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Debt restructuring accelerated through IMF agreement – State Minister for Finance
State Minister for Finance Shehan Semasinghe stated that the Agreement entered with the IMF and the staff-level agreement reached following the First Review of Sri Lanka’s Extended Fund Facility Arrangement will support to settle arrears owed to multilateral creditors while expediting the debt restructuring process.
He added that Sri Lanka is poised to receive the second tranche of US$ 330 million subsequent to the approval of this Staff-Level Agreement by the IMF Executive Board.
The State Minister made these remarks at a press conference held at the Presidential Media Centre (PMC), today (20) under the theme ‘Collective Path to a stable country’.
(PMD)
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Nepal election 2026: When will we get the results?
Nepalis go to the polls today [5 March] to elect a new government.
The general election is the country’s first since deadly youth-led anti-corruption protests toppled the government in September 2025.
The Himalayan republic has since been led by an interim government under former chief justice Sushila Karki, which promised to hold fresh elections and hand over power within six months.
The election commission has promised to release the results of the 165 directly elected seats within 24 hours from when counting starts, but the process of collecting ballot boxes from across the mountainous country and delivering them to count centres typically takes at least a day.
It could take another two to three days to tally the results of the proportional representation vote, officials said.
So if the election commission keeps its word it would be a huge departure from how long it typically takes for results to be released in the country.
Ram Prasad Bhandari, the chief election commissioner, says he is committed to finish counting by 9 March.
During the last election in 2022, it took nearly two weeks for results to be released.
This is because some polling stations are located in difficult, hilly terrain – more than 80% of Nepal is mountainous – which makes the collection of ballot boxes a challenging logistical exercise.
Some need to be carried down by hand, for instance, while others have to be airlifted in and out of polling stations.
Planes and helicopters are also not allowed into some remote areas after dark, which often means collection can begin only the next morning. Bad weather also interferes with the collection process.
[BBC]
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India’s momentum meets Wankhede’s memory in big semifinal bout
[Cricbuzz]
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Trump administration launches US military operation in Ecuador
The United States government has announced it is collaborating with Ecuador to combat “terrorists” in the South American country.
On Wednesday, US Southern Command, the military unit overseeing operations in Central and South America, posted that joint efforts had already begun in Ecuador.
“On March 3, Ecuadorian and US military forces launched operations against Designated Terrorist Organizations in Ecuador,” General Francis Donovan said.
“The operations are a powerful example of the commitment of partners in Latin America and the Caribbean to combat the scourge of narco-terrorism.”
The statement was accompanied by video footage of military helicopters taking off, as well as black-and-white aerial surveillance imagery of figures boarding helicopters on the ground.
The announcement appears to be part of US President Donald Trump’s broader push against criminal networks and drug cartels in Latin America.
The scope of the Ecuadorian operation is not yet known, but several US news outlets have reported that it is so far limited to supporting Ecuadorian troops through logistics and intelligence, citing government sources.
At a Wednesday news briefing, White House Press Secretary Karoline Leavitt praised the joint operation.
“Together, we are taking decisive action to confront narco-terrorists who have long inflicted terror, violence and corruption on citizens throughout the hemisphere,” she told reporters.
Since taking office for a second term last year, Trump has moved to label multiple prominent cartels as “foreign terrorist organisations”, a term typically reserved for armed groups with political aims.
His administration has paired those labels with an increasingly militaristic approach to combatting drug trafficking, including through the bombing of suspected smuggling vessels.
Critics have pointed out, however, that drug trafficking is considered a crime under international law, not an act of war, and that such lethal actions can be considered extrajudicial killings.
At least 44 aerial strikes have been carried out against alleged drug-smuggling boats and other maritime vessels in the Caribbean Sea and eastern Pacific Ocean.
The result has been 150 known deaths. The identities of the victims have yet to be confirmed by US officials, and no charges against them have been made public.
Two survivors who were recovered from an October attack on a submarine were quickly repatriated to their home countries, Ecuador and Colombia, where they were subsequently released.
Some families from Colombia and Trinidad and Tobago, meanwhile, have claimed that the deceased were fishermen or informal workers transiting between Venezuela and nearby islands, not drug traffickers.
The Trump administration has also launched military actions on Venezuelan soil, one in late December and a second on January 3. In both cases, it justified the strikes as law enforcement actions against drug traffickers.
The first targeted a dock allegedly used by the transnational gang Tren de Aragua. The second culminated in the abduction of Venezuelan President Nicolas Maduro, who was subsequently imprisoned and charged with drug trafficking and weapons charges in a US federal court.
That operation was likewise condemned as a violation of international law, with experts at the United Nations warning that it was “part of a broader and deeply troubling pattern” of unprovoked military aggression.
The Trump administration, however, has suggested it plans to expand its military operations against suspected drug traffickers to other land-based targets. The announcement from Ecuador suggests a new front for its military offensive.
Wednesday’s announcement comes two days after General Donovan, the head of the US Southern Command, visited Ecuadorian President Daniel Noboa and his defence ministers on March 2 in the capital of Quito.
Since the outbreak of the COVID-19 pandemic in 2020, Ecuador has seen a spike in homicides and other violent crimes, as criminal networks make inroads in the country.
Previously, Ecuador had some of the lowest rates of violent crime in the region, earning the country a reputation as an “island of peace” in Latin America.
But experts say the leap can be attributed to a number of factors, including high youth unemployment during the pandemic, economic instability, and a desire to exploit Ecuador’s strategic location on the Pacific coast, between major cocaine producers like Colombia and Peru.
Noboa, a right-wing leader who has been in office since 2023, campaigned for re-election last year on the pledge that he would tamp down on the uptick in crime. He has become closely associated with the “mano dura” or “iron fist” approach to law enforcement.
Trump too has encouraged Latin American leaders to be more aggressive in their handling of criminal networks, and both Noboa and Trump have threatened Colombia, led by left-wing leader Gustavo Petro, for allegedly failing to comply.
On March 1, for instance, Noboa plans to raise tariffs on Colombian imports to 50 percent as punishment for failing to crack down on cocaine trafficking.
On Wednesday, General Donovan praised the Ecuadorian military for their “unwavering commitment” to the fight “against narco-terrorists in their country”.
“Together, we are taking decisive action to confront narco-terrorists who have long inflicted terror, violence, and corruption on citizens throughout the hemisphere,” he said in a statement.
President Noboa, who has hosted Trump administration officials like Homeland Security Secretary Kristi Noem multiple times over the past year, also welcomed the increased collaboration.
“We are beginning a new phase in the fight against drug trafficking and illegal mining,” Noboa wrote on social media on March 2.
“The security of Ecuadorians is our priority, and we will fight for peace in every corner of the country. To achieve this peace, we must act decisively against criminals, wherever they may be.”
Still, critics responded to Wednesday’s announcement with scepticism and alarm about the increasing US military operations overseas.
Brian Finucane, a senior adviser at the International Crisis Group think tank, wrote on social media that the US has yet to clarify what its role in the joint operations was and what its targets were.
“My sense is that some in the administration have been itching to put US military boots on the ground somewhere for an operation against ‘narco-terrorists’ and then publicly brag about it,” Finucane said.
“Ecuador was more amenable than, say, Mexico.”
[Aljazeera]
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