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[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
Video: Finance Ministry’s statement on recent meetings with IMF, World Bank (English)
The Ministry of Finance says international financial institutions (IFIs) have emphasized the importance of maintaining social stability and protecting democratic institutions in the country for them to assist Sri Lanka to effectively manage the economic issues confronted by the country and the people.
The International Monetary Fund (IMF) wants social stability maintained in order to help Sri Lanka to effectively manage the economic issues. The Finance Ministry said that International Financial Institutions (IFIs), including the IMF, have emphasized the importance of maintaining social stability and protecting democratic institutions in the country for them to assist Sri Lanka to […]
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
[…] The post Ali Sabry’s Misplaced Optimism appeared first on Colombo Telegraph.
All Sri Lanka's creditors will be treated equally in a planned restructuring of the country's debt, its central bank governor said on Friday, adding that he expected progress in talks with the... Click on the headline to read the full story
Sri Lanka s headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 29.8% in April from 18.7% in March, the Central Bank of Sri Lanka (CBSL) says.
Finance Ministry will issue a new gazette notification under the Import and Export Control Act, making all payments on imports to Sri Lanka through a banking system compulsory, says the Central Bank Governor.
22-04-2022, Amsterdam: In the latest series of EFSAS interviews, Mr. Junaid Qureshi (Director EFSAS) welcomed virtually Professor Mick Moore, a highly regarded political economist and professorial fellow at the Institute of Development Studies at the University of Sussex. He is also the founding CEO of the International Centre for Tax and Development and was appointed […]
ශ්රී ලංකා මහ බැංකුවේ මුදල් මණ්ඩලයේ 72වන වාර්ෂික වාර්තාව නිකුත් කර තිබේ.
While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of Government securities and Sri Lanka Development Bonds will not be restructured, Central Bank Governor Dr. Nandalal Weerasinghe announced Thursday (April 28).
What was good for Sri Lanka under British colonial rule 75 years ago may be worth a try again. Or at least that’s what Mark Mobius, the former emerging markets guru at Franklin Templeton Investments,... Click on the headline to read the full story
Many schools in Colombo were shut and several train stations deserted on Thursday as teachers and train drivers joined mass walkouts demanding President Gotabaya Rajapaksa's government quit over Sri... Click on the headline to read the full story
Trade unions today launched a major strike crippling key operations across the country. Transport, port, health and banking sectors are among those affected by the one-day token strike. The strike is in support of the ongoing protests calling on President Gotabaya Rajapaksa and his administration to step down. Federation of University Teachers’ Association (FUTA) was […]
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[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN).
Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN). The post Fitch Places 12 Sri Lankan non-bank... Click on the headline to read the full story
The World Bank has agreed to provide USD 600 million in financial assistance to address the current economic crisis in Sri Lanka, the President s Media Division (PMD) says.
The World Bank has agreed to provide USD 600 Million in financial assistance as a solution to Sri Lanka’s current economic crisis. The post World Bank to provide USD 600 Million to Sri Lanka... Click on the headline to read the full story
New conditions have been approved by the Cabinet to issue long term residence visas for foreign investors. Approval of the Cabinet of Ministers was granted at their meeting held on 07th March 2021 for introducing a new methodology instead of previously existed VISA issuance methodology for long – term residence VISA issuance. The Cabinet of […]
[…] The post Debt Trap, Lack Of Accountability & Blunders appeared first on Colombo Telegraph.
[…] The post Could The Central Bank New Governor Alone Grasp The Nettle! appeared first on Colombo Telegraph.
[…] The post මහ බැංකුවේ අධිපතිට පමණක් මේ අර්බුදයෙන් ගැලවීමට උරදිය හැකිද? appeared first on Colombo Telegraph.
Colombo: India continues help its close neighbor Sri Lanka which is facing the worst economic crisis in its history, by lending economic support and assistance. Indian Minister of Finance Nirmala Sitharaman told The International Monetary Fund recently to help Sri Lanka by extending its rapid aid facility even though Sri Lanka is classified as middle […]
China has cautioned Sri Lanka on the negotiations with the International Monetary Fund (IMF) saying it could impact talks with China. China’s Ambassador Qi Zhenhong was quoted as saying that Sri Lanka’s talks with the IMF will have an impact on Sri Lanka’s attempt to secure a US $ 2.5 billion loan from China. Ambassador […]
The Colombo Magistrate’s Court has issued another foreign travel ban on former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal. The post Court issues another travel ban on... Click on the headline to read the full story
The Colombo Magistrate s Court has issued another foreign travel ban on former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal.
Sri Lanka’s largest Bancassurance provider, Union Assurance PLC has entered into a Bancassurance partnership with global banking giant Standard Chartered. This is a key milestone for Union Assurance as it further expands its Bancassurance footprint in Sri Lanka. The partnership focuses on offering customers of Standard Chartered a range of best-in-class insurance solutions comprising savings, [...