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[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “The Ukraine war on one side and the US-China rivalry, […]
- A Sri Lankan initiative to meet global challenges (Category: Breaking News)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Chinese Ambassador outlines numerous benefits reaped by Sri Lanka from BRI (Category: Breaking News)
- Milinda blames halfhearted economic reforms over the years for current crisis (Category: Breaking News)
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
- Pension Plan (Category: Business)
- State Control (Category: Business)
- Circular issued for state sector workers on taking no-pay leave for foreign jobs (Category: Breaking News)
- When Will Sri Lankan Children Be Prioritized In This Crisis? (Category: Breaking News)
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring negotiations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka securing a […]
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Sri Lanka’s Chinese-built Lotus Tower limits visiter time to 20 minutes (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.The post Sri Lanka set to begin talks to restructure debt of $30 Billion appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.The post Sri Lanka inflation rate surges to 70.2% in August appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka consumer inflation hits record 73.7% in September (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- NCPI based headline inflation recorded at 70.2% on year-on-year basis in August 2022 (Category: Breaking News)
- Sri Lanka President’s robust economic development program leads to 62.1% drop in inflation – Min... (Category: Breaking News)
Wickremesinghe also met King Charles III on Sunday September 18.
- Sri Lanka president meets Commonwealth secretary general in London (Category: Breaking News)
- Sri Lanka president confident of strengthened ties with UK under new PM Rishi Sunak (Category: Breaking News)
- President urges SL diaspora in the UK to invest in their motherland (Category: Breaking News)
- President returns after London visit (Category: Breaking News)
Critics of the party have claimed that the party is trying to quietly sow public scepticism about the deal
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- Exotic Appetites (Category: Business)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- IMF wants Sri Lanka to reach deal with creditors (Category: Breaking News)
(PTI) The Sri Lankan government will virtually brief all its external creditors, on September 23, on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Sri Lanka resumes bailout discussions with IMF (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon (Category: Breaking News)
- Sri Lanka on China-IMF agenda (Category: Breaking News)
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
- Sri Lanka urges farmers to plant more rice amid crisis (Category: Breaking News)
- Sri Lanka to introduce anti-hoarding laws for food stocks – PM (Category: Breaking News)
- FAO to provide Urea, cash for crisis-hit Sri Lankan small-hold farmers (Category: Breaking News)
- As Crisis-Hit Sri Lanka Counts Cost of Chinese Projects, India Moves to Recover Influence (Category: Breaking News)
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.The post Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
- Worker remittance income up in August amid Government incentives (Category: Breaking News)
- Sri Lanka economy shrinks 8.4-pct in 2Q amid currency crisis (Category: Breaking News)
- Sri Lanka President urges unity to safeguard economic stability amid IMF deal (Category: Breaking News)
- U.N. presses Sri Lanka to advance human rights amid economic crisis (Category: Breaking News)
‘IMF won’t maintain ministers, excess staff’ By Shamindra Ferdinando Dissident SLPP MP Prof. G. L. Peiris has alleged that the failure on the part of Parliament to fulfil one of its primary obligations, namely the responsibility for public sector finance caused the current crisis. The incumbent government had been compelled to seek the International Monetary […]
- GL: Cost of living intolerable, street protests inevitable (Category: Breaking News)
- IMF not paying sufficient attention to corruption: GL (Category: Breaking News)
- Dissident SLPP faction issues warning over Geneva, IMF and GSP+ (Category: Breaking News)
- Appointment of new EC may disrupt upcoming LG polls, GL tells CC (Category: Breaking News)
A group of U.S. Senators have tabled a resolution calling for economic support and advice for Sri Lanka. Senators Bob Menendez, Dick Durbin, Patrick Leahy, and Cory Booker have tabled the resolution before the US Congress. The resolution supports the peaceful democratic and economic aspirations of the Sri Lankan people, urges the Sri Lankan security […]
- India surpasses China as largest lender for Sri Lanka (Category: Breaking News)
- President to visit India for key talks with Modi (Category: Breaking News)
- Treasury says no money to fund election in March (Category: Breaking News)
- GTF calls on Sri Lankans to stop living a lie based on denial (Category: Breaking News)
Financial advisory group Lazard (LAZ.N) has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.The post Lazard in talks with China
- Lazard initiates talks with India, China Japan on restructuring Sri Lanka debt (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
- Sri Lanka already started ‘low level’ talks with India, China on debt restructuring – President (Category: Breaking News)
A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside efforts to uplift the country’s economy as a way out of its worst crisis in recent memory.The post USAID head urges crisis-hit Sri Lanka to tackle corruption appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- Political reforms need to accompany economic reforms in Sri Lanka – Samantha Power (Category: Breaking News)
- USAID will continue to support Sri Lanka’s recovery – Samantha Power assures (Category: Breaking News)
- Ten U.S. Congress members urge additional support for Sri Lanka (Category: Breaking News)
by Amal Jayasinghe Sri Lanka added 37 new senior posts to its government on Thursday, sparking a social media backlash over “useless” public spending in the middle of its worst economic crisis on record.The country of 22 million has suffered months of rampant inflation, severe shortages of essential goods and widespread protests, pushing it to […]
- EC: Prez poll can’t be put off (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- UK, US pressure Lanka to repeal PTA (Category: Breaking News)
[…]The post Is Unelected President Ranil A Vicious Hypocrite? appeared first on Colombo Telegraph.
- Why Did Ruwan Exonerate NTJ Leader Zahran? (Category: Breaking News)
- Any Dealing With President Who Lacks Legitimacy Is Political Suicide (Category: Breaking News)
- Are BASL & Media Acting In Cahoots To Promote Ranil? (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
Sri Lanka added 37 new senior posts to its government on Thursday, sparking a social media backlash over "useless" public spending in the middle of its worst economic crisis on record.The post Anger over bloated new Sri Lanka Government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Pettah Protest: Tear gas and water cannons fired, 33 arrested (Category: Breaking News)
- Wasantha Mudalige arrested during student monks’ protest inside Education Ministry (Category: Breaking News)
- Sri Lanka president seeks unity government to save economy (Category: Breaking News)
- Wasantha Mudalige and 56 arrestees remanded until February 27 (Category: Breaking News)
Sri Lanka’s ousted President Gotabaya Rajapaksa, who returned home after seven weeks in exile following protests over economic hardships, could face legal action over forced disappearances of activists now that he has been stripped of constitutional immunity, a lawyer said. Rajapaksa flew to Colombo around midnight Friday from Thailand and was escorted under military guard […]
- Air Force evacuates President Rajapaksa to Maldives (Category: Breaking News)
- MR sees foreign hand in economic crisis (Category: Breaking News)
- President declares State of Emergency (Category: Breaking News)
- SLPP demands protection for Gotabaya (Category: Breaking News)
; The International Monetary Fund (IMF) on Thursday announced that it will provide […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Lanka awaiting assurances from India, China, says Central Bank Governor (Category: Breaking News)
- IMF says 2.9bn loan bailout for Sri Lanka tied to debt relief from bilateral creditors (Category: Breaking News)
- Lanka crisis would deepen if creditors disagree, IMF says amid China concerns (Category: Breaking News)
Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic
- SL must restructure debt and ease import restrictions by year end says Morgoda (Category: Breaking News)
- Milinda: Sri Lanka should stabilise economy, relax import restrictions (Category: Breaking News)
- Sinhala translation of Quran presented to Bharain Ambassador (Category: Breaking News)
- Moragoda and ICCR Prez review Indo-Lanka cultural relations (Category: Breaking News)
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president Gotabaya Rajapaksa returns home after fleeing appeared first on ONLANKA News :. Sri Lanka Latest Breaking N...
- Sri Lanka’s ruling party asks new president to help with ex-leader Rajapaksa’s return (Category: Breaking News)
- Gotabaya Rajapaksa will return to Sri Lanka (Category: Breaking News)
- Sri Lanka’s ousted president expected to go to Thailand (Category: Breaking News)
- Gotabaya Rajapaksa concludes holiday in Dubai and returns to Sri Lanka (Category: Breaking News)
[…]The post Sri Lanka’s First Firm Steps At Economic Reforms appeared first on Colombo Telegraph.
- Sri Lanka: Strategizing Economic Recovery (Category: Breaking News)
- BRI Dynamics & Politics Of Cabinet Reshuffle (Category: Breaking News)
- Sri Lanka: Surviving The 75th Year Of Independence (Category: Breaking News)
- Charting A New Beginning? (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe said that this is an important step in the history of Sri Lanka. “Not only rising from the bankruptcy crisis and the debt moratorium, it is also key to ensure that our social sectors are protected and both our economic and social aspect of our lifestyle will certainly not have any further setbacks.”The post This to be the Beginning of a New Economic Era ...
- IMF and Sri Lanka reaches Staff-Level Agreement for US$ 2.9 Billion Programme (Category: Breaking News)
- President says IMF deal beginning of a new economic era (Category: Breaking News)
- Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
"Investors expect the economy to recover sooner than later."
- Sri Lanka shares fall on profit taking (Category: Breaking News)
- Sri Lanka stocks gain on financials; Sampath Bank leads (Category: Breaking News)
- Sri Lanka’s Sampath Bank’s Profit down by 4.9-pct (Category: Breaking News)
- Sri Lanka bourse edges up after three-session fall amid continued foreign inflow (Category: Breaking News)
International Monetary Fund (IMF) mission led by Mr. Peter Breuer and Mr. Masahiro Nozaki visited Colombo from August 24 to September 1, 2022 to continue discussions on IMF support for Sri Lanka and the authorities’ comprehensive economic reform program.The post IMF and Sri Lanka reaches Staff
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- This to be the Beginning of a New Economic Era – Sri Lanka President (Category: Breaking News)
- Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch (Category: Breaking News)
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
The International Monetary Fund (IMF) has reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about US$ 2.9 billion. The objectives of Sri Lanka’s new EFF supported program are to restore macroeconomic
- IMF chief says debt situation in Sri Lanka no longer sustainable (Category: Breaking News)
- President holds talks with diplomats on debt restructuring (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
- IMF seeks to expand donor coordination to countries like Sri Lanka (Category: Breaking News)
.Has to restructure debt, do more prior actions
- SRI LANKA RECEIVES IMF EXECUTIVE BOARD APPROVAL FOR THE EXTENDED FUND FACILITY (EFF) ARRANGEMENT (Category: Breaking News)
- Govt. ponders domestic debt optimisation operation (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- Sri Lanka’s Paris Club creditors ready to start debt talks (Category: Breaking News)
Wickremesinghe is budgeting in a sea of monetary instability
- Sri Lanka tax revenues grow 29-pct up to May amid inflation (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- Sri Lanka banks cut foreign borrowings, see more deposit dollarization (Category: Breaking News)
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
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