CA Sri Lanka Facilitates a Deep Dive into IMF Tax Reforms and Their Implications
The International Monetary Fund (IMF) issued a comprehensive report following its second review of Sri Lanka’s Extended Fund Facility on 12 June 2024, which …
Economy
FIU enters into a MoU with Registrar General’s Department
Financial Intelligence Unit of Sri Lanka entered into a Memorandum of Understanding with the Registrar General of the Registrar General’s Department The …
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a …
Ceylon Chamber Launches ‘Vision 2030’ Policy Document to Encourage Bipartisan Approach Towards Development
The Ceylon Chamber of Commerce launched its landmark policy document, 'Vision 2030,' designed to steer Sri Lanka towards sustainable and inclusive development …
Maintaining macroeconomic stability, restoring debt sustainability require further efforts to raise fiscal revenues: IMF
The IMF staff team has concluded its visit to Sri Lanka, emphasizing the need for continued efforts to maintain macroeconomic stability and restore debt …
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among …
Port City Economic Commission Act to be amended to enhance global competitiveness
The Cabinet of Ministers has approved the proposal presented by the President in his capacity as the Minister of Investment Promotion to instruct the …
Japan Officially Notifies Sri Lanka of Its Decision to Resume Disbursement to Yen Loan Projects
Following the completion of the signing of Memorandum of Understanding (MOU) between the Official Creditor Committee (OCC) and Sri Lanka on 23 July and the …
Export Performance in Sri Lanka Sees 2.58-pct Growth in June 2024
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in June 2024 amounted to US$ 1,031.2 million, recorded an …
Unlocking Economic Potential: Why Debt Restructuring Alone Won’t Suffice Without SOE Reforms
The Advocata Institute held a press briefing titled "Unlocking Economic Potential: Why Debt Restructuring Alone Won’t Suffice Without SOE …
We are still reviewing Sri Lanka’s debt restructuring deal with bondholders, says IMF
The International Monetary Fund (IMF) is currently evaluating Sri Lanka's recent debt restructuring deal with bondholders, according to Julie Kozack, Director …
Sri Lanka Seeks Commercial Loan Relief to Align with IMF Requirements: CBSL Governor
Sri Lanka is actively negotiating with commercial creditors for debt relief similar to that achieved with bilateral creditors, Governor of the Central Bank of …
Sri Lanka concludes negotiations with Official Creditor Committee & China Exim Bank
Sri Lanka has concluded negotiations with the Official Creditor Committee (OCC), marking pivotal strides towards stabilizing its financial footing amid recent …
Sri Lanka’s May Exports Up 9-pct from April
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in May 2024 amounted to US$ 960.2 million, recorded an …
Ceylon Chamber commends board-level agreement on second IMF review, Calls for sustained economic reforms
The Ceylon Chamber of Commerce congratulates the Government of Sri Lanka for securing a board-level agreement on the second review of Sri Lanka’s Extended …
IMF completes second review; says debt sustainability path remains knife-edged
The IMF Executive Board completed the 2024 Article IV Consultation and Second Review under the 48-month Extended Fund Facility with Sri Lanka, providing the …
Sri Lanka elected to the United Nations Economic and Social Council
Sri Lanka has been elected by the United Nations General Assembly (UNGA) to the United Nations Economic and Social Council (ECOSOC) at the …
Sri Lanka’s Central Bank Governor Discusses Cryptocurrency Regulation Amidst Calls for Relaxation
In a press conference held today, Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, reiterated his concerns over the use of cryptocurrencies, which …
Sri Lanka’s Exports Up 1.25-pct to USD1.11 Billion in April
The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period …
Economic Transformation Bill and Public Financial Management Bill to Parliament on May 22
Acting Finance Minister Shehan Semasinghe announced plans to introduce two significant bills to Parliament on May 22, aimed at bolstering the country's …