economy

The European Commission has suggested that the current GSP+ (Generalised Scheme of Preferences Plus) scheme be extended by 04 years, amidst the ongoing negotiations for the EU’s new GSP+ arrangement. Taking to Twitter, the Delegation of…

Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation’s representative on the International Monetary Fund executive…

The Sri Lankan government and World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances. In a statement, the World…

Staffers of the Bandaranaike International Airport (BIA) in Katunayake have reportedly launched a protest outside the premises of the airport, based on several demands. Accordingly, nearly 3,000 employees representing the Sri Lanka Inter…

World Bank Country Director for Maldives, Nepal and Sri Lanka Faris Hadad-Zervos has commended Sri Lanka’s efforts thus far with regards to finding solutions for the island’s economic crisis. Speaking at an event held in Colombo on…

Minister of Health Keheliya Rambukwella has appointed a 7-member experts’ committee in order to investigate into recent incidents of Anaphylaxis to drugs and their aftereffects in several healthcare institutions islandwide. The committee…

development banks, but said that any exploration of capital increases for the institutions can only be considered after implementing reforms aimed at expanding their role beyond poverty reduction to tackle global challenges such as climate…

Debt restructuring is making progress in countries outside of the G20 common framework, such as Sri Lanka, the International Monetary Fund (IMF) says. Addressing a press briefing on Thursday, the global lender’s Director of Strategic…

The bank accounts of six individuals, identified as members of the Board of Directors of ‘ONMAX DT’, a private firm believed to be a pyramid scheme, have been frozen, on orders of the Colombo Chief Magistrate’s Court. Accordingly, the…

President Ranil Wickremesinghe today (July 13) stressed the importance of financial discipline in nation-building and announced plans to promptly introduce formal measures to control public expenditure and generate new government revenue.…