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

1 day ago

Pakistani bating line collapses again

Aug 30 2014 8:06am CDT | Source: The Nation - Pakistan

Colombo- With a dismal performance in a decisive one-day international against Sri Lanka, Pakistani bating line collapsed again; all out for 102. Pakistan captain Misbah-ul Haq won the toss and chose to bat in the third ODI in Dambulla today. All batsmen were out in 32.1 overs. Nine wickets fell at 88 and the final wicket collapsed at 102. Pakistan welcomed back spin spearhea ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
10

2 days ago

River Kwai film bridge to be rebuilt

Aug 29 2014 1:18pm CDT | Source: BBC News

Sri Lanka is to rebuild the replica bridge destroyed in an iconic scene from the film Bridge on the River Kwai, as part of a tourism drive. ...
Source: BBC News   Full article at: BBC News
 

 
Update
9

3 days ago

Ajmal’s suspect action: PCB prepared for worst

Aug 28 2014 2:00pm CDT | Source: The Nation - Pakistan

KARACHI - Pakistani cricket authorities are prepared for the worst possible scenario in the Saeed Ajmal bowling action case. An official in the Pakistan Cricket Board (PCB) said on Wednesday that Ajmal had joined the Pakistan squad in Sri Lanka for the final one-day international. "We have been told we will be informed about the find ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
8

5 days ago

All-round Perera shatters Pakistan

Aug 26 2014 2:00pm CDT | Source: The Nation - Pakistan

HAMBANTOTA - Thisara Perera smashed 65 off 36 balls and then grabbed three wickets as Sri Lanka thumped Pakistan by 77 runs in the second one-dayer on Tuesday to level the three-match series 1-1. Sri Lanka recovered from 194-6 to post a commanding 310-9 in their 50 overs after electing to bat, before dismissing Pakistan for 233 in 43.5 overs in the day-night match in Hambantota. Pakist ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
7

6 days ago

TESO pats Modi, calls for political solution in Sri Lanka

Aug 26 2014 4:40am CDT | Source: Business Standard

Tamil Eelam Supporters Organisation (TESO), headed by DMK president M Karunanidhi, today lauded the Narendra Modi regime for coming forward to find a political solution for the Tamils issue in Sri Lanka and urged ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

6 days ago

Muthoot Finance picks up 30% stake in Lankan NBFC for $ 2.1 million

Aug 25 2014 8:54am CDT | Source: Business Standard

Facing growth headwinds following regulatory tightening, leading pure-play gold financier Muthoot Finance today announced branching out to neighbouring Sri Lanka by acquiring a 30 per cent stake in Asia Ass ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

6 days ago

Sri Lanka vs. Pakistan, 2nd ODI: Where to Watch, Preview and Betting Odds

Aug 25 2014 7:09am CDT | Source: IBTimes UK

Sri Lanka face Pakistan in the second ODI on Tuesday. Find out how to follow the m ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
3

1 week ago

Sohaib, Fawad stun Lanka in first ODI

Aug 23 2014 2:00pm CDT | Source: The Nation - Pakistan

HAMBANTOTA - Sohaib Maqsood and Fawad Alam put on a 147-run stand as Pakistan recovered from the brink to defeat Sri Lanka by four wickets on Saturday and take the lead in the three-match series. The tourists, chasing a Duckworth-Lewis target of 275 in 45 overs, fought back after being 106-5 to scrape home off the penultimate ball of the match in Hambantota. Maqsood remained unb ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
2

1 week ago

Sri Lanka must ensure justice for Tamils, says Modi

Aug 23 2014 6:28am CDT | Source: HeadlinesToday.in

Modi assured the Tamil National Alliance (TNA) delegation of India's continuing support for relief, rehabilitation and reconstruction works in nor ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
1

1 week ago

Ajmal to miss first ODI for tests on his action

Aug 22 2014 2:00pm CDT | Source: The Nation - Pakistan

KARACHI- Under-scrutiny Pakistan off-spinner Saeed Ajmal will miss part of his side's one-day series against Sri Lanka as he undergoes tests on his bowling action in Australia, officials said Friday. The 37-year-old, ranked number one in one-day internationals and Pakistan's main bowling weapon, had his action reported as suspect dur ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Man with 'disconnected' brain, alive and kicking at 88!
New York, Sep 1 (IANS) This may sound and read unbelievable but there is an elderly man whose brain has no neural fibre connection between his two hemispheres!
 
 
Ebola toll in Guinea 460
Conakry, Sep 1 (IANS) At least 690 Ebola virus disease cases have been confirmed in Guinea, out of which 460 people have died, the latest data released by the health ministry here shows.
 
 
Caffeinated 'energy' drinks bad for heart
London, Sep 1 (IANS) "Energy" drinks which are so popular during physical exercise and even otherwise among children and younger adults can cause heart problems, a research shows.
 
 
Nepal too to restructure national plan panel
Kathmandu, Sep 1 (IANS) After the new Indian government decided to scrap the Planning Commission, the Nepal government also has decided to restructure, revamp and modernise its National Planning Commission (NPC), which is styled on the Indian planning panel.
 
 
 

Latest from the Network

Modi makes a veiled attack on global powers
Tokyo, Sep 1 (IANS) In a veiled attack on the global powers, Prime Minister Narendra Modi said Monday that the world was witnessing expansionism as seen in the 18th century but it needed to take the path of development...
Read more on Politics Balla
 
1,420 people killed in Iraq in August: UN
Baghdad, Sep 1 (IANS) A total of 1,420 Iraqis have been killed and 1,370 injured in terrorist attacks and violence during August, the UN Assistance Mission for Iraq (UNAMI) said in a statement Monday. The statement...
Read more on Politics Balla
 
Flamengo extend winning streak in Brazil's Serie A
Rio de Janeiro, Sep 1 (IANS) Alecsandro converted a late penalty to hand Flamengo a 2-1 victory over Vitoria in Brazil's Serie A championship. The veteran striker coolly netted from the spot after Juan handled Gabriel...
Read more on Sport Balla
 
Man with 'disconnected' brain, alive and kicking at 88!
New York, Sep 1 (IANS) This may sound and read unbelievable but there is an elderly man whose brain has no neural fibre connection between his two hemispheres! For a layman, human brain is divided into two hemispheres...
Read more on Apple Balla
 
Ebola toll in Guinea 460
Conakry, Sep 1 (IANS) At least 690 Ebola virus disease cases have been confirmed in Guinea, out of which 460 people have died, the latest data released by the health ministry here shows. A total of 143 patients were...
Read more on Business Balla
 
Southern African Development Community discusses Lesotho coup attempt
Pretoria, Sep 1 (IANS) The Southern African Development Community (SADC) Monday continued its meeting here on the attempted coup by Lesotho's military. Present at the meeting were SADC Chairman and South African...
Read more on Politics Balla
 
Iraqi forces recapture key town
Baghdad, Sep 1 (IANS) Iraqi security forces Monday recaptured the town of Sulaiman Beg in Salahudin province after more than two months of being under siege by the Islamic State (IS) Sunni extremist organisation, an...
Read more on Politics Balla
 
Caffeinated 'energy' drinks bad for heart
London, Sep 1 (IANS) "Energy" drinks which are so popular during physical exercise and even otherwise among children and younger adults can cause heart problems, a research shows. "People sometimes consume a number of...
Read more on Celebrity Balla
 
Nepal too to restructure national plan panel
Kathmandu, Sep 1 (IANS) After the new Indian government decided to scrap the Planning Commission, the Nepal government also has decided to restructure, revamp and modernise its National Planning Commission (NPC), which...
Read more on Business Balla
 
Women at greater stroke risk from resistant hyper-tension
London, Sep 1 (IANS) The condition known as Resistant Hyper-tension increases stroke risk by 35 percent in women and 20 percent in elderly patients, according to new research. "Patients with hyper-tension that does...
Read more on Apple Balla