South Asia Regional Director Imad Fakhoury has urged Sri Lanka to move beyond economic stabilisation and decisively enter a phase of competitive, private sector-led growth, warning that the Government …
IFC urges Sri Lanka to lock in reforms, leverage private capital to reach 7% growth target
South Asia Regional Director Imad Fakhoury has urged Sri Lanka to move beyond economic stabilisation and decisively enter a phase of competitive, private sector-led growth, warning that the Government …
IMF to review rapid financing request as Sri Lanka battles cyclone Ditwah aftermath
Colombo: Sri Lanka’s request for a Rapid Finance Instrument is being considered as a priority by the IMF in view of the recovery efforts after the devastating cyclone Ditwah, the global lender said …
IMF to review rapid financing request as Sri Lanka battles cyclone Ditwah aftermath
Colombo: Sri Lanka’s request for a Rapid Finance Instrument is being considered as a priority by the IMF in view of the recovery efforts after the devastating cyclone Ditwah, the global lender said …
IMF Prioritizes Sri Lanka’s Rapid Finance Request Post-Cyclone Ditwah
The IMF is prioritizing Sri Lanka’s request for a Rapid Finance Instrument following Cyclone Ditwah’s devastation. The natural disaster, which caused catastrophic floods and landslides, has left over …
618 dead in Sri Lanka landslides as rains batter South, Southeast Asia
At least 1,812 people have been killed in the natural disasters rolling across Sri Lanka, Indonesia, Malaysia, Thailand and Vietnam.
Indonesia battered by freak storm leaving 900 dead
Parts of Asia including Indonesia, Thailand, Malaysia, Sri Lanka and the Philippines have been pummeled by torrential rain, floods and landslides in the last week due to a series of “rare” weather events which have prompted questions about whether extreme weather is getting worse across the region.
Cyclone-hit Sri Lanka’s central bank asks lenders to provide relief measures
The Central Bank of Sri Lanka on Friday asked banks in the cyclone-ravaged country to provide measures including temporary debt relief and grant of new loan facilities to impacted borrowers. The …
Deadly cyclone dents Sri Lanka’s peak tourism season
By Uditha Jayasinghe KANDY, Sri Lanka, Dec 5 (Reuters) – November to January are usually the busiest season for Herath Gedara Rohan Anil Kumara’s three-bedroom homestay in Sri Lanka’s hill country, …
Sri Lanka announces $33,000 aid plan as Cyclone Ditwah toll rises
Disaster-hit Sri Lanka has unveiled a major compensation package to rebuild homes damaged by Cyclone Ditwah, which struck the island last week, as authorities brace for continued heavy rains, flooding …