Category: Economy
Foreign donors dangle cash carrot to push peace in Sri Lanka
An increased foreign aid offer of three billion dollars for Sri Lanka’s tsunami recovery is mainly aimed at pushing Colombo and Tamil Tiger rebels to salvage their peace talks, diplomats said Wednesday.An increased foreign aid offer of three billion dollars for Sri Lanka’s tsunami recovery is mainly aimed at pushing Colombo and Tamil Tiger rebels […]
Donors add US$ 500 mn to pledges taking total to over US$ 3 bn
The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments.The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments. The new pledges top up US$ 2.5 bn in tsunami aid and debt relief pledged already. The funds […]
The country’s first Millennium Development Goals Report, presented to Sri Lanka’s bilateral and multilateral donors, shows that strides in health and education, the island will miss targets to halve poverty by 2015.
Sri Lanka is falling behind on social sector gains and unemployment and poverty rises in tsunami and conflict hit areas, warns a UN report released during Tuesday’s aid parley. Sri Lanka is falling behind on social sector gains and unemployment and poverty rises in tsunami and conflict hit areas, warns a UN report released during […]
Foreign aid absorption to increase by 18 percent in 2005
Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid inflows.Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid inflows. “The public investment programme for this year is […]
India puts off US$ 30 mn in loan repayments over three years
India on Tuesday said it would postpone up to US$ 30 million in debt repayment over the next three years.India on Tuesday said it would postpone up to US$ 30 million in debt repayment over the next three years. The Finance Minister meanwhile hopes to leverage India’s commitment to push the Paris Club to extend […]
Finance Minister says govt.’s expectations well realized at the Development Forum
Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum […]
Background papers presented by Sri Lanka at the May 16-17 Development Forum.
Background papers presented by Sri Lanka at the May 16-17 Development Forum.Background papers presented by Sri Lanka at the May 16-17 Development Forum. Government Presentations
President tells donors that a solution would be found to the problem of channelling aid to LTTE controled areas
Sri Lanka’s President Chandrika Kumaratunga told international donors that a solution would be found to the problem of channelling aid to the tsunami stricken areas controlled by the Tamil Tigers, a move that is strongly opposed by a coalition ally in her government.Sri Lanka’s President Chandrika Kumaratunga told international donors that a solution would be […]
Opening speeches underline sharp differences in the thinking of a typical third world country and donors
The opening speeches at Sri Lanka’s annual aid and policy review conference, underlined the sharp differences in the thinking of a typical third world country and donors who try to prevent governments from following policies that impoverish its citizens.The opening speeches at Sri Lanka’s annual aid and policy review conference, underlined the sharp differences in […]
‘s expectations well realized at the Development Forum
Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum […]
JHU takes protest against the proposed joint mechanism to the Kandy Development Forum
Kandy, Sri Lanka: Buddhist monk legislator Athuraliya Ratana makes an unscheduled address at a meeting of international aid donors in Kandy, Sri Lanka 16 May 2005 denouncing President Chandrika Kumaratunga’s plans to enter into a controversial deal with Tiger rebels. AFP PHOTO/LR/aj The Jathika Hela Urumaya (JHU) – a political party made up of Buddhist […]
Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years
Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy.Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy. Finance Minister […]