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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyYesterday at 7:45 pm by serene

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptySat Apr 20, 2019 10:07 am by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyFri Apr 19, 2019 7:23 pm by hammurabi

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyWed Apr 17, 2019 6:33 pm by hammurabi

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptySat Apr 13, 2019 10:53 pm by nihal123

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyMon Apr 08, 2019 7:23 pm by ruwan326

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»  5000 Post Milestone - Congratulations
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» SAMP.N0000 (SAMPATH BANK PLC)
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» Sinhala Cinema
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» LIOC.N0000 (Lanka IOC PLC)
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» Plantation sector updates
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyMon Apr 01, 2019 2:13 pm by nihal123

» What to Analyse
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» MTD WALKERS - KAPI
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» In the Meantime, Within Our Shores !
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» PB. N0000 (People's Bank)
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyFri Mar 29, 2019 5:33 pm by yellow knife

» Obituary Notice.
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» Re: Financial reports Q1-2019
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyFri Mar 29, 2019 7:45 am by serene

» Save Wilpattu !
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» Help him Today, so he can help another Tomorrow
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyThu Mar 28, 2019 7:49 am by serene

» HNB.N0000 ( Hatton National Bank PLC)
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» අපිට විතරද පායන්නේ ?
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyMon Mar 25, 2019 9:06 pm by malanp

» Tourism sector
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» Oman's Oil and Gas Minister Dr. Al Ruhmy arrives in Lanka.
Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptySun Mar 24, 2019 12:11 pm by Ethical Trader

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyTue Mar 19, 2019 9:34 am by AjithR

» JEWS OF SRI LANKA: AN UNTOLD STORY
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Rising debt is shared concern of both creditors, debtors, Sri Lanka says EmptyFri Mar 15, 2019 2:59 pm by nuwanmja

» HAYL.N0000 Hayleys PLC
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Rising debt is shared concern of both creditors, debtors, Sri Lanka says

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Rising debt is shared concern of both creditors, debtors, Sri Lanka says Empty Rising debt is shared concern of both creditors, debtors, Sri Lanka says

Post by The Invisible on Fri Oct 12, 2018 5:46 am

ECONOMYNEXT – Rising debt levels are a shared concern and responsibility of both debtors and creditors, Sri Lankan Finance Minister Mangala Samaraweera, who is also chairman of the G-24 group, has said.

Major powers should strengthen the rules-based global trading system, he said in Bali, Indonesia where Ministerial Meeting of the Group of Twenty-Four (G-24) developing countries and the annual meetings of the International Monetary Fund and World Bank Group are being held.

G-24 and IMF and World Bank delegates discussed debt vulnerabilities that are rising in some developing countries, particularly low-income countries, a statement said.

According to the IMF, debt as a percentage of GDP has risen from 33 percent to 47 percent in the last 5 years for low-income countries.

“Such a rapid rise in debt and rates should be a concern to both creditors and debtors, which share a responsibility to foster debt transparency and sustainability,” Samaraweera said.

“Global growth continues broadly but risks are rising for developing economies with higher oil prices, rising interest rates, high debt levels and the threat of trade war as top concerns,” said Samaraweera.

“We urge major powers to reform and reinforce rather than discard the rules-based global trading system.”

The statement said the G-24 called for action from the IMF, World Bank and multilateral partners and donors on capacity building for fiscal and debt management and sustainability and debt transparency.

“We need to recognize the issue and try to improve the transparency around borrowing and recognize that both borrowers and lenders bear responsibility for ensuring sustainability.

“On sovereign debt resolution, we have recognized that, with greater reliance on market-based finance, the challenges of maintaining debt sustainability and resolving sovereign debt crises evolve, and that we need a better framework to deal with such challenges.”

(COLOMBO, 11 Octber, 2018)
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Rising debt is shared concern of both creditors, debtors, Sri Lanka says Empty Re: Rising debt is shared concern of both creditors, debtors, Sri Lanka says

Post by serene on Fri Oct 12, 2018 7:43 am

In a nutshell He simply urges developed nations to come and save us.

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