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The International Monetary Fund (IMF) has noted progress in Sri Lanka’s economic reforms program. An IMF mission team led by Messrs. Peter Breuer and Masahiro Nozaki visited Colombo from June 20 to 30, 2022 to discuss IMF support for Sri Lanka and the authorities’ comprehensive economic reform program. Ms. Anne-Marie Gulde-Wolf, Deputy Director of the […]
President Rajapaksa government has accused Qatar Charity of funding terrorism activities and frozen its accounts.
No staff level agreement yet, creditor assurances needed
Sri Lanka’s ongoing economic crisis is “utterly complicated. Coming months will be very tough,” he said.
Worst crisis in modern times
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
Dhammika Perera has been backing successive government and held posts in some while running his businesses
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
Money for medicines allocated
Sri Lanka has been trying to improve its diplomatic relations with the US after rejecting MCC.
Sri Lanka has sought a credit line from Qatar for fuel and gas. Energy Minister Kanchana Wijesekera met with the Deputy Director General of the Qatar Fund for Development today. He said he discussed a possible credit line facility for petroleum and gas. “Was informed that funds has been allocated for medical supplies and will […]
most in need during the current economic crisis. The funding aims to […]
The cabinet has given the approval to re-initiate the operation effecting from July 01,2022
Agriculture contracted 6.8 percent, industry shrank 4.7 percent but service grew 0.7 percent
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
Selected firms will have to import fuel on credit and runs a currency risk
Oil agents asks Central Bank, Treasury to deal directly with principals
The Bar Association of Sri Lanka (BASL) has accused the authorities of misleading the public on the fuel supply. BASL noted that the Minister of Power and Energy held a press conference on 26th June 2022 and the information revealed at this press conference made it clear that the public have been kept in the […]
A high-level US delegation held talks with President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe in Colombo today. The US Ambassador to Sri Lanka, Julie Chung said that they discussed Sri Lanka’s economic crisis. “It’s a challenging time, but we continue to deliver assistance
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“We’re ready to take it up,” said Dissanayake.
Companies with more than 60-pct dollar revenues will have to pay bills in dollars
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
Sri Lanka unable to import fuel due to broken soft-peg
Oil suppliers wary to supply Sri Lanka after recent downgrades
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A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State arrived in Sri Lanka today. The delegation will be in Sri Lanka from June 26 – 29. Members of the delegation include Robert Kaproth, Deputy Assistant Secretary of Treasury for Asia, and Ambassador Kelly Keiderling, Deputy Assistant Secretary of […]
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