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Sri Lanka s Central Bank implements a single policy rate mechanism
26 Nov 2024 (11:38 PM) IMF chief commends Sri Lanka s economic reform program, says collective effort key to success of debt restructuring
27 Nov 2024 (10:01 AM) Local Consortium of Sri Lanka commits support for govt s ISB restructuring
26 Nov 2024 (7:54 PM) CBSL introduces Overnight Policy Rate; further eases monetary policy stance
27 Nov 2024 (10:04 AM) Sri Lanka s new President needs to address longstanding abuses, impunity - Human Rights Watch
26 Nov 2024 (7:27 PM) Over 77,000 people affected by adverse weather in Sri Lanka
26 Nov 2024 (10:52 PM) |
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to implement a single policy interest rate mechanism, the Overnight Policy Rate (OPR), transitioning from its dual policy interest rate mechanism with effect from today (27 November). 
IMF Managing Director Kristalina Georgieva says the continued support from international financial institutions and other official creditors, together with the participation of bondholders in a debt exchange consistent with debt sustainability, is necessary to underpin the success of Sri Lanka s economic reform efforts. 
The Local Consortium of Sri Lanka (LCSL), comprised of domestic commercial banks and financial institutions, has committed its full support for the Exchange Offer and Consent Solicitation launched today by the Government of Sri Lanka to restructure the US$12.55bn in outstanding International Sovereign Bonds (ISBs).. 
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to further ease the monetary policy stance and set the newly introduced Overnight Policy Rate (OPR) at 8.00 per cent. 
Sri Lanka s new president, Anura Kumara Dissanayake, should address the country s many human rights problems by fulfilling and building upon pledges he made in recent election campaigns, Human Rights Watch has said in a letter to the president. 
The Disaster Management Centre (DMC) says that the prevailing inclement weather conditions in the country have so far affected 77,670 persons from 22,532 families across 15 districts. Copyright © 2007 - 2024 Col3neg. All Rights Reserved.
