Day: January 13, 2018

Indo-Lanka accord is a sound framework, say experts

The Indo-Sri Lankan agreement drafted in 1987 is a sound framework that can be improved upon, say politicians and those who were involved closely with the political developments then.

IMF says economy normalising but reforms essential

The International Monetary Fund (IMF) envisages Sri Lanka’s economy normalising in 2018 with the real GDP growth projected to reach about 4.6% over the medium term; however, the global lender called on the Government to continue its reform process centered on fiscal consolidation to maintain stabilisation momentum.

Sri Lanka Central bank suspends four officers over alleged bond irregularities

Sri Lanka’s central bank said it has suspended four officers and taken disciplinary action against several others following alleged irregularities in a 2015 government bond auction.