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ECONOMYNEXT –President Ranil Wickremesinghe has invited political party leaders in Parliament to discuss the IMF agreement implementation with the fund’s Managing Director. “I am willing to extend an invitation to the Managing Director of the IMF to participate in a collective dialogue here. Let us collaboratively explore different perspectives and propose modifications if deemed beneficial,...
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading
by Jehan Perera Under President Ranil Wickremesinghe’s leadership it looks like Sri Lanka is once again punching above its weight. The President took centre stage at the 19th Summit of the Heads of State and Government of the Non-Aligned Movement (NAM) and the 3rd South Summit of the Group of 77 & China, currently taking […]
[…]The post President Positions Sri Lanka To Win International Support appeared first on Colombo Telegraph.
Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The National Peoples Power (NPP) says if it comes to power it will continue to work with the International Monetary Fund (IMF) and look to make changes to the current agreement with Sri Lanka. NPP MP Vijitha Herath said that the main opposition Samagi Jana Balawegaya was concerned over talks held
The economic reform programme, implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves, the IMF has said. Staying the course on the reform agenda is necessary for this stabilization […]
An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer visited Sri Lanka from January 11 to January 19, 2024 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement.The post IMF staff concludes visit
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 ...
[…]The post The Eyewash Of Doctors’ Salary Increased By 35000 Rupees appeared first on Colombo Telegraph.
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
[…]The post Sri Lanka Supports US War-Mongers Against Houthis appeared first on Colombo Telegraph.
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
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.
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.
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 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.
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.
During a press conference at the Presidential Media Centre (PMC) themed ‘Collective Path to a Stable Country,’ held today (01) the State Minister for Finance, Shehan Semasinghe disclosed that state revenue accounted for 11.2% of the Gross Domestic Product (GDP) in 2023, with projections indicating an anticipated increase to 15% by the year 2026. Providing […]
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