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The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) have joined hands to protect Sri Lankans from human trafficking. With USD 2.6 Million funding support from the Government of Japan, the International Organisation for Migration (IOM), and the International Labour Organization (ILO) launched 12-month “UPLIFT” project. The initiative will contr...
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post IMF reaches staff-level agreement with Sri Lanka on second review appeared first on ONLANKA - Sri Lanka...
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In the sun-kissed paradise of the Maldives, where azure waters meet golden shores, a cloud of uncertainty looms over the political landscape. President Mohamed Muizzu, once hailed as a beacon of hope for the nation’s future, now finds himself navigating treacherous waters, buffeted by the winds of discontent and economic strain. The recent opening session […]
[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing’s similar request. This is the first time Sri Lanka has officially admitted […]
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF […]
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
[…]The post Elections & The Economy appeared first on Colombo Telegraph.
[…]The post Ranil’s Distortion Of Facts About The Sri Lankan Political Scenario In 1977 appeared first on Colombo Telegraph.
US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter. Investigators are digging into whether an Adani entity, or people linked to the company including Mr […]
[…]The post A Leap Of Faith Awaits appeared first on Colombo Telegraph.
Friday 15th March, 2024 The JVP turned down President Ranil Wickremesinghe’s invitation to a meeting with the IMF, but some of its senior members met a visiting IMF delegation yesterday in Colombo perhaps as part of its strategy to gain political mileage. Whoever would have thought, a decade or so ago, that the JVP leaders […]
Sri Lanka: Repression of Civic Space Threatens Financial Reform The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s programme in the country, Human Rights Watch said in a letter to the IMF that was released on Tuesday (12). The proposed […]
The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s program in the country, Human Rights Watch (HRW) said in a letter to the IMF that was released on Tuesday (March 12).The post Human Rights Watch urges IMF to oppose laws restricting freedom in Sri Lanka appeared first on ONLANKA - ...
The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s program in the country, Human Rights Watch said in a letter to the IMF that was released, Wednesday. The proposed Non-Governmental Organizations (Registration and Supervision) Act is among several recent and […]
[…]The post Nandalal Weerasinghe’s Wages Of Sin appeared first on Colombo Telegraph.
[…]The post IMF Should Oppose Restrictions On Freedom of Expression & Civil Society Groups: HRW appeared first on Colombo Telegraph.
By N Sathiya Moorthy The most disconcerting aspect of former President Gotabaya Rajapaksa’s book, ‘The Conspiracy to Oust Me’, released recently, is not about what the book says or does not say. Instead, it is about the absence of a formal book-launch function, like the one, his chosen Defence Secretary, Gen. Kamal Gunaratne, had organised […]
The National Bureau of Statistics of the Communist Party of China recently released a series of economic data however there is still no data on the youth unemployment rate which is said to be intentional due to the current situation. Currently unemployment among Chinese youth is widespread to maintain stability and avoid risks from domestic […]
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period
[…]The post The Menace Of Political Nepotism: Sri Lanka’s Downfall appeared first on Colombo Telegraph.
[…]The post Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! appeared first on Colombo Telegraph.
In recent years, Maldives has witnessed a creeping shadow of Chinese influence, casting doubt on the sovereignty and autonomy of this island nation. The recent signing of a defense cooperation agreement between China and the Maldives on 4th March serves as a stark reminder of the dangerous path the Maldives treads, as it inches closer […]
[…]The post Ancient Values Influence Behaviour Centuries Later appeared first on Colombo Telegraph.
China’s manufacturing activity declined for the fifth consecutive month in February, with the fall attributed to disruptions surrounding the Lunar New Year holiday, but analysts anticipate a moderate pickup in the months ahead despite structural frailties still looming large. The official manufacturing purchasing managers’ index (PMI) fell to 49.1 in February from 49.2 a month […]
[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.