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Debt-restructuring about to be completed, govt. proceeding towards 3rd review of IMF programme – Vijitha
Foreign Minister Vijitha Herath yesterday (14) assured the Colombo-based diplomatic community that the new government was going ahead with the IMF-led debt restructuring programme.
The assurance was given at an interaction with them at the Ministry of Foreign Affairs.
Minister Herath said: “Earlier this month, we had productive discussions with the visiting IMF team who reiterated their support to Sri Lanka. We will work closely with then on the next phase relating to the Extended Fund Facility (EFF), and the related reform programme.
“Also in this month, the Official Creditor Committee (OCC) and the IMF confirmed that the agreements reached with Sovereign bond holders is in line with the ‘comparability of treatment’ requirements and debt sustainability targets, respectively. This in simple words means that the debt restructuring process is very near completion, enabling the government to proceed towards the third review of the IMF programme, further cementing economic stability, and reinforcing the foundation for sustainable, inclusive economic recovery and growth.
“In another positive step, the World Bank signed the agreement on the RESET (Second Resilience, Stability, and Economic Turnaround) Development Policy Operation (DPO) amounting to $200 million. This is aimed at implementing a reform programme, including economic governance, enhancing growth, and protecting the poor and vulnerable. As the programme is proceeding satisfactorily, this was the second operation to be disbursed of the two-part series.
“The Government is keen to ensure that these stabilization measures go hand in hand with improving the standard of living of all Sri Lankans and will implement practical programmes to alleviate the heavy economic burden faced by them. We are committed to ensuring that economic growth is truly inclusive, which will at the same time drive growth and investment, with the confidence of our private sector and business community.
“I believe that this meeting will provide me with an opportunity to brief you on the initial plans of the new Government and have some informal interaction. It is only after the Parliamentary Election is concluded in November, that the new Government will be able to fully focus on operationalizing its way forward, and we look forward to having more comprehensive engagements with each one of you at that stage on matters related to bilateral matters.
At the recently concluded Presidential Election, the people of Sri Lanka voted for a mandate for ‘change’ – a change that will bring all our citizens together in a new ethical political culture.
As the President mentioned in his inaugural address to the nation, this change entails many steps, and one of the most important is to reinforce stability and confidence in the economy and stimulate growth, while prioritizing welfare and alleviating the hardships of the people.
“The President has also placed high emphasis on ethical governance, elimination of corruption, efficiency in public service and fostering a new political culture that embodies the rule of law, accountability and integrity. We believe that economic success must be accompanied by these supportive pillars.
“In line with the commitments made by us on zero tolerance for bribery and corruption we have already commenced investigations into certain key matters. The Bribery Commission has already expedited action relating to cases of alleged corruption.
“Another key objective of this Government is to end the era of division based on race, religion, class and other differences and build a nation that respects diversity. We are ready to bring in the necessary constitutional, economic, and political reforms towards this end.
“The Government will protect democracy and human rights of all citizens, including addressing past issues. As directed by the President, investigative authorities have already announced a redoubling of investigation into a number of clearly identified accountability cases that were pending from the past.
“On all these fronts, the Government is encouraged by the support that it has received from the countries and the organizations you represent. We look forward to working closely with all of you as partners, and seek your continued support for our efforts to advance sustained economic growth and social well-being of all our citizens.
“I have been active in the recent weeks on a number of matters on the foreign affairs front:
*Sri Lanka has decided to apply for the membership of the BRICS and the New Development Bank. HE President and myself – we are unable to attend the Outreach BRICS Summit to be held in Kazan, Russian Federation, from 23-24 October 2024, due to the upcoming elections. Secretary/Foreign Affairs will represent Sri Lanka and place on record our request for membership. I have already addressed letters to my counterparts in the BRICS member states seeking support.
* We consider BRICS to be an effective partnership to realize aspiration for mutually beneficial cooperation, peace and development, through strengthened and inclusive multilateralism within the framework of the UN Charter.
* On 9 October 2024, the government made a statement at the Human Rights Council in Geneva. In our statement to the Council, we highlighted our commitment to have credible and independent domestic mechanisms and processes on reconciliation that enjoy the people’s trust. We have already initiated action to move forward on this front.
* Despite our rejection of the resolution that was tabled at the Council, we will continue to engage constructively with the Council and its regular UN human rights mechanisms. As you are well aware Sri Lanka opposes the resolution which establishes an external mechanism on human rights issues.
* We thank the countries that took helpful and principled positions in support of Sri Lanka in Geneva and a number of countries also spoke in support of the progress made by Sri Lanka at the interactive session.
* On Sri Lanka’s chairmanship of the Indian Ocean Rim Association (IORA), we would like to inform you that, due to the upcoming Parliamentary Elections, we are compelled to postpone the meeting of the IORA Council of Ministers till next year. The timeframe is to be decided in consultation with IORA Members and the Secretariat.
* On the international front, we continue to remain highly concerned about the current global situation, particularly in the Middle East region. The humanitarian situation in Gaza is turning dire by the day, and recent developments that have an impact on wider regional dimensions, in particular in Lebanon, are most concerning. We continue our call for an immediate ceasefire and unrestricted humanitarian access to Gaza and a sustainable two-state solution that includes the establishment of an independent sovereign and viable State of Palestine, based on the 1967 borders, in line with relevant UN resolutions, as well as ensuring the security of Israel.
* We deeply regret the attacks that injured two of our peacekeepers in the United Nations Interim Force in Lebanon (UNIFIL). We are proud of our peacekeepers who serve in several challenging UN Missions and it is important that the obligation of all parties to respect UN personnel and UN premises is respected.”
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Landslide early warnings in force in the Districts of Badulla, Kandy, Kegalle, Kurunegala, Matale, Nuwara Eliya and Ratnapura
The Landslide Early Warning Center of the National Building Research Organisation [NBRO] has issued landslide early warnings to the Districts of Badulla, Kandy, Kegalle, Kurunegala, Matale, Nuwara Eliya and Ratnapura valid until 1600hrs on 14th December 2025.
Accordingly,
LEVEL III RED warnings are in force in the Divisional Secretaries Divisions and surrounding areas of Ududumbara, Medadumbara, Ganga Ihala Korale, Pathadumbara, Panvila, Udapalatha, Doluwa, Deltota and Minipe in the Kandy district, and Rideegama in the Kurunegala district.
LEVEL II AMBER warnings are in force in the Divisional Secretaries Divisions and surrounding areas of Uva Paranagama, Passara, Welimada, Haputhale, Lunugala, Soranathota, Ella, Kandeketiya, Bandarawela, Meegahakivula, Badulla, Hali_Ela and Haldummulla in the Badulla district, Harispattuwa, Pathahewaheta, Thumpane, Udunuwara, Poojapitiya, Hatharaliyadda, Gangawata Korale, Yatinuwara, Kundasale, Akurana and Pasbage Korale in the Kandy district, Rambukkana, Yatiyanthota, Aranayaka, Kegalle, Bulathkohupitiya, Mawanella, Warakapola and Galigamuwa in the Kegalle district, Polgahawela, Mallawapitiya, Alawwa and Mawathagama in the Kurunegala district, Ukuwela, Naula, Wilgamuwa, Matale, Laggala Pallegama, Rattota, Ambanganga Korale, Yatawatta and Pallepola in the Matale district, Walapane, Hanguranketha, Nuwara Eliya, Kothmale East, Mathurata, Nildandahinna, Thalawakele, Norwood, Kothmale West and Ambagamuwa Korale in the Nuwara Eliya district, and Kahawaththa, Kolonna and Godakawela in the Ratnapura district.
LEVEL I YELLOW warnings are in force in the Divisional Secretaries Divisions and surrounding areas of Dehiowita, Deraniyagala and Ruwanwella in the Kegalle district, and Kalawana, Kuruwita, Elapatha, Ayagama, Kiriella, Balangoda, Openayake, Imbulpe, Ratnapura, Kaltota, Eheliyagoda, Pelmadulla and Nivithigala in the Ratnapura district.
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The rights of the fishing community will never be compromised – President
President Anura Kumara Dissanayake affirmed that the Government will never allow the violation of the rights of the fishing community, emphasizing the State’s firm commitment to protecting both land resources and the coastline.
The President also stated that the Government will address the challenges faced by fishing communities across the country through discussion and constructive engagement, ensuring sustainable solutions while safeguarding livelihoods.
President Anura Kumara Dissanayake made these remarks while attending a Special District Coordination Committee Meeting held on Saturday (13) afternoon at the Mannar District Secretariat, convened to review on-going efforts to restore normalcy to public life and rehabilitate infrastructure in the Mannar District following the recent disaster.
Highlighting the urgent need for a permanent solution to flooding in the Mannar District, the President instructed officials to proceed with the proposed flood control project after conducting comprehensive studies to ensure its long-term effectiveness.
Special attention was drawn to the severe impact of the disaster on the fishing sector. It was revealed that approximately 12,000 fishermen are currently unable to engage in fishing activities due to flooding and adverse weather conditions.
The President directed that dry ration packs be provided for one week to fishing families who, although not directly affected by floods, have lost their livelihoods due to unfavourable weather conditions.
Additionally, discussions were held on engaging with the Chinese Embassy to distribute a stock of fishing gear donated by the Government of China to fishermen affected by the disaster.
Attention was also focused on illegal land encroachments within the water catchment area of the Yodha Wewa Sanctuary. The President instructed that strict legal action be taken against individuals obstructing the placement of boundary markers around the reservoir.
It was reported that 70 families in the Mannar District have lost their homes due to the disaster. Discussions were held on rebuilding these houses and identifying suitable land for resettlement. A committee will be appointed to identify the required land within the next two weeks.
The meeting also addressed the expansion of facilities at Mannar Base Hospital and other hospitals, along with restoring health services and normalizing educational activities in the district.
The President further instructed that the Rs. 15,000 assistance provided by the Treasury for schoolchildren be disbursed promptly through Divisional Secretaries, based on recommendations from Grama Niladhari officers.
Extensive discussions were also held on reconstruction of damaged roads and bridges, restoration of water and electricity supply, rehabilitation of irrigation systems, compensation for losses in agriculture and livestock sectors and supporting affected communities to restart their livelihoods without delay
The meeting was attended by Deputy Minister of Cooperative Development and Chairman of the Vanni District Coordination Committee Upali Samarasinghe, Northern Province Governor N. Vethanayahan, Members of Parliament S. Thilaganathan, M. Jegatheeswaran, T. Ravikaran, Sathiyalingam, Selvam Adaikkalanathan, Kader Mastan and Rishad Bathiudeen, along with other government and opposition parliamentarians.
Also present were the Secretary to the Ministry of Finance, Secretary to the Ministry of Defence, Northern Province Chief Secretary D. Murugesan, Mannar District Secretary K. Kanageswaran, senior government officials, and representatives of the security forces.
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Prioritize rebuilding the livelihoods of disaster-affected communities – President
President Anura Kumara Dissanayake has instructed officials to give top priority to restoring the livelihoods of communities affected by the disaster. He emphasized the need to expedite compensation payments for damages and to take immediate measures to revive the agriculture, fisheries and industrial sectors.
The President further directed that all compensation payments for crop damage be completed before December 25.
These instructions were issued during a special District Coordinating Committee meeting held on Saturday (13) morning at the Puttalam District Secretariat.
President Anura Kumara Dissanayake described the recent cyclone as one of the largest disasters the entire country has faced in recent times. He commended the dedicated efforts of the tri-forces, Police and public officials in restoring the lives of affected communities. The President noted that, thanks to their commitment, a significant portion of essential infrastructure including electricity, water supply and roads has already been rehabilitated.
He further emphasized that the Government’s ability to provide such substantial compensation to disaster-affected communities is the result of the strong fiscal discipline of the Government.
Taking into account the challenges that have arisen in the distribution of allowances and aid so far, the President instructed Divisional Secretaries to ensure that compensation is provided strictly to eligible recipients and to fully intervene to prevent any deviation from this policy under any circumstances.
During the meeting, the rehabilitation of damaged highways and bridges in the district was discussed in detail. The President inquired into issues arising during these reconstruction efforts and provided on-the-spot solutions in consultation with the relevant officials.
The construction of the Lower Kala Oya Bridge was also discussed. The President instructed that a temporary bridge be built to meet the needs of the tourism sector. He emphasized that all construction activities should be carried out with a thorough understanding of necessity and proper structural assessments.
The President further highlighted that previous large-scale projects were abandoned without delivering tangible benefits or the intended outcomes. He stressed that future infrastructure development should focus not only on regional needs but also on the broader economic benefits for the country as a whole.
The President inquired about the ongoing efforts to restore electricity supply in the district and emphasized the need to complete these works without delay.
He also reviewed measures being taken to re-establish water supply and instructed provincial authorities to intervene promptly, noting that current well cleaning efforts in the district are insufficient.
Regarding agriculture, the President inquired about preparations by local farmers for the upcoming Maha paddy cultivation. He directed officials to swiftly create a conducive environment for farming, minimize the amount of abandoned land and explore alternative methods to ensure productive use of farmland.
He instructed that all compensation due to farmers be disbursed before December 25, that payments be made regardless of whether the land is in reserves or legally protected areas, and that systematic measures be implemented to prevent cultivation on reserved lands.
The President also highlighted the need for comprehensive soil conservation programmes in areas such as Kalpitiya.
The President emphasized the need to provide fair compensation to those engaged in the livestock sector in order to restore their livelihoods. He also highlighted the importance of obtaining accurate ground-level data and stressed the necessity of introducing legislation to ensure the registration of all livestock farms.
Due to the disaster, 627 houses in the district were completely destroyed, and 20,813 houses sustained partial damage. The President instructed that compensation for the affected families be expedited, emphasizing priority resettlement on government land. Where government land is unavailable, he directed that Rs. 5 million be provided to each family for the purchase of alternative land.
For those whose houses were completely destroyed, the President directed that new housing projects be implemented in a manner that ensures ownership of a house valued at Rs. 5 million for each beneficiary.
Attention was also given to the fisheries sector. Discussions were held on providing assistance for the repair of damaged fishing boats, as well as implementing fair compensation and concessional bank loan schemes for prawn farmers.
President Dissanayake also inquired into the operations at Chilaw Hospital. Authorities informed him that patient admissions and the functioning of several units could resume by next week.
Minister of Public Administration, Provincial Councils, and Local Government and Chairman of the Puttalam District Coordination Committee Chandana Abeyratne, Deputy Minister of Environment Anton Jayakody, North Western Province Governor Tissa Warnasuriya, Government and Opposition Members of Parliament from Puttalam District, Local Government Representatives including the North Western Provincial Secretary, Secretary to the Ministry of Finance Dr. Harshana Suriyapperuma, Puttalam District Secretary, Divisional Secretaries, Government Officials, and Security Forces Representatives were present at the event.
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