Connect with us

News

Fifth review of IMF Extended Fund Facility on the horizon amidst difficult external factors

Published

on

IMF spokesperson Julie Kozack

The International Monetary Fund (IMF) has acknowledged Sri Lanka’s continued economic progress as the country prepares for its fifth review under the IMF-supported Extended Fund Facility (EFF) arrangement.

Speaking at a press briefing held on Thursday (24), IMF Communications Director Julie Kozack provided an update on the status of Sri Lanka’s economic programme and upcoming evaluations.

On 1st July, the IMF Executive Board completed the fourth review of Sri Lanka’s programme, releasing a tranche of $350 million and bringing the total financial assistance to $1.74 billion.

Kozack highlighted that Sri Lanka’s “ambitious reform agenda continues to deliver commendable outcomes,” noting significant improvements across key economic indicators.

According to Kozack, inflation remains low, revenue collection is on an upward trend, and international reserves continue to grow.

“The post-crisis growth rebound to five percent in 2024 is quite remarkable. The revenue-to-GDP ratio improved from 8.2 percent in 2022 to 13.5 percent in 2024,” she noted.

Sri Lanka’s debt restructuring process is nearly complete, and the country’s overall programme performance has been described as “generally strong.” Kozack affirmed the government’s commitment to achieving the programme’s objectives.

Looking ahead, the IMF’s fifth review is expected to take place in the fall of 2025, she said.

While the macroeconomic outlook remains positive, Kozack acknowledged that risks persist, particularly from global trade tensions and policy uncertainties.

She emphasised that the IMF team will assess these external risks and their implications during the upcoming review in close consultation with Sri Lankan authorities.

“They will take that into account in discussions with the authorities on policies, and all of the programme matters as part of the Fifth Review,” she added.



News

Child abuse crisis: 108,000 complaints reported in 10 years

Published

on

More than 108,000 complaints of child abuse had been received by the National Child Protection Authority (NCPA) between 2015 and 2025, Women and Child Affairs Minister Saroja Savithri Paulraj told Parliament yesterday.

Responding to a question raised by Opposition Leader Sajith Premadasa under Standing Order 27/2, the Minister said 4,421 child abuse cases were pending before High Courts as of April 30 this year, with indictments already filed against the accused.

She said the NCPA was working with 47 Police Child and Women Protection Bureaus under the Police Children and Women Abuse Prevention Division to expedite the hearing and conclusion of these cases.

The Minister said measures were also being taken to protect child victims during legal proceedings by introducing a system to record their evidence through video in a safe and child-friendly environment, thereby reducing the need for them to appear in court.

She said discussions were underway with the Ministries of Health and Mass Media and other relevant institutions to establish nine provincial video evidence recording units.

by Saman Indrajith ✍️

Continue Reading

News

CA dismisses  writ petition seeking postponement of A/L exam

Published

on

The Court of Appeal yesterday dismissed a writ petition seeking to postpone the 2026 G.C.E. A/L Examination by two months.

The petition, filed by a group of students due to sit the examination for the first and second time, sought an order delaying the examination, which is scheduled to commence next month.

The Court announced its decision after considering submissions made in support of the application and declined to grant leave to proceed with the petition.

As a result, the 2026 G.C.E. Advanced Level Examination will be held as scheduled in August.

Continue Reading

News

Bimal’s remarks on MP’s conduct spark heated exchange in Parliament

Published

on

Leader of the House and Minister Bimal Rathnayake yesterday criticised the conduct of MP Archchuna Ramanathan in Parliament, describing the behaviour of certain lawmakers as “uncivilised, disgraceful and indecent”, while a heated exchange followed between government and opposition members.

Rathnayake made the remarks when Ramanathan attempted to raise a point of order during parliamentary proceedings.

“This parliament has one or two members who behave in a very uncivilised, disgraceful manner. We tolerate them because one of them is mentally ill,” Rathnayake said.

He alleged that Ramanathan had insulted even members of the Tamil community.

“The things he says may not be heard through the microphone, but the four walls of this Parliament are witnesses,” Rathnayake said, adding that Ramanathan’s conduct was not limited to Parliament.

He claimed that the Jaffna District Coordinating Committee meeting could not be held due to Ramanathan’s behaviour and said MP Gajendrakumar Ponnambalam had written to the Speaker stating that he could not sit near him.

The Speaker intervened during the exchange, warning Ramanathan not to behave in a manner that would turn Parliament into “a joke”. He also said the MP had previously addressed him in an insulting manner.

Opposition Leader Sajith Premadasa criticised the manner in which Rathnayake and the Speaker had addressed the matter, saying MPs should not be spoken to improperly and urging members to follow parliamentary Standing Orders.

Ramanathan, responding to the remarks, said: “I may be a psycho, but I am not a homosexual.”

by Saman Indrajith ✍️

Continue Reading

Trending