Kaleidoscope with Savithri Rodrigo 195 01 02 2024 Saying hello from the Galle Lit Fest this week, we’re delving into TV’s newest phenomenon, witnessing a seismic shift in fabric dyeing technology and catching The Cube. Plus – the IMF chimes in, rats take selfies, icons take to the sea, economic tidbits and much more on the show. ...
Kaleidoscope with Savithri Rodrigo 167 20 07 23 It’s proving to be a packed programme! Welcome to Kaleidoscope today. The dog days may have just begun! Also it’s about Riverston while we dive into Sri Lanka’s standing with the IMF & the world of imported fish, give a child a meal, check out the world’s best buildings, repurpose old things, take a flying race, become a transformer, take a leaf from France & check the market sketch. Have the best weekend ahead Savithri ...
Sri Lanka’s Recovery – By Dr Tilak S Fernando Sri Lanka was in a severe economic catastrophe before the IMF came to a rescue with $2.5 billion. President endeavoured to clear the fuel station queues and people lining up at gas stations for petrol & kerosine. Unfortunately, the opposition parties did not assist the Ranil Wickremasinghe Government. However, credit should go to President Ranil Wickremasinghe for evading a complete collapse of the economy. IMF loan is not a happy occasion to celebrate with a “kiri bath” (a traditional Sri Lankan dish made from rice and Coconut) and crackers. At least, Sri Lankans should treat this as a life-saving move for the country as it serves as a breathing space for Sri Lanka. Bankruptcy Sri Lanka failed to pay the overseas commitments in April 2023, and the nation was declared bankrupt. This was significantly due to reduced expatriate income from $437 million ...
Sri Lanka’s Recovery – By Tilak S Fernando Sri Lanka was in a severe economic catastrophe before the IMF came to a rescue with $2.5 billion in four stages. Unfortunately, the opposition parties did not assist the Ranil Wickremasinghe government. The President endeavoured to clear the fuel station queues and people lining up at gas stations for petrol & kerosine. However, credit should go to President Ranil Wickremasinghe for evading a complete collapse of the economy. IMF loan is not a happy occasion to celebrate with a “kiri bath” and crackers. At least, Sri Lankans should treat this as a life-saving move for the country as it serves as a breathing space for Sri Lanka. Bankruptcy. Sri Lanka failed to pay the overseas commitments in April 2023, and the nation was declared bankrupt. This was significantly due to expatriate income, the reduction from $437 million to $ 259 in the ...
Will the elation be short lived ? – By Aubrey Joachim There was dancing and jubilation in the streets. Firecrackers were lit in the suburbs. It was reminiscent of 1996 – when Sri Lanka’s national cricket team won the World Cup. Actually it was March 20th 2023 the day the ‘lender of last resort’, the International Monetary Fund – IMF – finally approved its life-line to the country a year after it defaulted on its loans and bonds. The 3 Billion Dollar loan is merely a trickle of what is needed and will just about keep the patient alive on life support. It is being drip fed in 9 tranches over 4 years, subject to strict conditions that the IMF will closely audit and scrutinise every 6 months. This is the 17th time that Sri Lanka has obtained an IMF rescue package – most of the previous have been aborted. ...
Sri Lanka participated in COP. 27 & current news. – By Dr Harold Gunatillake Website: www.Doctorharold.com SL successfully concludes the second round of talks with creditors: President Ranil Wickremasinghe meets UN Secretary-General President Ranil delivered a direct speech at the sessions. COP27: Sri Lanka proposes the world’s first International Climate Change University ‘Democracy Gold Award’ was awarded to Mr R. Sambandhan Former opposition leader and Member of Parliament Mr R Sambandhan received the ‘Democracy Gold Award’, given only once in a lifetime to a senior political figure who dedicates himself to securing democracy. Thieves broke into the official residence of the Thai ambassador Looming food shortage and farmers’ woes Sri Lankan people in need of emergency aid has doubled – UN COLOMBO (News 1st) – State Minister of Finance Shehan Semasinghe said Sri Lanka’s second round of discussions with creditors concluded successfully. The State Minister added that Sri Lanka has ...
Accountability of Parliamentarians – By Dr Tilak S. Fernando –Daily News-Tuesday, September 13, 202 The world is keeping an eye on the worsening political, economic and widespread suffering of Sri Lankans. Citizens of this country hope to find answers to overcome the high Cost of Living and to have adequate fuel and medical supplies to bring the situation under control. People, once again, experience difficulty with the ‘QR system’ to obtain fuel from petrol stations. It is no surprise to hear from the public that all 225 Parliamentarians should go home, and the Parliament should have young and energetic members. It sounds sensible because they have ruined the country for the last 74 years. Today, the Cost of Living is skyrocketing, and people find it very difficult to manage their day-to-day affairs. The President is calling on all parties to unite and rebuild the economy. Still, some political parties are ...
IMF outcome for Sri Lanka – : An amount of US$2.9 Billion EFF (Extended fund facility) has been CONDITIONALLY approved over a 48 month period ...
The Sri Lanka vibe is changing – By Dr Harold Gunatillake The Economist-An interview with the president of Sri Lanka Concretely though, there’s more fuel in the country, the QR code system seems to be a big success, and the fuel queues have vanished. There are more cars and auto rickshaws on the street. What steps have been taken in the past three weeks to have changed the mood of the country? Soup kitchens in crisis-hit Sri Lanka are feeding the poor. People stand in a queue to receive food at a community kitchen in Colombo The Economist interviewed the president of Sri Lanka in Colombo on August 14th. The country was obviously in crisis last time they were in Sri Lanka. They said,” We got in last night, and the vibe has changed tremendously. It’s visible on the street, on the way in from the airport. What has happened ...
‘Whether we like it or not, we have to deal with the IMF’ | Mr. Ranil Wickremesinghe | #ReformNow ...
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