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The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access
- Sinopec signs agreement to enter Sri Lanka s fuel retail market (Category: Breaking News)
- Sri LankaÂThailand FTA likely to be signed in March 2024 (Category: Breaking News)
- India, Sri Lanka hopeful of early ETCA conclusion, working on Kochi-Colombo LNG pipeline (Category: Breaking News)
- Sri Lanka, Thailand to sign bilateral aviation agreement (Category: Breaking News)
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen
- COPF asks govt. why it shared IMF pact with other committees (Category: Breaking News)
- New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall (Category: Breaking News)
- Ceylon Chamber commends staff-level agreement on first IMF review, calls for continued economic ... (Category: Breaking News)
- IMF programme in SL showing signs of working – Breuer (Category: Breaking News)
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
- China pledges steadfast support to Sri Lanka (Category: Breaking News)
- Sri Lanka and Estonia successfully conclude inaugural bilateral political consultations (Category: Breaking News)
- China remains the most sincere and reliable friend of Sri Lanka – Ambassador (Category: Breaking News)
- President Wickremesinghe places his trust on Xi Jinping (Category: Breaking News)
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- IMF warns about budget deficit (Category: Breaking News)
- IMF commends Sri Lanka's commitment to reduce budget deficit, change in policy rates (Category: Breaking News)
- Despite deficit, Colombo budget sets more spending (Category: Breaking News)
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- IMF executive board meeting on June 12 for Sri Lanka’s second review (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
- IMF praises Sri Lanka’s economic progress amid challenges (Category: Breaking News)
The Ceylon Chamber of Commerce has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF).
International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (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)
The International Monetary Fund (IMF) team Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported program.
Sri Lanka today said it was confident of reaching a Staff Level agreement with the International Monetary Fund (IMF) to secure around US$338 million. State Minister of Finance Shehan Semasinghe told Parliament that multiple discussions have taken place between the IMF and Sri Lanka in recent weeks
- Sri Lanka expects first review by IMF to be successful (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
- IMF Executive Board to meet on 12th June to decide on Sri Lanka (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
- Sri Lanka bondholders proposal sees government pushback (Category: Breaking News)
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it’s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to junior Finance Minister Shehan Semasinghe.The post Sri Lanka Close to IMF
- Sri Lanka close to IMF agreement, is weighing bondholder terms  Semasinghe (Category: Breaking News)
- Semasinghe rubbishes reports claiming transfer of economic centers to foreign country (Category: Breaking News)
- No move to restructure domestic debt – State Minister (Category: Breaking News)
- Sri Lanka to offer conducive environment for investors (Category: Breaking News)
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to State Minister of Finance Shehan Semasinghe.
Indian Finance Minister Nirmala Sitharaman has commended the progress Sri Lanka has made thus far with regard to the resolutions under their agreement with the International Monetary Fund (IMF).
The International Monetary Fund (IMF) does not support providing subsidies to everyone in Sri Lanka. Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department said that there needs to be targeted support to the poor and vulnerable in Sri Lanka. “We fully sympathize and understand
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
- IMF tells Sri Lanka to work on governance issues (Category: Breaking News)
- Sri Lanka can be on path to prosperity if debt sustainability achieved – IMF (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
Sri Lanka's authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund (IMF) official said on Friday.The post IMF: Sri Lanka can discuss proposals from private creditors including GDP-linked bonds appeared first on ONLANKA
- Sri Lanka can discuss proposals from private creditors including GDP-linked bonds- IMF (Category: Breaking News)
- Lanka gets restructuring proposal from bond holders (Category: Breaking News)
- Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say (Category: Breaking News)
- SL private creditors submit proposal for restructuring overseas debt (Category: Breaking News)
Private creditors in Sri Lanka have submitted a restructuring proposal for the country’s $12 billion overseas debt, aiming to include a novel bond-type designed to ease repayments in the face of potential economic pressures, Reuters reported on Friday. The proposal, sent on 02 October, outlines a write-down on both capital and interest, the international news […]
- Sri Lanka bondholders proposal sees government pushback (Category: Breaking News)
- Sri Lanka s bondholders send debt rework proposal to government (Category: Breaking News)
- Some creditors of Sri Lanka seek debt restructuring deal excluding China, reports Bloomberg (Category: Breaking News)
- Sri Lanka bondholders sent $12 billion debt rework proposal to government - report (Category: Breaking News)
Sri Lanka s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official said on Friday.
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
- Sri Lanka’s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
Sri Lanka is likely to clinch an agreement in the next several days that would help it tap more funds from the International Monetary Fund even though it s still trying to firm up negotiations with creditors on debt restructuring, Bloomberg reported.
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nation's outstanding debt, its finance ministry said in a statement on Thursday.The post Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
Sri Lanka expects the Executive Board of the International Monetary Fund (IMF) to clear the next tranche of IMF financing of about US$334 million to be disbursed following a deal reached between Sri Lanka and China. The Finance Ministry said that the Government of Sri Lanka reached an agreement
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements, its mission chief for the country said on Wednesday.The post Sri Lanka’s talks with creditors ongoing, unaware of specific deals –
- Debt restructuring making progress in countries such as Sri Lanka – IMF (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
The International Monetary Fund (IMF) says despite the early signs of stabilization, Sri Lanka s full economic recovery is not yet assured.
Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements, its mission chief for the country said on Wednesday.
Another team of officials from the International Monetary Fund (IMF) is expected to visit Sri Lanka next week. Minister of Justice, Prisons Affairs and Constitutional Reforms Dr. Wijeyadasa Rajapakshe told the media that the team would hold extensive discussions on the second tranche
China said one of its financial institutions has reached a preliminary agreement with Sri Lanka on resolving China-related debt, a potentially major step toward resolving the South Asian nation’s fiscal woes.The post China says Exim Bank and Sri Lanka reached preliminary debt deal appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka says China Exim Bank agreed in principle to restructure $4.2bn of debt (Category: Breaking News)
Sri Lanka has made commendable progress in implementing difficult but needed reforms, but its full recovery is not yet assured, Daniel Leigh, a senior official in the International Monetary Fund s research department, told reporters.
[…]The post Sri Lanka: IMF / World Bank – Systemic Reforms Needed appeared first on Colombo Telegraph.
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