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Economic Policies in an Election Year: Some Inconvenient Arithmetic - Part I
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engagement and debt sustainability advising the Government of Sri Lanka.
Featured Insight
Economic Policies in an Election Year: Some Inconvenient Arithmetic - Part I
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engagement and debt sustainability advising the Government of Sri Lanka.
Featured Insight
Economic Policies in an Election Year: Some Inconvenient Arithmetic - Part I
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engagement and debt sustainability advising the Government of Sri Lanka.
Featured Insight
Economic Policies in an Election Year: Some Inconvenient Arithmetic - Part I
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engagement and debt sustainability advising the Government of Sri Lanka.
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Cabinet nod to increase national minimum wage to Rs. 17,500
The Cabinet of Ministers in Sri Lanka has approved a proposal to increase the national minimum wage by Rs. 5,000. As a result, the minimum wage will rise from Rs. 12,500 to Rs. 17,500. This decision comes following a recommendation from a te...
2024-03-27
Daily Mirror
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Sri Lanka central bank swaps top $3.2bn by December
Sri Lanka's central bank engaged in swap transactions borrowing US dollars, reaching over $3.2 billion by December 2024. This borrowing has significantly increased the central bank's net short position by nearly $1.28 billion within two years, highlighting a growing reliance on such finan...
2024-03-04
Economy Next
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Sri Lanka central bank officials to be summoned to party leaders meeting over steep pay hike
A Sri Lankan parliamentary committee has called central bank officials to a meeting with party leaders due to controversy over significant salary increases they awarded themselves. This action follows criticism from legislators who are concerned about the central bank's financial management s...
2024-03-03
Economy Next
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Sri Lanka offers fresh debt plan to bondholders amid Hamilton case extension hopes
Sri Lanka has proposed a revised restructuring plan to its sovereign bondholders as it aims to finalize debt restructuring by mid-year, amidst a lawsuit from holdout investor Hamilton Reserve seeking bond payment enforcement. The U.S. court granted a six-month stay on the case, with the deadline...
2024-02-22
Economy Next
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CEB to reduce electricity tariff rates by 18 percent?
The Ceylon Electricity Board (CEB) plans to reduce electricity tariffs by 18 percent, attributing the possibility of this reduction mainly to the increased contribution of hydropower to Sri Lanka's energy mix, thanks to recent sufficient rainfall that enhanced the power generation capacity of...
2024-02-21
Daily Mirror
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