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An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer visited Sri Lanka from January 11 to January 19, 2024 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement.The post IMF staff concludes visit
The International Monetary Fund (IMF) says it is critical for Sri Lanka to swiftly complete the final agreements with the official creditors and reach a resolution with the external private creditors.
Although Sri Lanka s macro economy is gradually stabilizing, the country s economic recovery process is still in the infancy level and has yet to reach the broader population, says Peter Breuer, the Senior Mission Chief of the International Monetary Fund (IMF) to Sri Lanka.
The Leader of the Opposition Sajith Premadasa has met with a group of representatives of the International Monetary Fund (IMF) who are on an official visit to Sri Lanka.
The IMF representatives emphasised how important it is to carry out the reforms precisely as intended, while the Acting Minister of Finance, Hon. Shehan Semasinghe, expressed satisfaction with the progress of the reforms that Sri Lanka is implementing under his directions to overcome the economic crisis.
Senior Mission Chief of the International Monetary Fund (IMF) for Sri Lanka Peter Breuer and other IMF officials met with Minister of Power and Energy Kanchana Wijesekera on Wednesday (17 Jan.).
At a discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalizing Sri Lanka’s economy. Emphasizing tourism promotion, agricultural modernization and a focus on renewable energy, the President expressed the country’s eagerness to attract new ...
The International Monetary Fund (IMF) has commended the economic reform endeavors pursued by Sri Lanka. The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva met President Ranil Wickremesinghe on the sidelines of the World Economic Forum in Davos, Switzerland
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva commended the economic reform endeavors pursued by Sri Lanka during a meeting with President Ranil Wickremesinghe at the World Economic Forum in Davos, Switzerland.
[…]The post The Eyewash Of Doctors’ Salary Increased By 35000 Rupees appeared first on Colombo Telegraph.
By M. Rodwan Abouharb Associate Professor in International Relations, UCL and Bernhard Reinsberg Reader in Politics, University of Glasgow Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$3
Jio Platforms, the telecom arm of Reliance Industries, has expressed interest in buying a stake in Sri Lanka Telecom PLC, the state-owned telecommunication company.The post Mukesh Ambani is taking his telecom playbook to Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Sri Lanka Supports US War-Mongers Against Houthis appeared first on Colombo Telegraph.
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing
The International Monetary Fund (IMF) applauds Sri Lanka on significant progress in implementing economic reforms.The post IMF applauds Sri Lanka’s significant progress in economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) yesterday (11), the IMF congratulated the country on completing the first review under its program.
The International Monetary Fund (IMF) has praised Sri Lanka for successfully completing the first review under its program.
The International Monetary Fund (IMF) wants Sri Lanka to conclude the negotiations with external commercial creditors and implement agreements with official creditors. Julie Kozack, Director of Communications at the IMF noted that the Executive Board approved the first review of the program
An International Monetary Fund (IMF) team has arrived in Sri Lanka and will engage in discussions for a period of one week from January 11 to January 19, 2023.The post IMF team arrives in Sri Lanka to evaluate economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top
A group of officials from the International Monetary Fund (IMF) have arrived in Sri Lanka and will engage in discussions for a period of one week, State Minister of Finance Shehan Semasinghe said.
Sri Lanka's central bank is considering moving towards a single policy rate mechanism to ensure better signaling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday.The post Sri Lanka central bank to consider a single policy rate mechanism appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year.The post Japan urges early signing of debt MoU between Sri Lanka and creditors appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
ECONOMYNEXT –Central Bank Governor Nandalal Weerasinghe urged the public to become informants to broaden the tax net and thus reduce both overall direct and indirect taxes. The government has raised Value Added Tax (VAT), an indirect tax to 18 percent from 15 percent with effect from January 1. The move also will see some VAT […]
Cabinet Spokesman and Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana yesterday (January 02) said that legal action should be taken against traders who raise prices on consumer items arbitrarily.The post VAT has not been charged on consumer goods – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka President Ranil Wickremasinghe officially declared open the new headquarters complex of Sri Lanka Air Force (SLAF) in Akuregoda, Battaramulla on January 01, 2024.The post Sri Lanka President opens new Headquarters of Sri Lanka Air Force appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
State Minister for Finance, Shehan Semasinghe, emphasized that the sustained single-digit inflation has significantly contributed to fostering business confidence within the country.The post Sri Lanka Government targets an increase in state revenue to 15% of GDP by 2026 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s Central Bank Governor Dr. Nandala Weerasinghe has emphasized the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).The post Sri Lanka’s Central Bank Governor says IMF agreement must be continued under any Government
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandala Weerasinghe has emphasised the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).
The Samagi Jana Balawegaya (SJB) has cautioned the Wickremesinghe-Rajapaksa government against counting loans received from the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) as external buffers as they have to be paid back.The post Samagi Jana Balawegaya warns
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh funding appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.