Page 16 - Uditha Jayasinghe News Today

COLOMBO (Reuters) -Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March. The island nation of 22 million is emerging out of its worst economic crisis in seven decades and its economy is expected to shrink 2% this year before returning to growth next year, following last year's record contraction of 7....

Sri Lanka has scrapped plans to export 100,000 endangered toque macaque monkeys to China, the Wildlife and Nature Protection Society of Sri Lanka, one of the 30 petitioners who went to court against the proposal, said on Monday.

COLOMBO (Reuters) - Sri Lanka anticipates restructuring $17 billion out of a total $41.5 billion of foreign debts within a five-year term, its ...

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South

Sri Lanka will announce a reworking of its domestic debt later this week to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by a financial crisis.

COLOMBO, June 25 (Reuters) - Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P. Nandalal Weerasinghe said on Sunday, as the island navigates its worst financial crisis in decades. ...

Sri Lanka's National Consumer Price Index (NCPI) inflation eased to 22.1% year-on-year in May after a 33.6% rise in April, the statistics department said on Wednesday.

Exclusive-World Bank set to approve $700 million for Sri Lanka next week -sources

The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected to shrink 2% this year before returning to growth next year, the government estimates, following last year's record contraction of 7.8% after foreign exchange reserves hit record lo...

COLOMBO, June 19 (Reuters) - The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the cris...