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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 […]
"The same working arrangements will also apply to the Regional Consular offices."
No staff level agreement yet, creditor assurances needed
Worst crisis in modern times
[…]The post Mission Impossible appeared first on Colombo Telegraph.
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 […]
Dhammika Perera has been backing successive government and held posts in some while running his businesses
Sri Lanka's past diplomatic misconducts under Rajapaksa have made it difficult for Sri Lanka - official
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 […]
Agriculture contracted 6.8 percent, industry shrank 4.7 percent but service grew 0.7 percent
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
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 […]
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[…]The post Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work appeared first on Colombo Telegraph.
ASPI down 2.06 percent at 1130 hours
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[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
[…]The post Crisis Deepens Without Rescue Plan appeared first on Colombo Telegraph.
The visitors will meet with a wide range of political representatives, economists, and international organizations
Market has risen throughout the week, but in thin trade.
"There is no way we can go ahead with the current public sector. The ideal size is 500,000."
Luminex shares fell 1.5% on Thursday.
Views of Milton Friedman, Robert Mundel and how John Greenwood and Alan Walters set up the Hong Kong currency board
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
Has China subscribed to the economic downfall of Sri Lanka through its alluring loan scheme? Sri Lankans today inherit unviable Chinese infrastructure projects yielding no returns. Have Chinese investments in Sri Lanka done any good to the country? A complex issue posed by many trying to find answers in the present context. These projects, more […]
Sri Lanka has sought the assistance of the European Union in the economic recovery process. As part of the ongoing engagement with 94 concurrently accredited Diplomatic Missions to Sri Lanka from New Delhi, High Commissioner of Sri Lanka to India Milinda Moragoda hosted a group of European Heads of Mission on 21 June 2022 and […]
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 […]
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
The convertible debentures will accrue interest at a rate of 3% per annum.