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The IMF representatives emphasised how important it is to carry out the reforms precisely as intended, while the Acting Minister of Finance, Hon. Shehan Semasinghe, expressed satisfaction with the progress of the reforms that Sri Lanka is implementing under his directions to overcome the economic crisis.
Senior Mission Chief of the International Monetary Fund (IMF) for Sri Lanka Peter Breuer and other IMF officials met with Minister of Power and Energy Kanchana Wijesekera on Wednesday (17 Jan.).
At a discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalizing Sri Lanka’s economy. Emphasizing tourism promotion, agricultural modernization and a focus on renewable energy, the President expressed the country’s eagerness to attract new ...
- Huge Landslide victory to UPFA with over 55 percent of the votes cast (Category: Breaking News)
- President Ranil Wickremesinghe submits draft of ‘Defence Review – 2030’ to the Cabinet (Category: Breaking News)
- President to attend 10th World Water Forum high-level meeting in Indonesia (Category: Breaking News)
- Full Text of State Dept. briefing on President Mahinda Rajapaksa's visit to US (Category: Breaking News)
The International Monetary Fund (IMF) has commended the economic reform endeavors pursued by Sri Lanka. The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva met President Ranil Wickremesinghe on the sidelines of the World Economic Forum in Davos, Switzerland
- Royal – Thomian, Sydney 2024 (Category: Breaking News)
- President visits residence of Sanath Nishantha (Category: Breaking News)
- King Charles sends special message to Ranil (Category: Breaking News)
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva commended the economic reform endeavors pursued by Sri Lanka during a meeting with President Ranil Wickremesinghe at the World Economic Forum in Davos, Switzerland.
[…]The post The Eyewash Of Doctors’ Salary Increased By 35000 Rupees appeared first on Colombo Telegraph.
- Cricketer Murali Is On A Sticky Wicket – On Tamil Nadu Turf (Category: Breaking News)
- Murali back in Gloucestershire (Category: Breaking News)
- Murali explains (Category: Sports)
- Murali Bites Back (Category: Breaking News)
By M. Rodwan Abouharb Associate Professor in International Relations, UCL and Bernhard Reinsberg Reader in Politics, University of Glasgow Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$3
- 2024: An election year and global trends (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
- Costly UNDP ‘lessons’ for Parliament (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
Jio Platforms, the telecom arm of Reliance Industries, has expressed interest in buying a stake in Sri Lanka Telecom PLC, the state-owned telecommunication company.The post Mukesh Ambani is taking his telecom playbook to Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Reliance’s Jio, Gortune pre-qualify for Sri Lanka Telecom stake bid (Category: Breaking News)
- Mukesh Ambani s Jio Platforms may invest in Sri Lanka Telecom - report (Category: Breaking News)
- Mukesh Ambani interested in buying stake in SLT (Category: Breaking News)
- Sectoral Oversight Committee on National Security recommends not to privatise Sri Lanka Telecom (Category: Breaking News)
[…]The post Sri Lanka Supports US War-Mongers Against Houthis appeared first on Colombo Telegraph.
- Genocide Of Palestinian Began Since 1948 (Category: Breaking News)
- Israel – Most Condemned UN Member (Category: Breaking News)
- Isn’t It Time For Sri Lanka To Expel Israelis? (Category: Breaking News)
- Who Is The Terrorist In The Israeli War On Gaza? (Category: Breaking News)
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- Report Card (Category: Business)
- On Track (Category: Business)
- IMF applauds Sri Lanka’s significant progress in economic reforms (Category: Breaking News)
The International Monetary Fund (IMF) applauds Sri Lanka on significant progress in implementing economic reforms.The post IMF applauds Sri Lanka’s significant progress in economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- IMF applauds the country’s significant progress in implementing economic reforms (Category: Breaking News)
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
- IMF program is exhibiting promising signs of efficacy – IMF Mission Chief for Sri Lanka (Category: Breaking News)
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) yesterday (11), the IMF congratulated the country on completing the first review under its program.
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
The International Monetary Fund (IMF) has praised Sri Lanka for successfully completing the first review under its program.
The International Monetary Fund (IMF) wants Sri Lanka to conclude the negotiations with external commercial creditors and implement agreements with official creditors. Julie Kozack, Director of Communications at the IMF noted that the Executive Board approved the first review of the program
- IMF says Sri Lanka yet to finalize deal with bondholders and creditors (Category: Breaking News)
- IMF says macroeconomic policy reforms bearing fruit in Sri Lanka (Category: Breaking News)
- IMF hopeful of deal between Sri Lanka and commercial creditors (Category: Breaking News)
- IMF expects Sri Lanka to finalize deals with creditors soon (Category: Breaking News)
An International Monetary Fund (IMF) team has arrived in Sri Lanka and will engage in discussions for a period of one week from January 11 to January 19, 2023.The post IMF team arrives in Sri Lanka to evaluate economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- IMF staff team to visit Sri Lanka from May 11-23 (Category: Breaking News)
- IMF delegation to arrive in Sri Lanka on Thursday (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
A group of officials from the International Monetary Fund (IMF) have arrived in Sri Lanka and will engage in discussions for a period of one week, State Minister of Finance Shehan Semasinghe said.
Sri Lanka's central bank is considering moving towards a single policy rate mechanism to ensure better signaling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday.The post Sri Lanka central bank to consider a single policy rate mechanism appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year.The post Japan urges early signing of debt MoU between Sri Lanka and creditors appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka, Japan agree to resume stalled projects including light rail (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
ECONOMYNEXT –Central Bank Governor Nandalal Weerasinghe urged the public to become informants to broaden the tax net and thus reduce both overall direct and indirect taxes. The government has raised Value Added Tax (VAT), an indirect tax to 18 percent from 15 percent with effect from January 1. The move also will see some VAT […]
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- Sajith defends progressive taxation, highlights inequality (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
Cabinet Spokesman and Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana yesterday (January 02) said that legal action should be taken against traders who raise prices on consumer items arbitrarily.The post VAT has not been charged on consumer goods – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s State Minister of Finance says VAT increase has no major impact on the market (Category: Breaking News)
- Sri Lanka to increase VAT to 18% (Category: Breaking News)
- Controversial Social Security Contribution levy comes into effect (Category: Breaking News)
- Minister clarifies the Consumer Affairs Authority DG issue (Category: Breaking News)
Sri Lanka President Ranil Wickremasinghe officially declared open the new headquarters complex of Sri Lanka Air Force (SLAF) in Akuregoda, Battaramulla on January 01, 2024.The post Sri Lanka President opens new Headquarters of Sri Lanka Air Force appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President joins the Defence Ministry’s New Year celebrations (Category: Breaking News)
- Princess Anne meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- Sri Lanka President says he will not tolerate any breach of law and order in the country (Category: Breaking News)
- U.S. Ambassador Julie Chung meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
State Minister for Finance, Shehan Semasinghe, emphasized that the sustained single-digit inflation has significantly contributed to fostering business confidence within the country.The post Sri Lanka Government targets an increase in state revenue to 15% of GDP by 2026 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Sri Lanka flags return to growth, protesters demand tax cuts (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
Sri Lanka’s Central Bank Governor Dr. Nandala Weerasinghe has emphasized the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).The post Sri Lanka’s Central Bank Governor says IMF agreement must be continued under any Government
- Sri Lanka’s Central Bank lays out policies to restore price stability, macroeconomic strength (Category: Breaking News)
- Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandala Weerasinghe has emphasised the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).
The Samagi Jana Balawegaya (SJB) has cautioned the Wickremesinghe-Rajapaksa government against counting loans received from the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) as external buffers as they have to be paid back.The post Samagi Jana Balawegaya warns
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- Harsha rubbishes President’s claim LG polls cannot be held (Category: Breaking News)
- Ready to support all-party govt, Harsha says (Category: Breaking News)
- Public Finance Committee Chief Harsha De Silva demands President publicize IMF conditions (Category: Breaking News)
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh funding appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- Samagi Jana Balawegaya warns against counting foreign loans as part of forex reserves (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared
- The President desires to make the most of the development opportunities in the Indian Ocean regi... (Category: Breaking News)
- Rupees 1,500 million allocated for ‘Greater Kandy Urban Development Program’ – State Minister fo... (Category: Breaking News)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program and cautioned against engaging in rhetoric merely for public appeasement without shouldering responsibilities.
ECONOMYNEXT –Sri Lanka’s Constitutional Council is making rules to select and appoint commissioners to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and International Monetary Fund report said. Sri Lanka has “committed to ambitious governance reforms based on key
- UN rights chief under ‘tremendous pressure’ over Xinjiang report (Category: Breaking News)
- Tea Board has spent Rs 4.6 billion on advertising campaign, but no results (Category: Breaking News)
- India says BBC film on Modi’s role in Gujarat riots ‘propaganda’ (Category: Breaking News)
- UK police officer punished for assaulting Lankan (Category: Breaking News)
US Ambassador to Sri Lanka Julie Chung has expressed her satisfaction over the International Monetary Fund s (IMF) approval for the second tranche of funds for Sri Lanka under its Extended Fund Facility (EFF).
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