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Reports that many survivors of the tsunami in Sri Lanka are having to get loans to restart their lives despite that $1 billion in relief that has been promised. Much of the money which hasn't arrived there yet and only a small portion of what has come has made it into the hands of ...
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In Sri Lanka, provisional advances to the government and transfers of central bank profits also trigger currency pressure when there is a strong domestic credit recovery. It is easy to lose the credibility of the exchange rate but not easy to restore confidence in the currency and stop capital ...
Manila-based Asian Development Bank has budget support and a small and medium enterprise credit in the pipeline for Sri Lanka which can be given after a International Monetary Fund program review is concluded, officials said.
bank and subsidiaries of a bank incorporated outside sri Lanka; (i) a director of a subsidiary or an associate company of the licensed bank; (j) a director of a holding company of the licensed bank and its subsidiaries; (k) a close relation of a person specified in Order 1.1 (e) and...
Sri Lankan Ambassador to China Karunasena Kodituwakku on Wednesday strongly pushed back recent media reports criticizing Chinese investments in his country, saying that Sri Lanka was not forced to accept investments and loans from China and wants to cont
Washington-based World Bank said it had approved 700 million US dollars in loans from its concessionary International Development Association window Sri Lanka as the island tries to recover from a currency crisis and sovereign default.