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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 debt advisors looking at local debt: President
Sri Lanka’s debt advisors are looking at local debt as a re-structuring plan to negotiate with creditors is being developed as part of efforts to make the debt sustainable, President Ranil Wickremesinghe said.
2022-08-05
Economy Next
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Norway provides Rs. 490 m to WFP, UNICEF and UNFPA in Sri Lanka
The Norwegian government is providing NOK 13 million (approx. Rs. 490 million) to the World Food Program (WFP), United Nations Children’s Fund (UNICEF) and the UN Population Fund (UNFPA) in Sri Lanka to address food, nutrition and prot...
2022-08-05
Daily FT
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World Bank says $ 160 m disbursed for SL to meet urgent essential items
The World Bank Group said last week it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka. To help alleviate severe shortages of essential items such as medicines, cooking gas, fertiliser, meals f...
2022-08-01
Daily FT
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No plans to offer financing to SL until adequate macroeconomic policy framework in place: WB
While claiming that it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka, the World Bank said that “until an adequate macroeconomic policy framework is in place, the World Bank does not pla...
2022-07-29
Daily Mirror
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