Addressing the High-level Dialogue on Financing for Development, President Ranil Wickremesinghe emphasized the critical issues facing middle-income countries in times of financial distress. He drew attention to the challenges these countries face due to the lack of a common framework and procedures and stressed the need for a comprehensive plan to address the financial difficulties […]
By N.A.de S. Amaratunga Adequate nutrition is vital for both physical as well as mental growth and development of the human being. If this development is inadequate the whole nation would not advance in all spheres of human activity, the economic, cultural, sports etc. The creativity, thinking ability, and learning capacity of the nation as […]
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.The post India to allow Sri Lanka to repay debt over 12 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and politicalcrisis in over seven
The head of the Wagner mercenary group said his forces were ending a march on the Russian capital after demanding the resignation of the country’s top defense officials over alleged failures in the war in Ukraine. In a statement to his Telegram social media account, Yevgeny Prigozhin said his fighters had led a “march for justice” over […]
Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.The post Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor appeared first on ONLANKA News - Sri Lanka News Service to g...
Two Associated Press photographers, Eranga Jayawardena and Rafiq Maqbool, were named finalists for the 2023 Pulitzer Prize in the Breaking News Photography category for their coverage of Sri Lanka s politicalcrisis.
By Kalinga Tudor Silva Sociological explanations frequently serve as a counter point to popular conspiracy theories. Historically, sociology evolved as a subject that tried to prove that social reality cannot be reduced to the separate actions of the individuals who make up that society, such individual motivations or what was understood as the standard way […]
By Rathindra Kuruwita The proposed Anti-Terrorism Act (ATA) is a direct response to the citizens’ protest movement of 2022 and the continuation of these protests this year, Professor Jayadeva Uyangoda, a political scientist, said during an online seminar on the ATA, organised by the Federation of University Teachers’ Associations (FUTA) recently. “The ATA is a […]
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
The French government has narrowly survived a vote of no-confidence, which was triggered when it forced through an increase in the pension age to 64. It sparked new anti-government protests in Paris, where 101 people were arrested after stand-offs with police. The vote, tabled by centrist MPs, had 278 votes in favour, falling short of […]
by Jehan Perera The government’s plans for reviving the economy show signs of working out for the time being. The long-awaited IMF loan is about to be granted. This would enable the government to access other loans to tide over the current economic difficulties. The challenge will be to ensure that both the old loans […]
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 through improving fiscal transparency and public financial management, introducing a […]
Veteran Nepali Congress leader Ram Chandra Paudel has been elected the Himalayan nation’s third president since a centuries-old monarchy was abolished in 2008. In the two-man race for the largely ceremonial position, the 78-year-old Paudel secured 33,802 votes. His rival, Subash Chandra Nembang, received 15,518 votes, Nepali media reported on Thursday. Paudel, a former speaker, […]
A new research brief published by Clean Clothes Campaign (CCC) reveals that workers in Sri Lanka have not been receiving the full Emergency Relief Allowances meant to alleviate their desperate situation in the wake of the current severe economic crisis in the country. The brief calls on major brands sourcing from Sri Lanka to take […]
By Y P Prakash Sri Lanka is a nation that has been plagued by political instability in recent years. The country has faced several political and economic crises, and there are concerns that it may plunge back into turmoil in early 2023. The postponement of the local government elections scheduled for early 2023 has raised […]
Aljazeera reported that yet another politicalcrisis is brewing in Pakistan after President Arif Alvi bypassed the country’s election commission and unilaterally announced election dates for Punjab and Khyber Pakhtunkhwa provinces. In a letter to Sikandar Sultan Raja, Pakistan’s chief election
Student activist Wasantha Mudalige, who is currently in remand prison, urged the public to take to the streets in an organized manner and fight for their lives, and for their future generations. In a letter written from prison, Mudalige said that as a student movement, they are ready to make any sacrifice for the rights […]
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
By Dr Laksiri Fernando One mistake we normally make in analysing the situation or crisis in Sri Lanka is to do it in isolation. Sri Lanka is unfortunately only a part of a world system. Although this situation is valid to almost all other countries, smaller or weaker a country, larger are the effects of […]