The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9bn bailout package, due to a potential shortfall in government revenue generation, Al Jazeera has reported, quoting the lender. Speaking after a two-week visit to the country, IMF delegation head Peter Breuer on Wednesday said a […]
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- IMF says increasing revenue of paramount importance for Sri Lanka; defends VAT hike (Category: Breaking News)
Sri Lanka’s Minister of State for Tourism Diana Gamage announced plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the year’s end.The post Sri Lanka to launch campaigns to attract 1.5 million tourists – proposal to create non-sleeping cities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka anticipating substantial influx of tourists during final months of year - State Minist... (Category: Breaking News)
- Campaigns to attract 1.5 million tourists to Sri Lanka, Proposal to create cities that never sleep (Category: Breaking News)
- Campaign to attract 1.5 million tourists to Sri Lanka in 2023 (Category: Breaking News)
- Sri Lanka to create cities that never sleep to boost tourism (Category: Breaking News)
Sri Lanka is to create cities that never sleep by revising certain regulations in an attempt to boost tourism. Minister of State for Tourism Diana Gamage said that the country has plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the end of this year. She emphasized the […]
- Diana wants a better night life for Sri Lanka (Category: Breaking News)
- Overseas travel ban on Diana Gamage extended (Category: Breaking News)
- Overseas travel ban imposed on Diana Gamage (Category: Breaking News)
- Diana files complaint against MP for calling her a b**** (Category: Breaking News)
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
- Sri Lanka approves request to dock Chinese Research / Survey Vessel Shi Yan 6 (Category: Breaking News)
- Chinese research vessel ‘Shi Yan 6’ to dock in Colombo today (Category: Breaking News)
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
- Sri Lanka grants Chinese vessel 48 hours to conduct marine research (Category: Breaking News)
The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked an improvement from the alarming 11.5% […]
- Sri Lanka records 2.3% negative GDP growth in 2023 (Category: Breaking News)
- Sri Lanka s economy grows 1.6% in 3rd quarter of 2023 (Category: Breaking News)
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
The first review of the International Monetary Fund’s Extended Fund Facility (EFF) for Sri Lanka is slated to commence today (September 14).The post First review of IMF’s Extended Fund Facility for Sri Lanka to commence today appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF second review of Sri Lanka s bailout package begins today (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF s first program review begins today; Sri Lanka hopeful of promising pathway for growth (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
Sri Lanka has accepted offers to exchange about $10 billion worth of defaulted local debt for new bonds, the Finance Ministry said on Tuesday, taking it a step towards meeting debt restructuring requirements ahead of an International Monetary Fund (IMF) review.The post Sri Lanka announces $10 billion local bond swap deal ahead of IMF visit appeared first on ONLANKA - Sri Lanka Latest Breaking News...
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout (Category: Breaking News)
- Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
Sri Lanka has repaid another US$100 million of the $200 million loan it took from Bangladesh in a currency swap agreement two years ago. “Sri Lanka has paid back $100 million to us on Thursday (31 August). Now they are expected to return the remaining $50 million in due course,” said Bangladesh Bank (BB) Spokesperson […]
- Central Bank of Sri Lanka returns $50m of $200m Bangladesh loan (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Sri Lanka pays off $200m loan from Bangladesh with $4.5m interest (Category: Breaking News)
- Bangladesh PM attaches high priority to relations with Sri Lanka (Category: Breaking News)
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