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ADB country chief hopes Lanka could sustain policy reforms despite elections
ECONOMYNEXT –The Asian Development Bank (ADB) expects Sri Lanka not to reverse its International Monetary Fund-led policy reforms despite elections soon, the ADB Country Director for Sri Lanka Takafumi Kadono said.
The island nation has witnessed repeated reversals of policy reforms in the past due to greedy politicians who misled the people to vote for them by sowing the seeds of subsidy mentality with unsustainable debts at expensive borrowing costs, economists say.
That led the country into an unprecedented economic crisis in 2022 with a sovereign debt default. Sri Lanka is still struggling to come out of the crisis.
The IMF has strictly placed some reforms including in state sector enterprises, fiscal and monetary sectors.
Sri Lanka has implemented the painful IMF reforms so far including higher personal income taxes, but economists have raised concerns over the sustainability of the current reforms due to possible changes in the policies in the event of a new president or government comes to power after democratic elections.
“If that kind of reversal happens, we also cannot justify our support,” ADB Country Director for Sri Lanka Takafumi Kadono told EconomyNext on late on Wednesday.
“We do expect these policy reforms to be sustained. So that is our expectation. That is the premise which we are providing our budget support. If they reverse, the whole premise will be collapsed. That kind of policy reversal cannot happen.”
The island nation had sought IMF bailout package for 17 times including the ongoing support. However, the authorities have failed to complete most of the past IMF loan disbursements due to politically motivated contradiction with the global lender’s tight fiscal policies.
Sri Lanka has shown some signs of recovery in the third quarter of 2023 with the economic growth turned to positive from contraction for the first time in seven quarters.
However, opposition political parties have promised to revisit the IMF deal if they come to power.
Higher taxes, soaring cost of living, and lack of salary hike have made President Ranil Wickremesinghe’s government unpopulour among the public, analysts say.
Wickremesinghe has said the country will hold both presidential and parliamentary election by 2025.
Some government politicians have told EconomyNext that the higher taxes would be eased from April and the authorities will try their best to meet the IMF conditions for the third disbursement in June this year.
The presidential polls should be held by October this year, but opposition parties have said President Wickremesinghe is in the process to delay the poll.
However, Wickremesinghe’s office last week said Presidential Election will be held “within the mandated period”, without giving an exact time.It also said the General Election will be held next year, “according to the current timeline”.
Three Sri Lankan leopard cubs that were born at the Singapore Zoo on Jan 1 have now made their public debut at the facility.
The two males and one female, born to mother Yala and father Asanka, are the first of their species yo be born at the Singapore Zoo. The last successful birth in Singapore was recorded at the Night Safari three decades ago.
The triplets, which are the pair’s first litter, are among around 80 Sri Lankan leopards in zoos worldwide.
The species is listed as vulnerable on the International Union for Conservation of Nature (IUCN) Red List, with fewer than 800 individuals estimated to remain in the wild.
Visitors can now see the triplets at the Wild Africa exhibit, said the Mandai Wildlife Group in a statement on April 16.
The cubs can be found in the exhibit with their mother daily until mid-May and, subsequently, every Wednesday, Saturday and Sunday.
Yala with her cubs in their nest box, a month after their birth on Jan 1. (Straits Times)
A leopard cub investigating a piece of meat suspended from a tree – one of the several enrichment items in the Wild Africa exhibit designed to keep the cats mentally and physically stimulated. (Straits Times)
Mandai Wildlife Group curator Anand Kumar said it took nearly three years and close collaboration across continents to bring together a compatible pair of Sri Lankan leopards.
(Straits Times)
https://www.straitstimes.com/singapore/singapore-zoos-first-sri-lankan-leopard-cubs-make-their-public-debut?ref=top-stories
The Sri Lanka Navy has seized a local multi- day fishing trawler, it’s four man crew together with a consignment suspected to be narcotics off the Southern Coast of the island.
The vessel is presently being escorted to the Dikowita fisheries harbour for further investigations and legal proceedings.
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Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern and Southern provinces and in Monaragala district
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 15 April 2026, valid for 16 April 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern
and Southern 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 in the above table and it 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
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