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The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.The post World Bank approves $700 Million for crisis-hit Sri Lanka appeared
[…]The post DDR & The Moral-Cum-Political Question appeared first on Colombo Telegraph.
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post On The Current Debate Among Left Intellectuals appeared first on Colombo Telegraph.
By DR. DAYAN JAYATILLEKA For a country with a deep crisis, galloping poverty and a very significant Left (JVP-NPP and FSP), there is a paradoxically thin contribution by the leftwing intelligentsia. This can be contrasted by a cursory glance at the volumes of back issues of the Lanka Guardian
Actually LKI owed public an explanation as to why it never addressed the accountability issue and related matters in spite of it being the toughest foreign affairs challenge faced in post-independence era. There is no harm in addressing a variety of issues of interest but the failure on the part of the LKI to examine […]
Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P Nandalal Weerasinghe said on Sunday (Jun 25), as the island navigates its worst financial crisis in decades. Sri Lanka will also likely obtain Cabinet and parliamentary approval for the debt
There will be a Panel discussion on “The Role of Domestic Aviation in Sri Lankan Tourism” at the OPA on 27th June (Tuesday). A panel of eminent experts will discuss, among other things, how to attract foreign exchange amidst the country’s worst-ever economic crisis.
ECONOMYNEXT –Sri Lanka has been moving forward in bilateral debt negotiations by talking to individual creditors despite a clearly defined process for dealing with Paris Club and other creditors, President Ranil Wickremesinghe had said last week. Sri Lanka was following a ‘debtor led’ strategy by reforming the economy and also aiming at a ‘highly efficient […]
United States Ambassador to Sri Lanka Julie Chung hosted an event in Colombo on June 22 to mark the 247th anniversary of America’s Declaration of Independence. Ambassador Chung took the opportunity to also highlight the anniversary of 75 years of a strong and enduring partnership between the United States and Sri Lanka. Minister of Foreign Affairs Ali […]
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran
[…]The post RW’s Plea In Paris & Predicament At Home appeared first on Colombo Telegraph.
United States Ambassador to Sri Lanka Julie Chung hosted an event in Colombo on Thursday (22) to mark the 247th anniversary of America’s Declaration of Independence. Ambassador Chung took the opportunity to also highlight the anniversary of 75 years of a strong and enduring partnership between the United States and Sri Lanka. Minister of Foreign […]
Friday 23rd June, 2023 SriLankan Airlines came under a scathing attack in Parliament on Wednesday. In what turned out to be a rare moment of unity among warring political parties, both sides of the House joined forces to bash the so-called national carrier left, right and centre. Not that the beleaguered airline does not deserve […]
Twenty-two Indian fishermen have been detained in Sri Lankan waters, northwest of Delft Island, Jaffna. The Sri Lanka Navy said that a special operation was carried out yesterday (21st June) to chase away Indian trawlers poaching in Sri Lankan waters. The operation led to 04 Indian trawlers being detained with 22 Indian fishermen, the Sri […]
By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies
By Shamindra Ferdinando UNDP Resident Representative in Colombo, Azusa Kubota, accompanied international expert on parliamentary development, Kevin Deveaux, to meet Speaker Mahinda Yapa Abeywardena at the Parliament on 14th June. They were joined by Policy Expert and Head of Governance, UNDP Colombo, Chandrika Karunaratne. Japanese national Kubota took over the UNDP mission in Colombo in […]
The Sri Lanka Government has not yet taken a final decision regarding the domestic debt optimization programme, Minister of State for Finance Shehan Semasinghe said.The post Sri Lanka Government has not taken a final decision yet regarding domestic credit optimization – Minister of State for Finance appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka ...
[…]The post Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table appeared first on Colombo Telegraph.
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March.The post World Bank set to approve $700 Million for Sri
ලබන සතියේදී ශ්රී ලංකාව වෙනුවෙන් ඩොලර් මිලියන 700ක අරමුදලක් ලෝක බැංකුව විසින් අනුමත කිරීමට නියමිත බව රොයිටර්ස් පුවත් සේවය වාර්තා කර තිබෙනවා. “COLOMBO, June 19 (Reuters) – The WorldThe post ලෝක බැංකුවෙන් ඩොලර් මිලියන 700ක් ? appeared first on ITN News.
By N Sathiya Moorthy Addressing a teacher-centric event at ‘Temple Trees’ the other day, President Ranil Wickremesinghe underscored the importance of English education and promised to ensure that teachers and necessary resources are provided for the purpose. In the same vein, he also highlighted that the opportunity should also be given to learn languages such as […]
Sri Lanka's economy (LKGDP=ECI) shrank 11.5% in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.The post Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues appeared
creditors to discuss Sri Lanka’s ongoing debt crisis. Gunawardena said the country’s economy showed [...
Thursday 15th June, 2023 Sri Lanka Customs has reportedly informed the government that it will not be able to meet its revenue targets due to the existing ban on vehicle imports. It has suggested that a foreign credit line be opened for the import controls at issue to be eased. But the question is why […]
foreign credit line to facilitate vehicle imports proposed Revenue shortfall Rs 443 bn: By Shamindra Ferdinando Sri Lanka Customs has warned the Finance Ministry that it will fall short of its revenue targets for 2023 by at least Rs. 443 bn unless the government abolishes the ban on vehicle imports as well as restrictions on […]
Sri Lanka's President Ranil Wickremesinghe is likely to discuss the crisis-stricken nation's debt with Paris Club members on the sidelines of a trip to France next week, sources familiar with the matter told Reuters on Tuesday.The post Sri Lanka president to hold debt talks on France visit –