Author: lbostgadmin
Only US$ 717mn materialises in Geneva out of nearly US$ 4 bn worth of promises for tsunami victims.
Only US$ 717mn materialises in Geneva on Tuesday out of the nearly US$ 4 bn worth of promises made on behalf of tsunami victims.Only US$ 717mn materialises in Geneva on Tuesday out of the nearly US$ 4 bn worth of promises made on behalf of tsunami victims. “The UN already had concrete commitments today from […]
US lawmakers say aid needs to vary in form and be spread over time
A visiting team of US lawmakers say aid needs to vary in form and be spread over time to support long term relief efforts in tsunami affected nations.A visiting team of US lawmakers say aid needs to vary in form and be spread over time to support long term relief efforts in tsunami affected nations. […]
Top officials from international donor agencies to meet with LTTE top brass
Top officials from the main international donor agencies will meet with LTTE top brass on Thursday to discuss tsunami damages. Top officials from the main international donor agencies will meet with LTTE top brass on Thursday to discuss tsunami damages. “The country directors of the Asian Development Bank (ADB), World Bank and senior officers of […]
Beached People
Sri Lanka will publish new building guidelines to start rebuilding tsunami-damaged houses along the coast, in a few days time, says the Urban Development Authority (UDA).Sri Lanka will publish new building guidelines to start rebuilding tsunami-damaged houses along the coast, in a few days time, says the Urban Development Authority (UDA). “We have identified three […]
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 […]
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 […]
‘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 […]
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 […]
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 […]
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 […]
‘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 […]
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 […]