Sri Lanka warned of impending foreign debt crisis by IMF
Nov 30, 2007 (LBO) – The International Monetary Fund (IMF) has warned that Sri Lanka may be heading towards a foreign debt crisis unless the island …
Economy & Markets
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Sri Lanka plans longer term sovereign bond
Nov 30, 2007 (LBO) - Sri Lanka want to issue longer term sovereign bonds going beyond the 5-year tenor issued in October, as part of a strategy to reduce …
Sri Lanka needs spectacular fiscal gains to reach revised budget: economist
Nov 29, 2007 (LBO) – Sri Lanka's state revenues have to grow twice as fast in the last quarter and expenses growth has to plunge to single digits for …
Sri Lanka should print less money and budget better: IMF
Nov 29, 2007 (LBO) – The International Monetary Fund (IMF) has asked Sri Lanka to print less money and have better budgets to prevent balance of payments …
UN calls for action to stop climate change catastrophe
Nov 28, 2007 (LBO) – The United Nations Development Program says climate change has become the central challenge of development. UNDP has just released …
Sri Lanka treasuries up 100 basis points
Nov 28, 2007 (LBO) - One year treasury yields went up 100 basis points to 19. online pharmacy buy diflucan with best prices today in the USA 07 percent as the …
Sri Lanka makes progress despite war, UN says
Nov 28, 2007 (LBO) – A new report by the United Nations says that Sri Lanka is doing well according to human development indicators despite the …
Sri Lanka says Iran to give 1.5 billion dollars aid
Nov 28, 2007 (AFP) - Sri Lanka's president secured 1.5 billion dollars worth of financial aid from Iran for infrastructure projects while on a three-day visit …
Sri Lanka getting hooked on debt, economists say
Nov 27, 2007 (LBO) – Sri Lanka's government is becoming addicted to debt and putting at risk the country's future, private sector economists said. "We're …
Sri Lankan researcher questions MDGs, notes backward trends
Nov 24, 2007 (LBO) – A Sri Lankan researcher has questioned the importance of Millennium Development Goals (MDG) saying they did not reveal reasons for …
Sri Lanka tightens monetary policy; discount rate 19-pct from December
Nov 23, 2007 (LBO) - Sri Lanka has tightened monetary policy by restricting access to a discount window and creating two policy rates, days after the Central …
Sri Lanka seeks to develop bond market to access foreign capital
Nov 22, 2007 (LBO) - Sri Lanka Central Bank governor Ajith Nivard Cabraal said Thursday the government wants to develop the bond market to be able to access …
Sri Lanka sovereign bonds plummet as govt. seeks new cash
Nov 22, 2007 (LBO) - Sri Lanka's maiden sovereign bond has plunged in the secondary market just a month after its issue, as authorities indicated that the …
Sri Lanka record money printing revealed
Nov 22, 2007 (LBO) - Sri Lanka has engaged in an unprecedented money printing and reserve appropriation drive running into 45 billion rupees to bridge a …
Sri Lanka treasuries yields shoot up as dollar honeymoon ends
Nov 21, 2007 (LBO) - Sri Lanka's benchmark 3-month Treasury yields shot up 33 basis points to 16. buy azithromycin online …
Sri Lanka central bank promises vigilance over liquidity as inflation rages
Nov 20, 2007 (LBO) – Sri Lanka's central bank said it is countering a liquidity shock to the monetary system from a dollar bond issue, though policy …
Sri Lanka inequality on the rise despite growth: UNDP
Nov 20, 2007 (LBO) – Inequality is on the rise in Sri Lanka despite the island making much progress in economic development, an international expert …
Sri Lanka to appoint town planners to all local bodies
Nov 20, 2007 (LBO) - Sri Lanka has decided to appoint professional town planners to all local government bodies in a move that will speed up approvals and …
Sri Lanka Central Bank rejects gold reserve sale charges as criticism mounts
Nov 20, 2007 (LBO) – Sri Lanka's Central Bank has rejected allegations it had sold tonnes of gold reserves to fund government expenditure in recent …
Sri Lanka’s Horana named best town for business
Nov 15, 2007 (LBO) – A town south-east of the Sri Lankan capital Colombo has emerged as the surprising choice of companies as the best place to do …