Sri Lanka presented its long-awaited 2010 budget in late June, aiming to cut its deficit and position its perennially underperforming economy to take maximum advantage of post-war optimism and opportunity. The International Monetary Fund (IMF) gave its blessing to the plans to boost revenue and cut expenditure, releasing a $408 million loan tranche held back… Continue reading FACTBOX-Key political risks to watch in Sri Lanka
Author: Reuters
INTERVIEW-No reason for Sri Lanka anger at UN war panel -Ban
There is no reason for the Sri Lankan government’s angry reaction to the formation of a U.N. advisory panel on possible war crimes at the end of Sri Lanka’s war against rebels, the U.N. chief said on Wednesday. Last week U.N. Secretary-General Ban Ki-moon named a three-member panel chaired by Indonesia’s former attorney general, Marzuki… Continue reading INTERVIEW-No reason for Sri Lanka anger at UN war panel -Ban
Sri Lanka could lose trade concessions in EU spat
The European Commission on Wednesday rejected Sri Lankan accusations that a letter it sent urging the south Asian country to comply with conditions tied to a trade concession agreement was politically motivated. The European Union’s executive wrote to Colombo on June 17, requesting the government fully comply with and implement provisions of international human rights… Continue reading Sri Lanka could lose trade concessions in EU spat
IMF grants third tranche of $2.6 billion Sri Lanka loan
The International Monetary Fund will pay out the delayed third tranche of a $2.6 billion loan to Sri Lanka, saying the government was planning to tackle its weak finances in the 2010 budget to be announced on Tuesday. The IMF in February had delayed the payment after the government missed its 2009 deficit reduction targets… Continue reading IMF grants third tranche of $2.6 billion Sri Lanka loan
Sri Lanka rejects UN’s war crime advisory panel
Sri Lanka on Wednesday blasted the U.N. chief’s naming of a panel to advise him on war crimes at the end of a quarter-century separatist war, a decision that has full U.S. support, as a violation of its sovereignty. U.N. Secretary-General Ban Ki-moon on Tuesday named a three-member panel chaired by Indonesia’s former attorney general,… Continue reading Sri Lanka rejects UN’s war crime advisory panel
Sri Lanka commemorates victory, rejects war crimes push
Sri Lanka’s president on Friday criticized foreign pressure for a probe into war crimes allegations as "sympathy towards terrorism" and said soldiers had committed no rights violations. President Mahinda Rajapaksa took aim at his critics during a military parade to mark the one-year anniversary of Sri Lanka’s victory over the separatist Liberation Tigers of Tamil… Continue reading Sri Lanka commemorates victory, rejects war crimes push
Japan urges world not to dictate to post-war Sri Lanka
Japan on Wednesday urged the world not to dictate to Sri Lanka amid post-war reconciliation efforts and renewed calls from the West for a probe into possible war crimes. Sri Lanka last month celebrated the first anniversary of its victory against Tamil Tiger separatists, ending 25 years of civil war, and rights groups used the… Continue reading Japan urges world not to dictate to post-war Sri Lanka
UN political head to visit S.Lanka, discuss rights
The U.N. political chief will visit Sri Lanka this week, the United Nations said on Monday, amid a dispute between the world body and Colombo over who should investigate alleged human rights abuses. Lynn Pascoe will discuss with Sri Lankan leaders the aftermath of last year’s government victory over Tamil rebels, including political reconciliation, resettlement… Continue reading UN political head to visit S.Lanka, discuss rights
M.I.A. steps from art underground to media spotlight
During "Space," the dreamy future-shock ballad that closes her upcoming third album, M.I.A. repeatedly coos, "My lines are down/You can’t call me," over a gently percolating beat that sounds like a Sega Genesis practicing its pillow talk. It’s just one of the many observations on our data-drenched Infotainment Age that crop up throughout "/\/\ /\… Continue reading M.I.A. steps from art underground to media spotlight
India agrees $1 bln loan for post-war Sri Lanka – official
India has agreed to lend $1 billion to fund Sri Lanka’s infrastructure projects, mainly in former war zones in the country’s north and east, the island nation’s treasury secretary said on Thursday. "India assured us $800 million for the reconstruction of railway and a further $200 million for a power plant," P.B. Jayasundera, the secretary… Continue reading India agrees $1 bln loan for post-war Sri Lanka – official
