Category: Industry
Debt Grace
The Paris Club of creditor nations offered an unconditional freeze on debt repayments for Indonesia, the Seychelles and Sri Lanka to help them recover from last month’s catastrophic tidal waves.The Paris Club of creditor nations offered an unconditional freeze on debt repayments for Indonesia, the Seychelles and Sri Lanka to help them recover from last […]
Fluid Picture
International rating agency Fitch Ratings, says a debt moratorium extended by the Paris Club, deferring external debt service for an as yet unspecified period could lead to an unintended bunching of repayments and more generalised debt service difficulties at a later date.Making its observation before the Paris Club meeting Fitch says that the G7 external […]
Money Matters
Civil rights groups are calling on the government and other non-governmental organisations (NGO) for transparency in tsunami relief operations.Civil rights groups are calling on the government and other non-governmental organisations (NGO) for transparency in tsunami relief operations. “An immediate attempt should be made to account for all donations that have been received for reconstruction and […]
Where Are They?
Sri Lanka’s tsunami orphans could be further traumatized unless they are quickly reunited with their surviving relatives, rights organisations warned amid calls to put them up for adoption.Sri Lanka’s tsunami orphans could be further traumatized unless they are quickly reunited with their surviving relatives, rights organisations warned amid calls to put them up for adoption. […]
Mine Scare
Landmine ban advocacy groups have said claims of shifting landmines are exaggerated, with the tsunami uprooting just about ten of the explosive devices in all un-cleared areas.Landmine ban advocacy groups have said claims of shifting landmines are exaggerated, with the tsunami uprooting just about ten of the explosive devices in all un-cleared areas. The past […]
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 […]
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 […]