Category: Policy
Central Bank raises Policy Interest Rates by 100 basis points to finalize IMF-EFF arrangement
The Monetary Board of the Central Bank has decided to raise the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Bank by 100 basis points to 15.50 per cent and 16.50 per cent, respectively, effective from the close of business on 03 March 2023. buy celexa online https://www.northwestmed.net/wp-content/uploads/2022/08/png/celexa.html no […]
World Bank VP concludes visit to SL, Reaffirms support to protect people
World Bank Vice President for South Asia, Martin Raiser, recently concluded his four-day visit to Sri Lanka, reaffirming the World Bank’s continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery. Raiser met with Sri Lanka’s President and Minister of Finance H.E. Ranil […]
Increase PAYE tax threshold from Rs 100,000 to 200,000: Eran
SJB alleges that it is a serious problem that the people have to take to the streets, as they have been burdened with heavy taxes while the working people have lost their income. As a result, the food insecurity, increased mal-nutrition and prevention of diseases have become a big problem for the people, said Eran […]
‘s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure remained subdued in January 2023, compared to year earlier. • Workers’ remittances and earnings from tourism continued to increase in January 2023. • Gross official reserves strengthened at end January 2023, […]
CCPI based headline inflation eases in February 2023: Food inflation down to 54.4-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 50.6% in February 2023 from 51.7% in January 2023. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in January 2023. The […]
Sri Lanka’s crisis offers an opportunity to reset its development model
By Martin Raiser, Vice President for the South Asia Region, World Bank Group Sri Lanka is at a critical moment in its history. Years of economic mismanagement, weak governance, poor policy choices, and the impacts of external shocks such as the COVID-19 pandemic and the Russian invasion of Ukraine, plunged the country into its worst-ever crisis in […]
Govt expects investment to flow but country risk remain unresolved: Eran
We are talking on two Regulations under the Port City Really to get this country out of the current economic mess we know we have a debt crisis and looking for more debt but not forthcoming due to the fault of governance without implementing rule of law said Eran Wickramaratne speaking in the parliamentary debate […]
RIU to host webinar on achieving debt sustainability and safeguarding social wellbeing
The Research Intelligence Unit (RIUNIT) is hosting the webinar entitled ‘lessons from Sri Lanka’s sovereign debt crisis’ on 22 February 2023, which aims to draw international lessons from the current economic crises. An extremely high powered panel includes Ali Sabry, Attorney-at-law and the current Minister of Foreign Affairs, Sri Lanka; Yanis Varoufakis, former Minister of Finance, […]
High Commissioner Moragoda meets Finance Minister of India ahead of G20 meeting
High Commissioner of Sri Lanka to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt. Nirmala Sitharaman on 14 February 2023 at the Ministry of Finance in New Delhi, as the latest of a series of meetings he has had with her since November 2021. The meeting between the Finance […]
On the 75th, Independence, time to re-plug to the world economy
Advocata Institute As Sri Lanka is inaugurating its political independence of 75 years on February 4th, the burning issue the public is struggling to grapple with, in the recent past, is the worst economic slump. Many factors have contributed to the current economic crisis but protectionism and trade barriers are main elements that have further […]
Central Bank maintains tight monetary policy stance to rein in inflationary pressures
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively. The Board, having noted the recent and expected developments and projections on the domestic and global […]
‘s Central Bank maintains policy interest rates at their current levels
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively, after considering the recent and expected developments in the domestic and global economy and macroeconomic projections. […]