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Ceylon Chamber welcomes staff-level agreement for third review of IMF program
27 Nov 2024 (11:47 AM) Deep depression to move closer to Sri Lanka s east coast, intensify into cyclonic storm
27 Nov 2024 (9:46 AM) Six flights diverted due to bad weather at BIA
26 Nov 2024 (11:22 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) ADB backs Sri Lanka s growing investment potential in key sectors
27 Nov 2024 (11:25 AM) CBSL introduces Overnight Policy Rate; further eases monetary policy stance
27 Nov 2024 (10:04 AM) |
The Ceylon Chamber of Commerce has welcomed the announcement of a staff-level agreement for the third review under the International Monetary Fund (IMF) Extended Fund Facility program for Sri Lanka. 
The Meteorology Department says the deep depression over the southwest Bay of Bengal was located to 190 km southeast of Trincomalee at around 11-30 p.m. of November 26, 2024. 
A total of six flights scheduled to land at the Bandaranaike International Airport (BIA) in Katunayake have been diverted to the Mattala Airport and the Thiruvananthapuram International Airport in India due to adverse weather conditions. 
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 Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the government s systematic financial reforms, the President s Media Division (PMD) said in a statement. 
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. Copyright © 2007 - 2024 Col3neg. All Rights Reserved.
