Finance

Financial Stability Fund Approved to Strengthen Sri Lanka’s Bank Resolution Framework

  • September 11, 2024

The Cabinet of Ministers has approved the establishment of a Financial Stability Fund aimed at strengthening Sri Lanka’s bank resolution framework as part of the Central Bank of Sri Lanka’s (CBSL) financial crisis management program. The initiative will begin with an initial allocation of Rs. 1 billion from the Ministry of Finance, Economic Stabilisation, and

Read More
Economics

Sri Lanka to Implement Cost-Based Water Pricing Formula in 2025

  • July 17, 2024

Sri Lanka’s cabinet of ministers has approved a cost-based pricing formula for the state-run National Water Supply and Drainage Board, according to Minister Bandula Gunawardana. Minister Gunawardana announced on Tuesday that the new pricing formula will be implemented starting next year. This pricing reform is part of the conditions tied to a $100 million budget

Read More