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‘s economic growth target
The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent this year, though the impact over the medium term will not be significant, says Fitch Ratings Lanka. The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent […]
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As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies.As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies. The Tamil Rehabilitation Organisation (TRO) – a registered […]
UN asking for US$ 33.1 mn for Sri Lanka at Jakarta donors conference, Thursday
Sri Lanka is hoping to raise US$ 33.1 mn in initial aid, to rebuild the islands tsunami ravaged essential infrastructure, at a United Nations (UN) ‘flash appeal’ in Jakarta, Indonesia, on Thursday.Sri Lanka is hoping to raise US$ 33.1 mn in initial aid, to rebuild the islands tsunami ravaged essential infrastructure, at a United Nations […]
Tsunami aid saves Sri Lanka from disaster
Sri Lanka was facing a foreign exchange crisis when tsunamis caused massive loss of life, but analysts say spontaneous international aid may have saved the country from a bigger economic calamity. Sri Lanka was facing a foreign exchange crisis when tsunamis caused massive loss of life, but analysts say spontaneous international aid may have saved […]
Sri Lankan rupee ends up at 100 against the greenback, on the back of heavy dollar inflows to aid tsunami relief projects
The Sri Lankan rupee is expected to strengthen further on the back of heavy dollar inflows to aid the tsunami relief programmes, the Central Bank Governor said Wednesday.The Sri Lankan rupee is expected to strengthen further on the back of heavy dollar inflows to aid the tsunami relief programmes, the Central Bank Governor said Wednesday. […]
Aid Jam
A stock of rice from Singaporeans sits at the Katunayake cargo hold before dispatch. Relief aid for tsunami victims floods in from over 40 countries. Cargo flights carrying relief are still rushing in, as an emergency team works to keep Sri Lanka’s single airport from choking on the aid and blocking urgent supplies. A […]
Hitting the Road
The Highway’s Ministry says it will abandon an existing proposal to reconstruct damaged coastal roads in favour of long term infrastructure projects.The Highway’s Ministry says it will abandon an existing proposal to reconstruct damaged coastal roads in favour of long term infrastructure projects. In the south, officials say a four lane road project between Wadduwa […]
Flying Low
US helicopters began flying in Sri Lanka as part of a military operation to boost the island’s tsunami relief work, officials said.US helicopters began flying in Sri Lanka as part of a military operation to boost the island’s tsunami relief work, officials said. Two Black Hawk aircraft were seen flying near the international airport outside […]
Sri Lanka Tsunami — Help Us
Sri Lanka has asked for around US$ 320 mn worth of assistance from the International Monetary Fund to partially ease the US$ 1.5 bn tsunami reconstruction bill, a top official said. Sri Lanka has asked for around US$ 320 mn worth of assistance from the International Monetary Fund to partially ease the US$ 1.5 bn […]
Band Aid
The Paris Club group of creditors will examine a debt moratorium for Indonesia and Sri Lanka, the two countries hardest hit by a tsunami in southern Asia, when it meets on Jan. 12, French Finance Minister Herve Gaymard said. The Paris Club group of creditors will examine a debt moratorium for Indonesia and Sri Lanka, […]