highlighting concerns related to public procurement.The petition (SC SD 77/2024) points out that Clause 32 of the Bill seriously weakens the controls on public procurement, thereby enhancing the corruption risk and weakening the level […]
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,”