Former president Ranil Wickremesinghe-led government was negotiating with the IMF for the release of the fourth tranche of the $2.9 billion facility A high-level team of the International Monetary Fund will arrive in Sri Lanka on Wednesday (October 2, 2024) to meet the new government headed by President Anura Kumara Dissanayake and discuss the latest economic reforms supported by the …
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The selling rate of the US dollar has fallen below Rs. 300 for the first time since June 8, 2023. According to the Central Bank of Sri Lanka, the selling rate of a US dollar was recorded at Rs. 299.35 while the current buying rate stands at Rs. 290.30.
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The Chief Representative of the Japan International Cooperation Agency (JICA), Mr. Yamada Tetsuya, along with a delegation of senior representatives, met with the Secretary to the President Dr. Nandika Sanath Kumanayake, this afternoon (01) at the Presidential Secretariat. The discussion focused on the second phase of the Bandaranaike International Airport (BIA) Development Project, implemented by JICA, and the immediate launch …
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Sri Lanka’s inflation has decreased to -0.5% in September 2024, compared to 0.5% in August 2024, according to the national consumer price index, the department of census and statistics said on today. The inflation in the food category which was reported at 0.8 percent in August decreased to -0.3percent in September, according to the department.
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The National People’s Power (NPP) government led by President Anura Kumara Dissanayake is to abandon initial plans by the previous rule to sell off or divest the cash-strapped SriLankan Airlines, an official said. The Chairman of the NPP Economic Council Prof. Anil Jayantha said the government believes that the national career should remain with the state given its significance for …
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“Sri Lanka Socio-Economic Data – 2024”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 47th volume of the series. This easy-to-carry booklet contains information categorised under 14 topics, namely, Country Profile; Key Economic Indicators; Country Comparisons; Socio Economic Conditions; Human Resources; National Accounts; Agriculture; …
Continue ReadingThe Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively. The Board arrived at this decision after carefully …
Continue ReadingThe Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively. The Board arrived at this decision after carefully …
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The World Bank Group has extended its warm congratulations to Honourable Anura Kumara Dissanayake on his election as the 9th Executive President of Sri Lanka. In an official letter, Martin Raiser, Vice President for the South Asia Region of the World Bank, and Riccardo Puliti, Vice President for the Asia and Pacific Region of the International Finance Corporation, expressed the …
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Allocate Rs. 25,000 per hectare for the Maha season as a fertilizer subsidy. Implement a fuel subsidy specifically for fishermen. Honourable President Anura Kumara Dissanayake has instructed the Treasury to provide an allowance of Rs. 25,000 per hectare to paddy farmers for the Maha season of 2024/25. According to this initiative, the fertilizer subsidy, which was previously set at Rs. …
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