report in The Island, June 11, 2023Sri Lanka’s poor has surged by 4 million to 7 million since 2019 to 31 percent of the population in 2023, a survey has found as the country was hit by the worst currency crisis in the history of its central bank. A 10,000 person survey by LirneAsia, a regional policy research organization, found that 33 percent of the respondents had skipped a meal and 47 percent reduced their…
Posts tagged as “central bank”
report in The Island online, Apr 13, 2023Frontline Socialist Party says that they had been warning that the Central Bank is the most vulnerable institution under a government headed by Ranil Wickremesinghe since he assumed duties as the President. Party’s Propaganda Secretary Duminda Nagamuwa said that his party had warned that the Central Bank was losing its security and safety under incumbent government. “There is news that a sum of five million rupees has gone…
Report in The Island, Dec 10, 2022The IMF could finalise Sri Lanka’s financing package within three weeks of the country’s main bilateral creditors formally informing the IMF that they would help Sri Lanka restructure its debt, Governor of the Central Bank, Dr. Nandalal Weerasinghe, said on Thursday appearing on a TV programme. Dr. Weerasinghe said that Sri Lanka had already provided adequate information to the country’s main bilateral creditors and they were in a position…