President Leads Discussion on Sri Lanka’s Framework for Combating Money Laundering and Terrorism Financing

A high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held today (23) at the Presidential Secretariat under the patronage of President Anura Kumara Disanayake. The meeting focused on preventing money laundering and countering terrorism financing (AML/CFT) and included participation from cabinet ministers, ministry secretaries, officials from …

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SMEs Guide SL: Relief Measures to Assist the Affected Small and Medium Enterprises

The Central Bank of Sri Lanka issued a Circular to Licensed Banks on 19.12.2024, highlighting relief measures to be provided to the Small and Medium Enterprises (SMEs) affected due to the Easter Sunday attack, COVID-19 pandemic, and the extraordinary macroeconomic conditions that prevailed during the recent past, as agreed by the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA) during the …

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President Expresses Gratitude to China for Debt Restructuring Support and Economic Assistance

President Anura Kumara Dissanayake expressed his gratitude to the Chinese government for its support during debt restructuring as well as in the face of the economic crisis. He stated that his appreciation extends to China’s assistance in the debt restructuring program and its provision of loans to Sri Lanka during the economic challenges. President Dissanayake made these remarks during a …

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Members Appointed to the Port City Economic Commission

President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13). Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman of the Port City Economic Commission. The other …

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Sri Lanka: Technical Assistance Report-Debt Management Reform Plan

Summary The Sri Lankan authorities have embarked on an ambitious reform of its public debt management functions. There is consensus that the fragmented public debt management (PDM) legal framework and PDM functions across departments within the MoF and the CBSL have contributed to the lack of coherent management of the public debt in Sri Lanka. It has also contributed to …

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Nadu Rice Prices Set: Wholesale Rs. 225, Retail Rs. 230

President Emphasizes Strict Action against Traders Not Adhering to Controlled Rice Prices • White Rice Prices: Wholesale Rs. 215, Retail Rs. 220• Imported Nadu Rice Retail Price Set at Rs. 220• Samba Rice Prices: Wholesale Rs. 235, Retail Rs. 240• Keeri Samba Prices: Wholesale Rs. 255, Retail Rs. 260• President Inquires About Frequent Daily Price Fluctuations in Rice• Consumer Affairs …

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Women entrepreneurs in Sri Lanka connect with UK companies through UK – Sri Lanka Trade Mission

The United Kingdom (UK)-Sri Lanka Trade Mission, part of the UK Government-funded SheTrades Commonwealth+ Programme, is connecting 13 UK companies with 45 Sri Lankan women entrepreneurs on 2 – 6 December 2024. Co-organised by the International Trade Centre (ITC) and the Sri Lanka Export Development Board (EDB), the trade mission aims to strengthen bilateral economic trade between the UK and …

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World Bank Pledges Support for Sri Lanka’s “Clean Sri Lanka” Programme

The World Bank has expressed its commitment to supporting the Government of Sri Lanka’s “Clean Sri Lanka” programme, as announced by World Bank Executive Director Parameswaran Iyer during a meeting with President Anura Kumara Dissanayake at the Presidential Secretariat today (04). Congratulating the President on forming the new government, Mr. Iyer affirmed that all ongoing World Bank-supported projects in Sri …

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IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said on Saturday that it would release about $333m, bringing total funding to $1.3bn, …

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