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In a resounding endorsement of Sri Lanka’s burgeoning economy, the International Monetary Fund yesterday decided to disburse US$ 415 million to the country as the final tranche of a US$ 2.6 billion facility.
The International Monetary Fund has decided to grant the 8th loan instalment to Sri Lanka, considering the outstanding long term growth. The IMF members who met in Washington decided to grant the final instalment to Sri Lanka amounting to 415 million U.S dollars. The IMF
The International Monetary Fund has decided to grant the 8th loan installment to Sri Lanka. The IMF members who met in Washington decided to grant the final installment to Sri Lanka amounting to 415 million dollars. The IMF said that they took into consideration the long term growth indicated
Monetary Fund (IMF) today completed the eighth and final ...
Washington, DC: The Executive Board of the International Monetary Fund (IMF) Friday completed the ei..
The International Monetary Fund on Friday approved a final disbursement of $415 million to Sri Lanka and said its economy has been set on a more sustainable footing by its government's tough new monetary and fiscal policies.
The International Monetary Fund (IMF) on Friday cleared Sri Lanka’s final tranche under the Stand-By Arrangement (SBA), approving a disbursement of US$415 million, and making it a final sum total of $2.5 billion.The Fund however noted that there is a slowdown in economic activity and declining
The International Monetary Funds board of directors agreed to disburse about $415 million to Sri Lanka, the final tranche of a $2.6 billion loan.
July 21, Washington, DC: The Executive Board of the International Monetary Fund (IMF) Friday completed the eighth and final review of Sri Lanka's economic performance under the Stand-By Arrangement (SBA) and approved an immediate disbursement of about US$ 415 million.
Needs to pay $ 4.9 b to China for total loan of $ 2.96 b China, ADB leading lenders, Western loans low Govt. has borrowed $ 5 b through five euro bonds Reuters: Sri Lanka will have to repay more than $ 15 billion to foreign lenders such as China and the Asian Development Bank ...
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
The Central Bank yesterday kept policy rates unchanged for the third consecutive month, largely on the confidence that recent measures taken have had desired stabilising effect so far. In its statement following Tuesday’s July Monetary Policy Review, the Central Bank said inflation, as measured by the year-on-year change in the Colombo Consumers’ Price Index, increased ...
Reuters: Sri Lanka’s current monetary policy rates are appropriate despite a spike in inflation last month due to supply constraints, the Central Bank said on Tuesday, a day ahead of its July monetary policy review announcement. The Central Bank has kept both repurchase and reverse repurchase rate at two-year highs of 7.75 percent and 9.75 ...
Sri Lanka has succeeded in reaching the economic targets expected by the International Monetary Fund. Central Bank Governor Ajith Nivard Cabral said that the IMF had made this reference during a visit to Sri Lanka before the granting of final tranche. Mr. Cabral said that Sri Lanka has met all June
Reuters: Sri Lanka has met all June-end targets set by the International Monetary Fund (IMF) for the last tranche of a $ 2.6 billion loan, Central Bank Governor Ajith Nivard Cabraal said on Friday. “We have met all the targets. Net domestic financing, net internal reserves and reserve money
Sri Lanka has met all June-end targets set by the International Monetary Fund (IMF) for the last tranche of a $2.6 billion loan, Central Bank Governor Ajith Nivard Cabraal said.
Reuters: The Sri Lankan rupee edged higher on Friday a day after it hit a record low, as exporters and a state bank sold dollars to buy the local currency in thin trade, dealers said. The rupee closed at 133.50/70 to the dollar, a tad firmer from Thursday’s close of 133.80/90. It hit a fresh ...
Reuters: Sri Lanka’s inflation rate accelerated to a 41-month high in June driven by the rupee’s sharp depreciation, while food prices were hit by supply constraints due to drought and government policies to discourage selected imports. Annual inflation hit 9.3% in June from a year earlier, its highest since January 2009 and up from 7.0% ...
By Uditha Jayasinghe As the rupee weakened further, the United National Party (UNP) yesterday discharged a fresh salvo against the Government’s economic management, insisting that the rupee’s decline was being “militaristically controlled” and called for greater transparency. Referring to reports that banks stopped quoting spot prices after what dealers said w...
Despite an increasing trend in non-performing loans (NPLs) being recorded over the first quarter, the International Monetary Fund (IMF) has expressed confidence in the stability of Sri Lanka’s banking system.
Reuters: Sri Lanka is looking for an extended fund facility from the International Monetary Fund after the current $2.6 billion loan program ends, the Central Bank of Sri Lanka said on Thursday. An IMF mission last week said Sri Lanka had shown interest in further financial support. “
Top economist and public servant R.A. Jayatissa has recently assumed duties as the Chairman of Sri Lanka Insurance Corporation. Previously the SLIC Chairmanship was held by President’s Chief of Staff Gamini Senerath. Jayatissa, an economist, was the Deputy Secretary to the Treasury and Senior Economic Policy Advisor to the Ministry of Finance and Planning. He ...
Sri Lanka should be careful about the inflationary effects of liquidity created by large foreign exchange swaps with the Central Bank, an International Monetary Fund official said.
The International Monetary Fund delegation headed by Dr. John Nelmes last week met Economic Development Minister Basil Rajapaksa and discussed matters of mutual interest concerning Sri Lanka
Jun 16, Colombo: The Sri Lankan government is to discuss receiving new financial assistance from the International Monetary Fund (IMF) in September this year.
Sri Lanka is seeking fresh help from the International Monetary Fund after drawing down a previous $2.6bn bailout, a top IMF official said yesterday.
7.2% by Govt. adjusted to 6.75%; puts inflation at 9.5% but lauds policy changes Confirms continued engagement being discussed, says more funds possible Final tranche of $ 2.6 b goes before IMF Board in July By Uditha Jayasinghe The International Monetary Fund (IMF) yesterday
Reuters: Sri Lankan shares rose on Friday as investors snapped up blue-chip companies, helping the main index recover. The Colombo Stock Exchange’s main index closed 1.4 per cent or 68.19 points firmer to end at 4,991.21, its highest since 25 May. “The market has fallen too much and now it is trying to correct itself,” ...
Reuters: Sri Lanka may need to consider easing monetary policy if trade data for May and June point to significant weakness in global demand for the island’s goods, the Treasury Secretary told Reuters on Thursday. A further export slowdown would put additional pressure on the economy as domestic demand has already shown signs of cooling ...
Jun 15, Colombo: International Monetary Fund (IMF) lowered the economic growth forecast for Sri Lanka Friday but said the policy measures implemented by the government to curb the trade deficit are 'fruitful'.