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EUR 390 mn debt stock rescheduled until 2042 – French Embassy in Colombo

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Finance Secretary Siriwardena and Assistant Secretary Multilateral Affairs, Trade and Development at the French Treasury, Roos.

Sri Lanka and France have reached agreement on a debt stock of EUR 390 million until 2042, with a five-year grace period and a cap on original interest rates.

The following is the text of a statement issued by the French Embassy in Colombo: “On Monday June 16th, 2025, France and Sri Lanka signed a bilateral agreement to implement the recommendations of the Memorandum of Understanding on the debt restructuring of Sri Lanka, concluded on June 26th 2024, with the official creditors committee − co-chaired by France, India and Japan and composed of these countries with the Paris Club creditors.

The bilateral agreement reschedules a debt stock of EUR 390 million until 2042, with a five-year grace period and a cap on original interest rates.

The bilateral agreement signed on June 16 by Mr. William Roos, Assistant Secretary for Multilateral Affairs, Trade and Development at the French Treasury, and Mr. Mahinda Siriwardana, Secretary to the Treasury of the Ministry of Finance, Planning and Economic Development, is a key step in France’s support for Sri Lanka’s economic recovery.

The agreement was signed in presence of the Ambassador of France to Sri Lanka Rémi Lambert and Sri Lankan authorities, including Deputy Minister Dr Harshana Suriyapperuma and Governor of Central Bank of Sri Lanka Dr Nandalal Weerasinghe

This agreement aims to restore Sri Lanka’s debt sustainability, based on a coordinated approach between the country’s main official creditors and in compliance with the principle of comparability of treatment for third-party creditors in the scope of the restructuring. It also supports the implementation of the International Monetary Fund’s multi-year financing programme amounting to EUR 2.8 billion.

The signing was an opportunity for France to reaffirm its support for Sri Lanka’s economic recovery.



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A sustainable, inclusive and globally competitive tourism industry can be built through close partnerships and collaboration – PM

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The 13th Edition of Sancharaka Udawa 2026, Sri Lanka’s foremost Travel & Tourism Fair held under the patronage of Prime Minister Dr. Harini Amarasuriya at the Sirimavo Bandaranaike Memorial Exhibition Centre – BMICH, Colombo on Friday [15th May].

Organized by the Sri Lanka Association of Inbound Tour Operators (SLAITO) in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), the exhibition was held on 15 and 16 th of May.

The exhibition brought together over 250 exhibitors and 300+ stalls with the participation of more than 100 international agents featuring in B2B meetings, panel discussions , and workshops designed to foster collaboration and knowledge-sharing.

This year’s exhibition welcomed foreign hosted buyers for the first time, creating unprecedented opportunities for local stakeholders to connect with international markets.

During the event, the Prime Minister officially opened the Exhibition Sancharaka Udawa 2026 for the public.

Addressing the occasion, the Prime Minister stated that the government’s vision is to build a sustainable, inclusive, and environmentally conscious tourism industry, while emphasizing the need for the sector to adapt to environmental, political, economic, and global challenges. The Prime Minister also highlighted the importance of positioning Sri Lanka competitively in the global tourism arena and strengthening the country’s international brand as a unique destination.

Highlighting the importance of developing human capital and capacity within the sector, the Prime Minister underscored the role of ongoing education reforms in preparing young people for future opportunities. The Prime Minister stated that reforms in education should enable young people to access multiple pathways and gain exposure to industries such as tourism. In this regard, closer collaboration between the tourism sector and educational institutions was identified as essential.

The Prime Minister also stressed the importance of strengthening domestic tourism and improving the overall tourism experience.

Emphasizing the future development of the sector, the Prime Minister noted that close partnership and collaboration between the government and the private sector are vital to achieving sustainable progress in the tourism industry.

The opening ceremony was attended by Prof. Ruwan Ranasinghe, Deputy Minister of Tourism, Prof. Anil Jayantha Fernando, Deputy Minister of Finance and Planning, Ms. Aruni Ranaraja, Secretary, Ministry of Foreign Affairs, Foreign Employment and Tourism, Nalin Jayasundera, President, SLAITO,  Buddhika Hewawasam, Chairman, SLTPB/SLTDA and representatives of Diplomatic core, agents and exhibitors.

[Prime Minister’s Media Division]

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Prof. Venerable Maha Oya Jinarathana Nayaka Thero conferred the title of Chief Sanghanayaka

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The official ceremony to present Sannas Patra to Prof. Venerable Maha Oya Jinarathana Nayaka Thero, who was conferred the title of Chief Sanghanayaka of Wellassa, Bintenne and the Eastern Three Provinces, was held on Thursday [14 of May]  at the historic Pothubandhana Rajamaha Viharaya in Bibile, with the participation of Prime Minister Dr. Harini Amarasuriya.

The ceremony was held under the patronage of the Anunayake of the Malwathu Chapter, Most Venerable Dimbulkumbure Vimaladhamma Nayaka Thero. During the ceremony Prime Minister Dr. Harini Amarasuriya presented the official Sannas Pathraya conferring the title of Chief Sanghanayaka of Wellassa, Bintenne and the Eastern Three Provinces to Prof. Venerable Maha Oya Jinarathana Nayaka Thero.

Addressing the gathering, the Prime Minister stated that the Nayaka Thero, who entered monastic life in 1982, has rendered exemplary service to Buddhism and society for over four decades, setting a model for the entire community. She noted that the contributions made by the Thero by continuing the Sri Saranankara and Sri Saddhatissa Dhamma Schools, as well as the service carried out as the Chief Prelate of the Deegavapi Pirivena, are highly commendable.

The Prime Minister further stated that the humanitarian assistance extended annually by providing educational equipment to hundreds of children is commendable and strengthens the government’s efforts towards realizing educational policies. The Prime Minister appreciated the efforts of the venerable Nayaka Thero toward the restoration of the historic Deegavapi Maha Seya and the development of other temples.

The Prime Minister also highlighted that initiatives such as the construction of a Bhikkhu ward at the Ampara Hospital demonstrate selfless dedication of the venerable Thero through actions. The Prime Minister further emphasized that religious leaders who work for the spiritual and social upliftment of the people in historically significant regions such as Wellassa and Bintenne are essential to the country, and that the conferring of this title by the Malwathu Chapter is an honour not only to the Thero but also to the people of those regions.

The occasion was graced by the presence of members of the Maha Sangha representing the three Nikayas, and attended by the Minister Samantha Viddyarathna, Deputy Minister R.M. Jayawardena, Opposition Leader Sajith Premadasa, the Governor of Uva Province, government officials, and a large gathering of devotees.

[Prime Minister’s Media Division]

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Showers will occur at times in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts

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WEATHER FORECAST FOR 16 MAY 2026
Issued at 05.30 a.m. on 16 May 2026 by the Department of Meteorology

According to the today’s latest weather analysis, the low-pressure area located northeast of  Sri Lanka, still persists. The Department of Meteorology is continuously monitoring the behavior, development and path of the system.

Due to the influence of the above system, Showers or thundershowers will occur at times and cloudy skies are expected in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts. Fairly heavy showers about 75 mm are likely at some places in these areas. Showers or thundershowers may occur at a few places in the Uva and Eastern provinces after 1.00 pm.

The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.

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