Asserting that the International Monetary Fund (IMF) remains a steadfast partner in supporting Sri Lanka and its people, Director for Asia Pacific Department Krishna Srinivasan said today that the IMF team will continue its close engagement with Sri Lanka’s economic team to set a date for the third review of the IMF-supported programme. Issuing a […]
Read MoreCash-strapped Sri Lanka’s economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 percent. Census and Statistics Department data showed price drops in both food and non-food goods contributing to deflation in September, compared to inflation of 0.5 percent in […]
Read MoreA high-level delegation from the International Monetary Fund (IMF) that arrived in Sri Lanka today held discussions with the economic team of the new government where they reviewed the IMF programme thus far, the President’s Media Division (PMD) said. The PMD said the IMF delegation arrived in Sri Lanka to engage with the newly formed […]
Read MoreSri Lanka’s new government, led by President Anura Kumara Dissanayake, plans to engage in detailed discussions on potential changes to the International Monetary Fund (IMF) programme later this month following a review. Cabinet Spokesman Vijitha Herath announced at the government’s first Cabinet media briefing that a local delegation would travel to the IMF headquarters in […]
Read MoreThe overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -0.5% in September 2024, compared to 0.5% in August 2024, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to -0.3% in September 2024 compared to […]
Read MoreNational People’s Power (NPP) leader and Marxist politician Anura Kumara Dishanayake has won the second round of Sri Lanka’s presidential election for the first time in history. He has been elected as the new president after defeating the country’s incumbent president, Ranil Wickremesinghe. On Sunday (December 22), news agency Reuters reported this information in a […]
Read MoreAfter more than two years, the presidential election was held in Sri Lanka, which has collapsed economically. The country’s left-wing politician Anudha Kumara Dishanayake (55) has won this election in the expectation of the people. However, there are still many crises in the country, which has overcome inflation. On Monday, the newly elected Sri Lankan […]
Read MoreLeft-wing politician Anura Kumar Dissanayake has won Sri Lanka’s presidential election. He achieved this victory by creating history after the second round count on Sunday evening. Because, this was the first time in the history of Sri Lanka that the election was counted in the second round. Earlier, no candidate secured more than 50 percent […]
Read MoreCash-strapped Sri Lanka voted for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation’s unprecedented financial crisis. Turnout was at nearly 70% an hour before polling stations closed at 4:00pm (1030 GMT), an election commission official said, citing provisional figures. The record for […]
Read MoreVoting for Sri Lanka’s presidential election has begun. Voting started today at 7 am. It will end at 4 pm. After this the counting of votes will start. The official results will be available on Sunday morning. In 2019, the then President of Sri Lanka, Gotabaya Rajapakse, introduced the tax reduction policy. Also, the remittance […]
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