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Cabinet approves international sovereign bond restructuring
Sri Lanka’s Cabinet approved the restructuring of $14.2 billion in international sovereign bonds by swapping existing bonds for new ones, aligned with the IMF's debt sustainability analysis, following agreemen...
2024-11-27
The Morning
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DEBT RESTRUCTURING: SL could still face foreign debt stock above 70% of GDP
The Asian Development Bank (ADB) has warned that even after completing debt restructuring, Sri Lanka may still face external debt exceeding 70% of its GDP unless it implements debt management laws. The bank's April Development Report und...
2024-04-16
The Morning
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Prioritise building inclusive social protection system: ADB tells Sri Lanka
The Asian Development Bank (ADB) underscores the immediate need for Sri Lanka to establish institutional frameworks for an inclusive social protection system, vital for economic recovery. Fragmented past programs have resulted in low coverag...
2024-04-16
Daily Mirror
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Sri Lanka making new economic laws to embed structural reforms
Sri Lanka is undergoing a legislative transformation, with Treasury Secretary Mahinda Siriwardana revealing plans to introduce new laws and revise existing ones based on past experiences and lessons learned. The focus lies on structural refo...
2024-04-14
Economy Next
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Drafting of property tax proposal initiated
The Ministry of Finance in Sri Lanka has confirmed its intent to introduce a new National Property Tax (NPT), following recommendations from an International Monetary Fund (IMF) study. Contrary to rumors, the government clarified that only a...
2024-04-13
The Morning
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