Nation Lanka Finance PLC (NLFP), a Licensed Finance Company under the Finance Business Act, No. 42 of 2011 (FBA), has continuously been violating/contravening the provisions of the FBA and several Directions and Rules issued thereunder. Further, the financial condition of NLFP, is not satisfactory due to deficient capital level, poor asset quality, continuous losses and failure in repaying depositors’ money on demand or at maturity, etc.
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Execution of Resolution Action on Nation Lanka Finance PLC [NLFP] under the Banking (Special Provisions) Act, No. 17 of 2023
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Central Bank Launches Transformative Financial Literacy Initiatives Towards Building a Financially Literate Sri Lanka
On 3rd July 2025, the Central Bank marked a significant milestone in its financial inclusion journey with the launch of several transformative initiatives under the Financial Literacy Roadmap of Sri Lanka, aligned with its broader vision of building a “Financially Literate Sri Lanka”. These initiatives reaffirm the Central Bank’s strong commitment to empowering the public with the knowledge, skills, and attitudes to transform their financial behavior for sound financial decision-making and sustainable economic wellbeing.
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IMF Executive Board Completes the Fourth Review Under the Extended Fund Facility with Sri Lanka
The IMF Executive Board completed the Fourth Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US$350 million) to support Sri Lanka’s economic policies and reforms. This is the fifth tranche Sri Lanka receives under the IMF-EFF and the total IMF financial support disbursed so far, accordingly, increases to SDR 1.27 billion (about US$1.74 billion). The IMF issued the following press release on 03 July 2025, which can be accessed from the link below.
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External Sector Performance - May 2025
The external sector of Sri Lanka strengthened further in May 2025, with a continued monthly surplus in the current account. Healthy inflows of workers’ remittances were observed, offsetting a widening trade deficit.
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CCPI based deflation eases further in June 2025
Deflation continued to ease in June 2025. Accordingly, the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) indicated a marginally lower rate of headline deflation, recording 0.6% in June 2025 compared to the deflation of 0.7% in May 2025.
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Sri Lanka PMI - Construction rebounded in May 2025
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as indicated by the Total Activity Index, rebounded to 59.7 in May 2025. Most of the survey respondents mentioned that construction activities regained momentum in May, recovering from the slowdown in the April festive season.
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Advertisements Promoting Overseas Property Investments
The Central Bank of Sri Lanka (CBSL) has recently observed advertisements published in the print and social media that promote overseas investments in immoveable properties (overseas property investments) among Sri Lankan resident individuals. Such advertisements also offer guidance on obtaining foreign financing for such investments.
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The Central Bank of Sri Lanka, Ministry of Finance, and the International Monetary Fund Co-host the Conference on Sri Lanka’s Road to Recovery: Debt and Governance
The Central Bank of Sri Lanka (CBSL), in collaboration with the Ministry of Finance and the International Monetary Fund (IMF), co-hosted the high-level conference on ‘Sri Lanka’s Road to Recovery: Debt and Governance’ on 16 June 2025 at the Shangri-La Colombo. The event brought together key policymakers, global stakeholders, as well as private sector and civil society representatives, to deliberate on Sri Lanka’s recovery under the IMF-supported reform programme.
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SL Purchasing Managers’ Index (PMI) – May 2025
Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in May 2025.
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Relief Measures to Assist the affected Small and Medium Enterprises
The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.