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Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In the sun-kissed paradise of the Maldives, where azure waters meet golden shores, a cloud of uncertainty looms over the political landscape. President Mohamed Muizzu, once hailed as a beacon of hope for the nation’s future, now finds himself navigating treacherous waters, buffeted by the winds of discontent and economic strain. The recent opening session […]
[…]The post Books & Elections: President Gotabaya Rajapaksa’s Claim Of Foreign Conspiracy appeared first on Colombo Telegraph.
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF […]
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
India and Sri Lanka have failed to reach an agreement on fee payments for RuPay transactions, Live Mint reported. According to Live Mint, India is keen to launch RuPay services in Sri Lanka, which would make it easier for businesses in both countries to benefit from tourists using the RuPay card. However, according to persons […]
[…]The post Singapore Has Chosen The 4th Prime Minister appeared first on Colombo Telegraph.
Sri Lanka’s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.The post Sri Lanka’s economy expands for a second straight quarter appeared first on ONLANKA - Sri Lanka Latest Breaking
Sri Lanka s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.
US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter. Investigators are digging into whether an Adani entity, or people linked to the company including Mr […]
Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva has refuted recent claims that he requested for a meeting with the visiting delegation of the International Monetary Fund (IMF).
[…]The post Gender Equality, Empowerment Of Women & The JVP appeared first on Colombo Telegraph.
Sri Lanka: Repression of Civic Space Threatens Financial Reform The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s programme in the country, Human Rights Watch said in a letter to the IMF that was released on Tuesday (12). The proposed […]
The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s program in the country, Human Rights Watch (HRW) said in a letter to the IMF that was released on Tuesday (March 12).The post Human Rights Watch urges IMF to oppose laws restricting freedom in Sri Lanka appeared first on ONLANKA - ...
Pakistan’s newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.The post Pakistan’s new president Asif Ali Zardari decides to forgo salary appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s program in the country, Human Rights Watch said in a letter to the IMF that was released, Wednesday. The proposed Non-Governmental Organizations (Registration and Supervision) Act is among several recent and […]
[…]The post Nandalal Weerasinghe’s Wages Of Sin appeared first on Colombo Telegraph.
[…]The post IMF Should Oppose Restrictions On Freedom of Expression & Civil Society Groups: HRW appeared first on Colombo Telegraph.
The groundbreaking ceremony for the Business Centre at the Colombo Port City took place yesterday morning with the participation of Prime Minister Dinesh Gunawardena and Chinese Ambassador Qi Zhenhong. The 120,000 sq.ft. Business Center will be completed by the third quarter of 2024 and will consist of many modern facilities. Addressing the gathering, Premier Gunawardena […]
The National Bureau of Statistics of the Communist Party of China recently released a series of economic data however there is still no data on the youth unemployment rate which is said to be intentional due to the current situation. Currently unemployment among Chinese youth is widespread to maintain stability and avoid risks from domestic […]
Haiti’s Prime Minister Ariel Henry has agreed to resign, the chair of the Caribbean group of countries has said, following weeks of mounting pressure and increasing violence in the country. It comes after regional leaders met in Jamaica on Monday to discuss a political transition in Haiti. Mr Henry is currently stranded in Puerto Rico […]
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period
The United States says it continues to monitor legislative developments in Sri Lanka that could challenge its progress on human rights, reconciliation, and civic space. The US Ambassador to Sri Lanka, Julie Chung said that the recent Core Group joint statement from the 55th session of the UN Human Rights Council (UNHRC), and statements made […]
… asks House to rectify fundamental blunder by Shamindra Ferdinando Lawmaker Gevindu Cumaratunga, on behalf of the Uththara Lanka Sabhagaya (ULS), has requested the Chairman of the Committee on Public Finance (CoPF) Dr. Harsha De Silva to propose fundamental change to the Central Bank of Sri Lanka Act (No 16 of 2023) by including Secretary to the Finance Ministry/Treasury […]
In recent years, Maldives has witnessed a creeping shadow of Chinese influence, casting doubt on the sovereignty and autonomy of this island nation. The recent signing of a defense cooperation agreement between China and the Maldives on 4th March serves as a stark reminder of the dangerous path the Maldives treads, as it inches closer […]
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
[…]The post Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. Anil Baddevithana appeared first on Colombo Telegraph.
[…]The post Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinians Under Zionist Occupation – Part IV appeared first on Colombo Telegraph.
[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.