Tag: Sri Lanka
Sri Lankan Tiger attack casualties mount
Oct 22, 2007 (LBO) – Up to nine Sri Lankan servicemen and 20 Tamil Tiger rebels were killed during the Tiger air and ground attack on the Anuradhapura Sri Lanka Air Force airbase in the early hours of Monday, military officials said Two Mi-24 air force attack helicopters were badly damaged in the Tiger attack […]
Sri Lanka in new IFC bond index and fund
WASHINGTON, Oct 22 2007 (LBO) – Sri Lanka has been included in a new World Bank backed initiative to expand the international appeal of local currency bonds of emerging countries. The International Finance Corporation (IFC), the World Bank’s private sector financing arm, and the International Bank for Reconstruction and Development (IBRD) which finances middle income […]
Sri Lanka rebel suicide squad, planes hit air base
Oct 22, 2007 (AFP) – An elite Tamil Tiger suicide squad backed by light aircraft on Monday attacked a key Sri Lankan military base in an unprecedented ground and air assault, killing at least five soldiers. The rebels said 21 members of their “Black Tiger” unit and two light aircraft struck the Anuradhapura air base […]
Sri Lankan exports slow down in August
Oct 22, 2007 (LBO) – Sri Lanka’s exports slowed down in August 2007 but cumulative higher export growth over imports helped narrow the trade deficit for the first eight months of the year, the Central Bank said Monday. It said in a statement on the island’s external trade performance that higher growth of exports over […]
Sri Lanka says rebels killed in fresh clashes
COLOMBO, Oct 20, 2007 (AFP) – More than a dozen suspected Tamil Tiger rebels were killed in fresh fighting in the island’s embattled north, the defence ministry said Saturday.The military fired at a group of Tamil Tiger rebels who tried to break through the northern defence lines in Mannar on Saturday, killing eight, it said. […]
Sri Lanka told by terrorism experts no military solution possible
COLOMBO, Oct 21, 2007 (AFP) – Experts on counter terrorism have urged Sri Lanka’s government to capitalise on recent victories against the Tamil Tigers and try to hammer out a political solution to the long-running ethnic war. Earlier this year, government forces managed to eject the ethnic rebels from their last stronghold in the east […]
Sri Lanka could tap new World Bank agriculture aid, new strategy promised
WASHINGTON, Oct 21, 2007 (LBO) – The World Bank is putting up new money for agriculture development in rural areas but is promising not to repeat past mistakes that sowed small holder-based entrenched poverty in countries like Sri Lanka. In the 1980’s Sri Lanka embarked on a sweeping agricultural development drive building massive reservoirs and […]
Sri Lanka could tap new World Bank agriculture aid, better strategy promised
WASHINGTON, Oct 21, 2007 (LBO) – The World Bank is putting up new cash to boost rural agriculture and is promising not to repeat past mistakes that helped sow small holder-based entrenched poverty in countries like Sri Lanka. In the 1980’s Sri Lanka embarked on a sweeping agricultural development drive building massive reservoirs and irrigating […]
Sri Lanka should act on inflation, budget deficit: IMF
WASHINGTON, Oct 20, 2007 (LBO) – Sri Lanka should pay more attention to rising inflation and address the problem with the country’s budget, a top IMF official said. “Inflation has picked up and they need to pay more attention to that,” IMF’s Asia Pacific Director David Burton said at the launch of the Asia and […]
Sri Lanka military says 41 Tamil rebels killed
Oct 18, 2007 (AFP) – Sri Lanka’s military said Thursday its troops killed 41 suspected Tamil Tigers in renewed clashes in the island’s north, although the rebels said some of the victims were civilians.The Sri Lankan navy fired early Thursday at a cluster of Tamil Tiger boats off the northwest coast. They recovered an abandoned […]
Sri Lanka, middle income countries, in line to get more World Bank aid
WASHINGTON, Oct 19 2007 (LBO) – World Bank chief Robert Zoellick’s new push to lend to middle income nations is opening up new opportunities for countries like Sri Lanka to tap low cost funding, if good economic policies are followed. Zoellick said the bank was already working with the Gates Foundation. He said approaches by […]
Sri Lanka urged to resume talks with Tigers
Oct 19, 2007 (AFP) – An international counter-terrorism expert Thursday urged Sri Lanka’s warring parties to return to the negotiating table to end decades of bloodshed.Gerard Chaliand said Colombo’s military push was not the answer to the rebels’ violent campaign for autonomy for minority Tamils in the island’s north and east. “I believe generally, terrorist […]