@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
103 results found in 1157 ms
Page 1 of 4
Sept 30, Colombo: The Governor of Sri Lanka's Central Bank Ajith Nivard Cabraal says the country is not engaged in any discussion with the International Monetary Fund (IMF) for an additional loan facility.
Reuters: Asian shares crept up on Monday with expectations rising that weak U.S. jobs data would prompt the Federal Reserve to announce fresh stimulus and Europe will make further progress in its debt crisis management this week, overshadowing soft Chinese data. Trade data released on Monday showed China’s exports in August grew slightly less than ...
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
By Chamitha Kuruppu The Janatha Vimukthi Peramuna (JVP) on Wednesday stated that the time has come for the public to “stand against the irresponsible decisions and unwise acts of the Finance Minister and the Central Bank Governor that leads this country into an economic downfall.” President Mahinda Rajapakse as the Minister of Finance and Central ...
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms
Sri Lankaandrsquo;s Banking Watchdog andmdash; Central Bank said with the successful completion of the US$ 2.5 billion Standby Arrangement (SBA) facility extended by International Monetary Fund (IMF), the country now has sufficient funds, but would like to have an elite anchor in the alternative
Sri Lanka will begin talks for fresh loans with the multilateral donor body- International Monetary Fund (IMFF) for an 'Extended Fund Facility', countryandrsquo;s banking watchdog- Central Bank of Sri Lanka, said following the receipt of the ninth and final tranche of US$ 2.5 billion Stand
July 22, Colombo: Sri Lanka has successfully achieved all the key objectives under the Stand-by Arrangement (SBA) facility from the International Monetary Fund (IMF), the country's Central Bank said in a statement.
The International Monetary Fund has decided to grant the 8th loan instalment to Sri Lanka, considering the outstanding long term growth. The IMF members who met in Washington decided to grant the final instalment to Sri Lanka amounting to 415 million U.S dollars. The IMF
Monetary Fund (IMF) today completed the eighth and final ...
The International Monetary Fund (IMF) on Friday cleared Sri Lanka’s final tranche under the Stand-By Arrangement (SBA), approving a disbursement of US$415 million, and making it a final sum total of $2.5 billion.The Fund however noted that there is a slowdown in economic activity and declining
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to ...
Sri Lanka has succeeded in reaching the economic targets expected by the International Monetary Fund. Central Bank Governor Ajith Nivard Cabral said that the IMF had made this reference during a visit to Sri Lanka before the granting of final tranche. Mr. Cabral said that Sri Lanka has met all June
Sri Lanka has met all June-end targets set by the International Monetary Fund (IMF) for the last tranche of a $2.6 billion loan, Central Bank Governor Ajith Nivard Cabraal said.
Sri Lanka should be careful about the inflationary effects of liquidity created by large foreign exchange swaps with the Central Bank, an International Monetary Fund official said.
Sri Lankan government has had discussions with the International Monetary Fund (IMF) for fresh financial assistance, which will be discussed in detail in September, IMF officials said. "There's a possibility of (IMF) extending further financial assistance - similar to the current Stand
The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition spread propaganda that the EPF as well as ...
What is corporate governance? According to the World Bank Corporate governance is “the system by which companies are directed and controlled”. It involves the balance of powers among three key corporate constituencies: the board of directors, which is charged with monitoring, overseeing, and guiding the company; the shareholders, who invest their funds in the company’s ...
The International Monetary Fund (IMF)’s next review of the Sri Lankan economy and monetary policies will take place on June 4 ahead of final approval for the last US$400 million installment, a top official said. “We met Naoyuki Shinohara, Deputy Managing Director of the IMF
Reuters: The International Monetary Fund’s bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash. Brazilian Finance Minister Guido Mantega
Reuter: The International Monetary Fund said on Wednesday it had raised $320 billion so far in a bid to boost its firepower to deal with the euro zone debt crisis, with Poland and Switzerland joining the effort. IMF Managing Director Christine Lagarde said she had received commitments of $34
REUTERS: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the eurozone sovereign debt crisis or sharp escalation in oil
The Sri Lankan delegation attending the International Monetary Fund (IMF) Spring Meeting 2012 will leave for Washington this week, the government news website reported. The Spring Meetings of the IMF and World Bank will be held in Washington, DC from April 20 -22. The Minister
By Sanjaya Nallaperuma The government has informed the International Monetary Fund (IMF) that necessary reforms will be introduced shortly to the Ceylon Petroleum Corporation (CPC) and the Ceylon Electricity Board (CEB), in an effort to drastically cut down on the losses incurred
Sri Lanka has got another US$ 426.8 million from the International Monetary Fund under the ongoing stand-by arrangement the country has with the agency. The money, which is equivalent to 275.6 million SDR comes following the IMF completing its seventh review of Sri Lanka’s economic performance
The International Monetary Fund (IMF) on Monday approved another tranche of US$426.8 million to Sri Lanka under the Stand-By Arrangement (SBA-loan), in a welcome injection to the country’s once, strong foreign reserves. This came after the board of executive directors approved the seventh review
The Executive Board of the International Monetary Fund (IMF) yesterday completed the seventh review of Sri Lanka’s economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR
The Executive Board of Directors of the International Monetary Fund (IMF) meets tomorrow (Monday) for a crucial session to decide on the final tranche of a US$2.6 billion loan to Sri Lanka. The board will be considering the seventh review of an IMF mission that visited Sri Lanka last month ahead
Immediately after the Vanni War, the International Monetary Fund (IMF) committed the worst financial misdeed of coming to the rescue of genocidal Sri Lanka in July 2009, by passing a whooping US$ 2600 million loan. Colombos Central Bank chairman AN Cabraal described the IMF decision
Reuters: A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone’s debt crisis, just when a flood of central bank money appeared to be calming financial markets. Ireland’s prickly electorate, which has twice voted “No” to European Union treaties before reversing itself, will ...