Tag: Sri Lanka
Sri Lanka warned of impending foreign debt crisis by IMF
Nov 30, 2007 (LBO) – The International Monetary Fund (IMF) has warned that Sri Lanka may be heading towards a foreign debt crisis unless the island changed its recent habit of borrowing commercial dollars to bridge high budget deficits. IMF’s executive directors in an assessment after the international monetary watchdog completed its annual Article IV […]
Sri Lanka needs spectacular fiscal gains to reach revised budget: economist
Nov 29, 2007 (LBO) – Sri Lanka’s state revenues have to grow twice as fast in the last quarter and expenses growth has to plunge to single digits for revised budget targets for 2007 to be reached, a private sector economist said. . According to disclosures under Sri Lanka’s fiscal responsibility law revenue up to […]
Sri Lanka should print less money and budget better: IMF
Nov 29, 2007 (LBO) – The International Monetary Fund (IMF) has asked Sri Lanka to print less money and have better budgets to prevent balance of payments problems and high inflation, after its annual discussions with the island. IMF’s executive board assessing Sri Lanka in the annual Article IV consultations with the island said recent […]
”: report
TOKYO, Nov 29, 2007 (AFP) – Sri Lankan President Mahinda Rajapakse has vowed to “wipe out terrorists” amid fears of a return to all-out war with the Tamil Tiger rebels, a newspaper said Thursday.“We put pressure on the group to give up its arms and enter the political mainstream. Terrorists must be wiped out from […]
UN chief slams Sri Lanka attacks
UNITED NATIONS, Nov 28, 2007 (AFP) – UN chief Ban Ki-moon on Wednesday condemned the latest suicide bombing in Sri Lanka and called for an end to the violence, his press office said in a statement.Officials blamed both attacks on Tamil Tiger rebels, who have been fighting for an independent Tamil homeland for 35 years, […]
Security clampdown in Sri Lanka capital after deadly blasts: police
Nov 29, 2007 (AFP) – Sri Lankan forces threw a security blanket over the capital Colombo on Thursday and appealed for extra public vigilance a day after twin bomb attacks left 19 people dead and 45 injured, police said.“There is a general security alert across Colombo,” police spokesman Jayantha Wickremaratna said. Officials have blamed the […]
Sri Lanka terror blasts condemned by EU
Nov 29, 2007 (LBO) – The European Union Thursday said it condemns the terrorist attacks in the Sri Lankan capital Colombo in which at least 18 people were killed. . But an EU statement released by the British High Commission did not name the perpetrators of the attacks whom the island government has identified as […]
Sri Lanka, rebels ready for war: analysts
Nov 28, 2007 (AFP) – Sri Lanka appears set to slide back into full-scale war with both the Tamil Tigers and the government washing their hands of a tattered truce, analysts and diplomats say.In an annual policy speech broadcast Tuesday from the rebel-held north of the island, Tamil Tiger supremo Velupillai Prabhakaran said trying to […]
UN calls for action to stop climate change catastrophe
Nov 28, 2007 (LBO) – The United Nations Development Program says climate change has become the central challenge of development. UNDP has just released its Human Development Report in which Sri Lanka is ranked 99 out of 177 countries. This is a message from UNDP administrator Kemal Dervis Climate Change and Development: The central challenge […]
Sri Lanka suicide bomb attack in capital Colombo
Nov 28, 2007 (LBO) – A female Tamil Tiger suicide bomber blew herself up Wednesday morning in front of the office of a minority Tamil political party in the Sri Lankan capital Colombo, the Defence Ministry said. It gave no other details. The blast came a day after a speech by Tiger leader Velupillai Prabhakaran […]
Sri Lanka makes progress despite war, UN says
Nov 28, 2007 (LBO) – A new report by the United Nations says that Sri Lanka is doing well according to human development indicators despite the disruption and suffering caused by a long-running ethnic war. The United Nations Development Programme’s Human Development Report for 2007 indicates that Sri Lanka is making steady progress in human […]
Sri Lankan minister targeted by Tamil Tiger suicide bomber
Nov 28, 2007 (LBO) – A female suicide bomber blew herself up in the Sri Lankan capital on Wednesday, wounding at least three security men outside a minister’s office, the AFP news agency quoted police as saying. The bomber tried to enter the heavily guarded building housing the offices of welfare and social development minister […]