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Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial
- Total foreign loans rise to $2.8bn in July (Category: Breaking News)
- China furious with Pakistan over delayed implementation of CPEC projects (Category: Breaking News)
- Former Pak Finance Minister Miftah Ismail says things to ‘remain tight for a while’ on economic ... (Category: Breaking News)
- Why is Pakistan a misfit for BRICS? (Category: Breaking News)
Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- 03/12/2010 14:45 INDIA – CHINA – SRI LANKA Chinese aid to Sri Lanka could lead to conflict (AsiaNe (Category: Breaking News)
- Sri Lanka: Chinese companies begin road extension work in Jaffna (Category: Breaking News)
- Rock slows Sri Lanka port project (Category: Breaking News)
- Sri Lanka pins hopes on China-funded port (Category: Breaking News)
AirAsia Consulting is planning further engagement with the International Finance Corp (IFC) which is mandated to advise the Sri Lanka Government on the divestiture of SriLankan Airlines Ltd (SAL). The consultancy was responding to news report on AirAsia being among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines since the island nation was looking […]
- AirAsia and FitsAir among bidders for Sri Lanka’s national carrier (Category: Breaking News)
- AirAsia and FitsAir among bidders for SriLankan Airlines (Category: Breaking News)
- Indigo commences direct flights between Mumbai-Colombo (Category: Breaking News)
- Church puts faith in God to ensure justice over Easter attacks (Category: Breaking News)
The government’s revenue had exceeded the target for the first quarter of 2024 had by 6 percent, State Minister of Finance Ranjith Siyambalapitiya said on Monday. The State Mionister said the government expcted a revenue collection of Rs 4,106 billion in 2024 and wanted the state revenue to be at least 14 percent of the […]
- Inland Revenue Dept. earns revenue of 105% exceeding expected targets (Category: Breaking News)
- Liquor consumption increases; Excise revenue decreases (Category: Breaking News)
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
- Inland Revenue (Amendment) Bill gazetted (Category: Breaking News)
Malaysian budget carrier AirAsia is among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a US$2.9 billion (RM13.8 billion) International Monetary Fund (IMF) programme.The post AirAsia
- AirAsia and FitsAir among bidders for Sri Lanka’s national carrier (Category: Breaking News)
- AirAsia and FitsAir among bidders for SriLankan Airlines (Category: Breaking News)
- Air Asia, Supreme Global and Hayleys shortlisted in SriLankan acquisition process (Category: Breaking News)
- SriLankan Airlines poses questions on public concerns (Category: Breaking News)
Malaysian budget carrier AirAsia is among six bidders for Sri Lanka s state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a US$2.9 billion (RM13.8 billion) International Monetary Fund (IMF) programme.
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part III (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
The International Monetary Fund (IMF) commended Sri Lanka on the hard-won economic gains. First Deputy Managing Director of the IMF, Gita Gopinath said that she really appreciated meeting Sri Lanka’s State Minister of Finance Shehan Semasinghe and Central Bank Governor Nandalal Weerasinghe. “
- Sri Lanka tells G-24 country’s economy has stabilised (Category: Breaking News)
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- IMF commends Sri Lanka’s economic reforms endeavors (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
The IMF s (International Monetary Fund) First Deputy Managing Director, Gita Gopinath has congratulated the Sri Lankan authorities on the steady progress made on several fronts, including inflation reduction, revenue enhancement and governance reforms.
ECONOMYNEXT –The government is expecting to conclude all the transactions related to divestiture of State-Owned Enterprises (SOE) by August this year under an ambitious reform process, the government-led State-Owned Enterprises Restructuring Unit (SOERU) said. However, the divestiture of loss-making Srilankan Airlines is likely to be concluded by September, it said. The SOERU has already called [&...
- Experimenting with State-Owned Enterprises (Category: Breaking News)
- UL attempt to recruit foreign pilots flops due to low pay, high taxes – Dayasiri (Category: Breaking News)
- State need not do business, says Ranil, seven SOEs to be divested (Category: Breaking News)
- FSP accuses President of taking country on 1977 path to disaster (Category: Breaking News)
Pakistan has made formal request to the International Monetary Fund (IMF) for seeking next bailout package in the range of $6 to $8 billion under Extended Fund Facility (EFF) with possibility of augmentation through climate financing, The News reported on Saturday.
Having hit a roadblock with international bondholders, uncertainty looms over the economy of crisis-hit Sri Lanka and an upcoming review by the International Monetary Fund (IMF), experts warn.
The International Monetary Fund (IMF) has expressed its readiness to assist Sri Lanka in its negotiations with international bondholders, according to a Reuters report. An IMF spokesperson has been quoted as saying that a formal assessment will be provided once a preliminary agreement is reached
- 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) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News
- IMF ready to support Sri Lanka s discussions with bondholders (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- Sri Lanka hoping to continue talks with bondholders after consulting IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
The International Monetary Fund (IMF) stands ready to support Sri Lanka s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday.
- 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)
Reuters reports that Sri Lanka intends to engage with the International Monetary Fund (IMF) to determine if its recent debt restructuring proposals align with the terms of its financial aid program, according to a statement from the finance ministry on Wednesday.The post Sri Lanka consults IMF
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- Sagala meets with IMF representatives to discuss prior actions and debt restructuring (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
The Government of Sri Lanka says it hopes to continue discussions with the bondholders with a view to reaching common ground ahead of the International Monetary Fund (IMF) board consideration of the second review of Sri Lanka s Extended Fund Facility (EFF) program.
The government of Sri Lanka has announced that it held restricted discussions over the past three weeks (the “Restricted Period”) with nine members of the steering committee who agreed to take part in the restricted discussions (the “Steering Committee”) of the Ad Hoc Group of Bondholders (the “Group”, and together with Sri Lanka, the “Parties”) of [...
- “Mastering MLB Picks Today: Lifestyle Choices for Responsible Betting” (Category: Breaking News)
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
Sri Lanka began the International Monetary Fund and World Bank Group (IMF/WBG) Spring Meetings with a productive bilateral discussion with Kenji Okamura, the Deputy Managing Director of the IMF, according to State Minister of Finance, Shehan Semasinghe.The post Sri Lanka commences IMF-World Bank
- Sri Lanka makes significant progress at the World Bank – IMF spring meetings in Washington (Category: Breaking News)
- IMF and Sri Lanka discuss steps to be taken to secure funds (Category: Breaking News)
- Sri Lankan delegation calls on top IMF, World Bank officials at 2024 Spring Meetings (Category: Breaking News)
- IMF wants social stability maintained in order to help Sri Lanka (Category: Breaking News)
on the sidelines of the International Monetary Fund and […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka bondholders’ proposal met with Government pushback (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “
- IMF commends Sri Lanka on hard-won economic gains (Category: Breaking News)
- Sri Lanka tells G-24 country’s economy has stabilised (Category: Breaking News)
- IMF commends Sri Lanka’s economic reforms endeavors (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
- President now expects IMF bailout next month (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- Will strongly support Sri Lanka on debt restructuring - IMF chief (Category: Breaking News)
- IMF working very hard to press for urgent debt resolution for countries like Sri Lanka - IMF chief (Category: Breaking News)
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
- Economic growth of 1.8% is expected in 2024 - Semasinghe (Category: Breaking News)
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- Violence against peaceful protestors unacceptable - UK (Category: Breaking News)
Sri Lanka s State Minister of Finance Shehan Semasinghe says that they expect fruitful engagements that will pave the way for unlocking the next tranche of essential IMF funding and a speedy debt resolution which will enhance economic stability, during the upcoming International Monetary Fund (IMF
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka
- Kristalina Georgieva selected to serve as IMF MD for second term (Category: Breaking News)
- Kristalina Georgieva selected for second term as IMF s Managing Director (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.
The Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it had established on March 13, 2024
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
- IMF says G20 Common Framework delivering for Sri Lanka (Category: Breaking News)
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