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[…]The post Why Civil Society Is In Error appeared first on Colombo Telegraph.
Sri Lankan lawmakers began debating a proposed constitutional amendment on Thursday that would trim the powers of the president, a key demand of protesters who are seeking political reforms and solutions to the country’s dire economic crisis.The post Sri Lankan lawmakers debate bill to trim presidential powers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
"The government is ready to discuss this further," he said.
They said they have also reduced the dosage of intakes of medicines per day
[…]The post Ranil-Rajapaksa: The Bells Shall Toll For The ‘Hilters’ Of Our Time! appeared first on Colombo Telegraph.
Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided […]
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023.The post Bangladesh hopeful Sri Lanka will repay debt of $200 Million by March 2023 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, Governor of Bangladesh Bank, provided a positive outlook on the matter after a meeting with his Sri Lankan counterpart Nandalal Weerasinghe in the United States. The central bank chief travelled […]
[…]The post IMF Must Become More Than Just A Debt Collector For Private Creditors appeared first on Colombo Telegraph.
The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka’s debt talks but is still awaiting a reply, a source with direct knowledge of the matter told Reuters. Paris Club officials reached out to two of Sri Lanka’s biggest bilateral creditors after the crisis-hit nation […]
The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but is still awaiting a reply, a source with direct knowledge of the matter told Reuters on Thursday.The post Paris Club ready for close coordination with China, India on Sri Lanka debt talks – source appeared first on Sri Lanka News - Latest Breaking News in Sri...
by Neville Ladduwahetty During the course of his address, as Chair of the 55th Annual meeting of the Asian Development Bank, Sri Lanka’s President, Ranil Wickremesinghe, said, “As they say, in many of our countries, when the elephants fight, it is the grass that is crushed”. As far as Sri Lanka is concerned, its strategically […]
By Shamindra Ferdinando Foreign Minister Ali Sabry has reiterated that a handful of persons who advised President Gotabaya Rajapaksa caused the unprecedented economic meltdown. Sabry has alleged that politicians, officials, public sector as well as the trade unions are responsible for the crisis. The Minister said so in response to ‘Hiru’ anchor Chamuditha Samarawickrema seeking […]
ECONOMYNEXT – Sri Lanka has to do transformational reforms and improve governance to come out of the current crisis a senor World Bank official said, as the island suffers the worst currency crisis in the history of its intermediate regime central bank.Sri Lanka’s gross domestic product is expected to shrink to 9.2 percent in 2022 according to World Bank projections after a collapse of the r...
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
This currency crisis and banking crisis were originated firstly by policy mis-management from the central bank
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered few international headlines. But Sri Lankans are suffering amid the […]
Resolution framework being fine-tund
Sri Lanka economic crisis aggravated after the collapse of rupee in March 2022
Sri Lanka also hit by import control
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks
The United Nations Human Rights Council (UNHRC) does not have the expert knowledge or mandate to dictate terms on economic reforms to Sri Lanka, Foreign Affairs Minister Ali Sabry, PC stressed.The post UNHRC cannot dictate on economic reforms in Sri Lanka – Foreign Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Politics Of Protests appeared first on Colombo Telegraph.
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
(Nikkei Asia) Sri Lanka’s government appears increasingly upbeat about its chances of receiving International Monetary Fund (IMF) board approval for a USD 2.9 billion bailout by December, but the multilateral lender has cautioned that the time frame remains uncertain, and much depends
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
Due to current economic conditions social problems were worsening,
Sri Lanka’s Government appears increasingly upbeat about its chances of receiving International Monetary Fund board approval for a $2.9 billion bailout by December, but the multilateral lender has cautioned that the time frame remains uncertain, and much depends on discussions