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Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
The Central Bank of Sri Lanka yesterday (December 04) laid out its short to medium-term policy path and a slew of other measures that it intends to roll out primarily to restore price stability and to maintain the financial system’s health, as Sri Lanka struggles to emerge from the worst economic crisis since its independence.The post Sri Lanka’s Central Bank lays out policies to restore pri...
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor (Category: Breaking News)
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal
- Sri Lanka seeks assistance from the World Bank (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]
- Sri Lanka gambles on tax hikes; downside risks seen than gains (Category: Breaking News)
- Sri Lanka expands state workers 11-pct under revenue based fiscal consolidation (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
21-A prerequisite for IMF loan: By Shamindra Ferdinando Foreign Minister Ali Sabry, PC, owed an explanation as regards his claim that the International Monetary Fund (IMF) had demanded the enactment of 21 Amendment to the Constitution as a prerequisite for the finalisation of USD 2.9 bn Extended
- 21 A: Weerasekera says they could have denied 2/3 (Category: Breaking News)
- Prez addresses SLPPer’s concerns over new Uni and permanent land deeds to farmers (Category: Breaking News)
- Passage of 22A: Jayasumana asks Speaker to remove dual citizens from Parliament (Category: Breaking News)
- Privatisation of national assets: SLPP accountable for President’s actions: GL (Category: Breaking News)
By Meera Sirinivasan Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund (IMF), according to Central Bank Governor P. Nandalal Weerasinghe. In September, the IMF reached a staff level agreement
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- China asked to share debt terms to facilitate overall process (Category: Breaking News)
- CB Governor upbeat about taking country’s loan request to IMF Board in Jan ’23 if it misses Dece... (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
President Ranil Wickremesinghe stressed that everyone should unite to fulfil their moral responsibility for the country, sidelining the traditional political system of trying to grab power at the next election by palming off all the responsibilities on the government.The post Step out of traditional politics and fulfil moral responsibility – President appeared first on Sri Lanka News - Lates...
- Step out of traditional politics and join hands to fulfill moral responsibility towards the coun... (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Everyone should unite to make food security program a success – President (Category: Breaking News)
- Sri Lankan President optimistic that debt restructuring discussions will end successfully (Category: Breaking News)
Chinese officials have agreed to participate in a global sovereign debt "roundtable" that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund chief Kristalina Georgieva said on Thursday.The post China agrees to formation of global sovereign
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF flags debt restructuring hurdles, says banning crypto should be an option (Category: Breaking News)
- Timelines, predictability key issues for next sovereign debt roundtable - Georgieva (Category: Breaking News)
- China agreed to form global sovereign debt roundtable - IMF chief (Category: Breaking News)
By Easwaran Rutnam France, which is part of the Paris Club, is in talks with Sri Lanka’s creditors in an attempt to ensure a solution is reached for the financial crisis sooner than later. The newly appointed French Ambassador to Sri Lanka, Jean-François Pactet, told a select group of journalists last evening, that an immediate […]
- France ready to support Sri Lanka in its efforts to restructure its debt (Category: Breaking News)
- France saddened by the demise of its diplomat in Sri Lanka (Category: Breaking News)
- France looks to strengthen ties with Sri Lanka (Category: Breaking News)
- French Ambassador to Sri Lanka Jean-François Pactet passes away (Category: Breaking News)
Regular revelations, pertaining to high profile scams that had undermined revenue collection, underline the pathetic failure on the part of Parliament to ensure financial discipline. The Central Bank, five-member Monetary Board, Cabinet of Ministers and Parliament as an institution should accept the responsibility for the current crisis. The likes of Bandula Gunawardena continue to pursue […...
- Rs 16 bn revenue loss: CIABOC summons Bandula over sugar duty scam (Category: Breaking News)
- Rs. 16 bn sugar duty scam: Recovery of losses further delayed (Category: Breaking News)
- SL wouldn’t have been in this mess if IMF conditions had been complied with – State FM (Category: Breaking News)
- Sugar duty scam: Bandula misses CIABOC summons, asks for another day (Category: Breaking News)
International Monetary Fund chief Kristlina Georgieva said she had a “fruitful exchange” with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Sri Lanka. Georgieva, World Bank President David Malpass and other financial leaders
- IMF in talks with China to restructure Sri Lanka’s debt (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
- IMF chief says China helped reach debt relief deal for Sri Lanka (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.The post IMF chief Georgieva cites ‘fruitful exchange’
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF flags debt restructuring hurdles, says banning crypto should be an option (Category: Breaking News)
- IMF chief Kristalina and Sri Lanka President Ranil discuss ongoing reforms and debt restructurin... (Category: Breaking News)
[…]The post Food Security Challenges Aligning With The Current Economic Crisis In Sri Lanka appeared first on Colombo Telegraph.
- The Destiny Of China’s Colony Of Sri Lanka (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- The Current System & Unlawful Actions (Category: Breaking News)
- Lack Of Accountability, Ability & Credibility (Category: Breaking News)
By R M M Lilani A significant shift in the chaotic foreign policy of the Sri Lankan government has raised the idea of Japan once more acquiring the East Container Terminal (ECT), as the International Monetary Fund works to ameliorate Sri Lanka’s current financial crisis. After signing a MoU
- by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lank... (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Quad urged to take more proactive role to address Sri Lanka crisis (Category: Breaking News)
- Beijing restless as QUAD comes to Colombo’s aid (Category: Breaking News)
[…]The post Transitional Justice In Sri Lanka: Accomplishments & Challenges In The Post-Civil War appeared first on Colombo Telegraph.
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
Multilateral agencies have sought coordinated assistance for Sri Lanka, following a discussion held with President Ranil Wickremesinghe today. Representatives from the World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) and Asian Infrastructure Investment Bank (AIIB
- ADB holds talks with Ranil to offer financial support (Category: Breaking News)
- Coordinated assistance program supported by multilateral financial institutions is required for ... (Category: Breaking News)
- World Bank approves Sri Lanka’s access to concessional financing (Category: Breaking News)
- World Bank calls on Sri Lanka to stay the course on reforms (Category: Breaking News)
BY DR. Asoka Bandarage On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs. Nevertheless
- Experimenting with State-Owned Enterprises (Category: Breaking News)
- Surpassing neoliberal fictions towards mission-oriented state (Category: Breaking News)
- Godahewa sounds alarm over attempts to privatise profitable Insurance Corporation (Category: Breaking News)
- Govt to conclude most SOE sales by August; Srilankan by Sept (Category: Breaking News)
US Secretary of State Antony J. Blinken and Sri Lankan Foreign Minister Ali Sabry had talks in Washington on debt restructuring and the International Monetary Fund (IMF) deal. Speaking to reporters ahead of his meeting with Sabry, Blinken noted that Sri Lanka and the US had almost 75
- Antony Blinken to have talks with Sri Lanka’s Foreign Minister (Category: Breaking News)
- US and India discuss situation in Sri Lanka (Category: Breaking News)
- Foreign Minister insists he does not go on joy rides (Category: Breaking News)
- Sri Lanka mourns death of former South African diplomat (Category: Breaking News)
Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”, citing a probable local-currency debt default in the face of high interest costs and tight domestic financing conditions.The post Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLA...
- Fitch downgrades Sri Lanka s local currency debt rating to CC (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka to ‘CCC’ (Category: Breaking News)
Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others.The post Sri Lanka’s debt to China close to 20% of public external debt – study appeared first on Sri Lanka News - Latest Breaking News in Sri La...
- Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report (Category: Breaking News)
Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.The post Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in ...
- Sri Lanka’s headline inflation may rise to 70% in coming months – Central Bank of Sri Lanka (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal, stating that 28 percent of the population faces […]
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- International rights groups slam Sri Lanka s flawed plans for a Truth Commission (Category: Breaking News)
- Ankara donates consignment of urgently needed medical supplies to Sri Lanka (Category: Breaking News)
- Rights group: Sri Lankan Tamil women exposed to sexual violence, trafficking after war (Category: Breaking News)
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.The post Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts appeared first on Sri Lanka News - Lat...
- HRW urges major creditors to help restructure Sri Lanka s debts (Category: Breaking News)
- AI: Lanka at brink of humanitarian crisis (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
Nomura Holdings Inc, Japan's top brokerage and investment bank, has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary – are now at a high risk of currency crises.The post Nomura warns seven emerging economies including Sri Lanka face currency crisis danger appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japanese firm says Sri Lanka among seven countries at high risk of currency crises (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
Sri Lanka is in talks with the United Nations Development Programme and other agencies for a debt-for-nature swap programme, as the South Asian island faces its worst economic crisis in decades.The post Sri Lanka looks at debt relief through nature conservation – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- China responds to Victoria Nuland’s comment on Debt Relief to Sri Lanka (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- Sri Lanka president urges debt relief to help green transition (Category: Breaking News)
Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials to provide clarifications sought by the country's creditors, its state minister of finance said.The post Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
[…]The post Economic Bankruptcy & Political Instability appeared first on Colombo Telegraph.
- Remembrance Week Marking Persecution Of Sri Lankan Muslims (Category: Breaking News)
- Modi’s Wolf Worrier Diplomacy Opens A Window For China In South Asia (Category: Breaking News)
- New Delhi, Colombo & Tamils: The Adani Factor (Category: Breaking News)
- New Delhi, Colombo & Tamils: The Adani Factor (Category: Breaking News)
[…]The post Unmasking The Likes Of Cabraals; A National Imperative! appeared first on Colombo Telegraph.
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
- Lack of Common Sense Of A Time-Expired President (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
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