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Former State FM Wickramaratna questions IMF’s Sri Lanka strategy

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SJB MP Eran Wikramaratne has alleged that the ordinary public has been burdened with extremely high taxes even before the implementation of the IMF conditions. But the implementation of the taxes on the rich has been delayed until January 2025. According to the agreement between the government and the IMF, property, wealth and wealth transfer tax will be implemented beginning January 2025, he has said.

The IMF-government agreement aims to increase state revenue. The government exploits the poor and workers. The tax threshold has been reduced to the limit Rs. 100,000. The government should understand that today there are strikes in the country because the ordinary people cannot pay taxes.

MP Wickramaratne, who addressed the media at the office of the Opposition leader in Colombo, dealt with a report submitted by President Ranil Wickremesinghe to the Parliament on regards the IMF loan. The former State Finance Minister said questions arose about not only the government of Sri Lanka but also the IMF.

“The first page of the report, which provides extended financial credit facilities to Sri Lanka, states that “The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents”

“I can understand as a former banker that nobody should reveal market information. But I do not agree with this clause which says they must not disclose the authorities’ policy intention. I think the IMF needs to look at its own Transparency policy. Some of these global institutions talks to countries like Sri Lanka about transparency why not your policy intention what was the secrecy about your policy intention.”

“What has really happened due to this agreement is that Sri Lanka, which is burdened with debt and bankrupt without ability to repay them, has just taken another loan. The government supporters are celebrating the release of the IMF loan. It was shown in the media that crackers were being lit at the United National Party headquarters. Some people were also eating milk rice. If the government does not properly understand the reality that the government which was unable to solve the country’s problems, has taken this loan just to prolong the problem, the situation may worsen further.

“According to these conditions, we will have to curtail our expenditure.”

The very people who created economic and political instability in the country are coming forward to solve this problem. Therefore, people should be careful about this.



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Joint programme between President’s Fund and Janashakthi Foundation to expand healthcare facilities for children

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(Pic PMD)

A special collaboration between the Presidents’s Fund and the Janashakthi Foundation, aimed at expanding healthcare facilities available to children under the age of 18, was launched on Wednesday (06) morning.

Implemented under the theme “Building a Healthier Today for a Winning Tomorrow”, this national initiative has been introduced through the joint efforts of the President’s Fund and the Janashakthi Foundation with the objective of reducing the financial barriers associated with children’s healthcare.

Under the President’s Fund, only a portion of the medical expenses incurred by a patient is generally covered. However, under this new collaboration, the Janashakthi Foundation will provide either an equivalent amount or the remaining balance of the treatment cost, whichever is lower.

Speaking on the occasion, Secretary to the President’s Fund and Senior Additional Secretary to the President,  Roshan Gamage, stated that the present Government had taken steps to decentralise and digitalise the operations of the President’s Fund, thereby transforming it into a truly people-centric fund. He noted that this had reinforced public confidence in the Fund’s transparency, accountability and effectiveness and added that the collaboration with the Janashakthi Foundation had further strengthened this process.

Gamage further stated that close and meaningful coordination with the private sector would help enhance healthcare assistance provided to children and minimise the gap between the financial aid available and the actual cost of essential medical treatment.

Also addressing the gathering, Managing Director and Group Chief Executive Officer of the Janashakthi Group, Ramesh Schaffter, stated that difficulties in accessing medical treatment constitute a major obstacle preventing children from progressing towards a better future.

He further stated that the collaboration seeks to reduce that obstacle by extending support to children who are in urgent need of assistance, thereby laying the foundation for future generations to face tomorrow with greater confidence.

Under this programme, applicants seeking additional financial assistance are required, when applying to the President’s Fund, to duly complete and submit a consent form authorising the secure sharing of their information with the Janashakthi Foundation.

The identification of children requiring financial assistance, verification of their information and approval of funds will continue to be carried out by the President’s Fund.

Under this initiative, payments will generally be made to the guardians of children following the completion of treatment. However, in cases involving emergency treatment and treatment conducted overseas, payments will be made in advance.

Applicants submitting medical assistance applications to the President’s Fund from 15 May 2026 onwards will be eligible to apply for additional funding from the Janashakthi Foundation.

The event, held at the Hilton Colombo, was attended by J.M. Wijebandara, Director General of Legal Affairs at the Presidential Secretariat and Advisor to the President (Legal Affairs); C.T.A. Schaffter, Founder and Chairman Emeritus of the Janashakthi Group; Gamika De Silva, Group Chief Marketing Officer; Dilshan Wirasekara, Deputy Chief Executive Officer of the Janashakthi Group; as well as officials of the President’s Fund and the Janashakthi Foundation.

President’s Media Division (PMD)

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Maldivian President concludes state visit to Sri Lanka

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The President of the Republic of Maldives, Dr. Mohamed Muizzu, departed Sri Lanka on Wednesday morning (06) from the Bandaranaike International Airport, Katunayake, concluding a successful state visit to the country.

The visit by the Maldivian President and his delegation further strengthened the longstanding friendship and cooperation between the Maldives and Sri Lanka, while delivering a range of mutual benefits to the peoples of both nations.

This marked President Muizzu’s first state visit to Sri Lanka, during which several mutually beneficial areas of cooperation were agreed upon, underscoring the success of the visit.

Minister of Science and Technology, Krishantha Abeysena, Minister of Youth Affairs and Sports , Sunil Kumara Gamage, Member of Parliament Oshani Umanga, along with senior officials of the Ministry of Foreign Affairs, were present at the airport to bid farewell to the Maldivian President, the First Lady and the accompanying delegation.

(President’s Media Division)

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Govt. draws flak over Rs. 500 mn excess Aswesuma payments

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Close on the heels of the USD 2.5 mn theft from the Treasury, the Welfare Benefits Board has reported payment of nearly Rs 500 mn in excess to Aswesuma beneficiaries.

Public action group ‘Free Lawyers’ has raised the latest fiasco to come to light with Speaker Dr. Jagath Wickramaratne, while requesting that the Parliament, in line with its constitutional obligations, initiate an inquiry.

The letter, dated 06 May, signed by Maithree Gunaratne, PC, Attorney-at-Law Athula de Silva, and Rajith Keerthi Tennakoon, on behalf of ‘Free Lawyers’, has alleged that some of the Aswesuma beneficiaries have been paid twice while others received the additional/extra payment.

Responding to The Island queries, Tennakoon said that sheer negligence on the part of those responsible for public finance was shocking.

Alleging that the NPP government seemed to be operating outside basic rules and regulations pertaining to public finances, the former Governor asked the Speaker whether the wrongful Aswesuma payments had been made due to political appointments made at the expense of the experienced and competent staff. (SF)

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