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The International Monetary Fund (IMF) has noted progress in Sri Lanka’s economic reforms program. An IMF mission team led by Messrs. Peter Breuer and Masahiro Nozaki visited Colombo from June 20 to 30, 2022 to discuss IMF support for Sri Lanka and the authorities’ comprehensive economic reform program. Ms. Anne-Marie Gulde-Wolf, Deputy Director of the […]
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
- IMF seeks stability to resume talks with Sri Lanka (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- IMF decides to support Sri Lanka overcome economic crisis (Category: Breaking News)
No staff level agreement yet, creditor assurances needed
- IMF notes progress in Sri Lanka’s economic reforms program (Category: Breaking News)
- IMF staff plans to visit Sri Lanka August 24-31 (Category: Breaking News)
- IMF agreement with Sri Lanka must depend on key conditions: US senate committee (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
Worst crisis in modern times
- Sri Lanka dreams of dollarized tourism Macau in Mannar (Category: Breaking News)
- Sri Lanka railways seek forex from scrap metal amid currency crisis (Category: Breaking News)
- Sri Lanka inflation tops 60-pct in July 2022 after money printing (Category: Breaking News)
- Sri Lanka seeks loan from Qatar to import oil amid soft-peg instability (Category: Breaking News)
[…]The post Mission Impossible appeared first on Colombo Telegraph.
- Need For An Agreement With The Citizens For A Stable Political Future (Category: Breaking News)
- The Galle Face Struggle & Its Importance (Category: Breaking News)
- It’s Time To Untether The Kite! (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
- Perils of Chinese Investment in Sri Lanka (Category: Breaking News)
- Chinese state-owned firm to build major Sri Lanka port complex (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
Dhammika Perera has been backing successive government and held posts in some while running his businesses
- Cooperative sector contributes immensely to Sri Lanka per capita income - President (Category: Breaking News)
- Sri Lanka s dollar crisis reason behind tax increases  Dhammika Perera (Category: Breaking News)
- Former Sri Lanka BOI chairman appointed as Transport Secretary (Category: Breaking News)
- Sri Lanka shares fall for 2nd week; political, economic woes dent sentiment despite Perera’s boost (Category: Breaking News)
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
- UK in talks with Paris Club on Sri Lanka issue (Category: Breaking News)
- UK calls for inclusive approach to resolve crisis in Sri Lanka (Category: Breaking News)
- Maldives Speaker to coordinate relief assistance for Sri Lanka (Category: Breaking News)
- Boris Johnson speaks to Ranil about Putin’s barbaric invasion (Category: Breaking News)
The main stock index has fallen 4.4$% in the last two sessions.
- Bunker Business (Category: Business)
- VIDEO: Govt. should be ashamed of raising fuel price (Category: Breaking News)
- Sri Lankan government not to increase fuel prices in line with international prices (Category: Breaking News)
- Tablet Rise (Category: Business)
[…]The post Schizophrenia In The Political Mind Of Sri Lanka appeared first on Colombo Telegraph.
- Two Big Lies Told About The 1978 Constitution (Category: Breaking News)
- A Simple Way Out Of The Constitutional Trap (Category: Breaking News)
- The Proposed Anti-Terrorism Bill Amounts To A Parallel Constitution & A Criminal Procedure Code (Category: Breaking News)
- The Republic That Fears The Independence Of The Judiciary Even More Than Terrorism (Category: Breaking News)
Agriculture contracted 6.8 percent, industry shrank 4.7 percent but service grew 0.7 percent
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
- Sri Lanka jet fuel shortages costing SriLankan Airlines US$7mmn a month (Category: Breaking News)
- Sri Lanka invites capable companies to supply aviation fuel (Category: Breaking News)
- Sri Lanka relaxing CPC monopoly to end aviation fuel crunch: Minister (Category: Breaking News)
- Flight Capital (Category: Business)
The Bar Association of Sri Lanka (BASL) has accused the authorities of misleading the public on the fuel supply. BASL noted that the Minister of Power and Energy held a press conference on 26th June 2022 and the information revealed at this press conference made it clear that the public have been kept in the […]
- Court orders report on fuel purchases, distribution (Category: Breaking News)
- Only limited amount of petrol available till 23rd June (Category: Breaking News)
- Remaining petrol reserves insufficient to meet needs (Category: Breaking News)
- US seeks probe on excessive use of force at fuel stations (Category: Breaking News)
[…]The post As Our Economy Collapses, Going Green With Solar Energy & Ovens: It Is Fun & The Future appeared first on Colombo Telegraph.
- Thousands flee after dam in Ukraine collapses (Category: Breaking News)
- When God Wants To Judge A Nation, He Gives Them Wicked Rulers: Our Government & Tamils Should Ta... (Category: Breaking News)
- When God Wants To Judge A Nation, He Gives Them Wicked Rulers: Our Government & Tamils Should Ta... (Category: Breaking News)
- Tamils Come Second In IMF Considerations: Navy & Royalist Mafia Party On Tamil Property (Category: Breaking News)
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
- Beyond Ousting The Shamed ‘Suhartos’ Of Sri Lanka! (Category: Breaking News)
- People’s Power Under Siege Within Sri Lanka’s ‘Demo-Crazy’! (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
[…]The post Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work appeared first on Colombo Telegraph.
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Child’s Guide To Foreign Borrowings: Are They An Evil Or Not? (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)
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
- Sri Lanka allocates 1.9 billion rupees a month to provide relief from high fuel prices (Category: Breaking News)
- Only essential services eligible to obtain fuel from midnight today (June 27) (Category: Breaking News)
- AG ordered to submit proper fuel distribution mechanism for essential services (Category: Breaking News)
- Metre taxis to charge Rs.2 more from 2nd km onwards (Category: Breaking News)
[…]The post Ranil As PM Till 2025, Opposition Disappears, No End In Sight For Queuing Trauma appeared first on Colombo Telegraph.
- President At Last – Still Acting Up & Militarily As Well (Category: Breaking News)
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
- The Aragalaya & Morality (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Unarmed but not peaceful (Category: Breaking News)
[…]The post Crisis Deepens Without Rescue Plan appeared first on Colombo Telegraph.
- Could A ‘National Government’ Resolve The Crisis? (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
The visitors will meet with a wide range of political representatives, economists, and international organizations
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
"There is no way we can go ahead with the current public sector. The ideal size is 500,000."
- Committee to study possibility of granting 5 years leave to govt employees to work in private se... (Category: Breaking News)
- Sri Lanka Telecom unveils Abhimaana broadband (Category: Breaking News)
- 5 years leave for Sri Lankan government employees to work in private sector (Category: Breaking News)
- Leave for Public sector (Category: Breaking News)
Views of Milton Friedman, Robert Mundel and how John Greenwood and Alan Walters set up the Hong Kong currency board
- Milton Friedman’s views on currency boards explained by Hanke amid Sri Lanka soft-peg crisis (Category: Breaking News)
- Sri Lanka continues to soft-peg in May intervening in both directions (Category: Breaking News)
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
- Sri Lanka 3-month Treasuries yield up 107bp, not all offered bills sold (Category: Breaking News)
- Sri Lanka’s Commercial Bank profits up 73-oct in March 2022 quarter (Category: Breaking News)
- Sri Lanka rejects bids for 2025 bonds, some 2029 bonds sold (Category: Breaking News)
- Sri Lanka Treasuries auction fails over re-structuring fears (Category: Breaking News)
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim of the Government is to hold discussions […]
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka PM wants opposition to call off boycott to proceed with 21A (Category: Breaking News)
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
- Sri Lanka constitutional reforms won’t be in effect till next parliament: opposition leader (Category: Breaking News)
- Sri Lanka justice minister calls for opposition support for his 21st amendment (Category: Breaking News)
- Sri Lanka PM must present fiscal consolidation plan, go for SOE reform: opposition MP (Category: Breaking News)
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
- Lanka-Arab Relations (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- What Next For Aragalaya? (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
[…]The post What The President Can Do Before He Goes appeared first on Colombo Telegraph.
- Enlightened Leadership To Overcome Challenges (Category: Breaking News)
- Reconciliation Also Needs Accountability To Be Viable (Category: Breaking News)
- Choice Of Elections Or Abolition Of Presidency (Category: Breaking News)
- Getting Nearer To Solution As Options Narrow (Category: Breaking News)
Sri Lanka is now printing money to pay state worker salaries, despite forex shortages
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
- Sri Lanka tax hikes must be complemented by spending rationalization: Eran (Category: Breaking News)
- Sri Lanka ‘s Inland Revenue collections top 60-pct of 2022 target by Aug: Minister (Category: Breaking News)
- Sri Lanka cabinet approves 2.5-pct turnover tax (Category: Breaking News)
[…]The post Two Big Lies Told About The 1978 Constitution appeared first on Colombo Telegraph.
- Schizophrenia In The Political Mind Of Sri Lanka (Category: Breaking News)
- Lord Of The Flies Sri Lankan version: Strange experiment: Making A Good Society Through Bad Laws (Category: Breaking News)
- The Proposed Anti-Terrorism Bill Amounts To A Parallel Constitution & A Criminal Procedure Code (Category: Breaking News)
- A Simple Way Out Of The Constitutional Trap (Category: Breaking News)
O’Neil had also explained her administration's policy regarding maritime security and human smuggling, it said.
- Sri Lanka sees more people seeking risky boat journey to Australia despite deterrents (Category: Breaking News)
- Sri Lanka cabinet to discuss 21st amendment to constitution on May 16 (Category: Breaking News)
- Sri Lankan-Australians refuse to send money to struggling friends and family (Category: Breaking News)
- Australia to work with India to provide fuel to Sri Lanka’s navy, air force (Category: Breaking News)
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