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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
[…]The post Ranil-SWOT: A Reappraisal appeared first on Colombo Telegraph.
Market has seen 5.52 billion in foreign outflow in last 19 sessions
Bank marks 25 years in business
Market sees continuous net foreign buying in the last 10 sessions
Day's turnover hits over 7-month high; foreign inflows hit highest in 3 years
[…]The post Aragalaya’s Unfinished Business appeared first on Colombo Telegraph.
Market saw net foreign outflow for the 1st time in 16 straight sessions.
[…]The post Non-Consultative Business As Usual Approach Belittles Nation Crises That Cry For Priority appeared first on Colombo Telegraph.
By Jehan Perera The Paris Club has declared its satisfaction at the agreement reached between the government and IMF regarding a USD 2.9 billion loan to be given over a period of 48 months. The loan will be made under the IMF’s Extended Fund Facility, which helps countries deal with balance of payments or cash […]
An LOLC merger speculation helps gain
(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 […]
Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic recovery, but would provide the country and investors “confidence” to […]
[…]The post Child’s Guide To How Ranilnomics Should Be Designed & Implemented appeared first on Colombo Telegraph.
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president Gotabaya Rajapaksa returns home after fleeing appeared first on ONLANKA News :. Sri Lanka Latest Breaking N...
[…]The post End Casino Capitalism: Sri Lanka To Join The Global Minimum Tax Agreement appeared first on Colombo Telegraph.
IMF statement is seen as positive for the stock market.
[…]The post Sri Lanka’s First Firm Steps At Economic Reforms appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe said that this is an important step in the history of Sri Lanka. “Not only rising from the bankruptcy crisis and the debt moratorium, it is also key to ensure that our social sectors are protected and both our economic and social aspect of our lifestyle will certainly not have any further setbacks.”The post This to be the Beginning of a New Economic Era &#...
"Investors expect the economy to recover sooner than later."
International Monetary Fund (IMF) mission led by Mr. Peter Breuer and Mr. Masahiro Nozaki visited Colombo from August 24 to September 1, 2022 to continue discussions on IMF support for Sri Lanka and the authorities’ comprehensive economic reform program.The post IMF and Sri Lanka reaches Staff-Level Agreement for US$ 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
[…]The post Government Needs To Change Course In National Interest appeared first on Colombo Telegraph.
By Jehan Perera The ruling party has requested President Ranil Wickremesinghe to facilitate the return of former president Gotabaya Rajapaksa to the country and his appointment as prime minister. The former president left the country when large numbers of protestors who had been actively protesting against the economic collapse and corruption in the country took over […]
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
By Haroon Janjua Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises. As Pakistan marks 75 years of independence this weekend, Islamabad has not planned any special events, aside from a flag-raising ceremony, a fireworks display in the capital and the introduction of a new 75 rupee […]
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 […]