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Donors add US$ 500 mn to pledges taking total to over US$ 3 bn
The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments.The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments. The new pledges top up US$ 2.5 bn in tsunami aid and debt relief pledged already. The funds […]
Foreign aid absorption to increase by 18 percent in 2005
Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid inflows.Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid inflows. “The public investment programme for this year is […]
Thinking Cap
KANDY — The International Monetary Fund may consider reviving a loan to Sri Lanka if the government provides it with clear plans to reduce poverty and develop the rural economy, an IMF official said.KANDY — The International Monetary Fund may consider reviving a loan to Sri Lanka if the government provides it with clear plans […]
India puts off US$ 30 mn in loan repayments over three years
India on Tuesday said it would postpone up to US$ 30 million in debt repayment over the next three years.India on Tuesday said it would postpone up to US$ 30 million in debt repayment over the next three years. The Finance Minister meanwhile hopes to leverage India’s commitment to push the Paris Club to extend […]
Finance Minister says govt.’s expectations well realized at the Development Forum
Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum […]
First Round
Kandy – Sri Lankan received over US$ 2.2 billion worth of financial pledges during a donor parley on Monday amidst stiff protest from Buddhist clergy against a joint mechanism to deliver tsunami aid to rebel held areas, officials said.Kandy – Sri Lankan received over US$ 2.2 billion worth of financial pledges during a donor parley […]
Watawala rolls out capital expansion plans while stepping up exposure to minor crops
Watawala Plantations is infusing Rs.158 million through a capital development drive to upgrade its tea and rubber sector, the firm said on Monday. Expansion plans include Rs. 85.93 million to set up a fully automated tea blending and cleaning plant, planting new tea on 13 hectares of land and replanting 25 hectares of rubber.To reduce […]
Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005
Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005 form bilateral partners, to help tied over the cost of post-tsunami reconstruction, the External Resources Department said in a pre-Development Forum report.Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005 form bilateral partners, to […]
Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years
Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy.Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy. Finance Minister […]
JHU takes protest against the proposed joint mechanism to the Kandy Development Forum
Kandy, Sri Lanka: Buddhist monk legislator Athuraliya Ratana makes an unscheduled address at a meeting of international aid donors in Kandy, Sri Lanka 16 May 2005 denouncing President Chandrika Kumaratunga’s plans to enter into a controversial deal with Tiger rebels. AFP PHOTO/LR/aj The Jathika Hela Urumaya (JHU) – a political party made up of Buddhist […]