Japan commits to Promoting Economic Governance through Anti-corruption Policy Support in SL
MIZUKOSHI Hideaki, Ambassador of Japan to Sri Lanka and Ms. Azusa Kubota, Resident Representative, United Nations Development Programme (UNDP) Sri …
Economy
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CCC Outlook 2024: Anticipated rebound depends crucially on effective debt restructuring
The 9th edition of the annual flagship Outlook Report for 2024 by The Ceylon Chamber of Commerce was recently launched at the Economic Outlook 2024 seminar. …
Relaxation of restrictions imposed on standing facilities
The Central Bank of Sri Lanka introduced restrictions on the usage of the Standing Facilities by the Licensed Commercial Banks (LCBs) under the Open Market …
Sri Lanka and World Bank sign USD150 mn deal to strengthen financial sector resilience
The Government of Sri Lanka (GOSL) and the World Bank signed an agreement for $150 million in financing for Sri Lanka to strengthen the resilience of the …
RIUNIT Webinar: IMF, geopolitics, and Sri Lanka’s economic sovereignty
Sri Lanka, facing internal and external challenges, grapples with the aftermath of its external debt crisis, exacerbating existing economic issues. The Easter …
Sri Lanka’s total exports reached USD 14.94 Bn in 2023
Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn). It is only a …
Primary & Budget Balances move in opposite directions as interest payments increase
The Fiscal Management Report 2024 published by the Ministry of Finance, shows that the Primary Balance improved from LKR -317 Bn in the 3rd quarter of 2022 to …
IMF Staff concludes visit to Sri Lanka; highlights introduction of a progressive property tax
An International Monetary Fund (IMF) mission team led by Peter Breuer visited Sri Lanka from January 11 to 19, 2024 to discuss recent macroeconomic …
Japanese Finance Minister Commends Economic Advancements in Sri Lanka
Japan's Finance Minister, Suzuki Shunichi, arrived in Sri Lanka on a two-day official visit (11-12) aimed at deepening economic relations with the Sri Lankan …
Next Steps in Sri Lanka’s Economic Program Outlined by IMF
The International Monetary Fund (IMF) has recently approved the first review of Sri Lanka’s economic program, marking a significant milestone in the …
SL economy to record positive growth rates and gain further momentum over medium term: CB Governor
Sri Lanka has entered a path of recovery following the worst economic crisis in its postindependence history while the policy measures that were taken by the …
Uncertain Economic Outlook for Sri Lanka Amid Debt Restructuring & Structural Reforms: World Bank
The economic future of Sri Lanka remains uncertain, as the country navigates debt restructuring negotiations with private creditors and implements structural …
Sri Lanka and DFC Discuss Deepening Collaboration for Economic Growth
Following a significant investment in the Colombo Port expansion, Sri Lanka seeks to broaden its partnership with the U.S. International Development Finance …
Sri Lankan Small Businesses Seek Breathing Room: Parate Law Suspension Talks Underway
A crucial meeting is set to take place tomorrow (21) at the Jasmine Hall, Bandaranaike Conference Hall, Colombo, between the Minister of Justice, Wijeyadasa …
World Bank Releases Additional USD250 Million for Sri Lanka to Sustain Economic Reforms
The World Bank released the second tranche of the US$500 million Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy …
Research Intelligence Unit releases policy papers on Sri Lanka’s illicit markets
Research Intelligence Unit (RIUNIT) continues its groundbreaking efforts in shedding light on critical policy matters concerning Sri Lanka's economic …
Ceylon Chamber Notes IMF’s First Review under the EFF Arrangement for Sri Lanka
The Ceylon Chamber of Commerce appreciates the Board approval of the International Monetary Fund's (IMF) completion of its first review under the 48-month …
We cannot let our country go on like this, Let’s build a new country together: Eran
Eran Wickramaratne MP alleged that foreign investors do not come to this country not because of the lack of tax incentives, but because the country's laws are …
Patali Champika Ranawaka Slams Government’s VAT Hike and Economic Policies
Patali Champika Ranawaka, leader of the United Republic Front and Member of Parliament, denounced the government's decision to raise Value Added Tax (VAT) from …
IMF Completes First Review of Sri Lanka’s Economic Program, Disburses USD337 Mn
While Sri Lanka received a crucial USD337 million disbursement from the IMF today, the country's path towards full economic recovery remains dependent on …