Tag: lbo

A delegation from the Millennium Challenge Corporation (MCC) will be in town next week, to weigh Sri Lankas eligibility for assistance from the Millennium Challenge Account (MCA). A delegation from MCC will visit Sri Lanka from June 1- 5, the US Embassy said Friday.rn rnThe MCC is a U.S. Government corporation created in January, to […]

The ADB says it is watching the economic management of Sri Lanka with much interest and called for lquote efficiency in economic management and lquote courage in policy making. rnrnVisiting ADB Vice President Mr Liqun Jin said the ADB would like to see ldblquote efficiency in economic management and courage in policymaking in Sri Lanka, […]

An international donors meeting on Sri Lanka next week is expected to push for a resumption of peace talks between Colombo and Tamil Tiger rebels, the US State Department said.rnThe meeting in Brussels will be among Norway, Japan, the European Union and the United States, which are leading efforts to drum up financial aid for […]

US Deputy Secretary of State Richard L Armitage will travel to Brussels May 31 to June 2, 2004 for consultations with fellow donor co-chairs of the Tokyo Conference on Reconstruction and Development of Sri Lanka on the current status of the peace process in Sri Lanka.Other participants will represent the governments of Norway, Japan and […]

Norways top peace-broker met with a Tamil Tiger rebelrnleader Wednesday in the latest effort to revive stalled peace talks betweenrnthe guerrillas and the Sri Lankan government, the Associated Press reports.rn The government has sent the Tigers a proposed agenda for talks and thernrebels were expected to give a response to the document during their meeting […]

Sri Lankas trade deficit for March expanded marginally, as the countrys import bill galloped ahead of export earnings, the Central Bank said Wednesday.Trade deficit for March grew US$ 70 mn to US$ 223 mn in 2004, as foreign inflows from tourism, ports, private transfers and net inflows of portfolio investments eased the pressure on the […]

A 10-year State guarantee to buy its entire requirement of school, police and hospital uniform cloth is on offer to any investor daring to revive Kabool Lanka. Freedom Alliance Labour Minister Atauda Seniviratner says the government will also pledge Treasury approval to phase out the payment of some Rs. 160 million in outstanding statutory payments […]

Sri Lankas foreign reserves took a 2.2 percent dip in March, slightly above a 5.7 percent drop in January 2004, according to latest data released by the Central Bank.rnrn Officialrnor Central Bank reserves slipped to US$ 2,261.5 mn, while total reserves, whichrnalso includes private holdings, rose 3.0 percent to US$ 3,313.3 mn.rn SrirnLanka has to […]

Sri Lankas Tamil Tigers have asked India to reconsider its extension of a ban on the rebels imposed over the assassination of former premier Rajiv Gandhi.The Tamil National Alliance, the rebels proxies in parliament, said the ban raised the concern of the islands minority Tamils about Indias commitment to ending the three decades of bloodshed […]

The World Bank handed out Rs. 4 million of grant money directly to eight non-governmental organizations recently.This model of directly supporting community-based work is a new concept promoted by the World Bank who in the past has only directly lent to governments.rn rnThe bank says there were over 300 applications of which they chose 8 […]

Sri Lanka needs to return to the negotiating table with the LTTE to untangle US$ 4.5 billion in international aid, but talks with the Tamil rebel faction still seem distant.After a four-day situation analysis, Japans Special Envoy to the Sri Lankan Peace Process left it open for the government and the LTTE to set a […]

President Chandrika Kumaratungas minority government secured the deputy speakers post in Parliament on Tuesday after the main opposition party offered no resistance to the move.The United National Front reached an agreement with the government not to oppose Kumaratungas candidate for the position, said party spokesman Mahinda Samarasinghe.rn rnHe did not elaborate. rn rnThe UNFs position […]