Government policies in Sri Lanka and elsewhere keep poor at bottom end
SINGAPORE, September 18, 2006 (LBO) – The World Bank rapped politically hungry governments saying short sighted policies fail to uplift the poor, keeping …
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Civil society groups slam IMF reforms
SINGAPORE, September 18, 2006 (LBO) – Civil society groups Sunday slammed IMFs plan to overhaul its governance structure, saying they mean very little to …
Sri Lanka’s inflation ‘worrying’, other South Asian nations doing better : IMF
SINGAPORE, Sep 17 (LBO) - Though other South Asian nations are doing reasonably well in fighting inflation Sri Lanka's central bank must be more vigilant and …
Worker remittances help Sri Lanka weather shocks
SINGAPORE, September 16, 2006 (LBO) – Workers’ remittances is turning out to be an attractive sources of foreign financing for countries like Sri …
South Asia’s obsession with subsidies no help to the poor : Wolfowitz
SINGAPORE, Sept 16, 2006 (LBO) - The practice of Sri Lanka and other South Asian countries that spend massive public resources on subsidies do not help the …
Oil prices bigger threat than terrorism to Sri Lanka : CB Governor
SINGAPORE September 16, 2006 (LBO) – Historically high global oil prices have overtaken a three decades old ethnic conflict to emerge as the biggest …
Singapore may soften ban on civil society involvement in World Bank-IMF meet
Singapore September 15, 2006 (LBO) -- Singapore Friday appeared to be willing to soften on an earlier ban of allowing civil society groups to participate in …
Will economic growth give political space for Sri Lanka to escape poverty?
SINGAPORE September 15, 2006 (LBO) – In addition to curries, saris and a passion for cricket, Sri Lanka shares similar problems with South Asian …
Sri Lanka economy booms despite bombs and bloodshed
COLOMBO, Aug 18, 2006 (AFP) - Sri Lanka is expected to record its highest annual economic growth in 28 years despite escalating violence in the decades-old …
World Bank unlikely to cut cheap aid to Sri Lanka despite rising incomes
May 03 (LBO) – The World Bank has not taken a decision to end concessionary lending to Sri Lanka despite the tsunami-hit island reporting more than 1,000 …
Sri Lanka raises retail fuel prices from midnight
Apr.15 (LBO) – Sri Lanka hikes fuel prices by Rs.8.00 from midnight Saturday after a 10-month lag as world crude oil prices raced to US$ 70 per barrel. …
Sri Lankan cinnamon faces threat from cheap rival
KOSGODA, Sri Lanka, March 12, 2006 (AFP) - Arabs and Europeans invaded Sri Lanka partly to control the island's cinnamon trade, but centuries later the …