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The World Bank has updated its economic outlook for Sri Lanka, forecasting a modest expansion of 2.2% in 2024.The post World Bank upgrades Sri Lanka’s 2024 growth forecast to 2.2% amid tourism rebound appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- World Bank boosts Sri Lanka economic forecasts after inflation progress (Category: Breaking News)
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Timely, credible structural reforms vital for Sri Lanka to reset its course: World Bank (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka Peter Breuer stated that the IMF fully respect the democratic […]
- Serious consequences of failing to implement IMF programme (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- IMF hints no room for any new govt. to wriggle out of agreed reforms after polls (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- IMF says Sri Lanka must reach timely restructuring deals with creditors (Category: Breaking News)
On June 10, the Sri Lanka Foundation Institute hosted a significant seminar titled, "Is There Another Way? Debt Restructuring, IMF and the Future of Sri Lanka"The post Is There Another Way? Debt Restructuring, IMF and Future of Sri Lanka appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Cancel Sri Lanka’s debt, global economists tell creditors (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka President highlighted challenges faced in debt restructuring process to U.S. Treasury ... (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
SriLankan Airline CEO Richard Nuttall said that the government is on its way to privatize several state-owned enterprises as part of the International Monetary Fund (IMF) program and one of those is the flag carrier of the island nation.The post Privatization of SriLankan Airlines Part of IMF Program, Says CEO appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANK...
- Proposed privatisation of SriLankan in line with IMF remedy – CEO (Category: Breaking News)
- Privatisation of SriLankan Airlines is part of IMF program, says CEO (Category: Breaking News)
- SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
- IMF and Sri Lankan Authorities Reach Staff-Level Agreement on Economic Policies (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Only A Unified Approach Can Solve The Economic Crisis (Category: Breaking News)
- 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? (Category: Breaking News)
Govt.: ‘Is Opposition resorting to act of terrorism to ruin economy?’ State Minister of Finance Shehan Semasinghe, yesterday, asked the Opposition not to disseminate false information, which was fraught with the danger of disrupting the economic recovery process, which had received a boost
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
SriLankan Airlines CEO Richard Nuttall has declared that the Wickremesinghe-Rajapaksa government intends to privatise several state-owned enterprises, including SriLankan as part of the International Monetary Fund (IMF) programme. Asian News International quoted Nuttall as having said on Wednesday (13): “The government is trying to privatise a number of state-owned enterprises as a part of t...
- Privatisation of SriLankan Airlines is part of IMF program, says CEO (Category: Breaking News)
- Union: UL will be stripped of profitable units to ensure no takers for national carrier (Category: Breaking News)
- SriLankan CEO believes worst is over , expects $50 mn profit next year (Category: Breaking News)
- Privatization of SriLankan Airlines Part of IMF Program, Says CEO (Category: Breaking News)
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- India ready to restructure its Colombo debt: What about others? (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
Ambassador comments on 2024 prez poll Russian Ambassador Levan Dzhagaryan said that regardless of the outcome of the presidential election later this year in Sri Lanka, the Russian Federation expected the new government to continue with what he called independent neutral foreign policy and preserve the continuity in friendly relations with Russia. Declaring that Russia […]
- Sri Lanka should decide if it wants nuclear cooperation with Russia - Envoy (Category: Breaking News)
- Russian envoy perplexed by omission of Sri Lankans fighting for Ukraine (Category: Breaking News)
- Russian Ambassador calls on new Foreign Minister (Category: Breaking News)
- Sri Lanka in talks with Russia to build nuclear power plant (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF reaches staff-level agreement on Sri Lanka’s second review (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
Sri Lanka s State Minister of Finance Shehan Semasinghe says today (June 12) marks a significant milestone for Sri Lanka s economy as the International Monetary Fund s executive board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
- System Change Happening In Wrong Direction (Category: Breaking News)
- IMF & LG Elections: Presidential Machinations & Opposition Myopia (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
Negotiations for the third tranche of the International Monetary Fund (IMF) loan to Sri Lanka are scheduled to commence tomorrow (June 12).The post IMF third tranche negotiations for Sri Lanka begin tomorrow appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Fund View (Category: Business)
- Reserve Track (Category: Business)
- Sri Lanka proposes investment friendly budget... (Category: Breaking News)
- IMF approves loan to Lanka (Category: Breaking News)
[…]The post Philip Gunawardena: Who Is Ready To Serve ? appeared first on Colombo Telegraph.
- An Oxygen Economy (Category: Breaking News)
- Is Sri Lanka Ready For The Climate Conference? (Category: Breaking News)
- Time For Truth Telling (Category: Breaking News)
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
[…]The post Voice Of The Voiceless appeared first on Colombo Telegraph.
- Black & White; No Shades? (Category: Breaking News)
- Evolution Of A Movement: From JVP To NPP: From Violent Offensive Against Police Stations To Bein... (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
- Are We Going To The Fringes Or Coming To The Middle? (Category: Breaking News)
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
- Target 2048: It Is Democracy & Not Authoritarianism That Will Do The Job (Category: Breaking News)
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Economic Growth, National Security, And What Next For Sri Lanka (Category: Breaking News)
- Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies (Category: Breaking News)
[…]The post Can Sajith Foul Up Ranil’s Well-Laid Plans? appeared first on Colombo Telegraph.
- Quo Vadis? – Feeding The 225; Don’t Wait For The State; Let’s Act On Our Own (Category: Breaking News)
- NM’s Heritage: Upsurge Of Religious Despotism In Sri Lanka: Can The JVP Withstand Sinhala-Buddhi... (Category: Breaking News)
- Ranil’s Prospects At The Next Election (Category: Breaking News)
- Triangular Contest: To Be Realistic, There Are 3 Options: Response To Prof Kumar David (Category: Breaking News)
Japan, Sri Lanka’s largest bilateral lender after China, emphasized yesterday (June 5) the need for Sri Lanka to expedite its debt restructuring efforts for its own benefit.The post Japan urges Sri Lanka to speed up debt restructuring ahead of IMF review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- China assures commitment towards Sri Lanka’s debt restructuring process (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
[…]The post Should The Economic Transformation Bill Proceed? appeared first on Colombo Telegraph.
- Should The Economic Transformation Bill Proceed? – Part II (Category: Breaking News)
- Fly Highdream Big (Category: Breaking News)
- Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
By Shamindra Ferdinando Attempts had been made to compel UNP leader Ranil Wickremesinghe to give up the premiership immediately after the then President Gotabaya Rajapaksa had left Janadhipathi Mandiraya in the early afternoon of July 09, 2022. That had been the devious Aragalaya strategy meant to pave the way for Speaker Mahinda Yapa Abeywardena to […]
- CP Chief calls for re-alignment of political forces to thwart Ranil (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
- US hand in GR’s ouster: Speaker finally confirms allegations (Category: Breaking News)
- Prez makes headway amidst deepening turmoil (Category: Breaking News)
[…]The post Sri Lanka’s Elusive Accountability appeared first on Colombo Telegraph.
- Why A Tamil Common Candidate In The Presidential Election? (Category: Breaking News)
- V. Anandasangaree: The LTTE Vilified Him, But History Has Vindicated Him (Category: Breaking News)
- Historic Crimes Of The Chauvinistic Left: Why Defending Marxist Position Is Important (Category: Breaking News)
- Election Hustling In The South & Boycott Talk In The North (Category: Breaking News)
[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
- Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Fail... (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Why Step Motherly Treatment Of The Oppressed Segments Of Society Via Micro Finance Bill? (Category: Breaking News)
- Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! (Category: Breaking News)
[…]The post Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Failure? appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Modi 3.0 In India: What Next For Sri Lanka? (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a […]
- Russian Foreign Minister assures Sri Lankans will not be recruited for war (Category: Breaking News)
- Cabinet approves draft FTA between Sri Lanka and Thailand (Category: Breaking News)
- PM Hasina seeks Sri Lankan investment in Bangladesh tourism sector (Category: Breaking News)
- Sri Lanka raises deep concerns with Canada over statements on genocide (Category: Breaking News)
[…]The post Is President Wickremesinghe Following In The Footsteps Of His Uncle, President Jayewardene, In 1982? appeared first on Colombo Telegraph.
- Postponing Elections: Are There Limits To Popular Sovereignty? (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Sri Lanka – Nation Building, Devolution & The 13th Amendment – Part III (Category: Breaking News)
- 40 Years After The Anti-Tamil Pogrom Of July 1983: Root Causes Remain Unaddressed (Category: Breaking News)
Two traditional rivals will face off in a crucial group at the T20 World Cup, while two further neighbours are joined by a talented European side. Group A preview: The Asian rivals will face still competition from co-hosts USA, Canada and Ireland in Group A of the ICC Men’s T20 World Cup 2024. The ICC […]
- USA vs Canada: oldest rivalry renewed at cricket’s biggest T20 World Cup (Category: Breaking News)
- New York increases security ahead of India vs Pakistan T20 World Cup match (Category: Breaking News)
- New York increases security ahead of India vs Pakistan T20 World Cup match (Category: Breaking News)
- Values vs. wealth (Category: Business)
During the “Advancing Energy Transition” round table discussion at the Hilton Colombo on Wednesday (29) morning, President Ranil Wickremesinghe emphasized the need for a comprehensive plan to exploit renewable energy and explore future trends in green hydrogen in Sri Lanka. The event, held in collaboration with the World Bank, the Ministry of Power and Energy, […]
- Cleaner Fuel (Category: Business)
- Portugal's green energy dilemma (Category: Technology)
- Can human power replace batteries? (Category: Technology)
- Former football coach Lou Holtz tests positive for COVID-19 (Category: USA, Mississippi)
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