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The Employees' Trust Fund (ETF) is a social security programme established on 1 March 1981 under the Act No.46 of 1980 by the Parliament of the Sri Lanka. [1] Contribution
As of 11 April, Sri Lanka had contributed US$5 million to the SAARC COVID-19 Emergency Fund and Pakistan $3 million, Bangladesh $1.5 million, Afghanistan and Nepal had given $1 million each, Maldives had given $200,000 while Bhutan $100,000.
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. [ 1] Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose.
Sri Lanka is an island nation located in the Indian Ocean. Sri Lanka joined the International Monetary Fund on August 29, 1950. [1] Since June 1965, Sri Lanka has taken 16 loans from the IMF, with a total value of 3,586,000,000 SDR's. The most recent of these loans was agreed to in June 2016, with an agreed total of 1,070,780 SDR's, and ...
Sri Lanka itself lifted the ban on the LTTE before signing the ceasefire agreement in 2002. This was a prerequisite set by the LTTE for the signing of the agreement. [194] [195] The Indian Government extended the ban on the LTTE on the grounds of "their strong anti-India posture and threat to the security of Indian nationals". [196]
Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. The ...
The Colombo Plan is a regional intergovernmental organization that began operations on 1 July 1951. The organization was conceived at an international conference, The Commonwealth Conference on Foreign Affairs held in Colombo, Ceylon (now Sri Lanka) in January 1950, and was attended by the finance ministers of Australia, the United Kingdom, Canada, Ceylon, Pakistan and New Zealand, and the ...
The Common Electronic Fund Transfer Switch (CEFTS) is a fully automated paperless fund transfer system which allows instantaneous fund transfers between member banks. [1] CEFTS is a real-time interbank fund transferring method and it is a vital integral part of Sri Lanka's trusted national payment network, which is operated by Lanka Clear under ...