Sri Lanka finance minister pledges fiscal discipline

Sri Lanka finance minister pledges fiscal discipline

After a warning from the International Monetary Fund about its thin foreign-currency reserves, the Sri Lankan government has pledged its commitment to strong fiscal discipline in line with conditions stipulated for a bailout by the Washington-based organization. “We should have a national vision to address burning issues in…

ADB to introduce new partnership strategy with Sri Lanka

ADB to introduce new partnership strategy with Sri Lanka

Asian Development Bank is working on a new country partnership strategy with Sri Lanka’s government to address dynamic challenges with sustainable, inclusive and environmentally friendly solutions, an official said. During an event to mark 50 years of Sri Lanka’s partnership with ADB, director general of South Asia Regional…

Sri Lankan FM selected “Finance Minister of the Year” in Asia Pacific region

Sri Lankan FM selected “Finance Minister of the Year” in Asia Pacific region

Sri Lanka’s Finance Minister Ravi Karunanayake has been selected as the Finance Minister of the Year for Asia-Pacific by “The Banker” magazine for his efforts to steer Sri Lanka into a new era of economic reform, a Finance Ministry statement said here on Tuesday. The Banker, a prestigious…

Governor welcomes greater powers for CBSL

Governor welcomes greater powers for CBSL

The government has announced its intention to restructure the Central Bank to give greater powers to the Central…

IMF Welcomes Sri Lanka’s New Inland Revenue Act

IMF Welcomes Sri Lanka’s New Inland Revenue Act

The International Monetary Fund (IMF) has welcomed Sri Lanka’s new Inland Revenue Act, due to be introduced early…

The International Development Association provides USD 187 million financing for DPF, ESCAMP and CRIP

The International Development Association provides USD 187 million financing for DPF, ESCAMP and CRIP

Three loan agreements were signed between the Government of Sri Lanka and the International Development Association (IDA) of…

Prime Minister arrives in Jakarta to participate in the WIEF

Prime Minister arrives in Jakarta to participate in the WIEF

Prime Minister Ranil Wickremesinghe landed in Indonesia on a two-day official visit. He is to attend the 12th…

Sri Lanka foreign reserves up after Brexit, USD6.1bn now: Ravi K

Sri Lanka foreign reserves up after Brexit, USD6.1bn now: Ravi K

Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the country has seen an upward movement in…

IMF confirms Sri Lanka has additional Rs1.3 trillion liabilities

IMF confirms Sri Lanka has additional Rs1.3 trillion liabilities

Sri Lanka’s government has been informed by the International Monetary Fund (IMF) that they have identified 1.3 trillion…

China, Japan among 5 countries on US trade monitoring list

China, Japan among 5 countries on US trade monitoring list

The Treasury Department has placed five countries – China, Japan, Germany, South Korea and Taiwan – on a…

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