This initiative is led by the Information and Communication Technology Agency (ICTA) of Sri Lanka in collaboration with LankaPay, the national payment network, under the oversight of the Central Bank of Sri Lanka (CBSL). Supported by the Ministry of Digital Economy, GovPay aims to modern...
ECONOMYNEXT – Sri Lanka’s bank lending to private borrowers has outpaced credit to the government for the fourth month running in November 2024, central bank data showed, as budgets got better and loan demand grew. Banks loaned 96 billion rupees to private borrowers in November, up from 88...
The Central Bank is responsible for regulating and supervising banks, finance companies and primary dealers to promote the safety and soundness of the banking and financial system and to safeguard the interests of depositors and investors. The regulation and supervision of banks is governed by the B...
we received the Paris Club endorsement. They took this decision after a round of discussions with their member countries, and in addition India as well as the World Bank and the IMF.
Sri Lanka’s Ministry of Finance has announced import restrictions on 367 “non-essential” items, in an attempt to tackle the country’s financial crisis caused by a severe foreign exchange shortage.
The report was launched at the chamber’s Economic Review and Outlook 2025 seminar which featured a panel discussion between Bingumal Thewarathanthri, Chairman, Sri Lanka Banks Association and MD/CEO, Standard Chartered Bank Sri Lanka, Chandranath Amarasekara, Assistant Governor, Central Bank ...
As a result of the introduction of the Crossroads Bank for Enterprises by the Belgian Government in July 2003, Branches have a unique number, called Branch Unit Number. This number must always be linked to the Enterprise Number of the headquarters. Also, every enterprise has at least 1 branch...
This article sets out to describe recent approaches to strengthening local government within the framework of the World Bank's Municipal Management Programme (1985鈥 95) in Sri Lanka. The article examines a number of innovations adopted within the programme that are of general relevance to the ...
The data reached an all-time high of 225.8 % in Mar 2021 and a record low of 55.9 % in Dec 1994. CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Japan provides Government Debt in local curre...
The data reached an all-time high of 300.7 USD bn in Sep 2024 and a record low of 6.9 USD bn in Mar 1978. CEIC converts quarterly Government Debt into USD. Bank Negara Malaysia provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used ...