Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to.
Economics
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.
- September 5, 2024
Economics
Maldives to Dollarize Tax Revenues and Pensions Amid Forex Shortages
The Maldives’ cabinet of ministers has approved a plan to dollarize a portion of the country’s government revenues, including income tax, customs duties,.
- September 4, 2024
Economics
Maldives Banking System Faces Excess Liquidity Crisis with 6.7 Billion Rufiyaa Amid Forex Shortages
A recent report highlights that the Maldives banking system is grappling with 6.7 billion rufiyaa in excess liquidity, a legacy of money printing.
- September 2, 2024
Economics
Fitch Downgrades Maldives Credit Rating to ‘CC’ Amid Falling Reserves and Rising Debt
Fitch Ratings has downgraded the Maldives’ credit rating from CCC+ to CC, citing a decline in foreign reserves and the upcoming repayment of.
- September 2, 2024
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.
- August 26, 2024
Economics
National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation
National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This.
- August 22, 2024
Economics
Sri Lanka Expected to Breach Inflation Target Until Q1 2025: Central Bank
Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks.
- August 16, 2024
Economics
Sri Lanka’s Forex Reserves Slightly Decline to $5.649 Bn in July
Sri Lanka’s foreign exchange reserves experienced a marginal decline, reaching $5.649 billion in July 2024, down from $5.654 billion in June, according to.
- August 8, 2024
Economics
Central Bank Cuts Key Rates by 25bps to Stimulate Growth
The Central Bank has reduced its key policy rates by 25 basis points, bringing the Standing Lending and Deposit Facility rates to 9.25%.
- July 26, 2024