Tag: lbo
Donors say nearly US$ 50 mn already given in cash for relief work in Sri Lanka
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. […]
Maldives free elections threatened by lack of pluralism
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 government to disclose tsunami-donations.
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 begins tsunami rebuilding amid fresh peace moves
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 […]
Shelving Plans
Donors say funds hang in the balance, if the government shelves long term plans such as electricity reforms lined up this year, as tsunami re-building takes centre stage.Donors say funds hang in the balance, if the government shelves long term plans such as electricity reforms lined up this year, as tsunami re-building takes centre stage. […]
Building Block
The government has finally approved coastal building regulations, under the Urban Development Authority(UDA), for tsunami-damaged parts of the country.The government has finally approved coastal building regulations, under the Urban Development Authority(UDA), for tsunami-damaged parts of the country. Under latest guidelines no new construction is allowed up to 100m in the western coast and 200m in […]
US Defence Secretary says Sri Lanka may not need its troops for much longer.
Visiting US military leaders say Sri Lanka is well on the road to recovery and that its troops may not be needed much longer as the immediate the relief phase ends.Visiting US military leaders say Sri Lanka is well on the road to recovery and that its troops may not be needed much longer as […]
The Treasury says it already has US$ 500 mn needed for tsunami reconstruction work for this year
The Treasury says it has already secured US$ 500 mn that is needed for reconstruction work of tsunami damages for this year.The Treasury says it has already secured US$ 500 mn that is needed for reconstruction work of tsunami damages for this year. “We have already secured the US$ 500 mn that is needed for […]
US pulls back ships from Sri Lanka, Tigers take flack over child soldiers
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 […]
Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support
Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support.Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support. Treasury Secretary P. B. […]
UN steps in with US$ 166 mn urgent aid for tsunami relief work, including US$ 30 mn payable through cash schemes for survivors
United Nations agencies have stepped in with US$ 166 mn in urgent aid for Sri Lanka, part of which will fund a scheme to set off tax liabilities of some half a million people who have lost all paper in the recent tsunami.United Nations agencies have stepped in with US$ 166 mn in urgent aid […]
Norway in post-tsunami bid to salvage Sri Lanka peace process
Norway will next week launch its first post-tsunami attempt to salvage Sri Lanka’s faltering peace process, diplomatic sources here said.Norway will next week launch its first post-tsunami attempt to salvage Sri Lanka’s faltering peace process, diplomatic sources here said. Top peace envoy Erik Solheim is due here for talks with Sri Lankan leaders as well […]