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Canada has advised Canadians in Sri Lanka to “keep supplies of food, water and fuel".
Imports fall as financial account inflows dry up
Market saw net foreign outflow for the 1st time in 16 straight sessions.
(PTI) The IMF chief Kristalina Georgieva yesterday (4) said she is pleased the Washington-based lender and the Sri Lankan government have reached a staff-level agreement to provide about $2.9 billion to help the bankrupt country, terming the deal as an “important step forward.” The International Monetary Fund (IMF) on Thursday announced that it will provide […]
[…]The post Child’s Guide To How Ranilnomics Should Be Designed & Implemented appeared first on Colombo Telegraph.
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president
[…]The post End Casino Capitalism: Sri Lanka To Join The Global Minimum Tax Agreement appeared first on Colombo Telegraph.
IMF statement is seen as positive for the stock market.
[…]The post Sri Lanka’s First Firm Steps At Economic Reforms appeared first on Colombo Telegraph.
[…]The post Interim Budget 2022: Transformation Of The Economic Direction Of The Country appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe said that this is an important step in the history of Sri Lanka. “Not only rising from the bankruptcy crisis and the debt moratorium, it is also key to ensure that our social sectors are protected and both our economic and social aspect of our lifestyle
"Investors expect the economy to recover sooner than later."
International Monetary Fund (IMF) mission led by Mr. Peter Breuer and Mr. Masahiro Nozaki visited Colombo from August 24 to September 1, 2022 to continue discussions on IMF support for Sri Lanka and the authorities’ comprehensive economic reform program.The post IMF and Sri Lanka reaches Staff-Level Agreement for US$ 2.9 Billion Programme appeared first on ONLANKA News - Latest Breaking News in Sr...
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 stability and debt sustainability, while safeguarding financial stability, protecting the vulnerable,...
.Has to restructure debt, do more prior actions
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Wickremesinghe is budgeting in a sea of monetary instability
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Sri Lanka is facing a looming food shortage after ban on fertilizer import
The UK no longer advises against all but essential travel to Sri Lanka
The main All Share Price Index (ASPI) fell 0.66%
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task. The appeal to China, the bankrupt Indian Ocean nation’s largest bilateral lender, has emerged as a formidable challenge to Wickremesinghe, who is […]
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task.The post Sri Lanka urges China to change tune on debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis
Lithium batteries remain on the banned list
Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
India has given Sri Lanka import credit lines and also deferred payments under the Asian Clearing Union
Australia recently provided Sri Lanka 75 million US dollars in food and medicine aid.
Workers who appeared for the test will also be given the opportunity to appear in another field next year.
[…]The post Privatizing Sri Lanka Ex-Ante IMF Bailout Of BlackRock: Adani Greenwash In Mannar & Pooneryn appeared first on Colombo Telegraph.