Tag: Finance

Though there are doubts about how soon the US$ 2 billion aid pledge can be drawn down, the government is already getting the benefits of the debt moratorium.Though there are doubts about how soon the US$ 2 billion aid pledge can be drawn down, the government is already getting the benefits of the debt moratorium. […]

Norwegian special envoy Erik Solheim arrived here Sunday for a fresh attempt to revive Sri Lanka’s deadlocked peace talks with Tamil Tiger rebels, an official said, as violence escalated in the island’s troubled east. Norwegian special envoy Erik Solheim arrived here Sunday for a fresh attempt to revive Sri Lanka’s deadlocked peace talks with Tamil […]

Suspected Tamil Tiger rebels shot dead a senior government official in eastern Sri Lanka Friday ahead of a visit to the region by a Norwegian peace envoy, the defence ministry said.Suspected Tamil Tiger rebels shot dead a senior government official in eastern Sri Lanka Friday ahead of a visit to the region by a Norwegian […]

Sri Lanka’s peacebroker Norway announced Friday a fresh bid to salvage the island’s faltering efforts to end ethnic bloodshed amid escalating violence in the island’s embattled eastern province.Sri Lanka’s peacebroker Norway announced Friday a fresh bid to salvage the island’s faltering efforts to end ethnic bloodshed amid escalating violence in the island’s embattled eastern province. […]

A senior US official is due in Sri Lanka next week to assess tsunami clean up operations and give tools to local tradespeople affected by the unprecedented natural disaster, the US embassy said Friday. A senior US official is due in Sri Lanka next week to assess tsunami clean up operations and give tools to […]

A Sri Lankan soldier enraged over not being given home leave for the traditional New Year shot dead his superior officer and two colleagues Saturday, officials said. A Sri Lankan soldier enraged over not being given home leave for the traditional New Year shot dead his superior officer and two colleagues Saturday, officials said. The […]

Sri Lanka’s president called Thursday for a deal with Tamil Tiger rebels on distributing aid to tsunami survivors, saying it would set the stage for a final agreement to end a decades-old separatist war.Sri Lanka’s president called Thursday for a deal with Tamil Tiger rebels on distributing aid to tsunami survivors, saying it would set […]

ADB today approved a US$197 million grant and loan package for two projects that will help rebuild tsunami- and conflict-affected areas of Sri Lanka. External funding for the projects will total $256 million including grant cofinancing by the European Commission and Sweden.   ADB today approved a US$197 million grant and loan package for two […]

The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. In its semi-annual World Economic […]

The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. In its semi-annual World Economic […]

Higher oil prices, the Indian Ocean tsunamis and patchy rains are expected to slow South Asia’s economic growth rate in 2005 to 6.5 percent from 7.1 percent logged in the past two years, the IMF said.Higher oil prices, the Indian Ocean tsunamis and patchy rains are expected to slow South Asia’s economic growth rate in […]

The tsunamis that slammed 11 Indian Ocean nations and killed an estimated 217,000 people could boost economic growth in hard hit countries thanks to reconstruction, the IMF said Wednesday.The tsunamis that slammed 11 Indian Ocean nations and killed an estimated 217,000 people could boost economic growth in hard hit countries thanks to reconstruction, the IMF […]