The Central Bank of Sri Lanka launched the Sri Lanka Green Finance Taxonomy at the John Exter International Conference Hall of the Central Bank on 06 May 2022. The Sri Lanka Green Finance Taxonomy is a classification system, which defines and categorizes economic activities that are environmentally sustainable, and is a key action item outlined in the Roadmap for Sustainable Finance of Sri Lanka introduced by the Central Bank in 2019. The Taxonomy has been prepared in line with the international best practices, while harmonizing for local context, hence it is expected to enable financial market participants to raise low-cost funding for green activities through both domestic and foreign markets.
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Central Bank of Sri Lanka Launched the Sri Lanka Green Finance Taxonomy
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On year-on-year basis, CCPI based headline inflation continuously increased to 29.8% in April 2022
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 29.8% in April 2022 from 18.7% in March 2022. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Subsequently, Food inflation (Y-o-Y) increased to 46.6% in April 2022 from 30.2% in March 2022, while Non-Food inflation (Y-o-Y) increased to 22.0% in April 2022 from 13.4% in March 2022.
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The Central Bank of Sri Lanka Releases its Annual Report for the Year 2021
In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy second Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented today (29.04.2022) to Hon. M U M Ali Sabry, the Minister of Finance, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka.
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Sri Lanka Purchasing Managers’ Index - March 2022
Purchasing Managers' Indices for both Manufacturing and Services activities expanded in March 2022.
Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet at a slower rate than the previous years.
Services sector PMI recorded an index value of 51.3 in March 2022 indicating an expansion across the services sector.
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“A Guide to Payment Services in Sri Lanka” - a Booklet on Payment Instruments and Infrastructures in Sri Lanka
The payment industry in Sri Lanka is currently undergoing a rapid change due to the introduction of new payment instruments, methods and processes. Along with the traditional payment methods, these new payment processes have completely redefined the customer experience and enabled businesses and consumers to conduct their financial transactions safely and efficiently.
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Message to Sri Lankans living abroad from Dr. P Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka
Currently Sri Lanka is facing social, economic and financial distress creating hardships to its people due to the long lasting impact of the COVID-19 pandemic, global political imbalances and macroeconomic imbalances of the country. Although the authorities are taking measures to address the above situation of the country, including taking steps to actively manage its debt obligations, finding immediate financial assistance from other nations and progressing at the discussions with the International Monetary Fund for a comprehensive programme, the positive impacts of such measures will benefit the people only in the medium to long term. Therefore, urgent measures are needed to enhance the foreign reserve position of the country to meet its day-to-day essential imports including food, fuel and medicine.
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Message by the Governor of the Central Bank of Sri Lanka
As the newly incumbent Governor of the Central Bank of Sri Lanka (CBSL), I am delighted that Mr. Sanjeeva Jayawardena, President’s Counsel and Dr. (Mrs.) Ranee Jayamaha, appointed members of the Monetary Board, have acceded to continue to serve on the Monetary Board, as they have always acted very independently, impartially, professionally and diligently, and have very positively contributed to all endeavors of the CBSL, while serving as members of the Monetary Board in the past. As I have the fullest faith and confidence in their complete professionalism, I look forward to receiving their continuing contribution and valuable guidance to the Nation, the Monetary Board and to me, as the Governor.
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Request for Proposals - Financial Advisor & Legal Consultant (Deadline Extension)
The Government of Sri Lanka through Ministry of Finance has published the Request for Proposals (RfPs) from interested parties/ agencies for the appointment of Financial Advisors and Legal Consultants for managing its external debt sustainability.
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Functioning of Banks on 11 and 12 April 2022
Public is informed that all licensed banks will be opened for normal banking business on 11th and 12th of April 2022.
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Monetary Policy Review: No. 03 of 2022 (Detailed Version)
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08 April 2022, decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent, respectively, effective from the close of business on 08 April 2022.