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Maldives Parliament Speaker Mohamed Nasheed briefed the People’s Majlis today on talks being held between the International Monetary Fund (IMF) and Sri Lanka. Avas Online quoted Nasheed as telling the Maldives Parliament that he was informed the IMF is discussing a recovery package with Sri
- Maldives Speaker to coordinate relief assistance for Sri Lanka (Category: Breaking News)
- Maldives President assures Sri Lanka every possible support (Category: Breaking News)
- Harsha claims MBS rejected Nasheed’s request to help Sri Lanka (Category: Breaking News)
- IMF holds talks with Prime Minister Ranil Wickremesinghe (Category: Breaking News)
Investors are betting that Sri Lanka will win final approval for about $2.9 billion bailout from the International Monetary Fund on Monday, a key step for the bankrupt nation to revive its economy from the worst crisis in decades.
All eyes will be on Washington today as the Executive Board of the International Monetary Fund (IMF) meets to decide on the Extended Fund Facility (EFF) arrangement for Sri Lanka. Peter Breuer, Senior Mission Chief for Sri Lanka, Asia and Pacific Department, IMF and Masahiro Nozaki, Mission Chief
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- IMF denies claims it recommended postponing LG polls (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
By Sanath Nanayakkare in India Sri Lanka’s economic recovery process will gather momentum after the International Monetary Fund (IMF) grants an extended fund facility of USD 2.9 billion dollars, says Puneet Agrawal, Joint Secretary, Indian Ocean Region.Agrawala said so, addressing several Sri
- Navy seizes two poaching trawlers and 15 Indian fishermen (Category: Breaking News)
- Navy catches more Indian vessels for poaching (Category: Breaking News)
- India lifts onion export ban for neighbour Sri Lanka (Category: Breaking News)
- Six Indian fishermen arrested by Sri Lanka Navy (Category: Breaking News)
Sri Lanka will introduce new central bank legislation aimed at bolstering the bank's independence, accountability and also price stability in the country via a new inflation target, its governor Nandalal Weerasinghe said on Thursday.The post Sri Lanka to introduce new central bank law, inflation target appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka has made good progress in negotiations with IMF – CBSL chief (Category: Breaking News)
[…]The post The NPP Factor: Rise Of Left-Wing Populism In Sri Lanka appeared first on Colombo Telegraph.
- JVP’s Popularity & Ranil’s IMF Prop (Category: Breaking News)
- JVP-NPP & Lankan Left Populism’s Lacunae & Lapses (Category: Breaking News)
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- Black & White; No Shades? (Category: Breaking News)
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s economy shrinks 11.8% in second-worst performance (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
Public employees at Sri Lanka's ports, hospitals, schools, and railways went on strike on Wednesday to protest against high costs of living as the country struggles to recover from a severe financial crisis.The post Sri Lanka’s public workers strike to press for lower taxes, power bills appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- 11 office train services cancelled due to strike (Category: Breaking News)
- Train strike called off (Category: Breaking News)
- Sri Lanka’s Railway Department cancels 20 office trains due to ongoing strike (Category: Breaking News)
- Army personnel deployed to 32 railway stations in Sri Lanka (Category: Breaking News)
By Shamindra Ferdinando President Ranil Wickremesinghe, who is also the Finance Minister, recently named three persons – all women -whose intervention supposedly brought relief to bankrupt Sri Lanka. UNP leader Wickremesinghe paid glowing tributes to Indian Finance and Corporate Affairs Minister Nirmala Sitharaman, US Secretary of State Janet Yellen, and IMF Managing Director and Chairman [&...
- Yellen ‘eager’ to work with China on debt, other global challenges (Category: Breaking News)
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
- Shocking claim in House: Bandula reveals how sugar importers, their henchmen trapped Prez (Category: Breaking News)
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
- Economic Realities & Political Promises (Category: Breaking News)
- Middle class Sri Lankans forced to migrate due to proposed new income tax policy? (Category: Breaking News)
- Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To ... (Category: Breaking News)
- PAYE Tax; Will There Be A Mass Exodus? (Category: Breaking News)
India extend its assistance to Sri Lanka without waiting on others During a recent visit by the Indian External Affairs Minister Dr. Jai Shankar to Sri Lanka, Foreign Minister Ali Sabri expressed his deep appreciation and gratitude to India on behalf of President Ranil Wickremesinghe and the government and people of Sri Lanka, for assisting […]
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
- India tells IMF to clear the path for Sri Lanka (Category: Breaking News)
- Jaishankar meets Mahinda before concluding visit (Category: Breaking News)
- China’s delays in restructuring the debt have put Sri Lanka in an awkward position. (Category: Breaking News)
By SHIHAR ANEEZ Sri Lanka expects to present an anti-corruption bill to the parliament in coming days, Cabinet Spokesman said, as the island nation has been urged by the International Monetary Fund (IMF) to reduce corruption. The IMF has urged Sri Lanka to reduce corruption vulnerabilities
- CBK: Proposed anti-corruption bill inadequate to end widespread problem (Category: Breaking News)
- IMF agreement with Sri Lanka must be contingent on critical reforms- US senate committee (Category: Breaking News)
- Govt gazettes new anti-corruption bill after IMF deal (Category: Breaking News)
- CSI calls for inclusion of IMF identified actions in programme (Category: Breaking News)
[…]The post IMF & LG Elections: Presidential Machinations & Opposition Myopia appeared first on Colombo Telegraph.
- LG Elections & Ranil’s Narrowing Options (Category: Breaking News)
- Economic Gloom, LG Polls & Coalitions Of Clowns (Category: Breaking News)
- SJB: Has Prez made LG polls disappear? (Category: Breaking News)
- Government says postponing LG polls not discussed (Category: Breaking News)
By Shamindra Ferdinando The US embassy declined to comment on Pivithuru Hela Urumaya (PHU) leader and Parliamentarian Udaya Gammanpila’s declaration of CIA Director William Joseph Burns top secret visit to Colombo on Feb. 14. The Island raised this issue with the US embassy spokesperson twice on 15 Feb. and 06 March. On both occasions, the […]
- Udaya urges govt., US embassy to come clean (Category: Breaking News)
- CP asks whether CIA chief was among US officials who visited Colombo on the sly (Category: Breaking News)
- Wimal questions JVP’s deafening silence over CIA Chief’s visit (Category: Breaking News)
- Wimal: SIS to be placed under CIA (Category: Breaking News)
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
- Minister Sabry praises India for being first country to support Lanka’s debt restructuring (Category: Breaking News)
- Sabry denies China caused SL debt crisis (Category: Breaking News)
- ‘War crimes’: Not only individuals but also entire fighting divisions ‘blacklisted’ – Foreign Mi... (Category: Breaking News)
- Sri Lanka hopeful China will provide debt restructuring assurances - Sabry (Category: Breaking News)
Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation's central bank governor told Reuters.The post Sri Lanka to announce debt restructuring strategy
- Sri Lanka to announce debt restructuring strategy in April  CBSL governor (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation’s Central Bank Governor told Reuters. The crisis-hit island has secured financing
- World welcomes 2023 and leaves a stormy year behind (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances (Category: Breaking News)
- Rights group seeks arrest of Gotabaya Rajapaksa in Singapore (Category: Breaking News)
- England’s Wood, Malan in doubt for T20 World Cup semi-final (Category: Breaking News)
The International Monetary Fund (IMF) on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout.The post IMF board poised to approve $2.9 billion Sri Lanka
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- IMF board poised to approve USD 2.9 Bn Sri Lanka bailout on March 20 (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) will decide on Sri Lanka’s Extended Fund Facility (EFF) at its meeting on 20 March, IMF Managing Director Kristalina Georgieva said. Georgieva welcomed the progress made by the Sri Lankan authorities in taking decisive policy
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- IMF denies claims it recommended postponing LG polls (Category: Breaking News)
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim
- An Open Letter & Appeal To The IMF (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
- President Ranil Wickremesinghe Rescued & Stable Economy In Sri Lanka – An Inquiry (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
Colombo sees the Adani projects in Sri Lanka as a “government to government kind of deal”, said Sri Lankan Foreign Minister MUM Ali Sabry, as it was the Indian government that had identified the Adani group for infrastructure projects including Northern Sri Lanka wind power project.The post Adani investment has come in, we are not panicking about projects: Ali Sabry appeared first on Sri Lanka New...
- Adani investment has come in, we are not panicking about projects- Ali Sabry (Category: Breaking News)
- A China rivalry twist emerges in Sri Lanka’s new US-funded, Indian-built port (Category: Breaking News)
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- Telangana Minister slams Sri Lanka’s deal with Adani (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka (CBSL), at its meeting held on 03 March 2023, decided to raise the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points to 15.50 percent and 16.50 percent, respectively, effective from the close of […]
- IMF approves long-awaited $3 billion bailout for Pakistan (Category: Breaking News)
- Sri Lanka receives IMF Executive Board approval for USD 2.9 bn bailout package (Category: Breaking News)
- IMF finalizes first review of Sri Lanka s bailout package (Category: Breaking News)
- IMF board poised to approve USD 2.9 Bn Sri Lanka bailout on March 20 (Category: Breaking News)
Sri Lanka's central bank raised interest rates in an unexpected move on Friday in a bid to help the country secure a bailout package from the International Monetary Fund (IMF) to stabilise its crisis-hit economy.The post Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements
- IMF Deal will cut Sri Lanka borrowing costs, Central Bank Chief says (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
By Easwaran Rutnam The International Monetary Fund (IMF) has defended the tax reforms which has drawn strong public opposition in Sri Lanka. The IMF said the current economic crisis has a number of origins, including the government’s inability to meet government spending needs through its revenue
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- Sri Lanka seeks support to expedite response from IMF (Category: Breaking News)
Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported.The post China tells IMF willing to take constructive part in debt talks
- China calls for joint efforts to ease Sri Lanka’s debt burden (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
Sri Lanka's key inflation rate eased to 50.6% in February from 51.7% in January, the statistics department said on Tuesday, as food prices eased.The post Sri Lanka’s key inflation rate eases to 50.6% in February appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 25.2% in May (Category: Breaking News)
- Sri Lanka’s inflation eases to 2.5% in March 2024 (Category: Breaking News)
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
The European Investment Bank (EIB) says it is monitoring the offer made to Sri Lanka by the International Monetary Fund (IMF). Sri Lanka Ambassador to Belgium, Luxembourg, and Head of Mission to the European Union Grace Asirwatham met with Vice President of the European Investment Bank Kris Peeters
- Bogollagama presents Copy of Letter of Credence to UK FCO (Category: Breaking News)
- Academy of International Business and University of the Pacific sign Memorandum of Understanding (Category: Breaking News)
- BASL concerned over Ranil’s attack on Saliya Pieris (Category: Breaking News)
- Sri Lanka to be promoted as a market for Chinese cruise ships (Category: Breaking News)
The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.The post World Bank’s IFC to provide Sri Lanka with $400 million financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- World Bank s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- Sri Lanka’s workers’ remittances exceed USD 400 Million in January 2024 (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
The International Monetary Fund (IMF) on Saturday called for ‘timely and orderly processes’ under common framework with regards to Sri Lanka’s debt resolution. The island nation faced severe economic crisis which resulted in high debt.The post IMF calls for ‘timely and orderly processes’
- IMF chief seeks timely resolution of Sri Lanka’s debt restructuring (Category: Breaking News)
- IMF calls for timely and orderly processes of debt resolution for Sri Lanka (Category: Breaking News)
- IMF chief Georgieva cites ‘fruitful exchange’ with China on debt issues (Category: Breaking News)
- Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space – IMF (Category: Breaking News)
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