Notable
Aswesuma a well-targeted system, but long-term success depends on how it can support individuals graduate from poverty
France is the fourth largest public creditor to Sri Lanka
The uncertainty over GSP+ is coming as Sri Lanka also faces the prospect of higher US tariffs.
“The current improvements to Aswesuma require enhancing its ability to target individuals in chronic poverty,”
Sri Lanka’s FX reserves fell by 7%, and is facing currency pressure
Joint statement by Sri Lanka and China issued
Rise in poverty in a country that experienced negative 8 percent growth, and bankruptcy is normal, Gunawardana said
Prime Minister Gunawardena is on a six-day official visit to China
Sri Lanka cenbank is building reserves after they fell to from less than $500 million in latter part of 2021
Many Sri Lankan political parties want to renegotiate the IMF deal amid public grumbling over higher taxes
Government has also taken steps to increase the number of tax files,
Pilot project seeks to move 16,000 Aswesuma beneficiaries out of poverty in three years, using ADB, WB and local funds
Sajith Premadasa, Anura Kumara Dissanayake, and S Sridharan have been invited to participate in deliberations on Monday
Review and reaching staff level agreement will pave way for accessing third tranche
The IMF has already disbursed two tranche of the EFF
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
The IMF has strictly placed some reforms including in state sector enterprises, fiscal and monetary sectors
NIC mandatory for those applying for the second phase of its Aswesuma program due to widespread welfare fraud.
The SOERU called for expressions of interest in October last year
Efforts to expand Sri Lanka's main airport has faced delays due to economic crisis
Speak now or forever hold your peace
IMF team in Sri Lanka, headed by Peter Breuer, met with the country's state finance minister and energy minister
Sri Lanka has been charging 30,000 rupees from foreigners for driving license under one-day service
The expected outcome is a stable financial system providing access to affordable finance for businesses
“We lose significant revenue because we don’t have ENCs" - Minister
Sri Lanka will go for both presidential and parliament election next year
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