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An International Monetary Fund (IMF) staff team will visit Colombo in a month s time for the first review on Sri Lanka s loan programme, a spokesperson said on Tuesday.
The United Kingdom (UK) says it will work with Sri Lanka to restore debt sustainability. Acting High Commissioner of the United Kingdom to Sri Lanka, Mrs. Lisa Whanstall said that the United Kingdom is happy to support Sri Lanka through multilateral organizations such as the International Monetary
- UK and Sri Lanka discuss need to enhance relations (Category: Breaking News)
- UK official sent to welcome Sri Lanka’s new top diplomat to UK (Category: Breaking News)
- Charitha to head Sri Lanka – German Parliamentary Friendship Association (Category: Breaking News)
- Sri Lanka to send back another 82 containers with garbage to UK (Category: Breaking News)
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
Sri Lanka is likely to receive the second tranche of the Extended Fund Facility (EFF) from the International Monetary Fund (IMF) following the first review scheduled for September, State Minister of Finance Ranjith Siyambalapitiya said.
Women’s rights groups in Sri Lanka yesterday (11) rejected the current debt restructuring solutions that place the burden of repayment on Sri Lanka’s working classes, particularly its women. Addressing a press conference, a number of women’s groups said they are demanding urgent and sustainable solutions to the ongoing debt crisis in Sri Lanka that respond […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Sri Lanka reaches debt restructuring deal with creditor nations - reports (Category: Breaking News)
- Rs. 3bn budgetary allocation for foreign debt restructuring, settle int l sovereign bonds (Category: Breaking News)
- Staff-level agreement with IMF likely to be reached - CBSL governor (Category: Breaking News)
More than $1 billion debt owed to India by Sri Lanka will undergo restructuring as part of the International Monetary Fund-led debt restructuring programme for the crisis hit South Asian country, Indian media reported on Thursday.
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
State Minister of Finance Shehan Semasinghe says that Sri Lanka intends to conclude the debt restructuring process in line with the first review of the International Monetary Fund (IMF), which is due in September this year.
Land connectivity is essential for the growth of ties between India and its neighbouring country, Sri Lankan high commissioner to India Milinda Moragoda has said in an interview with The Hindu posted online on July 31, pitching for connectivity projects resembling the “Channel tunnel” from the U.K. to Europe as a possible future initiative if […]
- Ranil’s 13a Diversion & Moragoda’s Monkey Bridge Mantram (Category: Breaking News)
- Milinda pushes for Indo-Lanka strategic-level partnership (Category: Breaking News)
- Sri Lanka notifies Indian rupee as designated currency (Category: Breaking News)
- IMF agreement gives us confidence, grateful to India: Lankan envoy (Category: Breaking News)
[…]The post How Loud Can You Talk In A Court Proceeding? appeared first on Colombo Telegraph.
- Contempt Of Court Law Should Not Be Used To Create A Chilling Effect On Lawyers & Litigants (Category: Breaking News)
- Scandalizing The Court: A Non-Existing Offence (Category: Breaking News)
- Four Years Prison Term For Contempt Of Court Violates The International Covenant On Civil And Po... (Category: Breaking News)
- Four Years Prison Term For Contempt Of Court Violates The International Covenant On Civil And Po... (Category: Breaking News)
India’s Finance Minister Nirmala Sitharaman has invited China, as a large creditor to Sri Lanka, to join Japan, India and France in their effort to help the country cope with its debt distress. She has also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Economic crisis: Sri Lanka expects Japanese support (Category: Breaking News)
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- Along with Japan and India, China can join debt relief effort for Sri Lanka- Nirmala Sitharaman (Category: Breaking News)
Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to the crisis-hit country in nearly four years.The post Crisis-hit Sri Lanka invites Japan to resume investment appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Japanese Foreign Minister to hold crucial talks in Sri Lanka (Category: Breaking News)
- Japanese foreign minister to arrive in Sri Lanka tonight (Category: Breaking News)
- Japanese Foreign Minister discusses cooperation and regional stability with Sri Lanka President (Category: Breaking News)
- Japanese foreign minister reaches Sri Lanka (Category: Breaking News)
As a large creditor to Sri Lanka, China is welcome to join the effort steered by Japan, India and France to help the island nation cope with its debt distress, India’s Finance Minister Nirmala Sitharaman said on Saturday.The post Along with Japan and India, China can join debt relief effort for Sri Lanka – Nirmala Sitharaman appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top ...
- Along with Japan and India, China can join debt relief effort for Sri Lanka- Nirmala Sitharaman (Category: Breaking News)
- India says China can join debt relief effort for Sri Lanka (Category: Breaking News)
- Sitharaman asks China to join Japan, India and France in their effort to help Lanka (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
As a large creditor to Sri Lanka, China is welcome to join the effort steered by Japan, India and France to help the island nation cope with its debt distress, Finance Minister Nirmala Sitharaman said. She also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief
- Sri Lanka hopeful of completing debt restructuring in six months (Category: Breaking News)
- US expects Sri Lanka’s debt treatment to be finalised soon (Category: Breaking News)
- Sri Lanka participates in global sovereign debt roundtable meeting (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
Minister of Foreign Affairs of Japan, HAYASHI Yoshimasa is to hold crucial discussions during an official visit to Sri Lanka from 28-29 July 2023. During the visit, the Japanese Foreign Minister is scheduled to have official discussions with Minister of Foreign Affairs Ali Sabry at the Ministry and pay courtesy calls on President Ranil Wickremesinghe […]
- Japanese Foreign Minister in Sri Lanka on crucial visit (Category: Breaking News)
- Japan wants Sri Lanka’s creditors to participate on comparable terms (Category: Breaking News)
- Japanese foreign minister to arrive in Sri Lanka tonight (Category: Breaking News)
- Crisis-hit Sri Lanka invites Japan to resume investment (Category: Breaking News)
By Rathindra Kuruwita Annual elephant deaths have increased fourfold by this year, compared to 1969, according to official data, environmentalists say. Sajeewa Chamikara of the Movement for Land and Agricultural Reform (MONLAR) has said the number of elephants killed in the 19 years from 1951 to 1969 was 1,163. This works out to about 61 […]
- MONLAR lashes out at Wildlife Dept. for failure to protect elephants (Category: Breaking News)
- So-called experts blind to what is exacerbating human-elephant conflict (Category: Breaking News)
- Environmentalists: All official statistics on elephants bogus (Category: Breaking News)
- Elephantine battle erupts over counting of jumbos (Category: Breaking News)
Sri Lanka's parliament on Thursday (July 20) approved a new law to improve the independence of the country's central bank, the deputy speaker said, as part of reforms linked to a $2.9 billion International Monetary Fund bailout package.The post Sri Lanka parliament approves bill to boost central
- Central Bank’s ability to print money limited under new Act (Category: Breaking News)
- ''Central Bank of Sri Lanka '' Bill to provide administrative and financial independence to the ... (Category: Breaking News)
- Cabinet approval granted for new Central Bank of Sri Lanka draft bill (Category: Breaking News)
- Hit Wicket (Category: Business)
There is bad news for Beijing from Colombo. President of Sri Lanka Ranil Wickremesinghe has announced that his government will not allow the island nation to be used as a base for threats against India. He has also emphasized that Sri Lanka is a neutral country and has no military agreements with China. In an […]
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- Sri Lanka to resume debt restructuring talks with China (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
In response to a severe debt crisis, the Sri Lankan government is taking prompt action to address the situation. One of the key measures being taken is the expediting of Free Trade Agreement (FTA) negotiations with China. Alongside this, Sri Lanka has expressed a strong interest in joining the Regional Comprehensive Economic Partnership (RCEP), which […]
- Sri Lanka possibly joining RCEP trade deal: ASEAN (Category: Breaking News)
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
- ASEAN appreciates efforts taken by Sri Lanka (Category: Breaking News)
- ASEAN, China, other partners sign world's biggest trade pact (Category: USA, South Dakota)
Some key announcements regarding stronger economic and commercial ties were expected to be made during President Ranil Wickremesinghe’s two-day visit to New Delhi, authoritative sources said. President Wickremesinghe left for New Delhi yesterday (20).India’s economic strengths and technological advancements coupled with Sri Lanka’s recovery process lay a strong foundation for forging stronger econ...
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Sri Lanka needs strong new economic system, not reforms - President (Category: Breaking News)
- Heed people’s call for new political model (Category: Breaking News)
Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation s representative on the International Monetary Fund executive board.
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
to the country’s agreement with the International Monetary Fund (IMF). “You have played the role of ...
- Sri Lanka President calls Pakistan PM, extends sympathy over flood devastation (Category: Breaking News)
- Pakistan s ex-PM Nawaz Sharif declares victory in national elections (Category: Breaking News)
- Pakistan parliament dissolved to pave way for national election (Category: Breaking News)
- Pakistani PM thanks Sri Lanka President for support over IMF deal (Category: Breaking News)
U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.The post Yellen ‘eager’ to work with China on debt, other global challenges appeared first on ONLANKA - Sri Lanka Latest...
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
- Janet Yellen warns US could run out of cash by 1 June (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
At a press conference before a meeting of Group of 20 finance ministers and central bankers in India, U.S. Treasury Secretary Janet Yellen said she hoped debt treatments for Sri Lanka and Ghana could be finalised quickly so the International Monetary Fund (IMF) could move forward with initial loan
By Sanath Nanayakkare The government has decided to allow the importation of all goods except for motor vehicles from the first week of September, and it is going to consider how it would gradually ease the ban on vehicle imports according to a ‘strategic plan’. It is said that as a start, the government’s focus […]
- Vehicle import ban: traders want to be consulted in decision-making (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Import levies on several items increased; prices to go up (Category: Breaking News)
Debt restructuring is making progress in countries outside of the G20 common framework, such as Sri Lanka, the International Monetary Fund (IMF) says.The post Debt restructuring making progress in countries such as Sri Lanka – IMF appeared first on ONLANKA - Sri Lanka Latest Breaking News
- Debt restructuring making progress in countries outside G20 framework - IMF (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
Debt restructuring is making progress in countries outside of the G20 common framework, such as Sri Lanka, the International Monetary Fund (IMF) says.
[…]The post The Caste Based Culture Is Still The Key Obstacle For Development In Sri Lanka appeared first on Colombo Telegraph.
- Beneath The Skin Deep Liberalism Lies Cancerous Caste Prejudices (Category: Breaking News)
- A Few Reflections On The Sri Lanka’s Independence Day (Category: Breaking News)
- The Arrest Of Tharindu Uduwaragedara – Larger Questions (Category: Breaking News)
- Caste Is Alive & Well In Jaffna: Nayanmarkattu Hospital Perspective (Category: Breaking News)
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