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SL’s request to join BRICS on hold as group decides not to expand for the moment -Vijitha
Foreign Minister Vijitha Herath yesterday told The Island that a section of the media had misinterpreted a decision taken by the current membership of BRICS not to expand the organisation for the moment as rejection of Sri Lanka’s application to join the organisation.
However, the grouping has accepted Sri Lanka’s request to become a member of their New Development Bank (NDB), Herath who is also the Cabinet spokesman said.
Established in 2015 by BRICS (Brazil, Russia, India, China, and South Africa), the NDB is a multilateral development bank aimed at mobilising resources for infrastructure and sustainable development projects in BRICS and other emerging markets and developing countries (EMDCs).
By providing such alternatives, BRICS countries challenge the influence of the U.S. and the West in global finance.
Meanwhile, the Ministry of Foreign Affairs has issued the following statement regarding Sri Lanka’s application for BRICS membership: “As approved by the Cabinet on 7 October 2024, Sri Lanka applied for membership in BRICS and the New Development Bank (NDB). The Minister of Foreign Affairs Vijitha Herath wrote to his counterparts in BRICS member countries informing of Sri Lanka’s interest to join. President Anura Kumara Dissanayake also wrote to his Russian counterpart in this regard.
At the BRICS Outreach Summit held in Kazan, Russia 22-24 October 2024, Foreign Secretary Aruni Wijewardane, as leader of the Sri Lanka delegation announced Sri Lanka’s interest. At the Summit, the BRICS Member States also endorsed a new category of Partner Countries, whilst ‘welcoming the considerable interest by countries of the Global South in BRICS’ (Kazan Declaration).
Pending requests for BRICS membership from many countries including Sri Lanka will be considered by BRICS member countries in due course.
Sri Lanka’s intention to join the New Development Bank was welcomed by the President of the New Development Bank. The Foreign Ministry together with relevant Government agencies will review the procedures and timing in this regard.
There is no truth in the statement carried in certain local media that “Sri Lanka’s BRICS application has been rejected”. It is regrettable that the points made by the Minister of Foreign Affairs at the post-cabinet media conference on 6 November 2024 have been misrepresented.”
News
Heat index at ‘Caution level’ in Northern, North-central, Eastern, North-western, Western provinces and Monaragala district today [09]
The Natural Hazards Early Warning Centre of the Department of Meteorology has issued a Warm Weather Advisory for 09 April 2025
The public are warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Northern, North-central, Eastern, North-western, and Western provinces and in Monaragala district.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned below is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated. Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
Prof. Jayasumana raises possibility of Lanka ending up with “Quad’
Opposition and SJB Leader Sajith Premadasa has said it is the responsibility of the NPP government to submit the MoUs/agreements that were recently signed with India to the respective Sectoral Oversight Committees (SOCs).
Premadasa said so when The Island raised the issue with him. He said that during his meeting with Premier Modi his focus had been on opening the Indian market for Sri Lankan garment exports.
The seven MoUs/agreements signed on 05 April included defence cooperation, energy, Eastern Province development and digitalisation.
Meanwhile, the Vice President of Sarvajana Balaya and former lawmaker Prof. Channa Jayasumana said that the government owed an explanation whether the recently signed MoU on defence cooperation directly or indirectly attached Sri Lanka to the Quad security alliance, consisting of the US, Australia, Japan and India.
The former SLPPer raised the issue at a meeting held at Boralesgamuwa on Monday (07) in support of Sarvajana Balaya candidates contesting the May 6 LG polls.
Prof. Jayasumana urged that the MoU on Defence Cooperation be placed before Parliament, and the people, without further delay. The academic who served as State Health Minister during President Gotabaya Rajapaksa’s tenure said that President Anura Kumara Dissanayake’s foreign policy direction should be dealt with.
By Shamindra Ferdinando
The government would not extend the suspension of ‘parate executions’ that was now effective, Deputy Minister of Finance Harshana Suriyapperuma told Parliament yesterday.
Suriyapperuma said so in response to a question raised by Opposition Leader Sajith Premadasa, who asked about the government’s plans regarding a relief package to assist small and medium-scale enterprises (SMEs) struggling to repay loans.
Pointing out that about 263,000 SMEs had closed down, Premadasa asked what action the government would take to address the grievances of these SMEs.
He said that from 01 Jan., 2019, to 01 Dec., 31, 2023, licensed banks had collected Rs. 113.7 billion through 2,263 parate executions. As of 31 Dec., 2024, Rs. 1,380 billion had been recovered from Stage III defaulters.
The government has introduced loan schemes to assist SMEs impacted by the economic crisis. They included capital loans of up to Rs. 10 million, with a six-month grace period and a three-year repayment term at 8% interest, Suriyapperuma said. Additionally, another loan scheme under the consolidated fund aimed to help SMEs that werecurrently paying their loans. That scheme offered loans of up to Rs. 15 million, which must be repaid over ten years with a one-year grace period and a 7% interest rate. For SMEs that had defaulted on their loans, a loan of up to Rs. 5 million is available at 8% interest, with a six-month grace period and a five-year repayment term, Suriyapperuma said.
By Saman Indrajith
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Heat index at ‘Caution level’ in Northern, North-central, Eastern, North-western, Western provinces and Monaragala district today [09]
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