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[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
By HIMAL KOTELAWALA ECONOMYNEXT – If Sri Lanka allows elections to distract from the path of recovery, stabilization and growth, the country will be hit by a fresh crisis far worse than any before, former central bank governor Indrajit Coomaraswamy said. Speaking at a forum organized by Cal, a Colombo-based investment banking group, Coomaraswamy said […]
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
[…]The post What If Public Net Worth Is Negative, And Worse, If It Is Not Known? appeared first on Colombo Telegraph.
[…]The post Target 2048 – Economic Democracy Principles Should Be Followed To The Letter appeared first on Colombo Telegraph.
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
Despite heavy taxes and increased tax collection, the government budget deficit for the period end May 2023 has increased to Rs. 1,015 billion which is 59% increase against 2022 end May figures. (See table) Another negative feature is that due to heavy taxes and very high bank interest rates, the economy has not grown and […]
[…]The post Target 2048 – Private Sector Should Not Just Sit Aloof appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
ECONOMYNEXT –Australian firms are interested in investing in Sri Lanka, particularly in resource sector, but a more conducive investment environment is needed, High Commissioner Paul Stevens said. Sri Lanka is looking to foreign direct investment as a factor in taking the country out of an economic crises triggered by excessive deployment of ‘macro-economic policy’ involving […]
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]
[…]The post DDR & The Moral-Cum-Political Question appeared first on Colombo Telegraph.
[…]The post Good Governance & Economic Development – Part II appeared first on Colombo Telegraph.
[…]The post Good Governance & Economic Development appeared first on Colombo Telegraph.
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
[…]The post Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices appeared first on Colombo Telegraph.
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century appeared first on Colombo Telegraph.
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
[…]The post Is State Owned Temasek A Useful Concept For Sri Lanka? appeared first on Colombo Telegraph.
Friday 21st April, 2023 Parliament is going to debate the government’s agreement with the IMF, which has approved USD 3 billion for Sri Lanka under the Extended Fund Facility Arrangement. The debate is scheduled to take place from 26 to 28 April, we are told. Public finance is the province of Parliament, which should scrutinise the […]
[…]The post The Role Of National Defence In A Crisis-Ridden Economy appeared first on Colombo Telegraph.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.The post Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka President appeared...
Sri Lanka is determined not to seek the assistance of the International Monetary Fund (IMF) for the 18th time. President Ranil Wickremesinghe said that the latest agreement with the IMF will be tabled in Parliament for a vote. “First and foremost, it is anticipated that the agreement with the International Monetary Fund (IMF) will be […]