Finance Minister says govt.’s expectations well realized at the Development Forum

Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum […]

JHU takes protest against the proposed joint mechanism to the Kandy Development Forum

Kandy, Sri Lanka: Buddhist monk legislator Athuraliya Ratana makes an unscheduled address at a meeting of international aid donors in Kandy, Sri Lanka 16 May 2005 denouncing President Chandrika Kumaratunga’s  plans to enter into a controversial deal with Tiger rebels.   AFP PHOTO/LR/aj The Jathika Hela Urumaya (JHU) – a political party made up of Buddhist […]

Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005

Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005 form bilateral partners, to help tied over the cost of post-tsunami reconstruction, the External Resources Department said in a pre-Development Forum report.Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005 form bilateral partners, to […]

Politics steals the thunder from Sri Lanka’s aid parley

KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]

High Pressure Oil

Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation.Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation. Indian High commission in Colombo is putting diplomatic […]

‘s aid parley

KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]

Sri Lanka truce, foreign aid under threat, Japan warns

Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami relief could jeopardise foreign aid prospects, a top Japanese envoy said Saturday.Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami […]

Pledges not the issue, getting the money is

The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn in aid pledged in the aftermath of the December tsunami.The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn […]

‘s debt, repayable over 4 years

The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]

World Bank Vice President Praful Patel leads Bank team for aid meet

Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the agenda. Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the […]

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