All posts tagged "Sri Lanka"
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406Fintech / RegtechIndia Launches UPI Services in Sri Lanka and Mauritius
Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.
February 13, 2024 -
426ESG / SustainabilitySingapore, Sri Lanka Forge Partnership to Develop Carbon Credit Agreement
Under the agreement, Singapore's carbon tax-liable companies can purchase carbon credits from eligible projects to offset up to 5 percent of their taxable emissions.
August 24, 2023 -
536Asia-PacificIMF Bailout Presents Uncertain Outcome for Sri Lanka’s Banks
The IMF estimates the banking sector recapitalisation needs around 6 percent of 2022 GDP. Local banks so far have opposed a domestic debt restructuring.
April 5, 2023 -
205Asia-PacificIMF Approves $3b Funding Arrangement for Sri Lanka
The Executive Board’s decision enables an immediate disbursement worth $333mn million. Sri Lanka agreed to fiscal, monetary, governance and anti-corruption reforms.
March 21, 2023 -
549Asia-Pacific
Sri Lanka Likely to Secure IMF Funding Next Week
The IMF's Kristalina Georgieva has welcomed "decisive policy actions" by Sri Lankan authorities and the financial assurances obtained from major creditors.
March 16, 2023 -
422Asia-Pacific
Sri Lanka Cabinet Approves Bill to Enhance Capital Market
The bill is aimed at enhancing market regulation, improving enforcement mechanisms, and creating a more efficient capital market with better governance standards.
June 10, 2021 -
Asia-Pacific
IOSCO – Sri Lanka Regulator Urgently Needs Independence
Report also finds outdated legislative, regulatory framework; says several sectors ‘largely unregulated’.
July 3, 2017