Tag: Sri Lanka
” Sri Lanka
WASHINGTON, February 2, 2011 (AFP) – US Secretary of State Hillary Clinton voiced hope for a “just and democratic” Sri Lanka as she offered congratulations ahead of the war-torn island’s Independence Day on Friday. Clinton said in a statement Wednesday that the United States and Sri Lanka have historically enjoyed “a strong relationship based on […]
Sri Lanka gets more cash, path open for reforms: IMF
Feb 03, 2011 (LBO) – Sri Lanka has got 216. 6 million US dollars from the International Monetary Fund despite missing one key target and lack of data for another, with the lender banking on better budgeting and inflation control. The dollar reserves are more than enough to convert the entire rupee monetary base which […]
Sri Lanka forex reserve target missed due to Iran repayment
Feb 03, 2011 (LBO) – Sri Lanka missed a foreign reserve target set in a deal with the International Monetary Fund due to an early repayment of a loan to Iran, IMF resident representative Koshy Mathai said. The government itself has no capacity to generate foreign exchange, except by borrowing and indebting future generations. Exports […]
Sri Lanka media attack threatens freedom: US
Feb 02, 2011 (LBO) – The United States said it was “deeply concerned” about the most recent attack on the media in Sri Lanka and said such violence silences voices, undermines freedom of expression and further undermines democracy. A total of 17 journalists and media employees have been killed in Sri Lanka in the past […]
Sri Lanka needs to regain export share, focus on Asia: IMF economist
Feb 02, 2011 (LBO) – Sri Lanka needs to boost its export sector at least to regain where it was in the share of exports to Gross Domestic Product about 10 years ago, a visiting economist said. “Probably Sri Lanka has the need to boost the export sector at least to regain where it was […]
Sri Lanka journalists protest arson attack on website
Feb 01, 2011 (AFP) – Dozens of Sri Lankan journalists took to the capital’s streets Tuesday to condemn an arson attack on a popular independent website and protest against assaults on press freedom in the country. Reporters, photographers and employees of privately-run media joined a demonstration in central Colombo a day after the arson attack […]
Sri Lanka spends Rs11bn to sterilize liquidity
Jan 31, 2010 (LBO) – Sri Lanka’s central bank has spent about 11 billion rupees last year to sterilize excess liquidity generated mainly from external sources, and existing excess liquidity is not a threat at the moment, officials said. A large stock of foreign reserves, significantly higher than the local monetary base, can make seigniorage […]
Sri Lanka inflation 6.8-pct in January
Jan 31, 2011 (LBO) – Sri Lanka’s inflation in January 2011 rose 6. 8 percent from a year ago after rising 6.9 percent in December 2010, the central bank said. Prices rose 1.3 percent during January 2011 with the index rising 231. 2 in the month, it said in a statement. The seasonally adjusted, moving […]
Sri Lanka news website offices torched
January 31, 2011 (AFP) – Unidentified attackers in the Sri Lankan capital Colombo set ablaze the offices of an anti-establishment news website on Monday. The lankaenews.com premises were torched in a pre-dawn attack but there were no reports of casualties, a police officer at the scene told AFP. Monday’s attack appeared similar to the July […]
Divisions over Sri Lanka book festival boycott call
GALLE, January 28, 2011 (AFP) – Does it make sense to defend freedom of speech by calling on writers not to speak at a literary festival? South African novelist Damon Galgut pulled out explicitly because of the campaign, while Turkish Nobel laureate Orhan Pamuk and fellow writer Kiran Desai withdrew last week for reasons which […]
Sri Lanka US embassy opens cultural link to Jaffna
Jan 27, 2011 (LBO) – Sri Lanka’s US embassy said it had set up an ‘American Corner’ in the northern Jaffna city, which will help people tap educational opportunities, knowledge and information technology. “An American Corner is much more than a small library where people can read books, magazines, or current newspapers,” Ambassador Patricia Butenis […]
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JOHANNESBURG, 2011 (AFP) – The global economic recovery is gaining traction but is “still at risk” because of eurozone debt worries and a lack of financial reform, the International Monetary Fund said on Tuesday. “Banks face significant funding needs now and over the next two years. In many advanced economies, we need to deal with […]