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
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1135 ]
27% 27% [ 423 ]

Total Votes : 1558

Latest topics
» LIOC with price formula
by Valuehunter Today at 5:32 pm

» CFT Selling preser over now
by sameboy Today at 4:56 pm

» BFN (ORIENT FINANCE PLC)
by DS Wijesinghe Today at 3:59 pm

» RAL with Max Profit.....
by EquityChamp Today at 2:44 pm

» GEMS in AUGUST & SEPTEMBER
by dow Today at 2:41 pm

» CSEC and CFVF
by Teller Today at 2:20 pm

» CALF Ready for Run
by Teller Today at 2:19 pm

» AINV.N Starts again ?
by Neluka Karannagoda Today at 1:15 pm

» ELPL Best Plantation Share.
by ranferdi Today at 11:23 am

» CFVF will cross 34/= level today ...
by EquityChamp Today at 9:23 am

» What are the shares which will have positive impact on Hambanthota port agreement
by MoneyLover Today at 8:58 am

» Long Term Investment
by thankrishan Today at 8:57 am

» plantation shares.....
by lakmal87 Yesterday at 11:49 pm

» People's Leasing Company
by ddrperera Yesterday at 9:08 pm

» CITH AMALGAMATION....
by dsam Yesterday at 1:38 pm

» Expectation answers from Experts - MGT/TJL
by MRBRAVO Yesterday at 11:28 am

» LIOC is active again
by Yahapalanaya Yesterday at 10:14 am

» NDB.N - Impressive Performance
by thankrishan Yesterday at 9:11 am

» MKT BOOM WITH Hambantota deal .....
by Vacations To Sri Lanka Yesterday at 8:53 am

» GSP Plus benefit seen short-lived
by DS Wijesinghe Yesterday at 6:50 am

» Perpetual Treasuries paid Sri Lanka finance minister’s rent: bond probe
by DS Wijesinghe Yesterday at 6:38 am

» My 6th year celebration in sri lanka equity forum
by ddrperera Tue Jul 25, 2017 9:21 pm

» BONDGATE - SRI LANKA'S BIGGEST BOND SCANDAL!
by dsam Tue Jul 25, 2017 9:16 pm

» CSE BULL GETTING READY FOR THE RUN
by worthiness Tue Jul 25, 2017 9:00 pm

» CCS profit down by 20%
by stockback Tue Jul 25, 2017 8:08 pm

» ASPI 7000 - VERY SOON
by Teller Tue Jul 25, 2017 7:42 pm

» 24 of Asia's most overlooked places
by EquityChamp Tue Jul 25, 2017 3:02 pm

» Euro at 2-Year High: ETF Winners & Losers
by VALUEPICK Tue Jul 25, 2017 12:05 pm

» MADU .......
by EquityChamp Tue Jul 25, 2017 9:31 am

» LOFC Chart 28.04.2017 (weekly chart)
by Harry82 Tue Jul 25, 2017 9:29 am

» BG, SBLC, DISCOUNTING AND LOANS FOR YOUR PROJECTS
by kimsungnyon010 Tue Jul 25, 2017 8:26 am

» BG/SBLC Financing can help you get your project funded
by kimsungnyon010 Tue Jul 25, 2017 8:25 am

» BG / SBLC / LC / DLC / MTN ETC AVAILABLE FOR LEASE
by kimsungnyon010 Tue Jul 25, 2017 8:11 am

» REEF future
by Ran49 Mon Jul 24, 2017 10:21 pm

» Asian Alliance Shares (ALLI)
by EGG Mon Jul 24, 2017 8:51 pm

» Much-awaited-fuel-pricing-formula-on-the-cards
by worthiness Mon Jul 24, 2017 7:36 pm

» Will JKH touch Rs. 180
by EquityChamp Mon Jul 24, 2017 3:13 pm

» JKH Uptrend
by EquityChamp Mon Jul 24, 2017 3:08 pm

» Sri Lanka's property Prices are soaring with imminent burst in sight
by samaritan Mon Jul 24, 2017 9:33 am

» How about LDEV
by sanjulanka Sun Jul 23, 2017 10:52 pm

» DONT SELL LIOC
by predictor Sun Jul 23, 2017 10:33 pm

» ENTRUST SECURITIES PLC
by worthiness Sun Jul 23, 2017 4:19 pm

» foreigners-active-analysts CSE
by predictor Sun Jul 23, 2017 2:07 pm

» AINV............1.20
by ddrperera Sun Jul 23, 2017 11:36 am

» JKH - FOREIGNERS RESORT TO DUMP & PUMP!
by samaritan Sun Jul 23, 2017 9:49 am

» TAP TAP TAP .......9+++++++++
by ddrperera Sat Jul 22, 2017 11:38 pm

» KZOO WHO IS THE SELLER?
by ddrperera Sat Jul 22, 2017 11:30 pm

» Buy TKYO - will be 100
by sharemarket Sat Jul 22, 2017 8:11 pm

» Palmgarden hotel
by gamagevidana Sat Jul 22, 2017 6:20 pm

» How 2 1/2 Years of increased taxation by 'Adooradarshipalanaya' has slowed down the Economy and how the new proposed taxation will further bring down our economy
by samaritan Sat Jul 22, 2017 11:47 am

» Dividend දෙන ශේයර්ස්
by saliya1000 Sat Jul 22, 2017 9:11 am

» CIFL.N flying
by fortuneteller Sat Jul 22, 2017 7:15 am

» AAF & CIFL.
by soileconomy Fri Jul 21, 2017 9:49 pm

» PCHH @ 0.90
by dow Fri Jul 21, 2017 6:02 pm

» AINV.N playing like crazy
by Neluka Karannagoda Fri Jul 21, 2017 10:31 am

» When Market drops higher foreign purchases
by prabath Fri Jul 21, 2017 8:11 am

» CIFL......
by sameboy Thu Jul 20, 2017 9:55 pm

» Soy- nobody spoke about
by reyaz Thu Jul 20, 2017 2:07 pm

» What is the situation of PCP.N ?
by Neluka Karannagoda Thu Jul 20, 2017 10:21 am

» LLUB any news?
by thankrishan Thu Jul 20, 2017 8:56 am

» RICH share price is up from 4th July.
by Teller Wed Jul 19, 2017 8:07 pm

» MTD WALKERS (KAPI.N) TO HIT 40 OR HIGHER
by reyaz Wed Jul 19, 2017 7:09 pm

» Sri Lanka: HNB Bank Accidentally leaks out Priority Customers List in Email - Facebook Post form Official HNB Page
by reyaz Wed Jul 19, 2017 7:03 pm

» sirasa news 1st(16.09.2011)_Dr.Harsha_about manipulators
by reyaz Wed Jul 19, 2017 6:37 pm

» Good News regarding Dengue
by Neluka Karannagoda Wed Jul 19, 2017 1:30 pm

» SELL ALUM SHARES IMMEDIATELY..
by sakuni Wed Jul 19, 2017 12:43 pm

» asi going down.....
by nigma Wed Jul 19, 2017 12:35 pm

» මුංගෙ පවුල් පිටින් හෙණ ගහල මළත් මදී....
by kalu_mahaththaya Wed Jul 19, 2017 11:56 am

» Sri Lanka President battles to keep coalition, ultimatum backfires
by reyaz Wed Jul 19, 2017 9:11 am

» COTTON PRICES going down after the bullishness ..... GOOD For MGT/TJL
by kcrRanz Wed Jul 19, 2017 8:52 am

» Please give your comments
by deli Wed Jul 19, 2017 7:31 am

» KZOO.N0000 Will Rise Up
by fortuneteller Tue Jul 18, 2017 8:58 pm

» The Finance Company ----TFC........???
by Teller Tue Jul 18, 2017 8:01 pm

» could the stock broker block my acc....
by Teller Tue Jul 18, 2017 7:58 pm

» HEXP next run
by anges Tue Jul 18, 2017 7:19 pm

» ABANS Unfair Offer Price
by Wimal Modawansa Tue Jul 18, 2017 6:51 pm

» CITW converted share
by Eugine Fernando Tue Jul 18, 2017 2:38 pm

» Top global fund manager upbeat on Sri Lanka’s future prospects
by worthiness Tue Jul 18, 2017 1:47 pm

» BFN DIVIDENT Announced !!!!!
by ruwan326 Tue Jul 18, 2017 1:09 pm

» Mr Saman vs HARI
by ruwan326 Tue Jul 18, 2017 10:55 am

» LIOC Future in AUGUST
by thankrishan Tue Jul 18, 2017 9:41 am

» IMF APPROVES $167.2MILLION
by Yahapalanaya Tue Jul 18, 2017 9:24 am

» TO ADMIN: How can unlock the login
by Ran49 Mon Jul 17, 2017 9:32 pm

» BFN 18+ guaranteed
by Maharaja Mon Jul 17, 2017 8:32 pm

» BLI's wife - BFN
by Maharaja Mon Jul 17, 2017 5:02 pm

» LIOC - NAV Rs. 40/=
by thankrishan Mon Jul 17, 2017 2:58 pm

» Any news of trading halt or suspension of AINV.N ?
by Neluka Karannagoda Mon Jul 17, 2017 11:36 am

» TB Rates ....
by Vacations To Sri Lanka Mon Jul 17, 2017 9:03 am

» NEXT BOOM ODEL TRAGET PRICE 35..FOREIGN PARTY ATTRACTION...
by soileconomy Mon Jul 17, 2017 7:15 am

» Will HARRY JAYAWARDENA lose his entire business helm
by soileconomy Mon Jul 17, 2017 7:05 am

» CSE BULL UNDER YAHAPALANAYA
by predictor Mon Jul 17, 2017 12:02 am

» LEASING GIANT PLC WITH NEW MANAGEMENT...TARGET PRICE 20
by ddrperera Sun Jul 16, 2017 10:49 pm

» H. Port in the Queue now.......
by stockback Sat Jul 15, 2017 9:43 pm

» DPL..........WINNERS CAN buy............!
by Teller Sat Jul 15, 2017 4:44 pm

» ABANS FINANCE UNDER INVESTIGATION BY CSE AND SEC?
by fortuneteller Sat Jul 15, 2017 12:11 pm

» TILE Sector
by bonbon Fri Jul 14, 2017 8:55 pm

» Market 40 points up
by prabath Fri Jul 14, 2017 4:51 pm

» Commodities & Indices Trading In Sri Lanka made easy by forex4srilanka
by forex4srilanka Fri Jul 14, 2017 1:44 pm

» Sri Lanka Royal Ceramics increasing production of porcelain tiles
by Harry82 Fri Jul 14, 2017 12:07 pm

WORLD BANK SUPPORT

View previous topic View next topic Go down

WORLD BANK SUPPORT

Post by Yahapalanaya on Thu Jul 13, 2017 6:24 am

[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.
avatar
Yahapalanaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1177
Equity Stars : 2084
Reputation : 34
Join date : 2015-06-07
Location : North America

Back to top Go down

Re: WORLD BANK SUPPORT

Post by Maharaja on Thu Jul 13, 2017 8:14 am

News for the market to turn into BULL mode !!!!



Maharaja

Maharaja
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 192
Equity Stars : 1120
Reputation : 10
Join date : 2015-05-15

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 326088 messages in 50104 subjects
Who is online?
In total there are 129 users online :: 10 Registered, 0 Hidden and 119 Guests

ddrperera, DS Wijesinghe, Harry82, kjojo, lakmal87, rizan666, sameboy, sureshot, thankrishan, worthiness

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.