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

Latest topics

» Daily Stock Market Update
by Insights Equity Today at 7:20 pm

» INSURANCE companies finally falling!
by nosf766 Today at 2:00 pm

» Cinnamon Grand now Topless without Rohan Karr
by ChooBoy Today at 1:47 pm

» MARKET CRASH - GUARANTEED
by Maharaja Today at 1:47 pm

» Dusit Thani Sri Lanka project halted?
by ChooBoy Today at 11:44 am

» Sad situation of expressway !!!!
by roshan1039 Today at 10:53 am

» UBC - What is going on
by Trader321 Today at 9:39 am

» UBC TO HIT 24 ??
by Trader321 Today at 9:38 am

» GOLDEN ERA
by Yahapalanaya Today at 9:02 am

» Profitable Forex Copy (over 100% profit monthly)
by princess111 Today at 6:02 am

» SEC Chief welcomes PM’s remark on EPF’s return to stock market
by kalu351 Today at 2:16 am

» පැලවත්ත කිරි සමාගම කොටස් වෙළද පොළට,DRINK pelawaththa milk & help sri lanka
by Miss-Sangeetha Yesterday at 5:39 pm

» CSE is promoting Life Insurance companies whilst Stock Market is crashing.
by ChooBoy Yesterday at 12:35 pm

» Singapore rejects Sri Lankan leader’s allegation on trading scam suspect
by Yahapalanaya Yesterday at 8:18 am

» BALA.N potential
by Yahapalanaya Yesterday at 6:39 am

» Sri lanka tourism income reached 4.4 billion USD 2019
by Yahapalanaya Wed Mar 20, 2019 10:03 pm

» presidential election very soon ?
by Yahapalanaya Wed Mar 20, 2019 10:01 pm

» UBC - Stake up by big invester
by Yahapalanaya Wed Mar 20, 2019 9:57 pm

» AEL.N0000 is the Next AAIC.N0000 -
by Trader321 Wed Mar 20, 2019 12:37 pm

» World Bank approves USD70Mn to Sri Lanka
by Sstar Wed Mar 20, 2019 11:13 am

» Sri Lanka shares end little changed; rupee rises
by Miss-Sangeetha Tue Mar 19, 2019 6:30 pm

» Diversification of Sri Lankan economy, must to garner more economic benefits
by ChooBoy Tue Mar 19, 2019 2:04 pm

» ALHP Right issue......!!!!1
by Miss-Sangeetha Tue Mar 19, 2019 11:47 am

» UBC.N0000- Donnt miss this
by Trader321 Tue Mar 19, 2019 10:13 am

» BFN - DEAL OVER - TO BE DE LISTED SOON AFTER THE PRIVATE PLACEMENT ඩීල් එක ඉවරයි @ 19-59 - කොටස් වෙළදපලෙනුත් ඉවත් කරගන්නා බවට ආරන්චි
by sanjulanka Mon Mar 18, 2019 7:03 am

» While waiting for the market to rebound, look for bargains if you can afford the risk. Try to be active at the right time to gain something
by Asoka Samarakone Sun Mar 17, 2019 3:18 pm

» ඉතා ඉක්මනින් සේවක අර්තසාදක අරමුදල නැවත කොටස් වෙළදපල ට
by mahasona2 Sun Mar 17, 2019 3:43 am

» Central Bank targeting early return of EPF to stock market
by mahasona2 Sun Mar 17, 2019 3:24 am

» Lofc delisting??
by Bdcdman Sat Mar 16, 2019 11:16 pm

» Weekly Stock Market Roundup
by Insights Equity Sat Mar 16, 2019 5:37 am

» Today is UBC.N0000 day.
by Trader321 Fri Mar 15, 2019 11:32 am

» HVA WILL THEY RECTIFY THE REGULATORS QUARIES BEFORE DEAD LINE?
by Bdcdman Fri Mar 15, 2019 11:11 am

» ALHP WILL MOVE UP from next MONDAY
by Miss-Sangeetha Fri Mar 15, 2019 10:52 am

» ALHP WILL MOVE UP SOON
by mahasona2 Thu Mar 14, 2019 11:05 pm

» CASH RICH REXP
by Yahapalanaya Thu Mar 14, 2019 6:09 pm

» ලාංකීය හෙදියකට ලක්ශ 9 ක් ගෙවන ඇමෙරිකාව
by Uaecoindubai Thu Mar 14, 2019 3:48 pm

» EAST INTERESTING DAYS AHEAD 25+
by karuna2 Thu Mar 14, 2019 11:43 am

» රජයේ පඩි දෙගුණයක් වුන හැටි
by Uaecoindubai Thu Mar 14, 2019 9:31 am

» UBC.N0000 Vs AEL.N0000 - What will be the best
by Trader321 Thu Mar 14, 2019 9:15 am

» EFP TO start again invest in Stocks
by mahasona2 Thu Mar 14, 2019 1:10 am

» Second reading of budget passed by 119 Votes - Shows this Government is Confident
by Maharaja Wed Mar 13, 2019 11:27 pm

» Fall of stocks - Big Players are behindThis is the time to buy and collect stocks
by mahasona2 Wed Mar 13, 2019 9:49 pm

» Government salary hike almost double..
by Uaecoindubai Wed Mar 13, 2019 9:32 pm

» COLOMBO STOCKS 5 1/2 LOW
by soileconomy Wed Mar 13, 2019 7:19 pm

» UBC.N0000 ? Expert ideas please ?
by Trader321 Wed Mar 13, 2019 2:31 pm

» UBC.N000- keep eye, something is happening
by Trader321 Wed Mar 13, 2019 2:22 pm

» How about EAST @ 10/= end of march
by karuna2 Wed Mar 13, 2019 2:21 pm

» CHOU.N0000
by Shiranleet Wed Mar 13, 2019 11:16 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » WORLD BANK SUPPORT

WORLD BANK SUPPORT

Go down  Message [Page 1 of 1]

1 WORLD BANK SUPPORT on Thu Jul 13, 2017 6:24 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[size=48]WB doubles support to $ 1.34 b
[/size]



0
[size]

Comments /  23 Views / Thursday, 13 July 2017 00:05
 0  3[/size]



World Bank Country Director Idah Z. Pswarayi-Riddihough and officials with Finance Minister Mangala Samaraweera
 
Finance Ministry said yesterday Sri Lanka will receive $ 1,340 million (over Rs. 207 billion) worth of financial and technical assistance from the World Bank Groupfor the three-year period starting from 1 Julyunder the IDA (International Development Association) Transitional Support Facility. 

Previously Sri Lanka received$ 660 million IDA support for the period from year 2014 to 2017.

Sri Lanka is expected to access approximately $ 300 m per annum for the coming three years from IBRD (International Bank for Reconstruction and Development). IDA and IBRD are member institutions of World Bank Group. Thisassistance comes as financial assistance for development projects and technical assistance for analytical and advisory services.

This was revealed when the World Bank Country Director for Sri Lanka and Maldives Idah Z.Riddihough called on Minister of Finance and Mass Media Mangala Samaraweera at the Finance Ministry on Tuesday. The World Bank Country Director discussed the progress of WB assisted ongoing and proposed projects in the country.  Public Sector Efficiency Project and the Country Readiness for Public Private Partnerships (PPP) are the two projects, proposed to be implemented by the Ministry of Finance with financial and technical support from the World Bank. The Social Safety Nets Project is the ongoing project with WB assistance.

WB Country Director Idah Z. Pswarayi-Riddihough appreciating Sri Lanka’s economic performance said that despite significant challenges,it remained broadly satisfactory in 2016 and early 2017. The WB recognises the corrective policy measures taken in 2016 following expansionary fiscal and monetary policies implemented in the previous year as early signs of stabilisation.

According to the Ministry of Finance and Mass Media, a combination of increase in revenues and rationalisation of expenditures helped reduce the fiscal deficit from a reported 7.6% in 2015 to 5.4% of GDP in 2016. While the boost received from increased profits and dividend income from State-Owned Enterprises (SOEs) played a key role in increasing revenues, the changes to the VAT Act implemented late 2016 and improved revenue administration helped strengthen tax collection, it noted.

The World Bank predicts that fiscal deficit in Sri Lanka is projected to fall to 5.2% of GDP for 2017. This is thanks to the impact of VAT changes in its first full year. In outer years, the new Inland Revenue Act is expected to expand the tax base for corporate and personal income tax while shifting from tax holidays to a performance-based incentive regime, where the incentives depend on actual rather than promised investment.

On the expenditure side, WB projects the increased fiscal space will benefit primarily public investment, assuming no major additional recurrent expenditure commitments. Under this baseline, the fiscal deficit to narrow the deficit to 3.5 of GDP by 2020. The primary fiscal balance is projected to become marginally positive in 2017, the Ministry noted.

2 Re: WORLD BANK SUPPORT on Thu Jul 13, 2017 8:14 am

Maharaja


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
News for the market to turn into BULL mode !!!!



Maharaja

Back to top  Message [Page 1 of 1]

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