News
Fin Min, delegation meet with top US State Dept, IMF officials
Minister of Finance Ali Sabry and his delegation held crucial meetings with the top officials of the U.S. Department of State and USAID as well as top officials of the International Monetary Fund including its Managing Director Kristalina Georgieva in Washington, DC Wednesday.
A meeting was convened for high level engagement with the Minister of Finance M.U.M. Ali Sabry P.C. and the U.S. Department of State experts Donald Lu, Assistant Secretary – Bureau of South and Central Asian Affairs and John McDaniel, Chief of the Economic Unit of the U.S. Department of State along with the experts of USAID Deputy Assistant Administrator Anjali Kaur, and Sanjay R. Iyer, the International Cooperation Specialist at the residence of the Ambassador of Sri Lanka for U.S. Mahinda Samarasinghe.
The successful discussion had focused on a variety of options and solutions for strategic economic development for short term and midterm challenges.
Finance Minister Sabry and the Governor of Central Bank of Sri Lanka Dr. Nandalal Weerasinghe discussed overcoming the ongoing economic challenges in Sri Lanka with the U.S. officials.
The Finance Minister has received the assurance of the valuable support from the esteemed institutions to strengthen the economy of Sri Lanka, the Finance Ministry said.
Assistant Secretary Lu said U.S. welcomes Sri Lanka and IMF working towards a sustainable solution to relieve the economic hardships for its people.
The Assistant Secretary has said the United States is committed to supporting Sri Lanka’s efforts to stabilize its economy and set the country on a path toward a sustainable and prosperous future for all Sri Lankans.
The Minister of Finance Ali Sabry and Governor of Central Bank Dr. Nandalal Weerasinghe also held a meeting with IMF Managing Director Kristalina Georgieva at the IMF on the 20th of April 2022.
The key highlights of the discussion had premised upon the Policy actions required to be taken to address the economic challenges of Sri Lanka.
The Managing Director has assured her sincere commitment to work together towards mapping a pathway to assist the economic recovery for Sri Lanka.
“Thank you Minister Ali Sabry and Governor Weerasinghe for being with us in person at the Spring IMF Meetings during these difficult times. We discussed policy actions to address economic challenges and undertook to work together towards mapping a pathway to Sri Lanka’s recovery,” Georgieva tweeted after the meeting.
Minister Sabry and Central Bank Governor Dr. Weerasinghe also met with the IMF First Deputy Managing Director Gita Gopinath on Wednesday at the IMF headquarters in Washington, DC.
The discussion between the distinguished delegates focused on the challenges faced by Sri Lanka and the mechanisms and measures required to address the economic challenges expeditiously, the Finance Ministry said.
Latest News
Sun directly overhead Mannar, Periyamadu, Puliyankulam, Welioya and Pulmoddai about 12.11 noon today (30)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is overhead today (30) are Mannar, Periyamadu, Puliyankulam, Welioya and
Pulmoddai about 12.11 noon.
News
Lanka tracks 11 US-sanctioned Iranian tankers off coast
(AFP) Sri Lanka’s maritime authorities were monitoring a fleet of 11 US-sanctioned Iranian oil tankers just off the island’s southern coast, the foreign minister said Wednesday.
The tankers were spotted close to the Galle harbour where an Iranian frigate, IRIS Dena, was sunk by a US submarine in March, killing 104 sailors. Sri Lanka’s navy rescued 32 Iranian sailors from that frigate.
Iranian vessels have been in limbo, unable to return to their home port because of a US blockade.
Sri Lanka’s Foreign minister Vijitha Herath said the tankers were in international waters where they had freedom of navigation.
“These ships are away from our territorial waters… we have no hold on them, nor have we facilitated them,” Herath told AFP.
The military deployed reconnaissance aircraft and patrol boats to monitor the vessels outside Sri Lanka’s 12-nautical-mile territorial waters, a military official told AFP on condition of anonymity.
“There is no indication of any ship-to-ship transfer of oil or illegal discharge of pollutants, so there is no basis for Sri Lankan authorities to take action against them,” the official said.
Many Iranian merchant vessels moved east towards the Strait of Malacca and Singapore due to US sanctions, while several remained near Sri Lankan waters, authorities said.
Sri Lankan officials said Washington had not formally notified Colombo about sanctioned Iranian-flagged vessels
News
House to debate abolition of Chief of Defence Staff post
Parliament is to debate next Wednesday the Government’s proposal to abolish the post of Chief of Defence Staff (CDS), with the Second Reading of the Chief of Defence Staff (Repeal) Bill scheduled for September 9.
The Bill seeks to repeal the Chief of Defence Staff Act No. 35 of 2009, which was introduced shortly after the end of the armed conflict.
According to Secretary General of Parliament Kushani Rohanadeera, Parliament will meet from September 8 to 11, with the business for the week approved by the Committee on Parliamentary Business chaired by Speaker Dr. Jagath Wickramaratne.
The debate on the Chief of Defence Staff (Repeal) Bill is scheduled to take place from 11.30 a.m. to 5 p.m. on Wednesday, following questions to the Prime Minister and other parliamentary business.
The CDS post was established under the 2009 Act as part of the country’s higher defence command structure.
On Tuesday, September 8, the House will consider two Orders published in Extraordinary Gazettes under the Motor Traffic Act from 11.30 a.m. to 5 p.m., followed by an Opposition motion at the adjournment.
On Thursday, September 10, Parliament will debate a Resolution under the Women’s Empowerment Act.
The final sitting day of the week, Friday, September 11, has been allocated from 11.30 a.m. to 5.30 p.m. for several Private Members’ Motions.
The motions will cover issues including regulation of the petroleum, fuel and water industries, measures to increase the birth rate, protection of the Diyagama Forest, pension deductions affecting Pirivena teachers, food-crop cultivation in mountainous areas, development of the Kithul industry and the establishment of a Faculty of Medicine at South Eastern University.
Questions at the adjournment will be taken up at the end of each sitting day.
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