The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability, Human Rights Watch (HRW) said on Wednesday (29)
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Sri Lanka may find itself drowning in the dead weight of external debt if the process of achieving debt sustainability is predicated on integrating back into the global economy through more loans and hypothetical opportunities in the…
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Sri Lanka’s bondholders have written to the International Monetary Fund (IMF) expressing their willingness to engage in debt re-structuring talks but also raising matters related to the domestic debt re-structuring and economic assumptions…
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The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told…
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As Sri Lanka enters its 17th IMF program, it's time to ask for a different solution to the country's problems
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Sri Lanka will slash its army by a third to 135,000 personnel by next year and to 100,000 by 2030, the state minister of defence said on Friday (13), as the country tries to cut costs in the face of its worst economic crisis in more than…
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Sri Lanka’s taxes taken home by state workers and pensioners fell to 65 cents of every rupee collected up to September 2022 from 86 cents with more revenues being extracted from the public through high inflation and hikes in rates, official…
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Lacking resources to buy even essentials like fuel, Sri Lanka's economy is falling into an ever-deepening abyss. The poverty rate has doubled in one year; output has cratered and inflation soared
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Millions of Sri Lankan individuals and corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state, amid 65% inflation and turnover tax hikes already depleting disposable…
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Sri Lanka’s fiscal situation has been facing turmoil since the global financial crisis of 2008 as well as the 26-year-long civil war that ended in 2009, draining the country of valuable resources over the years
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