Tag: lankabusinessonline
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 […]
High Pressure Oil
Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation.Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation. Indian High commission in Colombo is putting diplomatic […]
Politics steals the thunder from Sri Lanka’s aid parley
KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]
‘s aid parley
KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]
Sri Lanka truce, foreign aid under threat, Japan warns
Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami relief could jeopardise foreign aid prospects, a top Japanese envoy said Saturday.Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami […]
US agrees to defer US$ 40 mn in Sri Lanka’s debt, repayable over 4 years
The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]
Pledges not the issue, getting the money is
The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn in aid pledged in the aftermath of the December tsunami.The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn […]
‘s debt, repayable over 4 years
The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]
World Bank Vice President Praful Patel leads Bank team for aid meet
Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the agenda. Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the […]
Stock Exchange to open doors for five new members
The Colombo Stock Exchange is drawing up plans to admit at least five new members, but this time prospective applicants may have to bid for a license.The Colombo Stock Exchange is drawing up plans to admit at least five new members, but this time prospective applicants may have to bid for a license. Stock brokering […]
Sri Lanka says no return to war as donors fear for peace process
Sri Lanka vowed Thursday the country would not return to war despite a deadlock in peace talks and failure to strike a deal with Tamil rebels on tsunami relief ahead of a key review of foreign aid. Sri Lanka vowed Thursday the country would not return to war despite a deadlock in peace talks and […]