Anusha Ondaatjie

1 month ago | news.bloombergtax.com | Anusha Ondaatjie

Sri Lanka’s central bank unexpectedly cut its benchmark rate for the first time in six months, renewing its monetary policy easing cycle to bolster economic recovery. The Central Bank of Sri Lanka cut the overnight policy rate by 25 basis points to 7.75% on Thursday. None of the economists in a Bloomberg survey had predicted the move.

1 month ago | bloomberg.com | Anusha Ondaatjie

A worker pulls a cart with bags of rice, flour, and garlic in Colombo, Sri Lanka, on Tuesday, Nov. 28, 2023. Sri Lanka is scheduled to release consumer price index (CPI) figures on Nov. 30. Photographer: Thilina Kaluthotage/Bloomberg(Bloomberg) -- Sri Lanka’s central bank unexpectedly cut its benchmark rate for the first time in six months, renewing its monetary policy easing cycle to bolster economic recovery.

1 month ago | bloomberg.com | Anusha Ondaatjie |Asantha Sirimanne

Anura Kumara Dissanayake(Bloomberg) -- Sri Lankan President Anura Kumara Dissanayake swept to power last year with an unprecedented super-majority government. Now, he arguably faces an even more crucial election. The island nation, which officially emerged from bankruptcy in 2024, votes on Tuesday for 339 municipal and rural council leaders — a test of the president’s popularity some eight months after his election win.

2 months ago | news.bloomberglaw.com | Malavika Kaur Makol |Anusha Ondaatjie

The International Monetary Fund reached a staff level agreement with Sri Lanka, paving the way toward unlocking the next tranche of funds under an existing $3 billion loan program. The conclusion of the fourth review will give the nation access to about $344 million after approval from the IMF’s executive board, the Washington-based lender said in a statement on Friday.

2 months ago | financialpost.com | Malavika Kaur Makol |Anusha Ondaatjie

Advertisement 1The International Monetary Fund reached a staff level agreement with Sri Lanka, paving the way toward unlocking the next tranche of funds under an existing $3 billion loan program. Article content(Bloomberg) — The International Monetary Fund reached a staff level agreement with Sri Lanka, paving the way toward unlocking the next tranche of funds under an existing $3 billion loan program. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.