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Sri Lanka Secures USD 200 Million from World Bank’s IDA for Second Phase of RESET Program

The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program. The agreement...

President Reaffirms Commitment to IMF Objectives, Advocates for Alternative Solutions to ease the burden on people

In a significant meeting today, President Anura Kumara Dissanayake engaged directly with IMF delegation included Director of the Asia Pacific Department, Krishna Srinivasan and SeniorMission Chief Dr. Peter Breuer to discuss the progress of Sri Lanka’s on-going IMF programme. The...
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High-Level IMF Team Meets Sri Lankan Government to Discuss Economic Reforms

A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the...

High-level IMF team to arrive in Sri Lanka today

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)...

USD selling rate drops below Rs. 300 after 15 months

Cash Money. One Hundred Dollars Bills .Money background. 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...

AKD Government abandons plan to privatize SriLankan Airlines – Chairman of the NPP Economic Council

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...

Release of “Sri Lanka Socio-Economic Data – 2024” Publication

“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...

The Central Bank of Sri Lanka maintains policy interest rates at their current levels

The 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...

Presidential Subsidy Initiative Supports Farmers and Fishermen

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...

Consumer Affairs Authority calls for reduction of bakery product prices

According to the Consumer Affairs Authority (CAA), the prices of egg-based bakery products should also decrease in line with the reduction in the price of eggs in the market. He further emphasized that steps should be taken to pass this...
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