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Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka
A meeting was held with the minister and other stakeholders on September 06
Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.The post Sri Lanka set to begin talks to restructure debt of $30 Billion
New York City CNN —Climate action groups around the world are calling for World Bank President David Malpass to resign after he refused to answer a question around the cause of the climate crisis. At a panel discussion on Tuesday, Malpass dodged a question over whether he accepted the scientific
Another Open Letter to the Minister of Agriculture Mr. Minister, It appears that you are being lobbied by various individuals with an eye of promoting toxins and fossil additives into agriculture with seemingly no concern to the well being of our population. The writer quotes, ‘This has been best put by Bombastus Paracelsus (1493 -1541), […]
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.The post Sri Lanka inflation rate surges to 70.2% in August appeared first on Sri Lanka News - Latest Breaking News
Wickremesinghe also met King Charles III on Sunday September 18.
Critics of the party have claimed that the party is trying to quietly sow public scepticism about the deal
(PTI) The Sri Lankan government will virtually brief all its external creditors, on September 23, on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement […]
[…]The post How We Came To This Pass – On The “Non-Rule Of Law System” appeared first on Colombo Telegraph.
Investor sentiment has turned buoyant after IMF comments
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.The post Sri Lanka’s economy shrinks 8.4
‘IMF won’t maintain ministers, excess staff’ By Shamindra Ferdinando Dissident SLPP MP Prof. G. L. Peiris has alleged that the failure on the part of Parliament to fulfil one of its primary obligations, namely the responsibility for public sector finance caused the current crisis. The incumbent
Shares have been on the rise mainly on positive sentiment after the IMF comments.
The Core Group on Sri Lanka has, in a draft resolution that is to be presented to the 51st session of the United Nations Human Rights Council (UNHRC), called upon the government of Sri Lanka to address the ongoing economic crisis and help ensure it does not happen again by investigating
Market sees over 600 million rupees of net foreign inflow
Market saw net foreign inflow for the 18th session in the last 21.
Financial advisory group Lazard (LAZ.N) has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.The post Lazard in talks with China
Sri Lanka should improve human rights and strengthen institutions to tackle the humanitarian challenges that have sprung from its worst financial crisis in seven decades, a top U.N. Human Rights official said on Monday.The post U.N. presses Sri Lanka to advance human rights amid economic crisis
A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside efforts to uplift the country’s economy as a way out of its worst crisis in recent memory.The post USAID head urges crisis-hit Sri Lanka to tackle corruption appeared
by Amal Jayasinghe Sri Lanka added 37 new senior posts to its government on Thursday, sparking a social media backlash over “useless” public spending in the middle of its worst economic crisis on record.The country of 22 million has suffered months of rampant inflation, severe shortages
An online crowdfunding platform titled ‘Rebuild Sri Lanka’ launched by the United Nations Development Programme (UNDP) is now live providing the opportunity for global citizens to contribute to alleviating the impacts of the crisis in the island nation, the UNDP said.The facility can be accessed
[…]The post Ranil-SWOT: A Reappraisal appeared first on Colombo Telegraph.
USAID Administrator Samantha Power today announced an additional $40 million in development assistance to Sri Lanka to help farmers purchase fertilizer and other vital agricultural inputs. Power, who is currently in Sri Lanka, made the announcement after meeting farmers and discussing their issues. This assistance will support Sri Lankans as they come out of a […]
Market has seen 5.52 billion in foreign outflow in last 19 sessions
Interested parties can contribute to two ailing sectors: healthcare and food.
Sri Lanka added 37 new senior posts to its government on Thursday, sparking a social media backlash over "useless" public spending in the middle of its worst economic crisis on record.The post Anger over bloated new Sri Lanka Government appeared first on Sri Lanka News - Latest Breaking News in Sri
Market sees continuous net foreign buying in the last 10 sessions