360° Coverage : Sri Lanka's peace dividends have waned: rating agency

11 Updates
Sri Lanka's peace dividends have waned: rating agency
Photo Credit: ISHARA S.KODIKARA, Getty Images

Sri Lanka's peace dividends have waned: rating agency

Jul 23 2013, 4:18am CDT | by IANS

Colombo, July 23 (IANS) International rating agency Moody's Investors Service said Tuesday that the policies of the Sri Lankan government have stabilized, although benefits from the post-civil war peace dividend have waned.

Colombo, July 23 — International rating agency Moody's Investors Service said Tuesday that the policies of the Sri Lankan government have stabilized, although benefits from the post-civil war peace...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Sri Lanka's peace dividends have waned: rating agency

Jul 23 2013, 4:18am CDT | by IANS

Colombo, July 23 (IANS) International rating agency Moody's Investors Service said Tuesday that the policies of the Sri Lankan government have stabilized, although benefits from the post-civil war peace dividend have waned.

Colombo, July 23 — International rating agency Moody's Investors Service said Tuesday that the policies of the Sri Lankan government have stabilized, although benefits from the post-civil war peace dividend have waned.

Moody's assessment was contained in its annual "Credit Analysis Sri Lanka" which assesses economic strength as low, institutional strength as moderate, government financial strength as low and susceptibility to event risk as moderate, reported Xinhua.

Sri Lanka's B1 sovereign bond rating reflects Moody's methodological assessment of these factors.

In July, Moody's revised the outlook on the sovereign rating to stable, from positive.

"The latest report is an update and does not constitute a rating action," Moody's said.

The report notes that while economic growth has slowed, to 6.4 percent in 2012 from an average of 8.1 percent in 2010 and 2011, the previous faster pace of growth was accompanied by an overheating of the economy.

The slowdown is primarily a result of the implementation of adjustment reforms in early 2012.

"Looking ahead, Moody's projects that growth will be 6 percent to 7 percent in 2013 and 2014. At this pace, inflation should remain in the single digit range, although the policies of the government will likely continue to have a growth bias," the report added.

Furthermore, although government debt has declined after the end of the nearly three-decade long civil war in 2009, debt reduction has stalled in the past two years and government bond yields widened in both nominal and real terms, as the fiscal payoffs from the peace dividend have dissipated.

Moody's expects the government debt to Gross Domestic Production (GDP) ratio to touch 80 percent in 2013 and 78 percent in 2014, broadly unchanged since 2011 and compared with 86 percent in 2009.

IANS

Source: IANS

 
Update
11

3 weeks ago

Modi govt 'playing' with lives of Indian fishermen: Vaiko

Nov 4 2014 1:55am CST | Source: Business Standard

Slamming the NDA government on fishermen issue, BJP ally MDMK today said it is 'playing with the lives of Indian fishermen' and its UPA-like approach towards Sri Lanka had emboldened Colombo to tre ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

3 weeks ago

India vs Sri Lanka, 1st ODI: Where to Watch Live, Preview, Betting Odds and Live Streaming Information

Nov 1 2014 7:09am CDT | Source: IBTimes UK

India face Sri Lanka in the first ODI on Sunday. Find out how to follow the match li ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
9

4 weeks ago

Virat Kohli slips to third spot in ICC ODI batsmen's rankings

Oct 28 2014 7:11am CDT | Source: HeadlinesToday.in

Virat Kohli will have a chance to climb up the ladder once again when India host Sri Lanka for the five-match ODI series starting from No ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
8

4 weeks ago

Ind vs SL: Dhawal Kulkarni replaces injured Shami for ODI series

Oct 27 2014 7:40am CDT | Source: HeadlinesToday.in

Indian speedster Mohammed Shami has been ruled out of the five-match ODI series against Sri Lanka following his t ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
7

4 weeks ago

Ind vs SL: Angelo Mathews claims Lanka unprepared for India tour

Oct 26 2014 10:25am CDT | Source: HeadlinesToday.in

Sri Lanka captain Angelo Mathews has revealed that his team is not well prepared for their ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
5

4 weeks ago

President of India Releases a Commemorative Postage Stamp on Anagarika Dharmapala

Oct 25 2014 5:50am CDT | Source: Business Standard

The President of India, Shri Pranab Mukherjee released a commemorative postage stamp on Anagarika Dharmapala at Rashtrapati Bh ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

4 weeks ago

BJP govt openly aiding Colombo, alleges Vaiko

Oct 25 2014 3:17am CDT | Source: Business Standard

Slamming BJP government's policy vis-a-vis Sri Lanka, party's Tamil Nadu ally MDMK today said that it was acting against the minority Tamils and warned that this may have its repercussions ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

4 weeks ago

Pakistan future brighter than expectations: Cheema

Oct 24 2014 2:00pm CDT | Source: The Nation - Pakistan

LAHORE - The future of Pakistan is brighter than our expectations. Uncertainty, inferiority complex and dishonesty are fatal disease of our society and it must be cured. Sri Lanka is much smaller country as compared to Pakistan but they have limited terrorism with courage and fortitude. These views were expressed by Inspector Gener ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
2

5 weeks ago

MS Dhoni rested, Virat Kohli to lead India against Sri Lanka

Oct 21 2014 6:59am CDT | Source: HeadlinesToday.in

The selection committee has decided to rest MS Dhoni and named Virat Kohli as Indian captain against the upcoming ODI series agains ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
1

6 weeks ago

Navy collaborates with NCC to provide experience of sea warrior to Cadets NCC given exposure in Navy's diplomatic role in building 'Bridges of Friendship' across the seas

Oct 11 2014 11:50am CDT | Source: Business Standard

In an initiative to intensify the interaction between the National Cadet Corps (NCC)and the Indian Navy, 10 NCC cadets, along with one staff member, are being provided the opportunity to sail twice a year onboard ships of th ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Ebola virus detected in semen three months after symptoms end
Geneva, Nov 28 (IANS/EFE) The World Health Organisation (WHO) warned Friday that the semen of men recovering from Ebola can contain the deadly virus up to three months after the symptoms disappear.
 
 
Hitachi evinces interest in developing Andhra ports
Hyderabad, Nov 28 (IANS) Japanese multinational conglomerate Hitachi has shown interest in developing ports in Andhra Pradesh.
 
 
Ebola test results now in 15 minutes!
London, Nov 28 (IANS) A 15-minute blood and saliva test for Ebola is to be tried in Guinea.
 
 
Japanese scientists develop hybrid silk using spider genes
Tokyo, Nov 28 (IANS/EFE) Japanese scientists have developed through genetic engineering using genes from spiders and silkworms a super resistant silk which could be used for textiles as well as in the surgical field, media reported Friday.
 
 
 

Latest from the Network

Apple Black Friday Sale Released
The Apple Black Friday 2014 Sale has launched online at the Apple Store. Apple has announced a huge charity promotion to fight AIDS for Black Friday and Cyber Monday. Apple will donate a portion of the sales the company...
Read more on Apple Balla
 
A look at Black Friday video game deals
All major retailers will be getting in the video game Black Friday spirit. PS4 and XBox One will certainly be two consoles that should garner huge sales but actual games should do good as well. One thing that is for...
Read more on Black Friday Countdown
 
Comics looking for event filled Black Friday
While video games and other electronic gadgets look to be the big draw on deals during Black Friday, comic book readers and fans will be able to find their fair share of deals as well. It has been announced that two...
Read more on Black Friday Countdown
 
Anna Kendrick positive after nude photo leak
Anna Kendrick is looking at the positives following the recent hacking of her nude photos. The 'Pitch Perfect' star - whose naked pictures were posted online by hackers earlier this year alongside other stars like...
Read more on Celebrity Balla
 
Benedict Cumberbatch hates selfies
Benedict Cumberbatch hates selfies. The 'Imitation Game' actor - who recently announced his engagement to Sophie Hunter - won't be personally taking any photos of him and his bride on their wedding day and instead would...
Read more on Celebrity Balla
 
James Franco filmed threesome with Zachary Quinto
James Franco and Zachary Quinto filmed a threesome for their new film 'Michael'. The actors took part in the sexy scene alongside the former 'Desperate Housewives' star Charlie Carver for the upcoming drama, according...
Read more on Movie Balla
 
UN condemns attack on British embassy vehicle
United Nations, Nov 28 (IANS) The UN Security Council (UNSC) has condemned the attack on a British embassy vehicle in Kabul, Afghanistan. "The members of the UNSC expressed their deep sympathy and condolences to the...
Read more on Politics Balla
 
Not all mosquitoes can transmit malaria
New York, Nov 28 (IANS) A genetic study has revealed that certain species of mosquitoes have evolved to better transmit malaria than even some of their close cousins. The study may advance understanding about the...
Read more on Business Balla
 
Rio judge ends Olympic golf course impasse
Rio de Janeiro, Nov 28 (IANS) A Rio de Janeiro judge has rejected a request by public prosecutors to suspend an environmental permit for work on the 2016 Olympic golf course. Judge Eduardo Antonio Klausner said there...
Read more on Sport Balla