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Sri Lanka plans to draft laws to ensure the government does not unilaterally pull out of commercial agreements with other countries, after the former administration scrapped a $2 billion light railway... -Today at 03:15 am- MarketScreener
COLOMBO (Reuters) -Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday. Weerasinghe said he would like to see private sector interest rates come down further and at a faster pace, adding that the domestic debt restructuring is the most important focus for the debt-laden country in the near-term. "Given the downward inflation trajectory we see room to further loosen policy rates."
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday....
Risks to inflation in Sri Lanka and real economic growth projections are skewed to the upside over the medium term, the central bank said in a monetary policy report on Monday. Overall,...
COLOMBO (Reuters) -Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to the crisis-hit country in nearly four years. Sri Lanka Foreign Minister Ali Sabry said his country was seeking Japanese investment in sectors such as power, infrastructure and dedicated investment zones, as well as in the green and digital economies. The South Asian island nation is working to restructure its massive debt to continue a $2.9 billion bailout from the International Monetary Fund, after ...