Top Tweets for #Defaultlk
මෑතකාලීන දේශපාලනික සිදුවීම් මධ්යයේ ශ්රී ලංකාවේ ණය සාකච්ඡා ද ඉදිරියට යමින් පවතී. ජාත්යන්තර ස්වෛරීය බැඳුම්කර (ISB) ප්රතිව්යුහගත කිරීමේ ක්රියාවලියේ අප සිටින්නේ කොතැනද යන්න පිළිබඳ සරල පැහැදිලි කිරීමක් මෙන්න. #lka #SriLanka #debt #Defaultlk
Sri Lanka's debt negotiations have been progressing amid recent political developments. Here's a simple explanation of where we are in the process of restructuring ISBs. #lka #SriLanka #Debt #Defaultlk
Clarifications on what IS and ISN'T negotiable in the IMF programme.
Targets = not really
Methods = somewhat
#lka #defaultlk
China Exim bank loans include loans taken for the Hambantota port and Mattala airport.
Sri Lanka also owes approx USD 2.2 billion to China Devlopment Bank which is classified as commercial lending.
#EconomicCrisisLK #DefaultLK
China EXIM Bank, the largest bilateral creditor of #lka has entered into an tentative agreement regarding debt relief. 15% of Sri Lanka's foreign debt is owed to #China EXIM Bank.
EXIM bank lending is catagorized as official bilateral lending.
#EconomicCrisisLK #DefaultLK
The Export-Import Bank of China—as an official creditor—has reached tentative agreement with Sri Lanka on the debt treatment.
“It makes no sense at all. Having someone registered for taxation does not mean they pay taxes”. Prof. Mick Moore shares his thoughts on the idea proposed in the interim budget to register every Sri Lankan citizen aged above 18 years for taxes.
#DefaultLK #BudgetinCrisis #LK
Default_LK Researcher Thisuri Rojie Ekanayake has delved deep into the cost of expressways in her latest article “Expressways: Path to Prosperity or Road to Ruin?”. Visit Default_LK website through the link on bio to read more
#Infrastructure #Budget #DefaultLK #EconomicCrisisLK
Let's take a look at what the IMF's press release on the staff level agreement includes and what the IMF really wants.
#DefaultLK #EconomicCrisisLK #IMF
What was in the Interim Budget for 2022 and what does it really mean for the country's recovery?
#DefaultLK #EconomicCrisisLK #BudgetLK (1/9)
Join us for a post-budget forum with Prof. Mick Moore of @ICTDTax and @IDS_UK , @ShahrukhWani of @The_IGC and our very own @yolanifernando!
Moderated by @MadhulikaRG
#DefaultLK #EconomicCrisisLK #lka #BudgetLK
An article by @UmeshMoramudali and @ThilinaKalhara addressed misconceptions about Sri Lanka's debt to China. While debunking the 'debt trap narrative,' they set the record straight on #lka Chinese debt stock which was approx. 20% as of end 2021.
#DefaultLK #EconomicCrisisLK
In a previous tweet, we gave an explanation of what the increase in someone’s electricity bill would look like in rupee terms, instead of focusing only on the % increase.
https://t.co/qaN8qDrLvO
#DefaultLK #EconomicCrisisLK
How do the proposed electricity tariff revisions affect you? #defaultlk
How do the proposed electricity tariff revisions affect you? #defaultlk
Eating a WHO & Health Ministry recommended diet costs two time more than it did one year ago - food inflation measured in May 2022 was 58% while food inflation in Colombo was 80% @RegularReh
#EconomicCrisisLK #DefaultLK #lka
A family of four in #Colombo now needs Rs.100,000 a month for basic food as guided by @WHO & Health Ministry. The same family needed only Rs.50,000 for this last year. #SriLanka food inflation is 58%, but 80% in Colombo - @RegularReh tells @LMudalige #EconLiteracy
"We are aware that rate hikes adversely hit the SMEs but if it's not done, inflation could go up to 100%, which would be detrimental to SMEs and the economy. We will take measures to support SMEs on a case-by-case basis." (3/3)
#EconomicCrisisLK #DefaultLK
CBSL’s mandate is to curtail inflation using monetary policy measures such as policy rates. Increase of policy rates leads to higher interest rates which discourage lending and imports while encouraging savings. (2/3)
#EconomicCrisisLK #DefaultLK
@CBSL governor says that inflation could go up to 70% in the coming months and thus essential to provide cash transfers to protect the poor. (1/3)
#EconomicCrisisLK #DefaultLK
Responding to @steve_hanke, @CBSL Governor notes that CBSL measures inflation in accordance with international standards, just like GDP and other economic indicators are calculated/estimated. But people are at liberty to have opinions. (1/2)
#EconomicCrisisLK #DefaultLK
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