Sri Lanka’s cabinet has approved a proposal to seek 200 million dollars in funding from the Asian Development Bank (ADB) for the second stage of the Mahaweli Water Security Investment Program, Minister Nalinda Jayatissa said.
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President Anura Kumara Dissanayake met with the Under Secretary of State for Political Affairs of the United States, Allison Hooker, at the Presidential Secretariat in Colombo this morning (11).
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Sri Lanka’s decision to divert US$150 million in World Bank IDA funds into a massive vehicle procurement programme has exposed a truth long whispered inside the health sector:
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Sri Lanka’s long-promised Doppler radar crucial for accurate storm tracking—is now expected only by 2027, raising fresh concern after the misfiring forecast of the recent cyclone.
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Sri Lanka’s tax exemptions have surged, undermining fiscal stability and limiting the impact of economic reforms.
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Cyclone Ditwah caused limited disruptions to Sri Lanka’s tea industry, with no reported manufacturing losses, the Colombo Tea Traders’ Association (CTTA) confirmed.
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Proposed World Bank payment guarantee facility in the offing to scale up private investment in renewable energy projects
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Sri Lanka’s external debt stock rose to $37.24 billion by end-September 2025, an increase of $100 million from the previous quarter, according to the latest Quarterly Debt Bulletin issued by the Public Debt Management Office.
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The UNDP has called for urgent concessional financing for Sri Lanka, warning that the country cannot take on additional debt to recover from Cyclone Ditwah,
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Sri Lanka’s external debt stock rose to USD 37.24 billion by end-September 2025, according to the Public Debt Management Office. Although the country remains unable to access global capital markets,
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