Tag: Sri Lanka
U.S. Delays Decision on Suspending Tsunami-Nation Debt Payments
The U.S. government will not back European-led calls for a suspension of debt repayments by tsunami- stricken countries until it determines whether that’s in the best interests of the nations involved, a U.S. Treasury spokesman said. The U.S. government will not back European-led calls for a suspension of debt repayments by tsunami- stricken countries until […]
Top trade chamber lobbies the Treasury to let it bring in duty free relief
The Ceylon Chamber of Commerce is lobbying the Treasury to be included in a list of agencies allowed to bring in duty free relief shipments to help tsunami victims.The Ceylon Chamber of Commerce is lobbying the Treasury to be included in a list of agencies allowed to bring in duty free relief shipments to help […]
Colin Powell says US contribution to rehabilitating Sri Lanka has already come to US$ 25mn
The US contribution to rehabilitating tsunami wrecked Sri Lanka comes to US$ 25 mn already, says outgoing US Secretary of State, Colin L.Powell. The US contribution to rehabilitating tsunami wrecked Sri Lanka comes to US$ 25 mn already, says outgoing US Secretary of State, Colin L. Powell. “The total US contribution so far is US$ […]
Tsunami aid saves Sri Lanka from disaster
Sri Lanka was facing a foreign exchange crisis when tsunamis caused massive loss of life, but analysts say spontaneous international aid may have saved the country from a bigger economic calamity. Sri Lanka was facing a foreign exchange crisis when tsunamis caused massive loss of life, but analysts say spontaneous international aid may have saved […]
UN asking for US$ 33.1 mn for Sri Lanka at Jakarta donors conference, Thursday
Sri Lanka is hoping to raise US$ 33.1 mn in initial aid, to rebuild the islands tsunami ravaged essential infrastructure, at a United Nations (UN) ‘flash appeal’ in Jakarta, Indonesia, on Thursday.Sri Lanka is hoping to raise US$ 33.1 mn in initial aid, to rebuild the islands tsunami ravaged essential infrastructure, at a United Nations […]
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As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies.As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies. The Tamil Rehabilitation Organisation (TRO) – a registered […]
The Tamil Rehabilitation Organisation says the Sri Lankan army is ‘hampering’ aid to the North and the East and is ‘creating tension.’
As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies.As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies. The Tamil Rehabilitation Organisation (TRO) – a registered […]
‘s economic growth target
The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent this year, though the impact over the medium term will not be significant, says Fitch Ratings Lanka. The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent […]
The ADB pledges US $500 mn to Indonesia, Maldives, and Sri Lanka
The Asian Development Bank (ADB) pledges US 0 mn to Indonesia, Maldives, and Sri Lanka at the Jakarta donor conference on Thursday.The ADB said it will provide up to US $500 mn to Indonesia, Maldives, and Sri Lanka in the form of grants and highly concessional funds to rebuild after Decembers tsunamis. In addition, more […]
Fitch Ratings cuts Sri Lanka’s economic growth target
The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent this year, though the impact over the medium term will not be significant, says Fitch Ratings Lanka. The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent […]
Government revenue is not likely to take a hit as foreign aid floods in.
Government revenue is not expected to take too much of a hit as donors pledge over US$ 1 bn in foreign aid to re-build tsunami stricken areas along the coast.Government revenue is not expected to take too much of a hit as donors pledge over US$ 1 bn in foreign aid to re-build tsunami stricken […]
Canada considers opening its doors to tsunami orphans
The federal government is considering allowing families in Canada to bring over tsunami orphans to start a new life here, Immigration Minister Judy Sgro revealed yesterday.The federal government is considering allowing families in Canada to bring over tsunami orphans to start a new life here, Immigration Minister Judy Sgro revealed yesterday. The government may ease […]