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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
- Cross Asian (Category: Business)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
- Sri Lanka sovereign rating at SD but ISBs downgraded to ‘D’ by S&P (Category: Breaking News)
- Reserve Investment (Category: Business)
Indian billion dollar credit line also works Undiyal fashion
- Sri Lanka removes ban on open account food imports (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)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
- BASL; Altruistic Union That Does Not Stand For Its Members’ Sake But For The People (Category: Breaking News)
- A Janus Moment (Category: Breaking News)
- Is The IMF Mad To Give Loans To A Murderous Government? (Category: Breaking News)
- Dawn At Galle Face: Which Tomorrow? (Category: Breaking News)
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka’s Past Is Prologue For China (Category: Breaking News)
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- Why Should The United States Care About Sri Lanka’s Predicament? (Category: Breaking News)
- Modi’s Civilizational Twist To Indo-Lanka Relations (Category: Breaking News)
Says economy could contract 7-pct in 2022
- Sri Lanka’s total debt burden Rs 21.6 trillion by March 2022 (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
- Sri Lanka Prime Minister’s full statement on IMF negotiations (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- President blames Sajith for crisis (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
- 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)
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
- Sri Lanka, China sign agreements to enhance bilateral cooperation (Category: Breaking News)
- China urges Sri Lanka to release detained fishermen (Category: Breaking News)
- Million dollar scam: 482 Chinese arrested (Category: Breaking News)
- China encourages more tourists - Govt (Category: Breaking News)
[…]The post IMF – Eagerly Awaited – Desperation Grows! appeared first on Colombo Telegraph.
- Dollar Crunch & Expanding Horizons (Category: Breaking News)
- Dollar Chase: Reforms & Audits (Category: Breaking News)
- Is Ranil’s Budget Only A Dream Of A New Economic Order? (Category: Breaking News)
- World Bank Assistance Too Is Subject To Conditions! (Category: Breaking News)
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
- Finland Prime Minister ousted, conservatives win tight vote (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting over debt crisis (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
[…]The post Depart From The Comfort Zone! appeared first on Colombo Telegraph.
- The Senseless Killing Of 19A By 21A! (Category: Breaking News)
- Abolition Of The Executive Presidency (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
- Fuel crisis - some recommendations (Category: Breaking News)
- Ailing Economy (Category: Business)
- Sri Lanka president urges ‘courage’ on National Day (Category: Breaking News)
- Sri Lanka Devalues Rupee, Plans Tax Cuts to Support Growth (Category: Breaking News)
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
- Samantha Power assures Ranil USAID support (Category: Breaking News)
- Sri Lanka won’t face hunger crisis, economic situation will get worse before it gets better: new... (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Sri Lanka PM writes to opposition leader, invites his party to join new government (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
Says guidance rate has reduced volatility
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
- A Child’s Guide To Restrictions On Forex Forward Market (Category: Breaking News)
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Sri Lanka: Typical Propaganda By A Corrupt Nefarious Regime! (Category: Breaking News)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- High Time To Repeal The PTA & Release All Prisoners Held Under It (Category: Breaking News)
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
- IMF says “require adequate assurances” on Sri Lanka’s debt sustainability restoration (Category: Breaking News)
- IMF team in Sri Lanka policy talks on program from August 24 (Category: Breaking News)
- Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off (Category: Breaking News)
- CBSL governor hopeful Sri Lanka can achieve debt sustainability before IMF dates (Category: Breaking News)
“What the international community is looking for is long-term policy credibility and sustainability."
- Sri Lanka’s business mogul Dhammika Perera attempts to bring hope after govt failures (Category: Breaking News)
- EXPLAINER – Sri Lanka people’s hopes fade as monetary stability eludes new PM (Category: Breaking News)
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
- China cautions Sri Lanka on IMF deal (Category: Breaking News)
- India slams Chinese envoy in Sri Lanka (Category: Breaking News)
- Is China playing with Sri Lanka’s bid to secure an IMF loan? (Category: Breaking News)
- China assures continued support to Sri Lanka (Category: Breaking News)
Cabraal has been prevented leaving the country from April 7
- President pays last respects to Central Bank Governor's mother (Category: Breaking News)
- President pays last respects to Central Bank Governor’s mother (Category: Breaking News)
- I'm not bother on Ranil's statement: Central Bank Governor (Category: Breaking News)
- ‘Now is the time to invest in Sri Lanka' (Category: Breaking News)
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
- Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka on brink of food crisis after economic meltdown (Category: Breaking News)
- Crisis-hit Sri Lanka’s president requests help from Indian, Chinese, Middle East envoys – PMD (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
- Sri Lanka Agripreneurs’ Forum recommends 10 proposals to overcome food crisis (Category: Breaking News)
Colombo: India continues help its close neighbor Sri Lanka which is facing the worst economic crisis in its history, by lending economic support and assistance. Indian Minister of Finance Nirmala Sitharaman told The International Monetary Fund recently to help Sri Lanka by extending its rapid aid
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
[…] The post IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? (Category: Breaking News)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
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