Ajith Nivard Cabraal Archives

IMF stance on $ 1.5 b China swap surprising: Cabraal Source:FT IMF confirms Govt. sought emergency pandemic support in 2020 But State Minister says Govt. managed fine without IMF assistance Reiterates SL can maintain sound macroeconomic framework sans multilateral lender Consensus on funding failed given ‘daunting economic challenges and high debt’, says IMF Cabraal finds IMF closely monitoring SL situation ‘surprising’ Harsha calls out Govt. for seeking assistance without acknowledging it publicly State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal yesterday said he found the International Monetary Fund’s (IMF) reaction to Sri Lanka getting a $ 1.5 billion swap from China “surprising”, and reiterated the Government could maintain a sound macroeconomic framework without support from the multilateral lender. State Minister Cabraal took to twitter to respond to comments made by IMF Communications Department Director Gerry Rice during a press briefing on Thursday where he said ...

State Minister Ajith Nivard Cabraal to deliver keynote at CA Sri Lanka’s Budget Webinar next week Source:island The Annual Budget Seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held on November 19 from 9.00 am to 12.30 pm with a host of eminent speakers and panelists who will share their insights on the government’s national Budget for the year 2021. For the first time in the event’s history, the budget seminar will be held on a virtual (online) platform due to the ongoing COVID-19 pandemic in the country. State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal will deliver the keynote speech on “Thinking Behind the Budget Proposals.” ...