debt

Verité Research hosts Pre-budget Forum, offers solutions for USD Liquidity Crisis and Proposals for Budget 2022
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Verité Research hosted the online discussion Steering out of the Debt Crisis: Recipe for Budget 2022 on the 14th of October 2021. The event was anchored around addressing Sri Lanka’s debt and USD liquidity crisis, and featured presentations by Executive...
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Verité Moots 8 – 10% VAT for % and 2022
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Published on The Morning Advises to increase to 10-12% in 2023, 12-15% in 2024 Proposes to increase to increase(sic) excise tax on cigarettes and alcohol Makes more tax proposals on raising govt. revenue In view of the upcoming Budget 2022,...
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IMF or No IMF, Sri Lanka Needs Economic Analysis and Plan Going Forward
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Published in The Island Whatever Sri Lanka decides about dealing with its debt and paying its way through the world, the country needs to formulate a very good economic analysis and a publicly-backed plan that will establishc credibility of the...
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Debt Default Danger: Alarmist or Imminent?
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Published in The Morning LK Will the Government of Sri Lanka default on its obligations to service its mountain of debt over the next couple of years, including two bond repayments of a total of $ 1.5 billion due in...
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CA Sri Lanka’s CEOs Forum Plays Nexus Role to Bridge Gap between Govt., Biz Community
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Published in the DailyFT State Minister Nivard Cabraal urges private sector to look long-term, not focus only on short-term CB Chief says Govt. policy plan has heavy focus placed on exports, domestic production as well as entrepreneurship and SME activities...
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Sri Lanka Needs Medium and Long Term Plan to Overcome Debt Crisis
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Published in The Sunday Times Although immediate debt repayment payments have been settled, the government will have to implement a medium and long term plan with clear policy derived by analysing all its aspects, a leading economist emphasised. Verite Research...
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Desperately Searching for Dollars: Importers and Import-Intensive Exporters Badly Hit
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Published in The Sunday Times Importers continued to fret this week with containers–many of them holding inputs for export manufacturing–held up because dollar-strapped Sri Lankan banks were slow in settling payments with the sellers’ banks abroad. “I bring in raw...
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Treasury Rules Out Fraudulent Stats in Central Bank Report
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Published in TheMorning.lk Responding to the recent outburst of MP Harsha De Silva in regard to the Central Bank of Sri Lanka’s Annual Report of 2020, Treasury Secretary S.R. Attygalle told The Sunday Morning Business that there is absolutely no fraudulent accounting...
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concessional financing
Concessional Financing Is Not without Controversy – Report
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Published in the Sunday Observer Explicitly evaluating whether loans are concessional or adverse considering the combined consequence of the grant element and cost escalation on the tied element/unsolicited proposal would be advantageous for Sri Lanka.  By contrast, at present only...
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Government urged to take pragmatic view on debt management
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Published in The Island By Sanath Nanayakkare If Sri Lanka has the right policy mix to effectively carry on with its debt rollover and to maintain a surplus in its current account, the country can demonstrate that it has entered...
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