Onus on Debt Negotiations after Sri Lanka’s IMF Staff Agreement: Fitch Ratings
The IMF staff-level agreement with Sri Lanka on a USD2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in …
Economy & Markets
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Japanese Finance Minister urges creditor nations to discuss Sri Lanka’s debt restructuring
Japanese Finance Minister Shunichi Suzuki on Friday urged all creditor nations to discuss Sri Lanka's debt restructuring, the Reuters news agency reported. …
Ceylon Chamber congratulates Govt on reaching Staff-level Agreement with IMF
The Ceylon Chamber of Commerce congratulates the Government led by the President, the Governor of the Central Bank of Sri Lanka, Secretary to the Treasury and …
Wealth Tax is part of IMF discussion for Sri Lanka’s tax reforms: Staff Mission
The IMF-supported reform program will implement major tax reforms in Sri Lanka including making the personal income tax more progressive and broadening the tax …
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 …
IMF Staff Reaches Staff-Level Agreement on an EFF Arrangement with Sri Lanka: IMF
IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka's economic policies with a 48-month arrangement under the …
SEC, CSE & CA Sri Lanka to capitalize on synergies to encourage & advance non-financial reporting
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and the Institute of Chartered Accountants of Sri Lanka (CA Sri …
CCPI based headline inflation increased to 64.3-pct in August; food inflation increased to 93.7-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 64.3% in August 2022 from 60.8% in July …
Sri Lanka strikes staff-level pact with IMF on loan: reports
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary, staff-level agreement on an emergency loan and a formal announcement is likely …
Sri Lanka’s interim budget proposals at a glance
A summary of President Ranil Wickremesinghe’s interim budget speech is as follows; By 2025 Government revenue is expected to grow to around 15 percent of GDP …
President’s Interim Budget Speech – 2022 (Full Text)
Full text of the Interim Budget Speech – 2022 (Amendment to the Appropriation Act, No. 30 of 2021) delivered by President Ranil Wickremesinghe in parliament …
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 …
Japan seeks to organize Sri Lanka creditors’ meeting on debt crisis
Japan is seeking to organize a Sri Lanka creditors’ conference with the intention of solving the country’s debt crisis, the Reuters news agency reported. …
Entries are now open for CA Sri Lanka’s TAGS Awards 2022 to crown best corporates
Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday announced that …
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 …
CBSL Monetary Policy Statement Indicates Economic/Forex Stabilisation
August 18, 2022 (LBO) - The monetary policy statement released by the Central Bank of Sri Lanka indicated stabilisation of the Sri Lankan currency and economy …
Finance Minister requests the public to deposit or sell foreign currency notes in possession
In order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty period of 1 …
DCTS to replace UK GSP; SL to benefit from duty-free exports to UK on more than 80-pct of products
Over 99% of goods exported from Sri Lanka eligible for duty-free access to the UK£69m of tariffs saved on exports to the UK under the new Developing Countries …
Central Bank relaxes mandatory conversion requirement on service export proceeds
With the view of encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri Lanka has withdrawn the mandatory …