Development and Economic News
Former IMF director stresses the need of communicating IMF reforms
The Government has been urged to effectively communicate the reforms intended to address via the International Monetary Fund (IMF) Extended Fund Facility for the broader population without limiting it to the English-speaking elite crowd in Colombo.
United States support Sri Lanka’s economic recovery
The United States is supporting Sri Lanka’s economic recovery, the US Ambassador to Sri Lanka, Julie Chung said.
ADB spells out five key areas to succeed Extended Fund Facility
The Asian Development Bank (ADB) Deputy Country Director Utsav Kumar this week outlined five areas Sri Lanka must focus on to succeed in the US$3 billion Extended Fund Facility (EFF) extended by the IMF, adding the country has a long road to recovery.
European Union launches a socio-economic recovery project
The European Union together with its implementing partner World Vision has launched a socio-economic recovery project in Sri Lanka.
European Union launches a socio-economic recovery project
The European Union together with its implementing partner World Vision has launched a socio-economic recovery project in Sri Lanka.
Three foreign oil companies to commence operations in Sri Lanka soon
Power & Energy Minister Kanchana Wijesekera says the Cabinet-approved three foreign oil companies are expected to commence their fuel distribution operations in Sri Lanka during the next two months.
World Bank prepares a new Sri Lanka Country Partnership Framework
World Bank has affirmed its continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery.
SL Telecommunication Value added services record a moderate growth
Value added services of the telecommunication sub-sector recorded a moderate growth of 8.3percent in the first half of 2022 amidst an increase in foreign currency related cost components in this industry.
Three million Jackfruit tree plantation program gets underway for food security
The first phase of the program to plant three million jackfruit trees across the country, under the theme ‘Guwan Hamuda Herali Perali’, was launched today at the Anuradhapura Air Force Base under the patronage of President Ranil Wickremesinghe.
One of the IMF directives of reducing SOEs’ role in the economy gets underway
The Sri Lanka government has embarked on an ambitious initiative of commercializing seven State owned Enterprises (SOES) out of 52 entities kick starting restructuring process of these enterprises fulfilling commitment given to the International Monetary Fund (IMF), official sources disclosed