Category: Economy

A visiting team of US lawmakers say aid needs to vary in form and be spread over time to support long term relief efforts in tsunami affected nations.A visiting team of US lawmakers say aid needs to vary in form and be spread over time to support long term relief efforts in tsunami affected nations. […]

Top officials from the main international donor agencies will meet with LTTE top brass on Thursday to discuss tsunami damages. Top officials from the main international donor agencies will meet with LTTE top brass on Thursday to discuss tsunami damages. “The country directors of the Asian Development Bank (ADB), World Bank and senior officers of […]

Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]

Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]

The U.S. government will not back European-led calls for a suspension of debt repayments by tsunami- stricken countries until it determines whether that’s in the best interests of the nations involved, a U.S. Treasury spokesman said. The U.S. government will not back European-led calls for a suspension of debt repayments by tsunami- stricken countries until […]

The Ceylon Chamber of Commerce is lobbying the Treasury to be included in a list of agencies allowed to bring in duty free relief shipments to help tsunami victims.The Ceylon Chamber of Commerce is lobbying the Treasury to be included in a list of agencies allowed to bring in duty free relief shipments to help […]

The US contribution to rehabilitating tsunami wrecked Sri Lanka comes to US$ 25 mn already, says outgoing US Secretary of State, Colin L.Powell. The US contribution to rehabilitating tsunami wrecked Sri Lanka comes to US$ 25 mn already, says outgoing US Secretary of State, Colin L. Powell. “The total US contribution so far is US$ […]

Government revenue is not expected to take too much of a hit as donors pledge over US$ 1 bn in foreign aid to re-build tsunami stricken areas along the coast.Government revenue is not expected to take too much of a hit as donors pledge over US$ 1 bn in foreign aid to re-build tsunami stricken […]

The Asian Development Bank (ADB) pledges US 0 mn to Indonesia, Maldives, and Sri Lanka at the Jakarta donor conference on Thursday.The ADB said it will provide up to US $500 mn to Indonesia, Maldives, and Sri Lanka in the form of grants and highly concessional funds to rebuild after Decembers tsunamis. In addition, more […]

As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies.As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies. The Tamil Rehabilitation Organisation (TRO) – a registered […]

The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent this year, though the impact over the medium term will not be significant, says Fitch Ratings Lanka. The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent […]

Sri Lanka was facing a foreign exchange crisis when tsunamis caused massive loss of life, but analysts say spontaneous international aid may have saved the country from a bigger economic calamity. Sri Lanka was facing a foreign exchange crisis when tsunamis caused massive loss of life, but analysts say spontaneous international aid may have saved […]