Businesscafe - On March 20th 2023, the International Monetary Fund’s (IMF) Executive Board approved a four-year Extended Fund Facility (EFF) arrangement for Sri Lanka amounting to USD 2.9 billion. ...
Businesscafe - The Sri Lanka Banks Association (Guarantee) Ltd (SLBA) is relieved to note that the apex regulator of the banking industry, the Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with the diverse stakeholders will be that, the banking sector...
Businesscafe - As the Sri Lankan economy continues to grapple with the effects of the recent economic crisis and the slow pace of recovery, the country's real estate market is also struggling to cope, particularly since the upcoming housing crunch in Colombo is now starting to raise concerns for both developers and prospective homeowners alike. ...
Businesscafe - The Joint Apparel Association Forum (JAAF) welcomes the progress made by the Sri Lankan authorities in securing financing assurances from China, India and the Paris Club creditors, paving the way for the IMF (International Monetary Fund) to consider approval of the long-awaited USD 2.9 billion bailout package. ...
Businesscafe - On the heels of the interim budget speech and a Staff Level agreement on an Extended Fund Facility with the IMF, the Ceylon Chamber of Commerce hosted a virtual session on the 01st of September 2022 to discuss, ‘How can Sri Lanka compete for investment amidst turbulence times: Economic growth vs Fiscal consolidation’. ...