News
GR govt. ignored Chinese lenders’ request for debt restructuring
By Rathindra Kuruwita
The Gotabaya Rajapaksa government had ignored suggestions by Chinese lending institutions that Sri Lanka to restructure the debt in 2021, Prof. Samitha Hettige said yesterday.
“The Rajapaksa government started talking of debt restructuring earlier this year. The Opposition had been asking for this before,” he said. By 2021, before the Gotabaya Rajapaksa administration decided on debt restructuring, the Chinese institutions that had given Sri Lanka loans suggested that a restructuring process should start since Sri Lanka would have trouble repaying the loans, the Strategic Studies scholar said.
However, the request had gone unheeded, and if the government had started discussions then, Sri Lanka would not have been in crisis, Prof. Hettige said.
The Sri Lankan foreign policy, in the last few years, had also been misguided, Prof. Hettige said. A number of Indian and Chinese companies faced unnecessary issues by the behaviour of the government, he said.
Prof. Hettige said that the government must focus on establishing free trade ports and reducing negative lists for investments.
The French Navy Ship ‘BEAUTEMPS BEAUPRE’ arrived at the Port of Colombo on a goodwill visit today. (09 May 25)
The visiting ship was welcomed by the Sri Lanka Navy in compliance with time-honoured naval traditions.
The 80.65m long ‘BEAUTEMPS BEAUPRE’ is a Hydrographic Vessel commanded by Commander BERTHEAU Dimitri and she is manned by 58 crew members.
Meanwhile, the Commanding Officer and a group of crew members of the ship are scheduled to call on senior officers of the Sri Lanka National Hydrographic Office (SLNHO) to discuss key hydrographic matters of bilateral importance.
During the stay in the island, crew members of the ship will explore some tourist attractions within the country and the ship is scheduled to set sail from Colombo on 13 May.
It has been reported that two Sri Lanka Air Force helicopter gunners and four Special Forces personnel have been pronounced dead after a SLAF Bell 212 helicopter crashed into the Maduru Oya Reservoir this (09) morning.
There were a total of 12 armed forces personnel on board the ill-fated aircraft.
It has been reported that a Sri Lanka Air Force Bell 212 Helicopter has crashed into the Maduru Oya Reservoir this morning.
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