ADB doubles its assistance to Sri Lanka to USD1bn

ADB doubles its assistance to Sri Lanka to USD1bn

Asian Development Bank (ADB) has doubled its multi-sectoral assistance to Sri Lanka as a result of the merger of its two main windows of financing, the Finance Ministry said. Plans are afoot to mobilize around 800 to 1000 million US dollars annually from this year, the ministry said…

IMF, WB praise country’s economic performance – Minister Karunanayake

IMF, WB praise country’s economic performance – Minister Karunanayake

The current economic performance of Sri Lanka was given a special praise during the ongoing biannual summit of the International Monetary Fund and World Bank at Washington DC, said Finance Minister Ravi Karunanayake. The minister points out that he started separate discussions with heads of the IMF and…

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…

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…

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…

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