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[…]The post New CBSL Act – Monetary Policy – Interest Rates Et Al. appeared first on Colombo Telegraph.
[…]The post IMF Shows It Cares More Than Government appeared first on Colombo Telegraph.
Not all countries in the region are growing fast, and three—Afghanistan, Pakistan and Sri Lanka—are in acute crisis South Asia has emerged as a beacon of hope in the global economy, with the World Bank predicting that the region will outshine other developing regions
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 200 basis points to 10.00 percent and 11.00 percent respectively, a statement from it said on Thursday. The central bank said it took this decision at the monetary board meeting held on […]
Friday 6th October, 2023 President Ranil Wickremesinghe’s recent interview with Deutsche Welle (DW), in Berlin, has been trending in the digital realm—not for all the right reasons, though. Thanks to it, the genre of interrogative interview has apparently taken on a whole new meaning, with the interviewee aggressively interrogating the interviewer! There was obviously much […]
By Neville Ladduwahetty President Ranil Wickremesinghe eloquently outlined the current global economic crisis affecting the developing world, in particular the Global South, during his speech at the Berlin Global Dialogue. In the course of his presentation he conveyed the fact that while the developed countries may have the strength and resources to weather the challenges, […]
By Hiran H.Senewiratne Sri Lanka’s current inflation rate is around 1.3 percent and with the stabilizing of the economy the Central Bank is to maintain a dovish monetary policy stance, Central Bank Governor Dr. Nandalal Weerasinghe said. “The Central Bank has signed an agreement
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate plans and the dire state of global biodiversity. President Wickremesinghe opened […]
[…]The post Sri Lanka: IMF / World Bank – Systemic Reforms Needed appeared first on Colombo Telegraph.
Sri Lanka's central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund.The post Sri Lanka resumes rate cuts to boost growth as inflation cools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Central Bank of Sri Lanka has further reduced policy interest rates by 100 basis points, at the first monetary policy review by the Monetary Policy Board under the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA). In this review, the Board decided to reduce the Standing Deposit Facility Rate (SDFR) and […]
The World Bank predicts that Sri Lanka’s poverty will increase to 27.9 percent in 2023 from 25 percent in 2022 as the country continues to suffer from the most extreme deployment of ‘macro-economic policy’ in the history of its central bank. The World Bank in a report titled ‘Sri Lanka Development Update: Mobilizing Tax Revenue […]
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation
The World Bank revised up its forecasts for Sri Lanka s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
The West has labeled China’s Belt and Road Initiative as a cohesive program, and the participating countries like Sri Lanka are looked upon with suspicion, President Ranil Wickremesinghe said on Thursday (28) at the Berlin Global Conference. “This will further hurt economic prospects in the global South, and the polarization will become more evident,” he […]