Sri Lanka’s path to sustainable growth: Embracing a social market economy
● Sri Lanka's Economic Challenge: A stark contrast between Tamil Nadu's expected growth of 14% and Sri Lanka's negative …
Economy
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CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”
A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy - Post-Domestic …
EU, AFD, and World Bank support Strengthening Public Finance Management in Sri Lanka
The Government of Sri Lanka and the World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to …
Rs 12Tn loss to EPF is a misrepresentation of opportunity loss: CB Governor
Sri Lanka's Central Bank chief on Thursday disputed the claim that the Employees’ Provident Fund (EPF) would lose a staggering 12 trillion rupees (USD39 …
Fitch Downgrades Sri Lanka’s Long-Term Local- Currency IDR to C
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency …
CA Sri Lanka calls on all stakeholders to support Domestic Debt Optimization
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its proud standing as the National Body of Accountants, has played a significant role in …
World Bank Group Adopts Country Partnership Framework for SL to Help Reset Economy
The World Bank Group’s Board of Executive Directors today discussed the new Country Partnership Framework for Sri Lanka, which aims to help restore economic …
CB Governor gives firm assurance that safety of 57mn bank deposits will be upheld; EPF would not be touched
During a special press briefing held at the Presidential Media Centre on Domestic Debt Optimization (DDO), Dr. Nandalal Weerasinghe, the Governor of the …
Banks welcome CBSL Governor’s assurances on anticipated Govt. announcement on DDR or DDO
The Sri Lanka Banks’ Association (SLBA) has welcomed the assurance by the Governor of the Central Bank of Sri Lanka (CBSL) Dr Nandalal Weerasinghe that …
Harsha calls for legislative amendment to protect holders of domestic debt in a possible restructure
Opposition Parties Stand United for Careful Domestic Debt Restructuring In a press conference held at the Leader of the Opposition's office, MP Harsha de …
Ceylon Chamber calls for political and public support for debt restructuring process
The Ceylon Chamber of Commerce stresses the importance of patience and trust in the domestic debt restructuring process. As emphasized by the Central Bank of …
3 ways to make social protection work for Sri Lanka’s poor and vulnerable: WB
One-fourth of Sri Lankans are living in poverty, yet more than 50% are not covered by social protection schemesFragmentation and poor governance have resulted …
SLBA calls for government engagement to facilitate debt recovery process
The Sri Lanka Banks Association (SLBA) has urged policymakers to engage with commercial banks via the Central Bank of Sri Lanka (CBSL) to ensure a …
Role of alternative financing mechanisms to address Sri Lanka’s debt overhang
By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, is to enter into an …
Eran submits VAT amendment bill to restore Parliamentary powers on public finance
Opposition MP Eran Wickramaratne submitted a private members Bill to amend the Value Added Tax (VAT) Act, No 14 of 2002 to transfer the powers vested in the …
ADB Provides Sri Lanka Access to Concessional Financing to Facilitate Sustained & Inclusive Recovery
The Asian Development Bank (ADB) has approved the eligibility of Sri Lanka to access concessional financing. The availability of concessional assistance, …
US Treasury Dept Deputy Assistant Secretary Holds Meetings Focused on Supporting Sri Lanka
U.S. Department of the Treasury Deputy Assistant Secretary (DAS) for Asia Robert Kaproth visited Sri Lanka June 5 – 6. buy amoxicillin online …
IMF Engages with Ceylon Chamber of Commerce to Discuss Sri Lanka’s Economic Development
At the invitation of the International Monetary Fund (IMF), the Ceylon Chamber of Commerce recently briefed key representatives of the IMF on recent economic …
CBSL requests Govt to phase out remaining import restrictions; official reserves surpass USD 3bn
The Monetary Board of the Central Bank requests the Government to consider phasing out the remaining restrictions on most items of merchandise imports. The …
Sri Lanka headline inflation down to 25.2-pct in May 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 25.2 percent in May 2023 …