debt

    Central Bank sells gold worth US$ 206mn to shore up reserves
    by |09 January 2022|Verité in the News
    Published on The Sunday Times The Central Bank sold more than half of its gold reserve–54.1 percent or US$ 206.8mn worth– last month to shore up forex reserves that had dropped to around a month of imports in November 2021....
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    CB says Funds Allocated for Jan. 18 Bond Settlement
    by |07 January 2022|Verité in the News
    Published on Daily Mirror It appears that CB is positive of wrapping up US $ 1.9bn Indian funding within this month CB is also hopeful of US $ 1bn worth of swap line from Qatar Leading economist advises govt. not...
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    Government’s New Year Relief: A blessing or curse in disguise?
    by |05 January 2022|Uncategorized
    Published on Daily Mirror Prudence at the helm is the most important need of the country today - W. A Wijewardena Burden of funding will inequitably fall on the rest of the labour force - Deshal de Mel Need of...
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    Fitch Rating Revision: Debt default fears worsen but Lanka assures repayment
    by |19 December 2021|Verité in the News
    Published on The Sunday Times Sri Lanka is running on empty and may be perilously close to defaulting on its foreign debt payments, the latest international sovereign ratings downgrade suggests. Citing an “increased probability of default’’, Fitch Ratings on Friday...
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    Demystifying Increase in Sri Lanka’s Debt
    by |09 December 2021|Interviews & Articles
    Published on Daily Mirror In the last 70 years, Sri Lanka has never been in a more precarious position with regard to the repayment of its debt, than at present, in December 2021. There is much that is said in...
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    Govt. Urged to Initiate Groundwork for Debt Restructuring as Plan B
    by |09 December 2021|Verité in the News
    Published on Daily Mirror Verite Research ED Dr. Nishan de Mel says SL will be in deeper crisis if govt. waits longer for Plan B Says govt.’s Plan A would push SL to sell or forfeit enormously valuable national assets...
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    Budget 2022 Fails in Critical Outcomes: Verité Research
    by |09 December 2021|Verité in the News
    Published on DailyFT Releases public report ahead of third reading of Budget in Parliament tomorrow Opines Budget has failed to establish a stable fiscal regime, credibility in its fiscal projections and build confidence for global markets and rating agencies Budget...
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    Verité Research releases Public Report on Budget 2022 ahead of third Budget reading
    by |08 December 2021|Press Release
    2022 will be a pivotal year in Sri Lanka's external debt management and the economy as a whole. The budget 2022, currently being debated in parliament, provides an opportunity to map a path out of Sri Lanka's prevailing economic troubles....
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    Sri Lanka Debt Re-structuring: Opinion Divided Among Think Tanks
    by |07 December 2021|Verité in the News
    Published on EconomyNext Sri Lanka should start talking to the International Monetary Fund at least as a second option head of a think tank based in Colombo said, but opinion was divided on whether or not a debt restructuring with...
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    Verité Research Offers Solutions for USD Liquidity Crisis
    by |25 October 2021|Verité in the News
    Published on The Sunday Times A private think tank institute in Sri Lanka has said Sri Lanka faces bigger challenges ahead in the management of its foreign exchange reserves. “Sri Lanka’s foreign reserve would be completely depleted by the end...
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