Proposed 20th Amendment approved by Central Provincial Council

Mayantha decides to resign as Chairman of Committee on Public Finance

Samagi Jana Balawegaya (SJB) MP Mayantha Dissanayake has decided to resign as the Chairperson of the Committee on Public Finance. Dissanayake said that he will be submitting his resignation letter to Speaker Mahinda Yapa Abeywardena. He was appointed to the post last week despite the SJB wanting the post to be given to Dr. Harsha de Silva. Dr. Harsha de Silva told Parliament that his party had wanted him to be appointed to the post. However, he said the Government MPs in the committee picked

27 Feb, 2023

IFC to provide $400 million to banks in Sri Lanka

The International Finance Corporation (IFC) is to provide $400 million to three of Sri Lanka?s leading national banks to help facilitate imports of essential goods. IFC said it will support the private sector with critical financing, contributing to the country?s urgent need to stabilize the economy. Sri Lanka has been facing its worst economic crisis in decades. The country?s output is estimated to have fallen by 9.2 percent in 2022 and drop a further 4.2 percent in 2023. To support the coun

27 Feb, 2023

G20 meeting: India to showcase its success in the digital economy

India, G20 president, will showcase its success in the digital economy and may offer conditional help to other countries to further advance their own digital economy and payments infrastructure, Business Standard has learnt. The host may also hold advanced discussions with G20 partners and multilateral institutions on reducing the sovereign indebtedness of poorer nations in order to avoid the kind of economic fallout seen in Sri Lanka, it is learnt. This and other agenda items will be part of

26 Feb, 2023