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Ceylon Chamber welcomes staff-level agreement for third review of IMF program
27 Nov 2024 (11:47 AM) Sri Lanka s Central Bank implements a single policy rate mechanism
26 Nov 2024 (11:38 PM) Red landslide early warning issued for areas in 3 districts
27 Nov 2024 (12:11 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) Eight including 6 children missing after tractor swept away by floods
26 Nov 2024 (10:54 PM) |
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 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). 
The National Building Research Organisation (NBRO) has issued a Level 3 (Red) Landslide Early Warning for several divisional secretariat divisions (DSDs) in Kandy, Matale and Nuwara-Eliya districts urging the residents of these areas to evacuate to safer locations. 
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. 
(UPDATED) At least eight persons including 06 children are reported missing while two children have been rescued after the tractor they were travelling on was caught in flood waters in Karaitivu in Ampara District this evening (26). Copyright © 2007 - 2024 Col3neg. All Rights Reserved.
