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Finance Secy. expects early resumption of ‘fresh financing for high quality priority projects’

Secretary to the Treasury Mahinda Siriwardana has said that the government hopes that the debt treatment chapter will soon be closed, and it would be possible to resume fresh financing for high quality, priority projects.
Siriwardana said so at the ‘2024 China Aid Training Alumni Reception’ at the Kingsbury Hotel, Colombo on Wednesday (30).
“We all know how complex and technically challenging this debt treatment process has been both in terms of ensuring compatibility with the IMF’s Debt Sustainability Analysis (DSA) as well as ensuring Comparability of Treatment with other creditors. This was possible with Chinese lenders, given the mutual trust and good faith demonstrated by both sides.”
Among those present were Chinese Ambassador Qi Zhenhong and Economic and Commercial Counsellor Tang Yandi.
Siriwardana appreciated what he called unwavering support in facilitating the successful participation of Sri Lankan public sector officials in various training programs in China over the past years.
“We have noted that, since its initiation, China has provided more than 8,000 training opportunities in various fields such as health, education, industry, and construction for public sector officials in Sri Lanka. It is impressive that Sri Lanka now receives nearly 1,000 training programmes each year from the Chinese government.”
Further, we cannot forget that China’s support for Sri Lanka has been instrumental in the country’s development, particularly in the realm of infrastructure and economic assistance. Over the years, China has invested billions of dollars in various projects, including ports. These investments aim to enhance Sri Lanka’s logistical capabilities and boost its position as a regional trade hub.
Furthermore, China has extended financial aid and loans to help Sri Lanka address its economic challenges, especially during times of crisis. Overall, China’s ongoing support plays a vital role in Sri Lanka’s aspirations for economic growth and modernization.
China has also played a pivotal role in supporting Sri Lanka’s debt treatment efforts in response to the unprecedented, deep and most complex economic crisis experienced since mid-2021. Exactly a year ago, in October 2023, China was the first among the official sector creditors to announce an Agreement in Principle (AIP) on the key financial terms for the treatment of debts owed by Sri Lanka to Exim Bank of China.
Subsequently, following cordial and constructive discussions, the two sides reached a final agreement on debt treatment terms in June 2024, on the same day when a similar MoU was signed with the Official Creditor Committee (OCC) comprising 17 official sector lenders to Sri Lanka and co-chaired by France, India and Japan. Subsequently, following the agreement coming into force, Exim Bank of China became the first external lender to conclude the debt treatment process. Excellent progress has also been made on the debt treatment relating to China Development Bank (CDB). We are now in the final stages of finalizing Comparability of Treatment (CoT) matters for CDB relating to the OCC.
Ambassador Zhenhong told the gathering that as a Chinese saying goes, “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” China’s foreign aid training is a concrete action to implement global development initiative raised by President Xi Jinping and an important measure to promote the building of a community with a shared future for mankind. China’s foreign aid training adheres to the concept of sharing, consultation and co-construction, builds a platform for countries to exchange experience in governance, and fully shares the successful experience of Chinese modernization. Since China launched foreign aid training programs in 1950, it has trained more than 510,000 people for developing countries.
The Chinese government attaches great importance to all-round educational cooperation with Sri Lanka. Over the years, it has used foreign aid funds to hold various training programs in China, inviting nearly 13,000 Sri Lankan friends of various circles to participate in seminars in China. By the end of October this year, more than 1,000 Sri Lankan participants went to China for training, and the training topics covered 17 major areas including public management, scientific research, information technology, economy and trade, education, health, agriculture, forestry, animal husbandry and fishery, resources and environment, and disaster management. Through mutual learning and exchanges, we have grown together and deepened the traditional friendship between our two countries.”
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Massive TN fishing fleet poaching in SL waters: Only India’s Central Govt. can halt it – Minister Chandrasekar

By Shamindra Ferdinando
Fisheries, Aquatic and Ocean Resources Minister Ramalingam Chandrasekar yesterday (13) emphasised that only the Central Government of India could prevent the Tamil Nadu fishing fleet from poaching in Sri Lankan waters.
The Minister said that the Central Government of India in consultation with Tamil Nadu should without further delay deploy the Indian Navy and Coast Guard to prevent large-scale organised crossing of the Indo-Lanka maritime boundary.
The JVPer said so when The Island asked him what he intended to do to curb poaching and the destructive fishing practice known as bottom trawling practised by the Tamil Nadu fishing fleet in our waters. “Our Navy and Coast Guard regularly conduct operations in the northern waters to deter the TN fishing fleet. But only India got the wherewithal to stop this menace,” Chandrasekar said.
Responding to another query, the lawmaker stressed that the NPP government would not hesitate to take a firm stand on the issue. “We believe that India should prevent TN fishing fleet from crossing the maritime boundary,” Minister Chandrasekar said, adding that during his interactions with relevant Indian authorities and diplomatic staff, including High Commissioner Santosh Jha, he had taken up the issue.
The Minister said that he had explained the difficulties experienced by the northern fishing community due to the Indian fishers stealing their catch, when Charles Callanan, Director, UNOPS South Asia paid a courtesy call on him recently. They may not intervene or comment on this matter but there was no harm in briefing them of the actual situation on the northern seas, the Minister said.
The people of the northern and eastern regions, too, overwhelmingly voted for the NPP, the lawmaker said, adding that therefore the problems faced by the northern and eastern fishers should be addressed.
Minister Chandrasekar said that President Anura Kumara Dissanayake had, during his three-day official visit to New Delhi in January, raised the issue at the highest level.
Asked whether he was aware of the protests that had been directed at Tamil National Alliance (TNA) leader S. Sritharan, MP, over his recent visit to see Tamil Nadu fishermen held at the Jaffna prison, Minister Chandrasekar said an NPP lawmaker too visited them. “We never sought media coverage for our visit to Jaffna prison,” Minister Chandrasekar said, adding that the government was determined to push for tangible solutions for recurring issues.
Acknowledging that various interested parties both here and in India sought political mileage at the expense of poaching by the Tamil Nadu fishing fleet, Minister Chandrasekar said that Sri Lanka had no option but to continue naval operations to deter encroachments.
Quoting northern fishers, Minister Chandrasekar alleged that at the rate Tamil Nadu fishing fleet stole Sri Lanka’s fisheries resources nothing would remain in 15 to 20 years’ time. The minister appreciated the efforts made by the navy to protect the interests of Sri Lankan fishermen.
Tamil Nadu poaching can be an issue at the forthcoming Local Government polls. There had been several incidents involving the navy and Tamil Nadu fishing vessels during the past couple of years. One incident claimed the life of a Special Boat Squadron man while two Indian fishers were shot and wounded in another. The second incident prompted India to summon Sri Lanka’s Acting HC in New Delhi to the Foreign Office where a warning was issued over the incident.
Minister Chandrasekar said that India should take meaningful measures to stop illegal fishing, thereby avoiding unnecessary incidents. The minister acknowledged that in spite of quite a number of arrests over the years, the Tamil Nadu fishing fleet seemed bent on continuing with the lucrative practice.
News
UNP invites SJB to join forces to contest CMC election

By Chaminda Silva
The UNP has extended an invitation to the SJB to join forces in contesting the upcoming Colombo Municipal Council elections. The UNP has given the SJB time until 20 March to convey its decision.
This move follows a discussion among senior UNP members, where the decision to grant additional time was made. UNP Chairman Wajira Abeywardena made the announcement during an event at the Sirikotha on 12 March.
Abeywardena further mentioned that if the SJB was open to expanding the alliance to include other local government bodies, such an announcement could also be made before 20 March.
In the meantime, the NPP has already submitted its security deposit for the Colombo Municipal Council elections, signalling their readiness to participate in the race.
News
Suspect wanted for aiding and abetting Middeniya triple murder nabbed at BIA

By Norman Palihawadane
A suspect wanted for aiding and abetting in the recent triple murder at Middeniya had been arrested at the Bandaranaike International Airport at Katunayake while attempting to flee to Dubai, police said.
The suspect, a 23-year-old man from Katuwana in Angulandeniya, was taken into custody by the CID. His arrest brings the total number of suspects taken into custody in connection with the murder to 13; they include two police constables and two army deserters.
The tragic shooting occurred on the night of 18 Feb., near the Kadewatta Junction in Middeniya, targeting a man identified as Aruna Vidhanagamage, alias ‘Kajja,’ who was travelling with his two children on a motorcycle. He was killed on the spot, while his critically injured children were rushed to nearby hospitals. The six-year-old daughter succumbed to her injuries shortly after arriving at the Tangalle Hospital, and the nine-year-old son died the following day.
Police suspect the murder was a revenge attack linked to the theft of a cannabis parcel belonging to a notorious drug trafficker, ‘Backhoe Saman.’ The arrested gunman, along with nine other suspects, reportedly confessed that he carried out the murder on a contract from ‘Backhoe Saman’ due to his own personal indebtedness.
The suspect, taken into custody yesterday, had been hiding in Diyatalawa before attempting to flee the country. He is expected to be handed over to the Middeniya Police for further questioning.
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