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Sri Lanka’s ambassador urges ADB and World Bank to take bigger role in debt restructure
Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors -the Asian Development Bank (ADB) and the World Bank – are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka’s Ambassador to China Palitha Kohona told the Global Times in an exclusive interview.
He also called for more assistance from partners after the debt-ridden country claimed bankruptcy and imposed a state of emergency amid escalating protests and persisting shortage of daily necessities.
“The IMF visited Sri Lanka at the end of last month, and judging by the report we received, the official discussions were very satisfactory. We have appointed a team of legal advisors in London, and a team of experts who understand debt restructuring from the West,” Kohona said. But he noted that discussions with the IMF are only at a preliminary stage, and once the new government is installed, there will be a new arrangement for the next meeting with the IMF.
Kohona said it is hoped that terms and conditions attached to the IMF package will not be “onerous.”
“It’s inevitable that whenever the IMF comes along we will have to tighten our belt, but in some cases it’s difficult because the belt is already on the last notch. We’re worried that the IMF may insist that we curtail our state-funded health care system. The education system which is free from grade one to university level might be another area the IMF recommends to cut. These may add to the unrest,” Kohona explained.
Sri Lanka’s largest creditors are international financial organizations like the World Bank and the ADB, and a substantial amount is also owed to other institutional investors from the West, for example the Wall Street. While calling on those organizations to take a bigger role, Kohona also hopes more bilateral partners will provide more assistance to help the country overcome its difficulties.China and Japan each held about 10 percent of Sri Lankan debt. Kohona disclosed that about $1 billion, out of Sri Lanka’s $7 billion foreign debt obligations for this year, is due to China.
China’s Foreign Ministry spokesperson Wang Wenbin said at a press briefing on Friday that Chinese financial institutions have actively approached and negotiated with Sri Lanka after the country stopped debt repayment, expressing willingness to properly settle matured debts owed to China and help it overcome difficulties.
“China is ready to work with relevant countries and international financial institutions to continue to play a positive role in supporting Sri Lanka’s response to current difficulties and efforts to ease debt burden and realize sustainable development,” Wang said, adding that as a friend and neighbor, China has been providing assistance for its socioeconomic development to the best of our capacity.
Recently, China has announced a total of 500 million yuan ($74 million) emergency humanitarian aid to Sri Lanka. On Thursday, the second batch of emergency humanitarian grain aid – 1,000 tonnes of rice – from China was handed over to Sri Lanka.
There have been large-scale protests about the government because of the severe material and energy shortages that Sri Lanka is facing, Kohona noted. Sri Lanka faces a gap in cooking oil, fertilizer, medicine, and even food stocks, which poses a huge challenge to Sri Lankans’ basic household cooking, transportation, medical needs, and preparation for the upcoming cultivation season.
On Thursday, President Gotabaya Rajapaksa officially resigned after landing in Singapore, and Prime Minister Ranil Wickremesinghe was appointed as acting president. Wickremesinghe declared a state of emergency across the country.
Kohona noted there are still protests in Sri Lanka against Wickremesinghe, and he is not clear whether the acting president will continue to hold this office for much longer. “This is very unsatisfactory, because the leadership of the country suddenly comes into question. So we are hoping that the constitutional provisions will be followed, and elections have to be held within a specified period to elect a new president,” he said.
Sri Lanka’s parliament will vote on a new president on July 20, according to the speaker of the Sri Lankan Parliament.
Kohona said he is confident that “whatever government in power will maintain excellent relations with China.”
“China is the major trading partner and investor of Sri Lanka, we have a strategic partnership between the two countries, whoever takes over the government after an election will maintain the confidence of the Chinese government as well as the goodwill of the Chinese people,” he noted.
In recent years, Chinese-invested projects under the Belt and Road Initiative (BRI) such as the Hambantota Port have largely improved local people’s livelihood and propelled the country’s growth.
On Thursday, the Chinese Embassy in Sri Lanka held a video conference with Chinese firms in Sri Lanka, guiding them on how to strengthen security work and cope with demonstration and safety events. Kohona said there has been no threat to Chinese projects or Chinese personnel in Sri Lanka.
“BRI investments are critical in the Sri Lankan economy after the situation stabilizes. It not only brought foreign exchange, but also generated employment,” he said, adding that the embassy is encouraging a number of Chinese renewable energy companies to establish projects in Sri Lanka. (Courtesy The Global Times)
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Discussion on Anuradhapura Sacred City Development Plan
A discussion on the Anuradhapura Sacred City Development Plan was held on Wednesday (30) afternoon at the Presidential Secretariat, under the leadership of Chief of Presidential Staff Prabath Chandrakeerthi and Acting Deputy High Commissioner/First Secretary of the High Commission of India Roshini Thomson.
During Indian Prime Minister Narendra Modi’s official visit to Sri Lanka, he had expressed his agreement to provide assistance for a Sacred City development project when he visited the Jaya Sri Maha Bodhi in Anuradhapura.
Accordingly, the Urban Development Authority and the Department of National Physical Planning have proposed jointly implementing development activities in the Anuradhapura Sacred City.
The draft proposal prepared jointly by the Urban Development Authority and the Department of National Physical Planning has already been submitted to the High Commission of India, and the discussion focused on the proposal.
President Anura Kumara Dissanayake also recently held discussions with the Maha Sangha and all relevant stakeholders regarding the Anuradhapura Sacred City Development Plan, and instructed officials to expedite the project.
The initial cost of implementing the Anuradhapura Sacred City Development Plan is currently estimated at Rs. 7.7 billion. The Government of India is expected to provide the financial contribution required for the project, which is expected to commence before the end of this year.
Under the project, a range of development programmes are to be launched while preserving the antiquity and religious character of the Anuradhapura Sacred City. These will include renovating access roads, ensuring the proper disposal of waste, improving sanitation facilities and restoring all dilapidated sites.
Second Secretary (DC) at the High Commission of India Ramya C. S., Director General of the Department of National Physical Planning W.T.H. Ruchira Withana, Director General of the Urban Development Authority D.M.D.S. Dissanayake and Director of the Department of External Resources Chandrika Senanayake, along with senior officials of the High Commission of India and officials from relevant institutions, were among those present at the occasion.
[President’s Media Division (PMD)]
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India enter Asian Games final after Kishan and Bumrah ride roughshod over Sri Lanka
Defending champions India registered their biggest T20I win against Sri Lanka to make the final of the 2026 Asian Games men’s competition in Nisshin on Thursday.
A day after the ODI side chased down 406 against West Indies like it was child’s play on a flat Guwahati pitch, the T20I side scraped their way to 169, well above-par on a treacherous track filled with cracks. Sri Lanka were no match after that.
The result sets up the first India vs Pakistan final of 2026, and there will be a gold medal at stake.
Sri Lanka were a touch unlucky as Ishan Kishan miscued many aerial shots but they all fell in no-man’s land. But Nuwanidu Fernando did drop Kishan on 56, and that didn’t help as he went on to make 80* in just 46 balls. There were a couple of balls that misbehaved wildly, and it was a sign of things to come.
The chase felt like an act of cruelty against batters. Jasprit Bumrah bowled Test lengths and added new degrees of unplayability to the existing ones. Axar Patel bowled 14 dots and got a two-for and India finished the game with a team hat-trick. On top of all that, Sri Lanka suffered three run outs, two of which were of top-four batters.
In the end, they were rolled over for 45, the second lowest total in men’s games at the Asian Games and the joint-lowest total for a Full-Member team in men’s T20Is, alongside West Indies’ 45 against England in 2019.
India picked four spinners in their XI and Sri Lanka three in what was their first bit of action at the competition after their quarter-final fixtures were rained out. It proved to be the right strategy as spinners bowled 83% of all the balls bowled (149 out 179) across the 29.5 overs of play. They took 12 wickets, bowled 73 dots and went at an economy of 6.56. The quick bowlers conceded 44 runs in 30 balls. Bumrah’s share in that: 2 for 7 in two overs.
The bowlers’ domination started early in the game as the weather held for the second game running on the day.
Both Abhishek Sharma and Sanju Samson fell to fingerspin while trying to open up the off side. Samson made room and looked to go inside out over cover and was beaten by extravagant spin, but went for it again and Tharindu Ratnayake fired the ball in to smash his stumps. Sahan Arachchige, who had Abhishek lob one to short third, then checked every form of deviation to knock over Shreyas Iyer – the ball angled in, dipped, drew the batter forward and turned away to hit the stumps.
In the chase, Sineth Jayawardena looked to take Bumrah on early and looked hapless as the ball seamed in to beat the across-the-line swing and hit him on the back leg in front of all three. Sohan de Livera fell victim to Bumrah’s exaggerated angle from over the wicket and nicked to the keeper. For the first time in a men’s T20I, India has taken two wickets before conceding a run.
The fifth ball of Bumrah’s second over trampolined off a length, seemed to pick up pace off the pitch, and needed Samson to leap right up to catch it. Nuwanidu, the batter, was lucky that the line of the ball was not straighter.
Despite the Bumrah threat, India did not turn to pace for the remainder of the innings. That was likely because Lasith Croospulle was run out by sharp work from Ravi Bishnoi at short third in the over before, and Arachchige and Ashen Bandara committing the cardinal sin of sweeping Axar and giving away their wickets.
Washington Sundar’s introduction with Sri Lanka on 18 for 5 did not faze Nuwanidu. The first ball spun big but went down leg. Next three balls had two sixes, the second an effortless twirl of the bat to send the ball over long-on. Then Nuwanidu went for a non-existent single to short third and Sri Lanka ran their way out to a point of no return.
In conditions where batting was far from easy, Kishan and Vaibhav Sooryavanshi found ways to maximise the strengths of their respective games.
Sooryavanshi opened up the off side repeatedly by either making room or standing still and slapping balls, even when they were angling in. He brought up India’s 50 with 4, 6, 4 off Tharindu Ratnayake but fell to Arachchige, in similar fashion to Abhishek, soon after. He made 38 off 21. Only behind Kishan’s 80 not out. The next highest individual score was Nuwanidu’s 15.
Kishan then walked out and hit two sixes in his first 12 balls. He waited for the bad ball and wasn’t going to miss out if he got one… or two. However, he had to take chances as Shreyas Iyer fell and Axar – promoted above Tilak Varma – got stuck. Kishan’s reverse sweep off Arachchige from a leg-stump line during this slowdown showed he could pull off risks on demand.
Both Axar and Tilak fell cheaply but took India past 100 with handy stands with Kishan, who forced errors out of bowlers and brought up a 33-ball fifty in the 17th. He could have been out twice in the next two balls but survived a ball that turned in a right angle and Nuwanidu’s drop at mid-off.
India hit four sixes and four fours in the last eight overs. Kishan hit all of them bar the last six, hit by Washington. That took them to 169 for 7, a par score in general, maybe twice the par on the day.
Scores:
India 169 for 7 in 20 overs (Vaibhav Sooryavanshi 38, Shreyas Iyer 13, Ishan Kishan 80*; Tharindu Ratnayake 2-32, Sahan Arachchige 2-28, Wanuja Sahan 1-17, Lasith Croospullle 1-25, Nuwanidu Fernando 1-20) beat Sri Lanka 45 in 905 overs (Nuwanidu Fernando 15; Jasprit Bumrah 2-07, Axar Patel 2-08, Washington Sundar 1-18, Abhishek Sharma 2-2, ) by 124 runs
[Cricinfo]
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I extend my heartfelt wishes to all the sons and daughters of our country for a Happy World Children’s Day – President
Children’s Day Message from President Anura Kumara Dissanayake:
“Children are the most valuable asset of a nation. Ensuring their physical and mental well-being and creating an environment conducive to their proper development is a primary responsibility of any government. Children’s imagination, aspirations and creativity will determine the shape and colour of the country tomorrow. The country we build for children must not merely be a country prepared to be handed over to them in the future; it must be a country that gives space to their dreams today, listens to their voices and provides opportunities for them to realise their potential.
For the best interests of children, we are taking the necessary steps to ensure equal access to education, guidance, social protection, opportunities for sport, leisure and recreation, proper nutrition and access to healthcare, while protecting children from all forms of violence and discrimination and safeguarding their rights.
Race, religion, economic status, geographical background or any other circumstance should not be a barrier to any child’s education or proper development. Every child should have equal and fair opportunities to realise their potential, pursue their dreams and create the future they wish for themselves. To this end, we have already begun the process of reforming the education system in Sri Lanka, transforming it towards a skills-based system suited to the new world, one that does not place a burden on parents or cause distress to children.
Our aim is to ensure that no child is left behind in the new Sri Lanka we are building, and to provide every child with opportunities for development in a safe environment. It should be emphasised that the fundamental objective of all the programmes being implemented, from expanding educational scholarships to securing the future of children growing up in child development centres and those in need of care, is to create a dignified and secure tomorrow for every child in the country.
It is the aspiration of every parent to give their children a better life than the one they themselves experienced. We are currently steering the country’s economy towards a correct and stable direction in order to provide children with a safe and happy childhood, free from the shadows of an unstable economy. At the same time, we have launched the national operation “A Nation United” (Ratama Ekata), bringing everyone together to free the younger generation from the menace of illicit drugs.
At a time when we are working towards the goal of building a safe and better country for children, I greatly appreciate the initiative of the Ministry of Women and Child Affairs in organising this year’s World Children’s Day celebrations under the theme “Strong Minds – Enriched Children”, declaring a National Children’s Day Week and conducting a range of meaningful programmes aimed at strengthening children’s rights, well-being, protection, education and freedom.
I extend my heartfelt wishes to all the sons and daughters of our country for a Happy World Children’s Day”.
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