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US pulls back ships from Sri Lanka, Tigers take flack over child soldiers
The US Monday pulled back two military supply ships deployed for tsunami-relief operations in Sri Lanka even as Canada vowed a long-term commitment of its troops to help the island get back on its feet. The US Monday pulled back two military supply ships deployed for tsunami-relief operations in Sri Lanka even as Canada vowed […]
The Treasury says it already has US$ 500 mn needed for tsunami reconstruction work for this year
The Treasury says it has already secured US$ 500 mn that is needed for reconstruction work of tsunami damages for this year.The Treasury says it has already secured US$ 500 mn that is needed for reconstruction work of tsunami damages for this year. “We have already secured the US$ 500 mn that is needed for […]
US Defence Secretary says Sri Lanka may not need its troops for much longer.
Visiting US military leaders say Sri Lanka is well on the road to recovery and that its troops may not be needed much longer as the immediate the relief phase ends.Visiting US military leaders say Sri Lanka is well on the road to recovery and that its troops may not be needed much longer as […]
Deal?
Top bureaucrats were frantically trying to secure a deal with the LTTE for relief to reach thousands affected by the Tsunami in areas under their control. Top bureaucrats were frantically trying to secure a deal with the LTTE for relief to reach thousands affected by the Tsunami in areas under their control. Government still has […]
Tsunami Boom
The tsunamis that ravaged Sri Lanka are unlikely to dampen the island nation’s booming property market in the months ahead as foreigners hopefully sniff out bargains and aid floods in, analysts said.The tsunamis that ravaged Sri Lanka are unlikely to dampen the island nation’s booming property market in the months ahead as foreigners hopefully sniff […]
Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support
Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support.Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support. Treasury Secretary P. B. […]
Digging Deep
The Asian Development Bank says it is not keen on offsetting debt, but is pushing for more grant aid and a re-scheduling of loans. Sri Lanka owes the Manila based bank a total of US$ 1.6 bn in total to date, with debt repayment this year standing at US$ 75 mn. Given the ‘extraordinary financing’ […]
As Expected
Sri Lanka’s request for a US$ 113.5 mn debt moratorium on interest payments due to the International Monetary Fund came through on Thu., freeing up some cash for emergency post-tsunami reconstruction bills.Sri Lanka’s request for a US$ 113.5 mn debt moratorium on interest payments due to the International Monetary Fund came through on Thu., freeing […]
Norway in post-tsunami bid to salvage Sri Lanka peace process
Norway will next week launch its first post-tsunami attempt to salvage Sri Lanka’s faltering peace process, diplomatic sources here said.Norway will next week launch its first post-tsunami attempt to salvage Sri Lanka’s faltering peace process, diplomatic sources here said. Top peace envoy Erik Solheim is due here for talks with Sri Lankan leaders as well […]
UN steps in with US$ 166 mn urgent aid for tsunami relief work, including US$ 30 mn payable through cash schemes for survivors
United Nations agencies have stepped in with US$ 166 mn in urgent aid for Sri Lanka, part of which will fund a scheme to set off tax liabilities of some half a million people who have lost all paper in the recent tsunami.United Nations agencies have stepped in with US$ 166 mn in urgent aid […]