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Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.The post IMF Deal will cut Sri Lanka borrowing costs, Central Bank Chief
- Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor (Category: Breaking News)
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Treasury bond scams: SJB drags Lotus Tower into ‘conflict’ as SLPP attacks ‘footnote’ gang (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Sajith demands tough action against those targeting Lankans with pyramid scams (Category: Breaking News)
• The IMF Board approved a 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 2.286 billion (about US$3 billion) to support Sri Lanka’s economic policies and reforms. • The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock […]
- IMF Executive Board finalises first EFF review of Sri Lanka (Category: Breaking News)
- US calls on Sri Lanka to conclude debt restructuring agreements (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- SRI LANKA RECEIVES IMF EXECUTIVE BOARD APPROVAL FOR THE EXTENDED FUND FACILITY (EFF) ARRANGEMENT (Category: Breaking News)
President Ranil Wickremesinghe says Sri Lanka is no longer bankrupt after the International Monetary Fund (IMF) approved a loan facility for the country. Making a special statement, President Wickremesinghe said that the approval of the IMF facility for Sri Lanka signals an end of Sri Lanka’
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Private creditors threaten to block next IMF tranche to Sri Lanka (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe emphasised that Sri Lanka is no longer considered as a bankrupt country by the world.The post Sri Lanka can no longer be considered a bankrupt country – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- Sri Lanka leader says IMF agreement pushed back after unrest (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
- Sri Lanka celebrates its 76th Independence Day (Category: Breaking News)
The International Monetary Fund (IMF) has emphasised the importance of anti-corruption and governance reforms as a central pillar of the EFF-supported program as they are indispensable to ensure the hard-won gains from the reforms benefit the Sri Lankan people.The post Anti-Corruption &
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- Everyone must come together to support Sri Lanka’s recovery and inclusive growth – IMF (Category: Breaking News)
- IMF applauds Sri Lanka’s significant progress in economic reforms (Category: Breaking News)
- Sri Lanka receives IMF approval for USD 2.9 Billion bailout package (Category: Breaking News)
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday (March 20) on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.The post Sri Lanka seeks 10-year debt moratorium appeared
- Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
Sri Lanka is expected to receive the first tranche of funds from the International Monetary Fund (IMF) in 2 days, Peter Breuer, Chief of the Debt Capital Markets Division, Monetary and Capital Market Department at the IMF said. The IMF also said that it will continue to monitor Sri Lanka’
- Sri Lanka told to sign MoU with official creditors (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF).The post Sri Lanka receives IMF approval for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- SRI LANKA RECEIVES IMF EXECUTIVE BOARD APPROVAL FOR THE EXTENDED FUND FACILITY (EFF) ARRANGEMENT (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- Anti-Corruption & Governance reforms are critical – IMF (Category: Breaking News)
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says ongoing efforts to tackle corruption in Sri Lanka should continue, including revamping anti-corruption legislation. She also said that a more comprehensive anti-corruption reform agenda should be guided by the ongoing IMF
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- US and Sri Lanka discuss ongoing reforms under IMF deal (Category: Breaking News)
- Sri Lanka and IMF look at strengthening financial governance (Category: Breaking News)
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (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)
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)
China’s Sinopec has offered to fully finance the construction of a refinery in Hambantota, the President’s Media Division said. During a discussion with representatives of the Sinopec Group held at the Presidential Secretariat this morning (13), President Ranil Wickremesinghe said that the Government has taken a principled decision to expand the distribution of fuel which […]
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sri Lanka Government decided to expand fuel distribution (Category: Breaking News)
- Sinopec to operate 200 filling stations in Sri Lanka (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly.The post Sri Lanka Government decided to expand fuel distribution appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka President issues gazette declaring several services as essential services (Category: Breaking News)
- Sri Lanka President declares power, fuel, & health essential services (Category: Breaking News)
- Meeting between SLFP and President Ranil Wickremesinghe on forming all-party Government (Category: Breaking News)
- Electricity and Fuel supply declared as essential services in Sri Lanka (Category: Breaking News)
Around USD 500 million entered the market within a period of seven days, the Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said.The post USD 500 million entered the market in seven days – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka has no alternative other than IMF – CBSL chief (Category: Breaking News)
- Economic situation will worsen if political stability is not established soon  CBSL chief (Category: Breaking News)
- Dr. Nandalal Weerasinghe re-appointed CBSL Governor for 6-year term (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)
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’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions. “We are optimistic that Sri Lanka will be able
- Sri Lanka s rupee will reverse gains and plummet 20%, Fitch says (Category: Breaking News)
- Rupee weakens against USD (Category: Breaking News)
- Notable appreciation of rupee against major currencies (Category: Breaking News)
- Fitch places seven Sri Lankan insurers on Rating Watch Negative (Category: Breaking News)
Pakistan s Finance Minister Ishaq Dar said on Thursday his country was Âvery close to signing a staff level agreement with the International Monetary Fund, which would offer a critical lifeline for taming a balance of payment crisis.
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)
China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.The post Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain appeared first on Sri Lanka News - Latest Breakin...
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s creditors hold 1st meeting, with China as observer (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)
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)
China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund (IMF).The post China gives assurances to the IMF that it will support Sri Lanka’s debt
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
- Paris Club Creditors provides financing assurances to support IMF bailout for Sri Lanka (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)
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