News
Bridging finance dependent on agreement with IMF: Ranil
Prime Minister Ranil Wickremesinghe, during a meeting with representatives from the Joint Chambers of Commerce on Thursday, explained that the Government was targeting USD five billion for repayments and USD 1 billion to bolster the country’s reserves.
During the meeting, Wickremesinghe elaborated that discussions with the International Monetary Fund are proceeding and was hopeful that the negotiations would end this month.
He further explained that the debt restructuring has already begun, following the appointment of financial and legal advisers.
Prime Minister said that any bridging finance to help in alleviating the crisis is dependent on an agreement with the IMF being reached.
Commenting further, Wickremesinghe stated that talks were continuing with donor nations. He added that relations with Japan had broken down, and it would take a while to repair those relations and regain their confidence.
In regards to the medicine shortage, the Prime Minister explained that former Maldives President Mohamed Nasheed, who was appointed on May 19 to coordinate the relief efforts for the island nation, was leading the international appeal for urgently needed medical supplies.
Addressing the issue of food scarcity, the Prime Minister explained that securing fertilizer and compiling a food security program were being given equal priority. He explained that in the event of any excess crops, those would be provided to vulnerable groups at a concessionary rate.
The Cabinet of Ministers approved the resolution furnished by the Minister of Agriculture, Livestock, Lands and Irrigation to appoint Ms. P. M. Jayadeera (Engineer) in the Special Grade of Sri Lanka Engineering Service serving at present as the Additional Secretary (Water Resources Development) of the Ministry of Agriculture, Livestock, Lands and Irrigation to the post of Director General which will be vacant from 06.10.2026.
Approval has been granted at the meeting of the Cabinet of Ministers held on 08.06.2026 to prepare a draft bill for restructuring Sri Lanka Cricket.
Accordingly, the Legal Draftsman has formulated Sri Lanka draft bill providing legal provisions for the administration of Sri
Lanka Cricket, control, regulation, promotion, establishment of Sri Lanka Cricket for the development and administration, through the concepts of better governance, integrity, transparency, accountability, inclusiveness and providing equal opportunities for the betterment of the cricket sport, establishment of Sri Lanka Cricket for securing the wellbeing of all participants and securing cricket from corruption and other mal practices.
Clearance of the Attorney General has been received for the said draft bill. Approval of the Cabinet of Ministers has been received for the resolution furnished by the Minister of
Youth Affairs and Sports to publish the said draft bill in the government gazette notification and thereby forward the same to the Parliament for its concurrence.
The Sri Lanka Land Development Corporation performs vitally important functions such as minimizing the risk of inundation in urban and lowland areas, maintaining drainage systems efficiently, carrying out urgent operations during inundation events, and maintaining canals.
The need to strengthen the capacity of the corporation’s internal
operations has been identified by the corporation to perform the aforementioned functions efficiently and expeditiously.
The corporation has planned to purchase small -scale machinery that can be used to clean small canals, which significantly contribute to urban inundation.
The General Treasury has agreed to grant 625 million rupees as an equity contribution for purchasing the relevant machinery.
Accordingly, the Cabinet of Ministers has approved the resolution submitted by the Minister of Transport, Highways, and Urban Development to purchase the relevant machinery by the Sri Lanka Land Development Corporation, following formal procurement procedures at an estimated cost of Rs. 1,233
million, utilizing the aforementioned amount granted by the General Treasury and the funds of the Sri Lanka Land Development Corporation.
Ms. P. M. Jayadeera (Engineer) appointed Director General of Irrigation
Sri Lanka Cricket Draft Bill to be gazetted
Cabinet approves purchase of machinery for the Sri Lanka Land Development Corporation
Cabinet approval for Project to Build Secure, Skilled, and Empowered Community for families resettled at the at Kalinga Mawatha, housing scheme
Appointment of Cabinet Sub-Committee for the Organization of 79th Independence Day Commemoration
Establishment of New Management Framework for the Dr. Nevil Fernando Hospital
‘Dates have the highest sugar content to fight Coronavirus’
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