Financing assurances from creditors crucial before IMF financial support: Staff Mission
Financing assurances to restore debt sustainability from Sri Lanka’s official creditors and making a good faith effort to reach a collaborative agreement …
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Sri Lanka adds Indian Rupee to designated foreign currencies for off-shore banking
Sri Lanka’s Central Bank has added the Indian Rupee to the list of currencies that are permitted to be used for offshore banking, taking the total to 16. The …
We want to restructure only foreign debt & it’s a win-win situation, CB Governor reiterates
Central Bank Governor reiterated on Thursday that the government's position about debt restructuring remains the same and intends to restructure only the …
We have almost completed targets to reach staff level agreement: CBSL Governor
Sri Lanka's Central Bank Governor says that they have almost completed all the required targets to reach a staff-level agreement with the IMF mission due in …
Sri Lanka’s stock exchange: Few people control it & few people rig it, says President
President Ranil Wickremesinghe says that he has questions about putting shares of the state-owned enterprises onto the current Stock Exchange. "What is the …
Sri Lankan merchandise exports grew to an all-time record for the month of April
Earnings from the merchandise exports increased by 11.87% y-o-y to US$ 915.3 Mn in April 2022, the highest monthly value recorded for the month of April. This …
Transparency International presents 15 points on essential anti-corruption reforms to revive Sri Lanka
2022 has so far been a tumultuous year for Sri Lanka. With the country teetering dangerously close to defaulting, economists have noted that the situation will …
Sri Lanka’s current rating associated with 35-pct to 65-pct recovery rate: Moody’s
On 18 May, Sri Lanka (Ca stable) defaulted on its international bonds for the first time, after failing to make its coupon payments that were due on 18 April …
CBSL issues order imposing LC deposit margin requirement for over 700 non-essential items
Sri Lanka's Central Bank has directed commercial banks with immediate effect that Letters of Credit (LCs) should not be opened for the importation of …
Central Bank warns Sri Lankans holding over 10,000 dollars as notes
Sri Lanka's Central Bank is planning to illegalize the holding of dollar notes by its citizens for longer periods, Governor Nandalal Weerasinghe said. …
Sri Lanka suspends normal debt servicing; announces interim policy on servicing external debt
Sri Lanka's government has suspended the normal debt servicing of all affected debts, for an interim period pending an orderly and consensual restructuring of …
Technical negotiation with IMF started; RFPs to be called to appoint advisors for debt restructuring
Sri Lanka's Central Bank has already started technical negotiations with the International Monetary Fund for an IMF program and appointing financial and legal …
Sri Lanka’s debt is unsustainable with very high rollover risk: IMF Debt Sustainability Assessment
Based on IMF staff analysis, fiscal consolidation necessary to bring debt down to safe levels would require excessive adjustment over the coming years, …
Sri Lanka will settle USD 1bn ISB maturing in July; no debt restructuring needed, says CBSL
The Government and the CBSL have already taken necessary measures to secure alternative forex inflows via a number of bilateral and multilateral funding …
Sri Lanka official reserves down to USD 2.36bn in January; Gold reserves down further
Sri Lanka’s official reserve assets were 2.4 billion US dollars (USD 2,361mn) by the end of January, down from 3.1 billion US dollars in December last year, …
Gold reserves down by 54-pct in December; USD 3.1bn reserves include Chinese swap: CBSL
Sri Lanka’s official reserve assets were 3.1 billion US dollars (USD 3,137.6 mn) by the end of December, up from 1.6 billion US dollars in November, the …
VIDEO INTERVIEW: What will the year 2022 look like for Sri Lanka? W A Wijewardena
"Sri Lanka will have a very gloomy future in 2022. If the government is interested in avoiding it, it has to immediately change the present economic policy.buy …
Sri Lanka official reserves down to USD 1.6bn in November, confirms Central Bank
Sri Lanka’s official reserve assets were 1.6 billion US dollars (USD 1,587. buy furosemide online rxxbuynoprescriptiononline.net/dir/furosemide.html no …
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Sanjiva Weerawarana, Founder & CEO, WSO2
"The real value in the IT industry is not providing services to other countries but creating products that other countries buy and there are many barriers as …
Central Bank expects inflation to remain high at around 8-9% in next few months
Sri Lanka’s Central Bank expects inflation to remain high at around 8-9% in the next few months, before gradually reverting to the desired 4-6% level …