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Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
Featured Insight
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
Featured Insight
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
Featured Insight
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
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Hopeful of Sri Lanka ISB restructuring deal despite ‘some setbacks’: IMF Official
Krishna Srinivasan, Director of the Asia and Pacific Department at the International Monetary Fund, has expressed optimism regarding the prospect of a deal with Sri Lanka’s sovereign bond holders, despite encountering "some setbac...
2024-04-19
Economy Next
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Gross official reserves just shy of US$ 5bn
In March, Sri Lanka's Central Bank reported its highest gross official reserve assets in over three years, reaching US$ 4,951 million, up from US$ 4,520 million the previous month. This recovery was driven by increased inflows from remit...
2024-04-08
Daily Mirror
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Sri Lanka's debt repayments to be suspended until 2028
Sri Lanka and its creditors, led by Japan, are finalizing negotiations to suspend debt repayments until 2028, aiming to prevent China's influence from expanding on the debt-ridden island. The repayment period will extend from 2028 to 204...
2024-04-06
Nikkei Asia
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IRD defaulted taxes surpass Rs. 1 trillion
The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...
2024-04-05
The Morning
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IMF says “strong expectation” on Sri Lanka deal with private creditors
Sri Lanka is making strides towards financial stabilization as it moves towards agreements with commercial creditors, including discussions with the International Monetary Fund (IMF). The IMF Communications Director, Julie Kozack, expressed...
2024-04-05
Economy Next
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