Selection Process for New IMF Managing Director Begins
The Executive Board of the International Monetary Fund (IMF) has initiated the selection process for its next Managing Director. The announcement was made by …
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Red Sea Disruptions Benefit Shipping Companies’ Near-Term Profitability: Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent …
US Under Secretary Concludes Visit: Emphasizes Freedom of Expression for Transparent Governance
Liz Allen, the first U.S. Under Secretary of State for Public Diplomacy to visit Sri Lanka, concluded a historic three-day trip to Colombo (February 17-19), …
FAO’s Director-General Arrives in Sri Lanka to Inaugurate UN FAO Conference
FAO Director-General, Dr QU Dongyu, arrived on Sunday in Sri Lanka for a three-day visit to participate in the 37th Session of the FAO Regional Conference for …
Sri Lanka and Thailand to Sign Free Trade Agreement in February 2024
The 8th round of negotiations for the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) concluded successfully on November 29th, paving the way for a historic …
Global Sovereign Sector Outlook Is Neutral, with Fiscal Risks in Focus, says Fitch Ratings
Global sovereign credit conditions are neutral entering 2024, as moderately weaker global economic growth and persistent strains on fiscal positions are …
IMF Executive Board Approves a Proposal to Increase IMF Quotas
The IMF Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas …
Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings
Global bond yields have risen significantly in recent months as US economic growth has picked up, supported by strong consumer spending and job creation. The …
UN HR Commissioner says, Call for historic transformation is far from being realised in Sri Lanka
Sri Lanka suffers from a continuing accountability deficit - be it for war crime atrocities, more recent human rights violations, corruption, or abuse of power …
French President Emmanuel Macron to undertake a visit to Sri Lanka
French President Emmanuel Macron will undertake a visit to Sri Lanka on 28 July 2023 following the visit to the South Pacific region. This historic visit is …
247th anniversary of America’s Declaration of Independence celebrated in Sri Lanka
United StatesAmbassador to Sri Lanka Julie Chung hosted an event in Colombo on June 22 to mark the 247th anniversary of America’s Declaration of …
Zambia reaches debt treatment agreement with its official creditors including China, India, Saudi Arabia & Paris Club
Following the announcement of an agreement being reached by Zambia and its official creditors under the Group of 20 Common Framework, Kristalina Georgieva, …
Global Leaders Convene in Paris for Summit on New Global Financing Pact
President Emmanuel Macron of the French Republic has invited world leaders, including President Ranil Wickremesinghe, to participate in the highly anticipated …
Advisory on fraudulent IT-related job offers in Thailand
The Sri Lanka Mission in Thailand has noticed recently that Sri Lankan nationals are being lured for employment in Thailand particularly for the positions in …
Sri Lanka-Thailand Free Trade Agreement to be signed in first quarter of 2024
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held in Colombo from 27 to 29 March 2023. On March 26, a …
Foreign Minister Ali Sabry to visit Saudi Arabia
Minister of Foreign Affairs Ali Sabry is scheduled to make an official visit to the Kingdom of Saudi Arabia from 23-27 January 2023 on an invitation of the …
Haircut in Chinese context politically very difficult but discussions continue: Kristalina Georgieva
International Monetary Fund Managing Director Kristalina Georgieva says that a haircut in the Chinese context is politically very difficult even though there …
Sharp, Long-lasting Slowdown to Hit Developing Countries Hard: World Bank
Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of …
New UNDP Resident Representative takes office
Azusa Kubota presented her credentials on 9 January 2023 to the Ali Sabry, Minister of Foreign Affairs, officially taking office as the new Resident …
Fitch 2023 Outlook: Most Sovereign Sector Outlooks Deteriorating, Global Rating Prospects More Balanced
Fitch Ratings’ ‘deteriorating’ 2023 sector outlook for global sovereigns reflects weaker global economic growth, rising funding costs and pressures from …