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The International Monetary Fund (IMF) on Thursday (06) asserted that Sri Lanka could soon reach agreements with external commercial creditors consistent with programme parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front,”
Transparency International Sri Lanka (TISL) filed legal action in the Supreme Court challenging the Public Financial Management Bill, highlighting concerns related to public procurement. The petition (SC SD 77/2024) points out that Clause 32 of the Bill seriously weakens the controls on public procurement, thereby enhancing the corruption risk and weakening the level playing field. […]
The International Monetary Fund (IMF) says macroeconomic policy reforms are starting to bear fruit in Sri Lanka. Julie Kozack, Director of the IMF Communications Department said that commendable outcomes include rapid disinflation, robust reserve accumulation, and initial signs of economic growth
The International Monetary Fund (IMF) believes Sri Lanka will soon finalize agreements with external commercial creditors that align with program goals.The post IMF expects Sri Lanka to finalize deals with creditors soon appeared first on Sri Lanka News | Breaking News & Top Stories in Sri
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters.
Japan, Sri Lanka’s largest bilateral lender after China, emphasized yesterday (June 5) the need for Sri Lanka to expedite its debt restructuring efforts for its own benefit.The post Japan urges Sri Lanka to speed up debt restructuring ahead of IMF review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
United National Party (UNP) General Secretary Palitha Range Bandara maintained his call to postpone the upcoming elections. Range Bandara stood by his controversial statement made earlier saying postponing the polls was Constitutional. Bandara noted that there has been criticism over his statement but he said the criticism did not come from Samagi Jana Balawegaya leader […]
The International Monetary Fund (IMF) Executive Board is set to review Sri Lanka’s progress under the Article IV consultation and the second review of the Extended Fund Facility (EFF) on June 12th. State Minister of Finance, Shehan Semasinghe said that the crucial session will assess
The Article IV Consultation and the second review under the Extended Fund Facility (EFF) for Sri Lanka are scheduled for discussion at the International Monetary Fund’s (IMF) Executive Board meeting on June 12, 2024, according to Sri Lanka’s State Minister of Finance Shehan Semasinghe.The post IMF executive board meeting on June 12 for Sri Lanka’s second review appeared first on Sri Lanka Ne...
The Article IV Consultation and second review under the Extended Fund Facility (EFF) for Sri Lanka are on the International Monetary Fund s (IMF) Executive Board meeting agenda for June 12, says State Minister of Finance Shehan Semasinghe.
[…]The post Is President Wickremesinghe Following In The Footsteps Of His Uncle, President Jayewardene, In 1982? appeared first on Colombo Telegraph.
Prime Minister Dinesh Gunawardena insisted that there has not been any discussion in the Government on postponing the Presidential elections. The Prime Minister told reporters that an irresponsible statement had been made on a matter that was never discussed in the Government. United National Party (UNP) General Secretary Palitha Range Bandara had proposed postponing the […]
The Sri Lanka Podujana Peramuna (SLPP), which commands a majority in Parliament, has opposed a proposal to postpone the Presidential and Parliament elections. SLPP National Organiser and MP Namal Rajapaksa said that postponing elections is not healthy for any democracy. “Postponing elections is not healthy for any democracy. Extending the terms of the President and […]
The United National Party (UNP) has proposed postponing the Presidential and Parliament elections to keep President Ranil Wickremesinghe in power. UNP General Secretary Palitha Range Bandara said that the economy needs to be rebuilt and the agreement with the International Monetary Fund (IMF
, the International Monetary Fund indicated that […]
President Ranil Wickremesinghe announced that the initiative to provide job opportunities for unemployed youth will commence once the country overcomes bankruptcy this year. The President also mentioned that next year will see the launch of a program aimed at introducing modern agriculture to villages in collaboration with private companies to revitalize the export economy. President Ranil Wickrem...
with the International Monetary Fund (IMF) in respect of anti-corruption measures. The former Minister said [&...
Sri Lanka's consumer price inflation rose to 2.7% in April from 2.5% in March, according to official data released on Tuesday, as reported by Reuters.The post Sri Lanka’s April inflation climbs to 2.7%, up from March’s 2.5% appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The International Monetary Fund (IMF) this week praised Sri Lanka for the progress it has made in implementing economic reforms, despite the difficulties faced by the public.The post IMF praises Sri Lanka’s economic progress amid challenges appeared first on Sri Lanka News | Breaking News
[…]The post The Deciding Factor In Sri Lanka’s Election Debate: Policy Or Public Frustration? appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) says Sri Lanka is yet to finalize agreements with bondholders and creditors. Julie Kozack, Director of Communications at the IMF said that the initial debt restructuring negotiations with external bondholders ended in mid-April without an agreement
The International Monetary Fund (IMF) has highlighted Sri Lanka s commendable macroeconomic policies, rapid inflation decline, and steady economic growth.
A discussion took place on Monday (May 13) at the Galle Face Hotel premises between the U.S. Assistant Secretary of State for South and Central Asian Affairs, Donald Lu, who is currently in Sri Lanka, and representatives of the National People's Power (NPP).The post U.S. Officials discuss Sri Lanka’s economic and security issues with NPP appeared first on Sri Lanka News | Breaking News &...
[…]The post Economic Growth, National Security, And What Next For Sri Lanka appeared first on Colombo Telegraph.
[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis appeared first on Colombo Telegraph.
On-arrival visa controversy: By Shamindra Ferdinando The SJB has called upon the government to explain why the Department of Immigration and Emigration had entered into an agreement with VFS Global-led grouping for the issuance of online visas against the backdrop of SLT Mobitel offering the same service at a much lower cost. Prof. G. L. […]
2100 new Grama Niladhari officers were awarded appointment letters today (May 08) by the Sri Lankan President, Ranil Wickremesinghe, at Temple Trees.The post 2100 new Grama Niladhari officials appointed appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
Sri Lanka’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022 and angry protests that led to the ouster of […]
[…]The post Pointless Debate On The Economy When Issue At Hand Is Much Broader appeared first on Colombo Telegraph.