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- adaderana.lk - Category : Breaking News - Relavancy : 1.8181446

China s economy grew at a 5.2% pace in the first three quarters of the year and showed signs of improvement in November, with factory output and retail sales rising, the government said Friday.

- onlanka.com - Category : Breaking News - Relavancy : 0.12424088

The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...

- island.lk - Category : Breaking News - Relavancy : 0.06212044

By Shamindra Ferdinando Chairman of the Committee on Ways and Means Patali Champika Ranawaka on Tuesday (12) alleged that the Finance Ministry had allowed the operation of a distillery in spite of that company failing to pay taxes. The former minister said that the country lost millions for want of political will to recover what that company owed […]

- island.lk - Category : Breaking News - Relavancy : 0.07247385

By Rathindra Kuruwita  IMF’s second review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka is expected to be completed by the end of the first half of 2024, IMF Senior Mission Chief for Sri Lanka, Peter Breuer, told journalists Wednesday morning. Addressing the IMF’s Virtual Press Briefing on the First Review of […]

- island.lk - Category : Breaking News - Relavancy : 0.107595764

President Ranil Wickremesinghe told Parliament yesterday that Sri Lanka was set to come out of bankruptcy by securing of the second tranche of the International Monetary Fund’s (IMF’s) Extended Fund Facility. “We will now focus on securing the foreign aid that was suspended after we declared bankruptcy,” the President said, making a special statement to Parliament […]

- island.lk - Category : Breaking News - Relavancy : 0.31504157

In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned

- onlanka.com - Category : Breaking News - Relavancy : 0.1024935

The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review of Sri Lanka’s nearly $3 billion bailout appeared first on ONLANKA - Sri Lanka Latest Breaking ...

- colombogazette.com - Category : Breaking News - Relavancy : 0.036236923

The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.10144226

[…]The post Why NPP? appeared first on Colombo Telegraph.

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- island.lk - Category : Breaking News - Relavancy : 0.082827255

Two policy-based loans (PBLs) have been arranged following discussions between the Asian Development Bank (ADB) and the Sri Lankan government, the Ministry of Finance said. Accordingly, the PBLs are slated to be used for the implementation of the Financial Sector Stability and Reform Programme, in a bid to create a stable financial system that provides […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.12018428

[…]The post Proposed Labour Reforms: When A Labour Lawyer Speaks Like A Labour Economist appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.0627642

[…]The post Should The Central Bank Act Be Amended By A Future Government? appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.041413628

[…]The post JRJ, The Arrogant Man Whose 1977 Constitution Started The Ruin appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.08785157

The Asian Development Bank (ADB) has approved a USD 200 million concessional loan for Sri Lanka to help stabilize the country’s finance sector following the sovereign debt and economic crises that started in April 2022 after it suspended its external debt payments.The post ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest ...

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.058567714

[…]The post New Episodes Of Sri Lanka Political Theatre appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.082827255

By Rathindra Kuruwita Dissident Sri Lanka Freedom Party (SLFP) MP, Dayasiri Jayasekera, has expressed concern over a potential 50% drop in the revenue of the Ceylon Petroleum Corporation (CPC) due to the entry of foreign companies into the petroleum market. Jayasekera highlighted the adverse impact of the policies of successive governments on the CPC. “The […]

- island.lk - Category : Breaking News - Relavancy : 0.3780499

by Harim Peiris As we approach the end of 2023 and with about a year to go for the next presidential election due before end 2024, President Ranil Wickremesinghe’s frequent refrain and indeed the rationale for his administration is the revival of the national economy after it was spectacularly

- onlanka.com - Category : Breaking News - Relavancy : 0.12424088

Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB funding post-IMF approval – official appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...

- island.lk - Category : Breaking News - Relavancy : 0.051767036

Minister of Justice, Prison Affairs and Constitutional Reform, Wijayadasa Rajapakse, unveiled plans to introduce a new legislative framework aimed at regulating microfinance institutions operating within the country. Expressing deep concern regarding the unregulated status of certain microfinance entities, Minister Rajapakse emphasized the necessity for decisive measures. He underscored the intent...

- island.lk - Category : Breaking News - Relavancy : 0.107595764

by Ifham Nizam Political instability is one of the biggest stumbling blocks when it comes to managing climate vulnerability, a senior climate scientist has warned. Speaking at a recent symposium titled ‘Poverty Alleviation in an Era of Economic Crisis’, former Director of the Natural Resources Management Centre (NRMC) of the Ministry of Agriculture Dr. Ranjith […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.044831567
- island.lk - Category : Breaking News - Relavancy : 2.7272167

‘Politicians and public must behave better’ by Rathindra Kuruwita  Sri Lanka has done extremely well on the economic front during the last 18 months, says former Governor of the Central Bank of Sri Lanka (CBSL) Dr. Indrajit Coomaraswamy. Dr. Coomaraswamy revealed his assessment of the country’s economic recovery process while addressing a Centre of Poverty […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.10957015

[…]The post Resolving Systemic Debt Crises Needs A Paradigm Shift appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.08966313

What has been widely described as the “historic” Supreme Court judgment which by a majority 4-1 decision of a five-judge bench held the Rajapaksa brothers, Mahinda, Gotabaya and Basil and other unelected officials including two past Governors of the Central Bank, a former Secretary to the President, a former Treasury Secretary and some members of […]

- island.lk - Category : Breaking News - Relavancy : 0.06212044

ECONOMYNEXT –Sri Lanka’s non-performing loans after the latest currency crisis is showing signs of having peaked but some sectors are hit worse than others with problem loans dating back from Coronavirus moratoriums, a banking official said. Hotels, transport and arts and entertainment sectors had bad loans of 30 to 20 percent, while the overall level […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.09260369

[…]The post A Political Imperative appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.10353407

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 increased to 3.4% in November 2023 from 1.5% in October 2023. This increase in the headline inflation is mostly in line with the projections envisaged by the Central Bank of Sri Lanka (CBSL) in November 2023. The Food […]

- onlanka.com - Category : Breaking News - Relavancy : 0.07247385

Sri Lanka’s inflation accelerated in November for a second straight month as energy tariffs were raised to keep the International Monetary Fund’s $3 billion bailout on track.The post Sri Lanka inflation rises for second month on high energy costs appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- onlanka.com - Category : Breaking News - Relavancy : 0.082827255

Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board clear first bailout review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.06212044

The French Development Agency’s (Agence Française de Développement also known as AFD) Regional Directorate is strengthening its base in Sri Lanka in line with the commemoration of 75 years of diplomatic relations between Sri Lanka and France. It also marks the enduring partnership between AFD Group and its Sri Lankan partners, which began in 2005 […]

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