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by Neville Ladduwahetty It has been reported that with India extending its ban on onion exports until March next year to increase the availability of onions in the domestic market and to keep their prices in check, Sri Lankan importers are in a quandary to meet the local requirements. Sri Lanka reportedly imports around 20,000 […]
Sri Lanka and Thailand have agreed to sign the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) in February, 2024, the Foreign Ministry announced yesterday (14).The Foreign Ministry said that to pave the way for the signing of the agreement, the negotiations on the agreement would be concluded by the end of this month. The announcement was […]
• Further strengthening the country’s economy with the second tranche of the IMF – State Minister for Finance Shehan semasinghe
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
By Shamindra Ferdinando Chairman of the Committee on Ways and Means Patali Champika Ranawaka on Tuesday (12) alleged that the Finance Ministry had allowed the operation of a distillery in spite of that company failing to pay taxes. The former minister said that the country lost millions for want of political will to recover what that company owed […]
By Rathindra Kuruwita IMF’s second review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka is expected to be completed by the end of the first half of 2024, IMF Senior Mission Chief for Sri Lanka, Peter Breuer, told journalists Wednesday morning. Addressing the IMF’s Virtual Press Briefing on the First Review of […]
President Ranil Wickremesinghe told Parliament yesterday that Sri Lanka was set to come out of bankruptcy by securing of the second tranche of the International Monetary Fund’s (IMF’s) Extended Fund Facility. “We will now focus on securing the foreign aid that was suspended after we declared bankruptcy,” the President said, making a special statement to Parliament […]
Celebrating diplomacy through development Celebrating the 75th anniversary of diplomatic relations between the United States and Sri Lanka, the U.S. Embassy has unveiled a special video chronicling the remarkable journey of development, with an emphasis on the pivotal role played by the United States Agency for International Development (USAID). Whether it’s rebuilding after disasters and conflic...
By Easwaran Rutnam in Adelaide The New Zealand High Commissioner to Sri Lanka Michael Appleton is to be appointed as Senior Foreign Affairs Adviser to New Zealand’s Minister of Foreign Affairs (and Deputy Prime Minister) Winston Peters. Appleton will return to New Zealand next month after completing his term in Sri Lanka. “I arrived in […]
In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned
President Ranil Wickremesinghe states that the conditions imposed by the International Monetary Fund (IMF) on Sri Lanka, can only be removed by continuing along the same path and strengthening the country s economy.
U.S. Senators Ben Cardin (D-Md.) and Jim Risch (R-Idaho), Chair and Ranking Member of the Senate Foreign Relations Committee, along with Representatives Raja Krishnamoorthi (D-Ill.-08) and Bill Johnson (R-Ohio-06), have introduced a bicameral and bipartisan resolution calling for accountability in Sri Lanka. The resolution urges the Government of Sri Lanka to listen to and respect […]
The International Monetary Fund (IMF) says increasing state revenue is of paramount importance for Sri Lanka as the South Asian island nation continues to be an economy with exceptionally low tax revenues.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review of Sri Lanka’s nearly $3 billion bailout appeared first on ONLANKA - Sri Lanka Latest Breaking ...
By Shamindra Ferdinando One-time Foreign Secretary Kshenuka Senewiratne and Admiral Ravindra Chandrasiri Wijegunaratne (Rtd.) on Dec 04, 2023 assumed duties at the Sri Lankan High Commission in New Delhi and Islamabad, respectively. It would be pertinent to mention that Wijegunaratne previously served as the First Secretary/Defence Advisor of Sri Lanka High Commission in New Delhi […]
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million […]
[…]The post Was There A Conspiracy Behind The Easter Sunday Attacks?: A Follow-Up appeared first on Colombo Telegraph.
Two policy-based loans (PBLs) have been arranged following discussions between the Asian Development Bank (ADB) and the Sri Lankan government, the Ministry of Finance said. Accordingly, the PBLs are slated to be used for the implementation of the Financial Sector Stability and Reform Programme, in a bid to create a stable financial system that provides […]
[…]The post AKD’s Challenge: ‘Can He Outdo Ranil & Sajith?’ appeared first on Colombo Telegraph.
By Eng. Thushara Dissanayake Sri Lanka is ranked high in terms of climate change impacts facing a multitude of hazards. Impacts of climate change vary by location and severity due to the presence of different climatic zones, varying topography, and diverse land use patterns of the country. Severe wet weather events often result in floods […]
In a letter published by The Island recently, Mrs. Goolbai Gunasekera, has showered us with pearls of wisdom drawn from her life-long experience as an educator.In The Island of 06 December, 2023, she describes the need for English as a ‘desperate’ need, adding that: “not taught as a second language, but used as an actual medium of instruction!” She […]
The ‘Civil Society Initiative on Anti-Corruption Reform for Economic Recovery,’ led by Transparency International Sri Lanka (TISL) and comprising Verité Research, Centre for Policy Alternatives (CPA), Sarvodaya Shramadana Movement, People’s Action for Free and Fair Elections (PAFFREL), and National Peace Council (NPC) yesterday said that there was an urgent need for political will and genuine [...
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Australian budget airline Jetstar is considering operating flights to Sri Lanka after a major shake-up to its long-haul flights. According to the Australian media, Jetstar announced a major shake-up to its long-haul flights that will see seatback entertainment screens axed in favour of in-flight Wi-Fi. The change is part of a multimillion-dollar update to Jetstar’s […]
[…]The post JRJ, The Arrogant Man Whose 1977 Constitution Started The Ruin appeared first on Colombo Telegraph.
The Asian Development Bank (ADB) has approved a USD 200 million concessional loan for Sri Lanka to help stabilize the country’s finance sector following the sovereign debt and economic crises that started in April 2022 after it suspended its external debt payments.The post ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest ...