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[…]The post The National List & The House Of Duds appeared first on Colombo Telegraph.
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
raised revenues under an International Monetary Fund program after 2015, though spending also went up du...
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
The market saw the highest week;y foreign inflows in two months.
[…]The post Can Ranil Succeed In Sri Lanka Game Of Thrones? appeared first on Colombo Telegraph.
Possibility of increasing and restructuring the assistance provided by India in the form of credits
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
An International Monetary Fund (IMF) team has concluded a virtual mission to Sri Lanka during which it was noted that Sri Lanka must give an assurance that debt sustainability will be restored. The IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan
IMF has advised Sri Lanka top seek debt restructuring as early as in April 2020, officials have told a parliament panel
“What the international community is looking for is long-term policy credibility and sustainability."
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Money printing triggers excess outflows, forcing the currency down and triggering parallel exchange rates
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
Prime Minister says the CPC can no longer bear the losses.
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
Prime Minister Ranil Wickremesinghe today warned that the fuel situation in Sri Lanka is expected to get worse over the next few weeks. Issuing a statement today the Prime Minister said that he had talks with the relevant officials and assessed the fuel situation as well as shortcomings in other key areas. He said it […]
Lack of parliament majority could drag the new prime minister's economic recovery plans
Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
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The International Monetary Fund (IMF) wants social stability maintained in order to help Sri Lanka to effectively manage the economic issues. The Finance Ministry said that International Financial Institutions (IFIs), including the IMF, have emphasized the importance of maintaining social stability
Colombo: India continues help its close neighbor Sri Lanka which is facing the worst economic crisis in its history, by lending economic support and assistance. Indian Minister of Finance Nirmala Sitharaman told The International Monetary Fund recently to help Sri Lanka by extending its rapid aid
Newly-appointed Finance Minister Miftah Ismail on Wednesday said the International Monetary Fund (IMF) wanted Pakistan to take a number of steps to do away with subsidies extended by the previous government, including raising fuel price and power tariff, to revive its Extended Fund Facility (EFF
Three leading international firms are among firms seeking to provide financial advice to Sri Lanka to help revamp $12 billion in external debt. According to Reuters, Ayres Investment Management LLP, DecisionBoundaries LLC and Perella Weinberg LP are among firms seeking to provide financial advice to Sri Lanka’s creditors as the country heads towards a revamp […]