Tag: Finance

A new Authority to implement Sri Lanka’s tsunami rebuilding plan, will get parliamentary approval by early February. A new Authority to implement Sri Lanka’s tsunami rebuilding plan, will get parliamentary approval by early February. The legislation to set up the Authority has already been drafted and will come before Parliament as an urgent Bill. “The […]

The Millennium Challenge Corporation(MCC) – the US body established to assist developing countries – is looking at supporting Sri Lanka’s tsunami reconstruction.The Millennium Challenge Corporation(MCC) – the US body established to assist developing countries – is looking at supporting Sri Lanka’s tsunami reconstruction. The MCC says Sri Lanka can apply for assistance from its billion-dollar […]

The government is doling out up to US$ 500 each for 40,000 families whose homes were completely destroyed by the tsunami.The government is doling out up to US$ 500 each for 40,000 families whose homes were completely destroyed by the tsunami. The government proposes to allocate US$ 200 and a cash advancement of US$ 300 […]

Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid.Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid. The last […]

Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul Gayoom was still seen consolidating his position as Asia’s longest serving leader.Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul […]

US Deputy Secretary of State Richard Armitage is to travel to Brussels next week for talks with fellow donors on the current status of the peace process in Sri Lanka, the State Department said.US Deputy Secretary of State Richard Armitage is to travel to Brussels next week for talks with fellow donors on the current […]

Tamil Tiger rebels announced they were putting on hold their struggle for greater autonomy for the Tamil minority in order to deal with the aftermath of the tsunami disaster.Tamil Tiger rebels announced they were putting on hold their struggle for greater autonomy for the Tamil minority in order to deal with the aftermath of the […]

Donor countries say they have credited nearly US$ 50 mn, in cash, for immediate rehabilitation work in Sri Lanka, but the government is still picking up the numbers.Donor countries say they have credited nearly US$ 50 mn, in cash, for immediate rehabilitation work in Sri Lanka, but the government is still picking up the numbers. […]

Reporters Without Borders voiced fears that 22 January elections in the Maldives had virtually no chance of being free and fair as promised by the government because of a striking absence of press freedom. Reporters Without Borders voiced fears that 22 January elections in the Maldives had virtually no chance of being free and fair […]

Anti-corruption watchdog wants the government of Sri Lanka to disclose tsunami-donations.Anti-corruption watchdog wants the government of Sri Lanka to disclose tsunami-donations. Transparency International Sri Lanka(TISL), the local arm of an international ant-corruption body, is organising an island wide monitoring mechanism on aid funds that came into Sri Lanka after the December Tsunami. On Thursday the […]

Sri Lanka launched an ambitious 3.5-billion dollar tsunami recovery plan Wednesday despite warnings from the International Monetary Fund of more economic troubles following the disaster.Sri Lanka launched an ambitious 3.5-billion dollar tsunami recovery plan Wednesday despite warnings from the International Monetary Fund of more economic troubles following the disaster. President Chandrika Kumaratunga urged unity in […]

The US Monday pulled back two military supply ships deployed for tsunami-relief operations in Sri Lanka even as Canada vowed a long-term commitment of its troops to help the island get back on its feet. The US Monday pulled back two military supply ships deployed for tsunami-relief operations in Sri Lanka even as Canada vowed […]