Ad Widget

45th SAARC FINANCE Governors’ Meeting and Symposium

xr:d:DAFnXDbZRoo:36,j:4282192976072233294,t:23070602 The Central Bank of Sri Lanka hosted the 45th SAARCFINANCE Governors’ Meeting and Symposiumduring 13-14 June 2024 in Colombo. The event was attended by the Governors, Finance Secretaries,and other delegates from the Central Banks and Ministries of Finance in...

President Emphasizes He has not deviated from the Principles of the Democratic Socialist System

I’m Committed to Ensuring Adequate Living Standards for All Citizens and Rapid Development for the Nation. President Ranil Wickremesinghe emphasized that he has not deviated from the principles of the democratic socialist system in Sri Lanka. He noted that two...
Ad Widget

IMF Executive Board Concludes 2024 Article IV Consultation with Sri Lanka and Completes the Second Review Under the Extended Fund Facility

The IMF Executive Board completed the 2024 Article IV Consultation and Second Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $336 million) to support its economic...

CBSL to Function as the Regulatory and Supervisory Authority of Money or Value Transfer Service Providers

xr:d:DAFnXDbZRoo:36,j:4282192976072233294,t:23070602 Currently, institutions providing money transfer services in Sri Lanka such as banks and non-bank financial institutions, are regulated by the Central Bank of Sri Lanka (CBSL) or other relevant authorities to ensure financial system stability. However, some entities providing...

IMF Agreement: Mandatory Compliance for whoever comes to power – Bandula Gunawardena

Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena stressed the necessity of adhering to the loan agreements with the International Monetary Fund (IMF) until 2028 while formulating the budget for the upcoming year 2025, regardless of the governing...

Submission of the Economic Transformation Bill Marks First Step in Economic Revitalization

Next Three Years Aimed at Building A Bright Future for Youth – The President President Ranil Wickremesinghe announced that the government has initiated the first step towards economic stability by submitting the Economic Transformation Bill. He stressed that regardless of...

Approval Granted for “Starlink” to Provide Satellite-Based Internet Services in Sri Lanka

The President has instructed the introduction of relief packages for the education and fishing sectors. State Minister of Technology, Kanaka Herath, announced that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted preliminary approval for ‘Starlink’ to provide satellite-based...

Plans for 250 New Bridges to Boost Rural Connectivity across the County

As the Economy Develops, Benefits should be Ensured for the Poorest of the Poor. Government Aims to Reduce Multidimensional Poverty to 10% – President Says at the Commemoration of Successful Completion of 750 Rural Bridges by the Netherlands for the...

Sri Lanka Purchasing Managers’ Index (Construction) – April 2024

Following the seasonal pattern where activities across many sectors slowdown during the traditional new year celebrations, Sri Lanka Purchasing Managers’ Index for Construction (PMI - Construction) decreased to an index value of 31.9 in April 2024. This indicates a contraction...

CCPI based headline inflation decelerated in May 2024

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decelerated to 0.9% in May 2024 from 1.5% in April 2024. This deceleration in the headline inflation is broadly in line with the projections of the Central Bank...
Loading posts...

All posts loaded

No more posts