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Govt. should not deviate from agenda of national needs in discussions to find solutions to crises – Eran
Member of Parliament of the Samagi Janabalavegaya, Eran Wickramaratne has said the country’s crises cannot be resolved only by agreeing to the agendas of multilateral agencies that provide assistance to find solutions to the crises that Sri Lanka is currently facing. When holding discussions with the International Monetary Fund, the government should adopt a strategy to discuss not only their agenda but also to include our agenda of national interest.
Wickramaratne said this while addressing the debate held in Parliament yesterday (10) on the President’s policy statement.
The MP said:
The International Monetary Fund has advised us to revise the electricity tariffs. It has also been said to restructure the balance sheet of the petroleum corporation. It is also said to increase the perimeter of the external credit limit. As of now, our foreign debt is about 30% of the total debt.
Dealings have to be negotiated with other parties who agree to assist in resolving issues. The unique problem for Sri Lanka is the non-availability of dollars. There are also issues with financial problems and a balance of payments related to the budget. But we have no problem with banks. If we do not engage in negotiations to protect our banking system, the emergence of another crisis cannot be avoided.
Wickramaratne asserted that Sri Lanka should not ever consider the domestic debt restructuring proposal in particular. We must be firm in that position. Otherwise, while trying to solve one problem, the country may be pushed into another problem. If a banking crisis occurs, it will take another decade to resolve it.
He said:
In the economic crisis we are facing, the huge problem is the national debt. According to government statistics on public debt, the percentage of debt received from China is 10%. 13% from the Asian Development Bank, 9% from the World Bank, and 47% from sovereign bonds (ISB). 10% from Japan, 2% from India and 9% from all other countries.
Statistics prove that China has actually given more than what was shown in the debt stock. The China Exim Bank has given loans directly to several SoEs with sovereign guarantees and the government has not reported them as government loans. These loans given to public corporations are also government loans and the government itself has to repay them. Also, in Foreign Currency Financing, the amount to be paid to China Development Bank is not included as public debt. From this point of view, the total amount of debt received from China is about 20%.
There are other facts that explain the magnitude of our crisis. Japan’s JICA has stopped the concessional loan of 570 million dollars given for the construction project of the second terminal building at Katunayake Airport. And China’s Exim Bank has also stopped US $ 51 million offered for the construction of the first phase of the Central Expressway from Kadawata to Mirigama, Also, the World Bank announced, on July 29, 2022, that it will not lend to Sri Lanka until macroeconomic stability is established.
“How can the government solve the country’s problems in the midst of such crises” asked Eran Wickramaratne.
The government should understand that these problems cannot be solved just as suggested by other parties involved in the discussion with the government. When holding discussions with the International Monetary Fund, the government should be strategic to include our agenda in the discussion, instead of merely agreeing to follow their agenda alone.
Focusing on the President’s policy statement, Eran Wickramaratne quoted as follows:
“It is imperative to completely eradicate bribery, corruption, and fraud from this society. I will implement a national anti-bribery and corruption policy. We are also approaching combatting corruption with the International Monetary Fund,” declared in that policy statement.
But how can we deviate from the culture of corruption in our country? The main reason for this culture is bribery and corruption. The current Prime Minister also then said that the current President robbed the Central Bank when he was the Prime Minister.
What is clear when studying the history of the last four decades is that there is no way to find out how much the public funds of this country have been looted more or less by the politicians and high officials like chain links by making use of the words democracy, religion, racism and national security in front of them.
Politicians protect their fellow officers who are accused of irregularities and theft. Officers protect their employers – the politicians – and, throughout history, these two parties have been seen sneaking through the loopholes of the law through a soul bond and Wickramaratne demanded that apart from politicians, professionals, too, should come forward in order to build the country.
News
Comprehensive reforms to be introduced in the higher education sector in line with primary and secondary education reforms – PM
Prime Minister Dr. Harini Amarasuriya stated in Parliament on Wednesday [06th of May] that the Government has planned to introduce relevant changes in the higher education sector aligning with the new reforms being implemented in the primary and secondary education sectors.
The Prime Minister made these remarks while responding to questions raised by Member of Parliament Manjula Sugath Rathnayaka.
The Prime Minister further stated:
“A special expert committee appointed for this purpose has been in operation over the past six months, and based on the report of this panel, existing issues in the higher education sector will be identified and the necessary reforms will be implemented.
A total number of 281,810 students sat for the 2025 G.C.E. Advanced Level Examination, of whom 176,538 qualified for university admission. Following the subject streams, the number of students who qualified is as follows: 32,935 in Biological Sciences, 23,012 in Physical Sciences, 39,608 in Commerce, 58,269 in Arts, 4,199 in the General Stream, 12,472 in Engineering Technology, and 6,043 in Bio-Systems Technology from which 42,937 students are expected to be admitted to universities.
While ensuring the quality of education, the Government gives priority to improving facilities for university students. It has also been decided to maintain the intake for first-degree admissions at the same level as in previous years.
A new course in Geographic Information Systems has been introduced at the University of Ruhuna, and a course in Electronic and Intelligent Systems Engineering has been introduced at the University of Peradeniya from the academic year 2025/2026. Fifty students will be enrolled for each of these new programmes. Steps have already been completed to release the cut-off marks and forward the registration lists to the respective universities”.
Responding to a question raised by the Member of Parliament K. Kader Mastan regarding preschool education, the Prime Minister stated:
“As most preschools in the country are managed by the private sector, the Ministry currently has no provision to offer permanent appointments or salaries to their staff. However, steps are already being taken to provide a certain allowance to volunteer teachers in selected preschools under Provincial Councils.
By 2027, the entire preschool education system is expected to undergo comprehensive reform, with necessary measures being jointly undertaken by the Ministry of Education and the Ministry of Women and Child Affairs.
In addition, based on the recommendations of the National Education Commission, a national policy to regulate preschool education is scheduled to be established in 2026. Under this policy, teacher guidelines and model activity manuals are being prepared, along with plans to conduct teacher training programmes at the provincial level”.
Commenting on volunteer teachers, the Prime Minister emphasized that, in accordance with the Cabinet decision dated 04.01.2007, the policy of not recruiting any volunteer teachers beyond the approved 4,700 teacher aides will continue to be implemented.
[Prime Minister’s Media Division]
News
Joint programme between President’s Fund and Janashakthi Foundation to expand healthcare facilities for children
A special collaboration between the Presidents’s Fund and the Janashakthi Foundation, aimed at expanding healthcare facilities available to children under the age of 18, was launched on Wednesday (06) morning.
Implemented under the theme “Building a Healthier Today for a Winning Tomorrow”, this national initiative has been introduced through the joint efforts of the President’s Fund and the Janashakthi Foundation with the objective of reducing the financial barriers associated with children’s healthcare.
Under the President’s Fund, only a portion of the medical expenses incurred by a patient is generally covered. However, under this new collaboration, the Janashakthi Foundation will provide either an equivalent amount or the remaining balance of the treatment cost, whichever is lower.
Speaking on the occasion, Secretary to the President’s Fund and Senior Additional Secretary to the President, Roshan Gamage, stated that the present Government had taken steps to decentralise and digitalise the operations of the President’s Fund, thereby transforming it into a truly people-centric fund. He noted that this had reinforced public confidence in the Fund’s transparency, accountability and effectiveness and added that the collaboration with the Janashakthi Foundation had further strengthened this process.
Gamage further stated that close and meaningful coordination with the private sector would help enhance healthcare assistance provided to children and minimise the gap between the financial aid available and the actual cost of essential medical treatment.
Also addressing the gathering, Managing Director and Group Chief Executive Officer of the Janashakthi Group, Ramesh Schaffter, stated that difficulties in accessing medical treatment constitute a major obstacle preventing children from progressing towards a better future.
He further stated that the collaboration seeks to reduce that obstacle by extending support to children who are in urgent need of assistance, thereby laying the foundation for future generations to face tomorrow with greater confidence.
Under this programme, applicants seeking additional financial assistance are required, when applying to the President’s Fund, to duly complete and submit a consent form authorising the secure sharing of their information with the Janashakthi Foundation.
The identification of children requiring financial assistance, verification of their information and approval of funds will continue to be carried out by the President’s Fund.
Under this initiative, payments will generally be made to the guardians of children following the completion of treatment. However, in cases involving emergency treatment and treatment conducted overseas, payments will be made in advance.
Applicants submitting medical assistance applications to the President’s Fund from 15 May 2026 onwards will be eligible to apply for additional funding from the Janashakthi Foundation.
The event, held at the Hilton Colombo, was attended by J.M. Wijebandara, Director General of Legal Affairs at the Presidential Secretariat and Advisor to the President (Legal Affairs); C.T.A. Schaffter, Founder and Chairman Emeritus of the Janashakthi Group; Gamika De Silva, Group Chief Marketing Officer; Dilshan Wirasekara, Deputy Chief Executive Officer of the Janashakthi Group; as well as officials of the President’s Fund and the Janashakthi Foundation.
President’s Media Division (PMD)
News
Maldivian President concludes state visit to Sri Lanka
The President of the Republic of Maldives, Dr. Mohamed Muizzu, departed Sri Lanka on Wednesday morning (06) from the Bandaranaike International Airport, Katunayake, concluding a successful state visit to the country.
The visit by the Maldivian President and his delegation further strengthened the longstanding friendship and cooperation between the Maldives and Sri Lanka, while delivering a range of mutual benefits to the peoples of both nations.
This marked President Muizzu’s first state visit to Sri Lanka, during which several mutually beneficial areas of cooperation were agreed upon, underscoring the success of the visit.
Minister of Science and Technology, Krishantha Abeysena, Minister of Youth Affairs and Sports , Sunil Kumara Gamage, Member of Parliament Oshani Umanga, along with senior officials of the Ministry of Foreign Affairs, were present at the airport to bid farewell to the Maldivian President, the First Lady and the accompanying delegation.
(President’s Media Division)
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