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The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
Ambassador comments on 2024 prez poll Russian Ambassador Levan Dzhagaryan said that regardless of the outcome of the presidential election later this year in Sri Lanka, the Russian Federation expected the new government to continue with what he called independent neutral foreign policy and preserve the continuity in friendly relations with Russia. Declaring that Russia […]
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
Sri Lanka s State Minister of Finance Shehan Semasinghe says today (June 12) marks a significant milestone for Sri Lanka s economy as the International Monetary Fund s executive board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
Negotiations for the third tranche of the International Monetary Fund (IMF) loan to Sri Lanka are scheduled to commence tomorrow (June 12).The post IMF third tranche negotiations for Sri Lanka begin tomorrow appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Philip Gunawardena: Who Is Ready To Serve ? appeared first on Colombo Telegraph.
[…]The post Voice Of The Voiceless appeared first on Colombo Telegraph.
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
[…]The post Can Sajith Foul Up Ranil’s Well-Laid Plans? appeared first on Colombo Telegraph.
Japan, Sri Lanka’s largest bilateral lender after China, emphasized yesterday (June 5) the need for Sri Lanka to expedite its debt restructuring efforts for its own benefit.The post Japan urges Sri Lanka to speed up debt restructuring ahead of IMF review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Should The Economic Transformation Bill Proceed? appeared first on Colombo Telegraph.
By Shamindra Ferdinando Attempts had been made to compel UNP leader Ranil Wickremesinghe to give up the premiership immediately after the then President Gotabaya Rajapaksa had left Janadhipathi Mandiraya in the early afternoon of July 09, 2022. That had been the devious Aragalaya strategy meant to pave the way for Speaker Mahinda Yapa Abeywardena to […]
[…]The post Sri Lanka’s Elusive Accountability appeared first on Colombo Telegraph.
[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
[…]The post Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Failure? appeared first on Colombo Telegraph.
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a […]
[…]The post Is President Wickremesinghe Following In The Footsteps Of His Uncle, President Jayewardene, In 1982? appeared first on Colombo Telegraph.
Two traditional rivals will face off in a crucial group at the T20 World Cup, while two further neighbours are joined by a talented European side. Group A preview: The Asian rivals will face still competition from co-hosts USA, Canada and Ireland in Group A of the ICC Men’s T20 World Cup 2024. The ICC […]
During the “Advancing Energy Transition” round table discussion at the Hilton Colombo on Wednesday (29) morning, President Ranil Wickremesinghe emphasized the need for a comprehensive plan to exploit renewable energy and explore future trends in green hydrogen in Sri Lanka. The event, held in collaboration with the World Bank, the Ministry of Power and Energy, […]
[…]The post Ranil Wickremesinghe’s Promises: The Parrot That Waited In Vain For The Fruit To Ripen appeared first on Colombo Telegraph.
Sri Lanka is studying South Australia’s energy transition policy, which looks at net-zero emissions by 2050. President Ranil Wickremesinghe said that Sri Lanka needs to decide if it requires energy transition legislation. “Some countries have energy transition legislation. We have also looked at that. We have looked at some areas such as South Australia. It […]
[…]The post Quo Vadis? – Feeding The 225; Don’t Wait For The State; Let’s Act On Our Own appeared first on Colombo Telegraph.
The Sri Lanka Podujana Peramuna (SLPP), which commands a majority in Parliament, has opposed a proposal to postpone the Presidential and Parliament elections. SLPP National Organiser and MP Namal Rajapaksa said that postponing elections is not healthy for any democracy. “Postponing elections is not healthy for any democracy. Extending the terms of the President and […]
The United National Party (UNP) has proposed postponing the Presidential and Parliament elections to keep President Ranil Wickremesinghe in power. UNP General Secretary Palitha Range Bandara said that the economy needs to be rebuilt and the agreement with the International Monetary Fund (IMF
The Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 per cent and 9.50 per cent, respectively. The Monetary Policy Board of the Central Bank of Sri Lanka arrived at this decision after carefully assessing the […]
The United National Party (UNP), led by President Ranil Wickremesinghe, has proposed a referendum to extend the terms of both the Sri Lankan President and Parliament by two years.The post UNP proposes referendum to Extend Presidential and Parliamentary terms by two years appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) at 8.50 percent and the Standing Lending Facility Rate (SLFR) at 9.50 percent.The post Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
West Indies swept the three-T20I series against South Africa to conclude their T20 World Cup preparations in the most commanding way possible. South Africa, on the other hand, have won just two of their last 11 completed T20I matches since the last T20 World Cup, and have lost series to West Indies twice and Australia […]
to villages in collaboration with private companies to revitalize the export economy. President Ranil Wickrem...