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CB Governor upbeat about taking country’s loan request to IMF Board in Jan ’23 if it misses December chance

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By Hiran H. Senewiratne

Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka is expecting to go to the IMF Board in January 2023 if it misses the December window and is also confident of getting assurance from bilateral creditors soon.

“Most probably meeting the IMF target is too optimistic and satisfactory so far but if we miss that we still have time till January,” Governor Dr. Weerasinghe told the Bank’s monthly monetary policy review meeting yesterday.

The need of the hour was for Sri Lanka to secure assurances from its bilateral creditors in the next couple of weeks, he said. “We are very confident about it considering the manner in which the discussions are progressing,” the Governor said.

It was quite encouraging that bilateral creditors including Paris Club, India, and China formed themselves into an ad-hoc creditor platform and give financial assurances before December 2022, Dr. Weerasinghe said.

Amidst those developments, Sri Lanka also had to complete a series of prior actions to get IMF Board level approval, which was ofutmost importance at this juncture, he said.

“Sri Lanka has already raised taxes and energy prices, and presented a budget for 2023,” the Governor said.

“Although reports claim that the IMF board will go on vacation in December and they will continue their work for at least three days a week as they have a lot on their agenda,” he said.

Sri Lanka has gone to the IMF 16 times due to its soft-peg but managed to avoid default as the country did not have market access to borrow large volumes of foreign debt, he added.Further, the Central Bank money printing had decreased from Rs 341 billion in 2021 to Rs 47 billion between January and October this year, which was a drastic decline, the Governor added.



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BASL challenges NPP MP to repeat false claims outside Parliament

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The Bar Association of Sri Lanka (BASL) has challenged NPP MP Asitha Niroshana Egoda Vithana to repeat what it called a false claim made in Parliament about anagreement between SJB leader Sajith Premadasa and BASL President Rajeev Amarasuriya.

The Colombo District MP Vithana alleged that Amarasuriya had recently received an assurance from Premadasa, who is also the Opposition Leader, that he (Amarasuirya) would be fielded as the SJB Chief Ministerial candidate at the Western Province PC polls in return for BASL campaigning against the government’s move to extend the retirement age of the superior court judges.

A top BASL spokesman told The Island that in case the lawmaker repeated the allegation outside Parliament, without the cover of parliamentary privilege, due legal consequences would follow.

The text of the statement: “The Bar Association of Sri Lanka (“BASL”) views with deep dismay the false utterances made today in Parliament by

Government Member of Parliament Mr. Asitha Niroshana Egoda Withanage regarding the President of the BASL, Mr. Rajeev Amarasuriya.

The BASL categorically states that the allegations are utterly false, baseless, and made with malicious intent.

The BASL is deeply concerned by the abuse of parliamentary privilege to make unfounded and defamatory false utterances, thereby seeking to mislead and misguide the public.

Furthermore, such cheap political attacks on the BASL will not succeed. The legal fraternity of Sri Lanka stands united and will face any challenge to its independence and integrity.

In respect of the proposal to increase the retirement age of the Judges of the Court of Appeal and Supreme Court, it has been the firm view of the Bar that constitutional amendments affecting the Superior Courts should never be undertaken in an ad hoc manner or in response to temporary circumstances. Amendments of such constitutional importance should only be introduced where there exists a demonstrable institutional necessity, transparent public justification and broad and defensible stakeholder consultation. Public confidence in constitutional governance depends upon the process adopted as much as the substance of the amendment itself.

The BASL has, throughout its history, stood firm against any threat to democracy, the independence of the judiciary, and the Human Rights of the people including the right to protest. The BASL has spoken out without fear or favour, regardless of which government is in power. The legal community is well aware that the BASL does not, and will not, play politics.

The BASL challenges Member of Parliament Mr. Asitha Niroshana Egoda Withanage to repeat the said false utterance outside Parliament without the cover of Parliamentary Privilege so that due Legal Consequences can follow.”

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Judges’ retirement age row: Govt.-BASL powwow on the cards

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Harshana

By Shamindra Ferdinando ✍️

Justice Minister Harshana Nanayakkara will meet a delegation from the Bar Association of Sri Lanka (BASL) this week to discuss the government’s hotly disputed decision to introduce a constitutional amendment to increase the retirement ages of judges of the Supreme Court and the Court of Appeal.

Both the Justice and National Integration Ministry and the BASL confirmed the scheduled meeting.

The BASL, in a letter dated 16 July, 2026, addressed to Minister Nanayakkara, who is also an Attorney-at-Law, requested that a delegation, consisting of members of the executive committee of the BASL, and senior members of the profession, be granted an opportunity to discuss the issues at hand.

Responding to The Island queries, sources revealed that the government, with an overwhelming 2/3 majority in Parliament, was determined to go ahead with the controversial constitutional amendment, whereas the BASL, too, remained inflexible in its opposition to the move.

The BASL reiterated that as emphasised in their 16 July dated letter, addressed to Minister Nanayakkara, the premier legal body expected the government to put on hold the process until meaningful consultations take place among principal stakeholders of the justice sector.

The BASL wrote to Minister Nanayakkara on 30 March, 2026, seeking clarifi-cation regarding the proposed constitutional amendment and in the absence of response, raised the issue with President Anura Kumara Dissanayake on 25 May, 2026. Sources said that the President, too, refrained from responding to the BASL’s letter and they didn’t have any other option than stepping up pressure.

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Organised motorcycle theft gang apprehended

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By S.K. Samaranayake ✍️

A team of police officers, led by Kadawatha Police Station Chief Inspector Buddhika Rajapaksha, has arrested two members of an organised motorcycle theft gang, along with three stolen motorcycles, and 14 grams of heroin, in their possession.

The Kadawatha Police are conducting investigations to arrest another suspect connected to the gang. Police stated that the suspects had concealed the stolen motorcycles at their residences in Eldeniya, Kadawatha. Further investigations are being carried out by the Kadawatha Police to determine whether the suspects are addicted to drugs.

Under the supervision of Senior Superintendent of Police, Nuvan Asanga, the Kadawatha Police are conducting further investigations to ascertain whether the suspects have stolen any other motorcycles.

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