Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018

Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018

Sri Lanka’s cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial borrowings and a further US 3 billion dollars from Sri Lanka Development Bonds (SLDB) to raise the funds for loan repayment and financing of development projects. The proposal was put…

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…

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…

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