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Sri Lanka’s IMF loan 2nd tranche ‘in a spot of bother’



Finance Minister Ravi Karunanayake said in Colombo Tuesday that the IMF has a few small difficulties with the second tranche of its loan to Sri Lanka.

In June 2016, the IMF approved a three-year, $1.5 billion loan for Sri Lanka under the Extended Fund Facility (EFF) to support the country's economic reform agenda.

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Small retail counters ring at CSE

The Colombo Stock Exchange (CSE) was dominated by small retail counters and high net worth investors yesterday, which was a good trend as most of the time in the recent past, crossings or bulk purchasing dominated the market....

EU blocks Deutsche Boerse’s takeover of London Stock Exchange

European Union regulators dealt a final blow to Deutsche Boerse AG’s planned takeover of London Stock Exchange Group Plc, a symbolic block on EU-U.K. integration on the same day Britain formally serves notice of its decisio...

JICA joins IFC, others to support Bangladesh address electricity generation needs

IFC, a member of the World Bank Group, has brought in Japanese agency JICA to invest $30 million in Sembcorp North-West Power Company Ltd., a joint venture of Sembcorp Utilities and Bangladesh's state-owned North-West Power Gene...

Forum focuses on bridging the power gap

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The Sri Lanka Economic Association,’s ( SLEA), seminar on ‘Emerging Challenges in the Power Sector In Sri Lanka’ conducted last week pointed to growing power demands, and emerging solutions to bridge the growing ...

‘Connected Women’ initiative gets underway to bridge gender gaps in Internet usage

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Sri Lanka’s premier connectivity provider, Dialog Axiata, has launched an island wide program to reduce the gender gap in mobile and internet use in the country. Lack of awareness, concerns over safety and social stigmas ha...

Lankan business delegation visits Moscow

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A 25 member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan embassy in the Russian Federation visited Moscow last week.

 
 
 
 
 
 
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