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Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
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SL is closer to rating agencies’ determination on solvency status: CB
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, is optimistic that completing debt restructuring and beginning repayments will remove the country's 'default' status and restore access to...
2024-07-27
Daily Mirror
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Sri Lanka US$6.9bn fx debt service in 2022, 39-pct owed to domestic holders
Sri Lanka’s 2022 debt service payments are 6,919 million dollars of which 2.72 billion US dollars are owed to domestic holders Central Bank Governor Nivard Cabraal said, which is close to 40 percent of total payments. Sri Lanka has to pay 6,919 million US dollar...
2022-01-13
EconomyNext
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President requests China to restructure debt repayment
President Gotabaya Rajapaksa who met with visiting Chinese State Councillor and Foreign Minister Wang Yi said it would be a great relief for Sri Lanka in the midst of the economic crisis if debt payments could be restructured. A statem...
2022-01-10
Daily mirror
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Sri Lanka foreign reserves US$3,137mn in Dec, gold reserves down
Sri Lanka’s foreign reserves rose to 3,137.6 million US dollars at the end of December 2021, up from 1,588.4 million US dollars, while a part of the the gold reserves have been sold, data shows.
2022-01-07
EconomyNext
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CBSL allocates US$ 500 mn required for ISB maturing in January
The Central Bank of Sri Lanka (CBSL) has allocated the forex required for the US$ 500 million International Sovereign Bonds (ISB) that is maturing on January 18, Governor Ajith Nivard Cabraal announced.
2022-01-06
Daily News
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