Sri Lanka
Y V Reddy: International Financial Standards
SPEECH - Public lecture by Dr Y V Reddy, Deputy Governor of the Reserve Bank of India, at the Centre for Banking Studies of the Central Bank of Sri Lanka, Colombo, 28 June.
Sri Lanka modernises central bank with support
SRI LANKA - Sri Lanka will boost the effectiveness of the Central Bank of Sri Lanka (CBSL) with support from a US$30.3 million credit just announced by the World Bank. The Central Bank Strengthening Project provides resources and technical assistance to…
IMF Sri Lanka trip reviews economic data standard
SRI LANKA - A mission from the International Monetary Fund is in Sri Lanka to assess whether economic data reported by state institutions are transparent and conform to international standards, officials said on 15 June.
Sri Lanka agrees on tight monetary policy with IMF
SRI LANKA - Sri Lanka toed the line of the International Monetary Fund (IMF) on 15 May and agreed that a tight monetary policy would be best to support the newly floated rupee and help achieve economic stability.
Sri Lanka halts slide as central bank steps in
SRI LANKA - Sri Lanka's rupee ended a two-day plunge of more than three percent on May 3, firming at the close after the central bank sold dollars in the market for the second successive day.
Sri Lankan cbank amends finance firm rules
SRI LANKA - Finance companies in Sri Lanka will now be allowed to accept deposits from the public for up to five years instead of three years, the Central Bank of Sri Lanka said in a statement on Apr 5, 2001.
IMF-WB-ADB in bailout package for Sri Lanka
Sri Lanka has been promised a bailout package from the International Monetary Fund, World Bank and the Asian Development Bank (ADB) to help shore up depleted foreign exchange reserves, Central Bank officials said. The officials, who declined to be named,…
Sri Lankan president says rupee float was timely
President Chandrika Kumaratunga said on Jan 28, 2001, the flotation of the Sri Lankan rupee helped avert a possible economic crisis and added there would be an intervention if the currency fell too steeply. Speaking on a Sinhalese-language television…
IMF welcomes Sri Lankan rupee free float
The International Monetary Fund Jan. 24 welcomed Sri Lanka's free float of the local currency, saying the exchange rate could now be determined more freely by market forces. "The new exchange rate arrangement is in keeping with the broader reform agenda…
Sri Lanka mkt surprised by rupee band adjustment
The Sri Lankan central bank's third one-off adjustment of the rupee trading band Monday - amid rocketing import costs - took the markets by surprise once again.
Sri Lankan economy records moderate growth
Sri Lanka's economy has recorded a moderate growth of some 4.5% during the first nine months of this year, according to the island country's central bank.
Sri Lanka working towards 10 pct capital adequacy
Sri Lanka's central bank governor said on Friday he would work towards raising tier two capital adequacy ratios for commercial banks to 10 percent next year from eight percent now.