Economics

Fitch Upgrades Sri Lanka to ‘CCC+’, Reflecting Debt Restructuring Progress and Economic Recovery

Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.

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Economics

British High Commissioner Commends Sri Lanka’s Economic Stabilisation Efforts

The British High Commissioner to Sri Lanka, Andrew Patrick, commended the Sri Lankan Government for its significant progress in economic stabilisation achieved within.

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Economics

Sri Lanka’s Forex Inflows Exceed Imports by $757 Million in August 2024

Sri Lanka’s gross foreign exchange inflows exceeded imports by $757 million in August 2024, according to data released by the Central Bank of.

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Economics

IMF Meets Sri Lanka’s New Economic Team for Future Collaboration

Sri Lanka’s newly elected President Anura Dissanayake’s economic team held its first meeting with an International Monetary Fund (IMF) delegation. The discussions, which.

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Economics

IMF Team to Visit Sri Lanka This Week for Key Discussions with President Dissanayake

A delegation from the International Monetary Fund (IMF) is set to visit Sri Lanka this week to meet with President Anura Kumara Dissanayake,.

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Economics

World Bank Pledges Continued Support to Sri Lanka Under President Anura Dissanayake

The World Bank Group has reaffirmed its commitment to support Sri Lanka in a letter addressed to the newly elected President, Anura Dissanayake..

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Policy and Regulation

CCC Highlights 10 Economic Priorities for President Dissanayake’s First 6 Months

The Ceylon Chamber of Commerce (CCC) has congratulated newly elected President Anura Kumara Dissanayake and pledged its commitment to collaborate with stakeholders on.

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Politics

Sri Lanka’s Economy Will Not Collapse Under NPP, Assures Anura Kumara Dissanayake

Sri Lanka’s economy will remain stable under the National People’s Power (NPP) administration, according to party leader Anura Kumara Dissanayake. Addressing the business.

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Finance

Central Bank Governor Briefs Parliament on Economic Stabilisation Efforts

In a special session held on Tuesday, Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL), provided a comprehensive briefing.

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Economics

Sri Lanka’s Budget Deficit Plummets by 52% in First Half of 2024 as Tax Revenues Surge

Sri Lanka’s budget deficit saw a significant reduction of 52% in the first half of 2024, dropping to 515.7 billion rupees. During the.

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