CA Sri Lanka signs MOU with University of Ruhuna

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the University of Ruhuna signed a Memorandum of Understanding (MoU) recently aimed at enhancing seamless collaborative efforts for professional education of university students.  The primary objective of this MOU is to improve collaborations between CA Sri Lanka and the University of Ruhuna to allow […]

Looks forward to collaborating with new President & discussing 3rd review timing: IMF Spokesperson

The International Monetary Fund (IMF) has expressed optimism about working with President Dissanayake and his administration to build on the progress Sri Lanka has made towards economic recovery. The country has been on a challenging path since facing one of its worst economic crises in 2022. An IMF spokesperson stated, “We look forward to working […]

Anura Kumara Dissanayake wins Sri Lanka’s presidential election

Sri Lanka’s Election Commission announced NPP presidential candidate Anura Kumara Dissanayake (55) as the winner of the 2024 presidential election, a short while ago. The election commission made the announcement after a second vote count, the first in Sri Lanka’s history. Opposition leader Sajith Premadasa finished second. Incumbent President Ranil Wickremesinghe came third and was […]

FR petition filed before Supreme Court challenging new debt restructuring deal

A fundamental rights petition was submitted to the Supreme Court yesterday, challenging the new restructuring deal of sovereign debt with external commercial creditors. The petitioner claims this deal has violated the basic human rights of the nation’s citizens. The petition was filed by former Inter-University Students’ Federation (IUSF) convenor Wasantha Mudalige. Key figures in the […]

IMF Technical Assistance recommends introducing single policy rate to strengthen policy signaling

The IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) provided technical assistance (TA) to the Central Bank of Sri Lanka (CBSL) focusing on modernizing monetary operations framework and improving liquidity monitoring. Macroeconomic crisis, compounded by the pandemic, has created significant challenges for conducting monetary policy in Sri Lanka. Considering this, the mission proposed […]

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