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Trick ‘n Treat
Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up over US$ 500 mn in additional loans in the coming weeks, a joint statement said Tue.Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up […]
Central Bank says tsunami’s negative impact may be mitigated by the reconstruction and rehabilitation activities
Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]
Central Bank leaves its short-term interest rates intact, though warns of possible downside economic risk following the recent tsunami
Sri Lanka’s Central Bank opted not to tinker with its short-term interest rates for the second consecutive month, though there may be some downside risks on economic performance this year due to the recent tsunami. The bank said its overnight repurchase (repo) and reverse repurchase (reverse repo) rates will remain at 7.5 percent and 9.0 […]
Sri Lanka must control aid flow to halt currency rise, IMF Says
Sri Lanka must slow the flow of overseas aid into the country to prevent its currency from further rising against the dollar and the yen, said Raghuram Rajan, chief economist at the International Monetary Fund.Sri Lanka must slow the flow of overseas aid into the country to prevent its currency from further rising against the […]
Please Forgive
Sri Lanka will ask the Paris Club group of foreign-creditor governments and the International Monetary Fund to allow it to delay debt payments to help it pay for reconstruction projects after the Dec. 26 tsunami. Sri Lanka will ask the Paris Club group of foreign-creditor governments and the International Monetary Fund to allow it to […]
‘n Treat
Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up over US$ 500 mn in additional loans in the coming weeks, a joint statement said Tue.Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up […]
Quake Cover
Insurance premiums are expected to go up by mid this year when local insurers factor earthquake and tsunami cover into policies.Insurance premiums are expected to go up by mid this year when local insurers factor earthquake and tsunami cover into policies. “The local industry is still discussing this but premiums will probably go up by […]
Count Down
The International Monetary Fund is expected to give its verdict by Thu.on Sri Lanka’s request to delay interest payments, while the island’s Central Bank prepares to rollout the red carpet to welcome the Fund’s First Deputy Managing Director. The International Monetary Fund is expected to give its verdict by Thu. on Sri Lanka’s request to […]
Wiring Aid
At the time when all hell broke loose, getting or giving information became a nightmare.Coordinating help became another catastrophe.At the time when all hell broke loose, getting or giving information became a nightmare. Coordinating help became another catastrophe. So instead of stuffing bags with relief supplies kindly donated by Sri Lankan and the world and […]
‘s negative impact may be mitigated by the reconstruction and rehabilitation activities
Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]