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By Jehan Perera Slowly but surely the ruling party is beginning to reassert itself. An indication is the removal of Prof G L Peiris from the chairmanship of the ruling party. In the aftermath of the economic collapse last year he has been one of the few members from the SLPP to have adopted a […]
- Govt.’s economic narrative gains business support but Little else (Category: Breaking News)
- Elect a Prez capable of restoring constitutionalism, Church of Ceylon tells MPs (Category: Breaking News)
- An opportunity to break with the past (Category: Breaking News)
- Missing factor in roadmap to recovery (Category: Breaking News)
[…]The post IMF, ATA & RW’s Consolidation appeared first on Colombo Telegraph.
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI appeared first on Colombo Telegraph.
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (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)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
Friday 21st April, 2023 Parliament is going to debate the government’s agreement with the IMF, which has approved USD 3 billion for Sri Lanka under the Extended Fund Facility Arrangement. The debate is scheduled to take place from 26 to 28 April, we are told. Public finance is the province of Parliament, which should scrutinise the […]
- Power of Parliament subjugated to IMF dictates – JVP (Category: Breaking News)
- Speaker’s criticism of govt., hailed by Opposition (Category: Breaking News)
- SJB demands entire agreement with IMF, refuses to take part in vote (Category: Breaking News)
- President to make fresh clarion call for all-party national government (Category: Breaking News)
Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- World Bank upgrades Sri Lanka’s 2024 growth forecast to 2.2% amid tourism rebound (Category: Breaking News)
- INSS Hosts Expert Panel on Sri Lanka’s Economic Security for 2024 (Category: Breaking News)
• Says existing system of international debt schemes hinders vulnerable, developing economies • Urges for political will at global level to reform international financial architecture • Requests for support in debt restructuring, debt sustainability and adequate climate financing By Sanath Nanayakkare Shehan Semasinghe, State Minister of Finance speaking at the UN ECOSOC Financing for Development ...
- China replies in kind to US allegations of Beijing exacerbating debt crisis here (Category: Breaking News)
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Lanka debt talks with India, China, Japan helped by investment projects: President (Category: Breaking News)
- Opposition vows to fight domestic debt restructuring plans of govt (Category: Breaking News)
Sri Lanka Savings Bank said that it demonstrated agility in a challenging year amidst an unprecedented economic crisis by achieving a growth in Profit After Tax (PAT) of 74% to LKR 445.1 million for the year ended 31st December 2022 compared to LKR 255.1 million recorded a year earlier. Chairperson, Keasila Jayawardena said ” amidst […]
- Pan Asia Bank ready to leverage on economic revival amidst external challenges; posts steady 1H ... (Category: Breaking News)
- Union Bank posts steadfast performance in FY2023 (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
- Remittances from expat workers increase (Category: Breaking News)
[…]The post Sri Lanka Is Still In Deep Trouble, With Or Without Ranil appeared first on Colombo Telegraph.
- Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Love Him Or Hate Him: Only Ranil Wickremesinghe Has The Depth Of Mind To Focus On Future Directi... (Category: Breaking News)
- Janatha Aragalaya: The People’s Struggle In Sri Lanka (Category: Breaking News)
discourse on the economy, economic recovery – […]
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Three leading international firms offer advice to Sri Lanka (Category: Breaking News)
- IMF says time frame for Sri Lanka bailout remains uncertain (Category: Breaking News)
- Sri Lanka hopeful of completing debt restructuring in six months (Category: Breaking News)
[…]The post Four Popular Fallacies Relating To Central Banking appeared first on Colombo Telegraph.
- Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do... (Category: Breaking News)
- Who Has Printed The Biggest Quantity Of Money? Lakshman, Cabraal Or Nandalal? (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies.The post Japan, India and France launch creditors meeting on Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
- Sri Lanka’s creditor nations to meet despite uncertainty on China (Category: Breaking News)
- Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process (Category: Breaking News)
- China will support Sri Lanka’s debt rework, says CBSL governor (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
- Expect India-Russia bilateral trade to reach $50 billion, says Russian Minister (Category: Breaking News)
- Sri Lanka wants to start rupee trade with India (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- Ambitious Digital Rupee (Category: Breaking News)
IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- CBSL chief expresses optimism (Category: Breaking News)
- Lanka to lend US$2.5bn to US and top-rated borrowers in 2023 under IMF deal: analysis (Category: Breaking News)
The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.The post Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- ADB to disburse US$ 203 Million emergency loan to support Sri Lanka’s poor and vulnerable (Category: Breaking News)
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Sri Lanka crisis: President meets ADB officials on areas of cooperation (Category: Breaking News)
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia
- Prince Harry accuses Prince William of physical attack (Category: Breaking News)
- FBI makes arrests over alleged secret Chinese ‘police stations’ in New York (Category: Breaking News)
- Turkey earthquake death toll could increase eight-fold (Category: Breaking News)
- UK Government to block Scottish gender bill (Category: Breaking News)
Bill titled ‘Central Bank of Sri Lanka’: By Shamindra Ferdinando Speaker Mahinda Yapa Abeywardena made the following announcement immediately after the opening of Parliament on April 04, 2023. The Speaker declared: “I wish to make an announcement in respect of the Bill titled ‘Central Bank of Sri Lanka.’ The court has determined that none of […]
- Parliament urged to incorporate amendments into Central Bank Bill in keeping with promise to SC (Category: Breaking News)
- CBSL Bill passes muster with SC (Category: Breaking News)
- SC refers FR case on Revival Bill to CJ (Category: Business)
- SC commences hearing petitions challenging proposed 22 A (Category: Breaking News)
Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]
- Sri Lanka to present debt restructuring, IMF bailout plans to creditors (Category: Breaking News)
- Japan seeks to organise Sri Lanka creditors’ meeting on debt crisis (Category: Breaking News)
- Japan, India and France launch Sri Lanka debt re-structuring talks (Category: Breaking News)
- IMF still awaiting adequate assurances on Sri Lanka (Category: Breaking News)
[…]The post The Role Of National Defence In A Crisis-Ridden Economy appeared first on Colombo Telegraph.
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- Citizens Should Be Aware Of The Burden Of Total Government Expenditure (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
To tackle the enormous economic challenge that Sri Lanka is facing, everyone must come together to support the recovery and promote stable and inclusive growth, says the International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer.The post Everyone must come together to support Sri Lanka’s recovery and inclusive growth – IMF appeared first on Sri Lanka News - Lates...
- Everyone must come together to support Sri Lanka s recovery and inclusive growth  IMF (Category: Breaking News)
- IMF reaches staff-level agreement with Sri Lanka on second review (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- IMF and Sri Lanka reaches Staff-Level Agreement for US$ 2.9 Billion Programme (Category: Breaking News)
[…]The post Anti-Terrorism Act To Prevent System Change appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
[…]The post Threats To The Hegemony Of The US Dollar appeared first on Colombo Telegraph.
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
- Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties A... (Category: Breaking News)
Y P Prakash China is making a comeback in Sri Lanka. First, it gave its consent on conditionalities for the IMF to lend money to the island nation and now reports indicate that China’s Sinopec has pledged to invest in Sri Lanka’s southern district of Hambantota. While Sri Lanka’s experience of Chinese investments has been […]
- Strategic Power (Category: Business)
- Fire Power (Category: Business)
- Power Push (Category: Business)
- Coal Load (Category: Business)
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- SriLankan Airlines participates at the Ottawa Travel and Vacation Show (Category: Breaking News)
- SriLankan Airlines, Korean Air activate codeshare partnership (Category: Breaking News)
- Dialog, SriLankan offer star points, FlySmiLes conversion (Category: Breaking News)
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
- The Exit Of The Old Guard & The Arrival Of The New (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- 40 Years After The Anti-Tamil Pogrom Of July 1983: Root Causes Remain Unaddressed (Category: Breaking News)
Sri Lanka’s economy is projected to contract further in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, the Asian Development Bank (ADB) said in its annual flagship economic publication, the Asian Development Outlook (ADO) April 2023
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- ADB approves $350 Million for Sri Lanka economic stabilization programme (Category: Breaking News)
Turn this crisis into an opportunity – ADB By Sanath Nanayakkare Sri Lanka will have no second chance if this time it forgets why it took the Extended Fund Facility from the IMF and goes back to doing things that create fiscal imbalances, like in the past 16 programs with the IMF, Central Bank Governor […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- ADB country chief hopes Lanka could sustain policy reforms despite elections (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
Sri Lankan economy is projected to contract by 4.3 percent in 2023 as demand continues to be subdued, job and income losses intensify, and supply-side constraints adversely affect production, the World Bank announced on Tuesday. Sri Lanka’s heightened fiscal, external, and financial
- Timely, credible structural reforms vital for Sri Lanka to reset its course- World Bank (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready - WB (Category: Breaking News)
- World Bank Country Director commends Sri Lanka s reform efforts (Category: Breaking News)
- US$ 100 million WB assistance to education sector (Category: Breaking News)
Sri Lanka s economy, which is grappling with a debt and balance of payment crisis, is expected to shrink by 3% this year after a 7.8% contraction in 2022, the Asian Development Bank (ADB) says.
crisis and build a strong and resilient economy to prevent future crises.The post Timely, credible struct...
- Global lenders eye coordinated assistance for Sri Lanka – Government (Category: Breaking News)
- World Bank approves Sri Lanka’s eligibility to access concessional financing (Category: Breaking News)
- World Bank approves $700 Million for crisis-hit Sri Lanka (Category: Breaking News)
- World Bank approves $150 million to strengthen financial sector in Sri Lanka (Category: Breaking News)
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