Sri Lanka

Today, the IMF Executive Board approved a 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 2.286 billion (about US$3 billion) to support Sri Lanka’s economic policies and reforms (See Press Release No. 23/79).…
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The Executive Board of the International Monetary Fund, IMF, will consider Sri Lanka’s bailout package for approval on Monday. The bailout will be through a 2.9 billion dollar extended fund facility available through tranches over a 4 year…
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In Sri Lanka, the Colombo specific inflation declined to 50.6 per cent for February 2023. The inflation was at 51.7 per cent in January 2023. The index for calculating inflation in Colombo has also been revised to 2021 rates. In the…
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Japan has provided one billion yen equivalent to 7.5 million dollars to install night vision facilities to the Trincomalee port, Sri Lanka. The system will be inaugurated on Friday. Speaking at the AGM of Sri Lanka association of NVOCC…
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Sri Lankan President Ranil Wickremesinghe dedicated the Jaffna Cultural Centre (JCC) to the people . The centre was built under an Indian grant at a cost of 11 million dollars. Union Minister Dr. L. Murugan participated in the event and…
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European Union(EU) has allocated 4 million euros in grants for fertilisers, seeds and training to the most vulnerable farmers in Sri Lanka. The programme will be implemented by Food and Agriculture Organisation (FAO) in the Island Nation.…
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Sri Lanka High Commissioner to India, Milinda Moragoda has said that the island nation is expanding its trade with India using Indian Rupee as part of Colombo's economic recovery strategy with New Delhi. Speaking on the occasion of Sri…
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US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka has said that the terms extended by China to Sri Lanka are not enough. She said that US wants to see an IMF agreement for Sri Lanka at the…
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The Depression over south-west bay of Bengal will cross the Sri Lankan coast tomorrow morning. The Sri Lankan department of meteorology has issued a warning with a red alert for heavy showers and strong winds for the entire island. People…
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Sri Lankans will celebrate the 75th anniversary of Independence on the 4th of February. The Security Forces and the police have commenced rehearsals for the Independence Day Parade since Saturday at the Galle Face Green. In line with…
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