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Lanka’s credit risk profile at risk

Lanka’s credit risk profile at risk

      Economic think tank the Pathfinder Foundation says the absence of an IMF programme would affect the country’s credit risk profile and make macroeconomic management difficult. It warns against Central Bank money printing and the crowding out of the private sector as the …

Negligence led to amputation of Achala’s hand

Negligence led to amputation of Achala’s hand

          The committee appointed by the Health Ministry to inquire into the amputation of the arm of Achala Priyadarshini in its report has found that negligence …

Sri Lanka will grow at 6.25 pc in 2013: IMF

Sri Lanka will grow at 6.25 pc in 2013: IMF

        The International Monetary Fund (IMF) has projected Sri Lanka’s growth rate at around 6.25 per cent this year, observing that the country has achieved notable progress on a number of economic fronts over the past few years. Sri Lanka’s estimated growth …

Sri Lanka stocks slip after IMF loan deal dropped

Sri Lanka stocks slip after IMF loan deal dropped

  ▶sinhala– සිංහල ▶english– Sri Lanka stocks slipped from a two-week high on Tuesday after the central bank said the country had decided not to pursue a new IMF loan after months of discussion. The main share index fell 0.26 percent, or 15.24 points, to …

Sri Lankan authorities have decided not to pursue a new programme with the IMF, but to continue maintaining the close relationship with the Fund under standard consultation processes similar to many other member countries the Central Bank said today in a press release. A statement …

International Monetary Fund Delegation in Sri Lanka

International Monetary Fund Delegation in Sri Lanka

       An International Monetary Fund (IMF) delegation is Sri Lanka to discuss a fresh US$ 1.5 billion budgetary support facility the government expects to obtain. When the Fund approved the final tranche of the in July last year, the IMF agreed that Sri Lanka’s current …

Central Bank of Sri Lanka issues Money Broking Regulations

    The Central Bank of Sri Lanka (CBSL), considering the necessity for improving the operations in the domestic money and foreign exchange market by increasing the coverage of monitoring activities on different types of financial institutions operating in the economy and to facilitate strengthening of …

Sri Lanka: Outlook for 2013-17 by Economist Intelligence Unit

Sri Lanka: Outlook for 2013-17 by Economist Intelligence Unit

Political stability The president, Mahinda Rajapaksa of the Sri Lanka Freedom Party (SLFP), is idolised as the man who in May 2009 defeated the rebel Liberation Tigers of Tamil Eelam …

US trade mission in Sri Lanka

US trade mission in Sri Lanka

  ▶sinhala– සිංහල ▶english– The US Embassy in a statement said a multi-sector US Trade Mission – the first since the end of the conflict is in town for two days to explore business and investment opportunities in Sri Lanka. The  multi-sector U.S. Trade Mission – …