Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Pakistan’s trade with Sri Lanka comes to a halt
by hammurabi Yesterday at 11:12 pm

» New Support Level 5300
by hammurabi Yesterday at 8:47 pm

» Market will test 4700
by hammurabi Yesterday at 8:13 pm

» EAST Steady at 18
by m2_yapa Yesterday at 7:18 pm

» LIOC upward curve
by hammurabi Yesterday at 7:14 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Lucky Gamage Yesterday at 6:26 pm

» SEC yet to publish its 2017 Annual Report
by Teller Yesterday at 5:10 pm

» Keep eye on Politics
by Teller Yesterday at 5:01 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 1:44 pm

» HNB Assurance March net down 83-pct
by Teller Yesterday at 1:18 pm

» PABC net down 13-pct in March; loans contract
by Teller Yesterday at 1:15 pm

» Indian stocks jumped to record highs
by Teller Yesterday at 1:13 pm

» modi wins-India to no1 in the world
by Teller Yesterday at 1:07 pm

» Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19
by Teller Yesterday at 1:02 pm

» undervalued stock
by Teller Yesterday at 1:00 pm

» CIND , 10% guaranteed return
by Teller Yesterday at 12:57 pm

» CSE from Dawn of Peace to Rebirth of Terrorism
by Sstar Yesterday at 12:09 pm

» INVITATION TO FORUM MODERATORS
by Agape Yesterday at 8:52 am

» Reputation???
by Uaecoindubai Wed May 22, 2019 7:12 pm

» Daily Stock Market Update
by Insights Equity Wed May 22, 2019 6:47 pm

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Wed May 22, 2019 5:56 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Wed May 22, 2019 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Wed May 22, 2019 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Wed May 22, 2019 11:15 am

» when bank lending rates put down ?
by nuwanmja Wed May 22, 2019 11:01 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by wisdom79 Tue May 21, 2019 10:46 pm

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» High Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

» CSE NOW AND AFTER ELECTION
by Ahcha Sun May 19, 2019 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Sun May 19, 2019 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » IMF delays Sri Lanka's loan discussion on political crisis

IMF delays Sri Lanka's loan discussion on political crisis

Go down  Message [Page 1 of 1]

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis.
The IMF has disbursed over $1 billion out of a $1.5 billion three-year extended fund facility (EFF) loan it agreed in 2016. The aim was to avert a financial crisis and support the economic reform agenda of the government then in power.
That government was sacked on Oct. 26 by President Maithripala Sirisena due to differences with former prime minister Ranil Wickremesinghe, who was backing social market economic policies.
Since the removal of Wickremesinghe, Sirisena has dissolved the parliament and called for a fresh election, but the Supreme Court last week ordered a suspension of that decree until it had heard petitions challenging the move as unconstitutional.
In September, the IMF said its mission had made significant progress towards “reaching a staff-level agreement with the government on completing the fifth review of the EFF and discussions will continue during the annual meetings of the IMF and World Bank in October”.
On Tuesday an IMF spokesman told Reuters via email: “We are monitoring the situation and remain in close contact with our technical counterparts in Sri Lanka.”
“Program discussions on the 5th review of the IMF’s Extended Fund Facility are currently on hold, pending clarity on the political situation.”
After completion of the fifth review Sri Lanka would expect to receive a sixth tranche of about $250 million. The total loan was expected to have been disbursed with a seventh tranche by mid 2019.
The political crisis has hit the economy. Already the rupee currency has fallen about 1.8 percent since the crisis unfolded last month. On Monday, the rupee fell to a record low of 177.20 per dollar. Foreign investors have pulled out more than 30 billion rupees ($169.5 million) since the crisis unfolded on Oct. 26.
Moody’s also downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming a political crisis for exacerbating already problematic finances. (Reuters)

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Miss-Sangeetha wrote:
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis.
The IMF has disbursed over $1 billion out of a $1.5 billion three-year extended fund facility (EFF) loan it agreed in 2016. The aim was to avert a financial crisis and support the economic reform agenda of the government then in power.
That government was sacked on Oct. 26 by President Maithripala Sirisena due to differences with former prime minister Ranil Wickremesinghe, who was backing social market economic policies.
Since the removal of Wickremesinghe, Sirisena has dissolved the parliament and called for a fresh election, but the Supreme Court last week ordered a suspension of that decree until it had heard petitions challenging the move as unconstitutional.
In September, the IMF said its mission had made significant progress towards “reaching a staff-level agreement with the government on completing the fifth review of the EFF and discussions will continue during the annual meetings of the IMF and World Bank in October”.
On Tuesday an IMF spokesman told Reuters via email: “We are monitoring the situation and remain in close contact with our technical counterparts in Sri Lanka.”
“Program discussions on the 5th review of the IMF’s Extended Fund Facility are currently on hold, pending clarity on the political situation.”
After completion of the fifth review Sri Lanka would expect to receive a sixth tranche of about $250 million. The total loan was expected to have been disbursed with a seventh tranche by mid 2019.
The political crisis has hit the economy. Already the rupee currency has fallen about 1.8 percent since the crisis unfolded last month. On Monday, the rupee fell to a record low of 177.20 per dollar. Foreign investors have pulled out more than 30 billion rupees ($169.5 million) since the crisis unfolded on Oct. 26.
Moody’s also downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming a political crisis for exacerbating already problematic finances. (Reuters)

Power Greedy Duo keeping country to ransom

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? Wink

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... :cry: :cry: :cry:

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? ;)

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10
The looted money from the Central Bank will be of help if recovered.IMF delays Sri Lanka's loan discussion on political crisis  Icon_biggrin

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@samaritan wrote:
@ruwan326 wrote:
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? Wink

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10
The looted money from the Central Bank will be of help if recovered.IMF delays Sri Lanka's loan discussion on political crisis  Icon_biggrin

Perpetual money 12.5 billion in custody of CB. 

What about recovering Avant Gaurde case losses to SLG which is estimated at 11 billion too.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@samaritan wrote:
@ruwan326 wrote:
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... :cry: :cry: :cry:

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? ;)

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10
The looted money from the Central Bank will be of help if recovered.IMF delays Sri Lanka's loan discussion on political crisis  Icon_biggrin

Perpetual money 12.5 billion in custody of CB. 

What about recovering Avant Gaurde case losses to SLG which is estimated at 11 billion too.
Mastermind of the bond scam is roaming freely in a bullet proof car where bullets cannot enter but could exit. Bond scam caused at least 15 year long negative impact to the country's economy as stated by MS and also resulted in mkt int rates to go up by 3%. Furthermore the loss of reputation to the country is immeasurable.
 Avant Guarde case is pending.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum