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[…]The post The Retold South Korea Success Story: How Should Sri Lanka Emulate It? appeared first on Colombo Telegraph.
BY DR. Asoka Bandarage On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs. Nevertheless, IMF structural adjustment requires the country to meet its familiar debt restructuring […]
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
I am pleasantly surprised and marvel too most times I read the editorial in The Island. Why? Because they are so very apt on the most current issue in the land. The editor has the clever knack of hitting the nail right on the head and is fearless even when the nail represents a VVIP. […]
[…]The post Who Has Printed The Biggest Quantity Of Money? Lakshman, Cabraal Or Nandalal? appeared first on Colombo Telegraph.
Although the prevailing high interest rate regime may discourage investments, Central Bank (CB) Governor Dr. Nandalal Weerasinghe asserted that curtailing inflation is more critical for the survival of businesses over low interest rates and to avert a Zimbabwe-like scenario.The post Curtailing inflation critical to avert Zimbabwe-like scenario – CBSL Governor appeared first on Sri Lanka News...
[…]The post What Is To Be Done? – Anura Kumara Dissanayake appeared first on Colombo Telegraph.
Sri Lanka's central bank is expected to keep rates steady as inflation shows signs of easing and as authorities focus on discussions to secure a $2.9 billion International Monetary Fund (IMF) bailout to stabilise its crisis-hit economy.The post Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA Ne...
[…]The post Need To Restrain The Power Of Shadow Finance appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
Rishi Sunak today became the U.K.’s third prime minister of the year following a meeting with King Charles III. The tradition sees the monarch invite the leader of the party with the highest number of MPs to form a government, which since the 2019 general election has been the Conservatives. Sunak was elected party leader […]
[…]The post Child’s Guide To Ranilnomics: Economic Reforms Unproductive Unless Extractive Institutions Are Halted appeared first on Colombo Telegraph.
After running out of reserves, Sri Lanka intervened and sterilized to mis-target rates with borrowed dollars
[…]The post “Saving” The Economy appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today appeared first on Colombo Telegraph.
[…]The post Ranilnomics: Learning Nothing, Forgetting Everything appeared first on Colombo Telegraph.
[…]The post Go Set A Watchman appeared first on Colombo Telegraph.
Survey reveals deep-rooted Mercantilism and total lack of classical economics
The Monetary Board, with the concurrence of the Minister of Finance, has promoted Mrs. K M A N Daulagala, Assistant Governor and the Secretary to the Monetary Board, to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL). Mrs. K M A N Daulagala has over 31 years of service at […]
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
[…]The post Economic Crimes & The Challenge Of Community Medicine Practitioners appeared first on Colombo Telegraph.
This currency crisis and banking crisis were originated firstly by policy mis-management from the central bank
[…]The post Ranil’s Debt Driven Growth Strategy appeared first on Colombo Telegraph.
The people who raised their hands when these policies were made are now blaming us
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Child’s Guide To Ranilnomics: Need Is Going For IMF Plus appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
[…]The post A Common Perspectival Framework For A Center-Left Re-Groupment & Revival appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Buddha’s Prescriptions On Governance appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Ranilnomics: Part II appeared first on Colombo Telegraph.