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Money Matters
Civil rights groups are calling on the government and other non-governmental organisations (NGO) for transparency in tsunami relief operations.Civil rights groups are calling on the government and other non-governmental organisations (NGO) for transparency in tsunami relief operations. “An immediate attempt should be made to account for all donations that have been received for reconstruction and […]
Fluid Picture
International rating agency Fitch Ratings, says a debt moratorium extended by the Paris Club, deferring external debt service for an as yet unspecified period could lead to an unintended bunching of repayments and more generalised debt service difficulties at a later date.Making its observation before the Paris Club meeting Fitch says that the G7 external […]
Debt Grace
The Paris Club of creditor nations offered an unconditional freeze on debt repayments for Indonesia, the Seychelles and Sri Lanka to help them recover from last month’s catastrophic tidal waves.The Paris Club of creditor nations offered an unconditional freeze on debt repayments for Indonesia, the Seychelles and Sri Lanka to help them recover from last […]
Tourism industry pushes through delayed reforms as it plans tsunami recovery
A tsunami that wrecked Sri Lanka’s coast in peak tourist season is having its better fallouts, pushing through delayed reform plans while the sector bounces back.A tsunami that wrecked Sri Lanka’s coast in peak tourist season is having its better fallouts, pushing through delayed reform plans while the sector bounces back. The Tourism Ministry said […]
Mine Scare
Landmine ban advocacy groups have said claims of shifting landmines are exaggerated, with the tsunami uprooting just about ten of the explosive devices in all un-cleared areas.Landmine ban advocacy groups have said claims of shifting landmines are exaggerated, with the tsunami uprooting just about ten of the explosive devices in all un-cleared areas. The past […]
Where Are They?
Sri Lanka’s tsunami orphans could be further traumatized unless they are quickly reunited with their surviving relatives, rights organisations warned amid calls to put them up for adoption.Sri Lanka’s tsunami orphans could be further traumatized unless they are quickly reunited with their surviving relatives, rights organisations warned amid calls to put them up for adoption. […]
The US says it has provided more than US$ 38 mn in emergency assistance to Sri Lanka.
The US announced on Thursday that it had provided more than US$ 38 mn in emergency relief assistance to Sri Lanka.The US announced on Thursday that it had provided more than US$ 38 mn in emergency relief assistance to Sri Lanka. “The United States has so far provided more than US$ 38 mn in emergency […]
ADB says 2 mn more people could be pushed into poverty after tsunami
The Asian Development Bank says the wall of water that ripped across southern Asia last month, killing more than 150,000, could throw nearly 2 million additional people into poverty.According to a report released by the ADB today “The poverty impact of the tsunami will be enormous,” said Ifzal Ali, Chief Economist with the Manila-based multilateral […]
Debt a la carte
The United Kingdom has come forward to pick up 10 percent of Sri Lanka’s debt repayments to multilateral lenders from next year, as part of the UK government’s efforts to ease the island nation’s US$ 1.5 bn tsunami reconstruction cost.The United Kingdom has come forward to pick up 10 percent of Sri Lanka’s debt repayments […]
Sea Rescue
A group of volunteers are being banded together to form the country’s first Sea Rescue Institution, to search and save life in local maritime disasters.A group of volunteers are being banded together to form the country’s first Sea Rescue Institution, to search and save life in local maritime disasters. Thought up well before the tsunami […]