Meeting IMF deficit target key to continue recovery Measures to expand tax net will be a focus in the budget Surprise Parliament polls could be in second quarter ECONOMYNEXT – Sri Lanka’s 2024 budget which will be presented to the parliament on Monday (13) is likely to focus on new welfare measures amid steep fall in government’s popularity among the public while new revenue measures are expected in line with meeting IMF targets,
$150 million from World Bank to strengthen Sri Lanka’s financial sector
The World Bank’s Board of Executive Directors on Thursday (Nov. 09) approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.
$150 million from World Bank to strengthen Sri Lanka’s financial sector
The World Bank’s Board of Executive Directors on Thursday (Nov. 09) approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.
Heavy showers across Sri Lanka
The Met Department said Showers or thundershowers will occur at times in Northern, North-central, Central and Eastern provinces. Showers or thundershowers – Get the latest breaking news and top …
World Bank supporting ‘transformative initiatives’ in Sri Lanka recovery from default
Washington based World Bank is supporting Sri Lanka’s return to a growth path by helping transform key sectors with more concessional funds as the island recovers from a sovereign default, Managing Director Anna Bjerde said.
Adani is building a port, Sri Lanka is trying to sail again
President Ranil Wickremesinghe wants to repair the foreign policy damage wrought by his predecessor and attract investments from US and India. But China remains a force to reckon with …
US to build $553M terminal in Sri Lanka to compete with China’s Belt and Road
The Colombo port also has a terminal run by China Merchants Port Holdings. Another Chinese project, a luxury oceanside development spanning over 269 hectares of reclaimed land called Port City, is …
U.S. Finance Agency Lends to Sri Lankan Port to Counter Chinese Influence
The U.S. International Development Finance Corporation is joining forces with the Adani Group, strengthening ties to India and an embattled conglomerate.
Taxation reforms played significant role in Sri Lanka’s transformation – Minister Semasinghe
In the face of economic challenges, Sri Lanka is on the brink of a transformative journey towards financial resilience and stability.
US to invest $553m in Sri Lankan container terminal
The US International Development Finance Corporation says it will invest $553m in a container terminal in the Sri Lankan capital, Colombo.