News
Bangladesh reminds SL of its loan

Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided a positive outlook on the matter after a meeting with his Sri Lankan counterpart Nandalal Weerasinghe in the United States.The two governors held a discussion on the sidelines of the Annual Meetings of the International Monetary Fund and World Bank at the World Bank headquarters in Washington, DC on Tuesday.
Bangladesh Bank Chief told the reporters on Thursday that Bangladesh gave $200 million to Sri Lanka under a currency swap agreement, but due to the economic crisis, Sri Lanka could not return the money on time.Bangladesh Bank Governor has said that Bangladesh extended the loan payment period twice at the request of Sri Lanka.Talukder said that Sri Lanka is supposed to repay the US$ 200 million loan in three installments in February and March next year.
On the talks with Weerasinghe, Talukder said, “We had a very good meeting. The governor assured me that they will meet the deadline for repayment. They are now restructuring their debts and have spoken to India, Japan and China about it.”
He told reporters that Sri Lanka is also working on a deal with the IMF that has also been roughly confirmed. “A final agreement on the programme will probably be reached between November and December.”
Last year, Bangladesh agreed to give Sri Lanka loans of at least $200 million from its foreign exchange reserves under a currency swap deal.The Bangladesh Bank released $50 million as the first tranche under a currency swap deal to support the poorly-rated Sri Lanka on August 19, 2021. The second tranche amounting to $100 million was released on August 30, 2021 and the final instalment worth $50 million was released on September 21, 2021. The credit was to be repaid in installments over three months, the central bank said at the time. But as the economic and political crisis in Sri Lanka worsened, its external debt became unsustainable. With political stability gradually being restored, Sri Lanka is now moving towards repaying its debts, BD News reported.
News
Gnanasara Thera urged to reveal masterminds behind Easter Sunday terror attacks

Religious and civil society leaders have called upon Ven. Galagodatte Gnanasara Thera to share whatever information he claims to possess with regard to the Easter Sunday terror attacks and their masterminds.
Addressing the media at the Centre for Society and Religion in Colombo, Lawyer Manoj Nanayakkara said Ven. Gnanasara Thera claimed to have information related to the terror attacks and the masterminds behind them.
“The question is why he does not go to the law enforcement agencies and share the information he claims to possess. There is no purpose in making such statements at press conferences. As a citizen, his duty is to share this information with the investigating authorities. Therefore, we believe that Gnanasara Thera is engaging in a political ploy at the behest of someone else. He should be aware that intentionally withholding information about a brutal massacre and failing to share it with the investigating authorities is an offense punishable under the Penal Code,” Nanayakkara said.
Nanayakkara mentioned that 71 months had passed since the Easter Sunday attacks, yet justice has not been served for the victims.
He called on President Anura Kumara Dissanayake to begin implementing the recommendations outlined in the Special Presidential Commission of Inquiry that investigated the Easter Sunday terror attacks, without further delay.
“We are approaching the sixth anniversary of this heinous crime, which claimed nearly 275 lives and injured twice as many others. President Dissanayake promised to conduct a fresh investigation into this crime. In the meantime, he could implement the recommendations of the Special Presidential Commission that probed the Easter Sunday terror attacks. This would demonstrate that the current government is keeping its word to deliver justice to the victims,” Nanayakkara said.
Rev. Fr. Julian Patric Perera, Rector of St. Joseph Vaz Deva Dharma Niketanaya, also addressed the press conference.
By Norman Palihawadane
News
IMF asks SL to maintain reform momentum to stabilise economy

The International Monetary Fund (IMF) says that the economic recovery is gaining momentum in Sri Lanka but it remains vulnerable, making it critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved.
Speaking during the IMF’s weekly press briefing, IMF Spokesperson Julie Kozack stated that the fourth tranche of $334 million was made available to Sri Lanka to support its economic policies and reforms, immediately after the Executive Board approved the Third Review.
“On Friday, February 28th, the IMF Executive Board approved the Third Review under the EFF (Extended Fund Facility) arrangement for Sri Lanka. And this provided the country with immediate access to $334 million of support.”
“So, yes, once the Board approved that Third Review, the $334 million was made available to Sri Lanka to support its economic policies and reforms. And with this $334 million, it brings total financial support from the IMF to Sri Lanka to $1.34 billion”, Kozack confirmed.
Furthermore, the IMF Spokesperson said that reforms in Sri Lanka are bearing fruit and that the economic recovery is gaining momentum.
She noted that inflation remains low in Sri Lanka, revenue collection on the fiscal side is improving, and international reserves are continuing to accumulate.
Economic growth reached 5 percent in 2024, and that was after two years of economic contraction, she added, highlighting that the IMF do expect the recovery to continue in 2025.
“These are all very positive developments for Sri Lanka and for the people of Sri Lanka”, Kozack expressed.
Meanwhile, the IMF Spokesperson also mentioned: “All of this said, the economy still does remain vulnerable, and, therefore, it is critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved.”
In response to a question raised by a journalist on the IMF’s take on the proposal to list Sri Lanka’s State-Owned Enterprises (SOEs) in the Colombo Stock Exchange given that the programme also calls for extensive reforms in SEOs, Kozack denied a comment, stating, “I don’t have anything for you on that regarding the SOEs, but we’ll come back to you bilaterally.”
News
Ravi K. accuses two individual of undermining UNP

New Democratic Front MP Ravi Karunanayake has accused two prominent members of the UNP of deliberately destabilising the party.
Speaking at a media briefing, MP Karunanayake stated that it was clear these two individuals were working to undermine the UNP.
He went on to claim that party leader Ranil Wickremesinghe had been “taken hostage,” by those individuals.
“I am currently the only member capable of presenting the UNP’s programmes in Parliament. Yet, these two members have shown us no respect, treating us like outsiders and excluding us from key decisions,” Karunanayake said.
“We are not even being informed about party meetings; this is clearly a stepmotherly treatment.”
Karunanayake further claimed that the two individuals were only focused on fighting for leadership positions within the party, such as the Chairmanship or the post of General Secretary, instead of prioritising unity and collaboration for the party’s future.
The MP also expressed concern that the actions of these individuals might be part of a larger conspiracy, questioning whether they were being orchestrated by external forces.
In response to rumours suggesting that he had approached the SJB, Karunanayake strongly denied the claims, asserting that such rumours were being spread by the two members working to undermine the UNP.
“These rumours are nothing more than attempts to discredit me, orchestrated by those who are sabotaging the party from within,” he said.
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