Feb 19, Washington, DC: The International Monetary Fund (IMF) believes that that the exchange rate should be flexible to ensure that Sri Lanka reserves remain healthy and that the economy is competitive.

The United Nations Security Council unanimously approved sending an additional 2,000 peacekeepers to the Ivory Coast, citing the lack of security facing the more than 9,000 troops and police officers already there. So many soldiers are required to protect the Golf Hotel, home to Alassane Ouattara, the man recognized as president by the UN and the international community, as ...

The International Monetary Fund says economic conditions have shown remarkable progress with low inflation, which is expected to remain in single digits for the year, strong external balances, a high rate of remittance inflows, comfortable levels of gross reserves and rapidly improving tourism

The Speech given by Deputy Minister of Finance and Planning Dr. Sarath Amunugama at the 2010 Annual Meeting of the International Monetary Fund and World Bank Group. Click to view full statement…

Sri Lanka has successfully achieved the key September 2010 programme targets, namely, Net International Reserves (NIR), Reserve Money (RM) and Net Domestic Financing (NDF) under the IMF-SBA (International Monetary Fund – Stand By Arrangement), states the Central Bank. .

Oct 05, Colombo: Sri Lanka has successfully achieved the key targets set by the International Monetary Fund (IMF) under its US$ 2.6 billion stand-by agreement (SBA) for September, the Central Bank said today.

The International Monetary Fund on Friday agreed to release around $213mn to Sri Lanka designed to top up the island’s dwindling foreign reserves. The IMF moves to repair battered finances had been “satisfactory” as it dished out the fifth instalment of a loan that now totals just under $1.3bn.

The International Monetary Fund on Friday agreed to release around 213 million dollars to Sri Lanka designed to top up the island's dwindling foreign reserves.

The International Monetary Fund has agreed to release around USD 213 million to Sri Lanka designed to top up the island’s dwindling foreign reserves.

The International Monetary Fund (IMF) says that fundamental tax reform, including reform of the investment promotion regime, is central to achieving the government’s budget deficit reduction targets while creating the fiscal space for much-needed reconstruction and infrastructure investment

By GABRIELLA STERN NEW YORK -- Sri Lanka's president said Wednesday that rising labor costs in China present an opportunity for his South Asian country to attract foreign companies seeking an alternative low-cost manufacturing base....

By Vidya Abhayagunawardena A World Bank report titled “Sri Lanka: Reshaping Economic Geography- Connecting People to Prosperity”, released in August, provides new insights on the geographic transformations in the country and identifies public policy priorities for connecting people lagging economically....

A visiting International Monetary Fund (IMF) mission in Sri Lanka to review its programme in the country expressed satisfaction over the progress of the Sri Lankan economy. The mission said today (23) that it could make the necessary recommendation to release the next tranche of US$ 200 million

Sri Lanka may not tap loans from the International Monetary Fund immediately as foreign-exchange reserves have climbed to a record, Deputy Finance Minister Sarath Amunugama said.

An International Monetary Fund (IMF) delegation is currently in Sri Lanka to evaluate the IMF facilities provided to the country. The delegates of the IMF Review Mission are in the process of consulting local authorities. The visiting delegates and the IMF Resident Representative in Sri Lanka Dr

The foreign reserves in Sri Lanka have increased. The International Monetary Fund granted two more loan installments to Sri Lanka recently. The Central Bank has said that accordingly the foreign reserves have increased to 5.7 billion US dollars. This amount would be adequate for 6 more months

The conditions imposed by the International Monetary Fund (IMF) and World Bank (WB) over the Sri Lankan economy were obediently carried out by United National Party when they came to power in 2002. The present Government does not adhere to such conditions. We are totally

Sri Lanka’s sovereign rating, which is on par with Kenya and Ukraine, may be raised as funds from a $2.5 billion International Monetary Fund loan improved the “external liquidity situation,” Standard & Poor’s said, speaking to Bloomberg News. The rating agency in October raised its outlook

Minister Basil Rajapaksa has emphasized that the Government will not alter the economic policies to suit international monetary agencies, betraying the sovereignty of the country. Opening the Budget debate on behalf of the Government, he said this is the first time that the Government succeeded in securing 2.6 Billion US Dollars assuring that it would ...

President Mahinda Rajapaksa says the unfavorable attitude towards Sri Lanka was fast changing with even the United Nations, the Asian Development Bank and the International Monetary Fund now looking at...

A team of officials from the International Monetary Fund (IMF) together with a team of officials from the Central...

The worldÂ?s four most important emerging economies, including India and China, today warned that the International Monetary Fund (IMF) and the World Bank would become obsolete unless they reform themselves. READ MORE....

The International Monetary Fund will continue to provide further assistance to Sri Lanka as three vital benchmarks agreed by the IMF to qualify for further assistance has been achieved. Central Bank Governor Ajith Nivard Cabraal said that assistance totaling about 650 million US dollars

Gold now makes up 10 percent of Sri Lanka’s foreign reserve assets after the country tripled its gold holdings with a purchase from the International Monetary Fund in 2009. The World Gold Council, an industry advocacy body said gold made up 10 percent of the country’s foreign reserve