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Importance of ‘fair play’ by all stakeholders of the economy in countering the current unprecedented economic crisis

Monday, 01 August 2022

The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of forex liquidity has affected the provision of essential imports, including fuel. To ensure adequate foreign exchange liquidity in the banking system, the CBSL had to impose surrender requirements on export earnings. Further, measures were taken by the Government and the CBSL to discourage foreign exchange outflows, such as imposing restrictions on certain imports and payment terms and introducing margin requirements, while encouraging foreign inflows through the banking system, rather than those being channelled through the grey market. The success of these regulatory measures and the ability to achieve the intended outcomes depend on the support and cooperation from the trading community and the banking system. However, it has been brought to the notice of the CBSL that certain market players are not being fully compliant with these regulations. Such practice, if continued, would deprive the people of the support expected from the Government in difficult times, while undermining the moral obligation of ‘equal burden sharing’ that is expected of all stakeholders under difficult and extraordinary circumstances.

Sri Lanka presents its second Voluntary National Review on the achievement of the Sustainable Development Goals (SDGs)

Thursday, 21 July 2022

Sri Lanka presented its second Voluntary National Review (VNR) on the achievement of the Sustainable Development Goals (SDGs) today (15) at the High Level Political Forum (HLPF), convened under the auspices of the United Nations Economic and Social Council in New York.  

Sri Lanka Mission in New York co-hosts ‘Facets of Sri Lanka’ tourism promotion event with Turkish Airlines and Jetwing Travels

Friday, 17 June 2022

‘Facets of Sri Lanka’, an event showcasing the many lures that Sri Lanka offers to its visitors  was held at the premises of the Sri Lanka Mission to the United Nations in New York on 14 June  2022. 

 

Statement by the Minister of Foreign Affairs of Sri Lanka at the 50th Regular Session of the United Nations Human Rights Council in Geneva on 13 June 2022

Monday, 13 June 2022

Mr. President,
 
Sri Lanka has regularly shared our progress and challenges in an open exchange with this Council and other organs of the United Nations. It is in this spirit of transparency, candour and openness that I make this address to the current session of the Council.