News
IMF Executive Board finalises first EFF review of Sri Lanka
By Rathindra Kuruwita
IMF’s second review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka is expected to be completed by the end of the first half of 2024, IMF Senior Mission Chief for Sri Lanka, Peter Breuer, told journalists Wednesday morning.
Addressing the IMF’s Virtual Press Briefing on the First Review of Sri Lanka’s EFF Arrangement, he said an IMF delegation is to visit the country in March or April 2024.
On Tuesday night, the IMF’s Executive Board finalised the first EFF review of Sri Lanka.
The third review is expected to be held on or after October 01, 2024, Breuer said.
Breuer went on to say the key to transitioning from stabilidation to a full and swift recovery is sustaining reform momentum and strong ownership of reforms.
He urged Sri Lankan authorities to further advance revenue mobilidation, align energy pricing with costs, strengthen social safety nets, rebuild external buffers, safeguard financial stability, eradicate corruption and enhance governance.
He added that IMF staff would continue to assist Sri Lankan authorities with creditor coordination in line with its policies.
Earlier, the IMF Board completed Sri Lanka’s first review under the 48-month Extended Fund Facility, paving the way for the country to access 337 million U.S. dollars to support its economic policies and reforms.
The IMF said that Sri Lanka had met all but one indicative target at the end of June 2023.
Most structural benchmarks due by end-October 2023 were either met or implemented with delay, the statement said.
The IMF said Sri Lankan authorities have made commendable progress toward restoring debt sustainability, raising revenue, rebuilding reserve buffers, reducing inflation, and safeguarding financial stability.
A strong commitment to improving governance and protecting the poor and vulnerable remains critical, the statement read.
Sri Lanka’s agreements-in-principle with the Official Creditors Committee and Export-Import Bank of China on debt treatments are an important milestone, putting Sri Lanka’s debt on the path towards sustainability, the IMF said.
Sustaining the reform momentum is of paramount importance in steering the economy towards a sustained recovery and fostering stable, inclusive economic growth, said the IMF.
In March this year, the IMF approved a 48-month extended arrangement under EFF of about 3 billion U.S. dollars to support Sri Lanka’s economic policies and reforms.
With this, the total IMF financial support disbursed so far is about 670 million dollars, the IMF said.
News
Easter Sunday Case: Ex-SIS Chief concealed intel, former Defence Secy tells court
Former Defence Secretary Hemasiri Fernando told court on Thursday that then State Intelligence Service (SIS) Director Nilantha Jayawardena was also aware of intelligence information and had acted to conceal it, while also testifying that he believed former President Maithripala Sirisena had prior knowledge of the Easter Sunday terror attacks.
Fernando made the statement while giving evidence before a Trial-at-Bar in the case filed against him over alleged negligence in failing to prevent the 2019 Easter Sunday suicide bombings.
He said he believed that Sirisena, who at the time also held the posts of Defence Minister and Commander-in-Chief of the Armed Forces, had been aware of intelligence inputs relating to the impending attacks.
The former Defence Secretary further alleged that Jayawardena, then Director of the SIS, was also privy to the information and had acted to suppress it.
Fernando is indicted on charges of criminal dereliction of duty for allegedly failing to act on prior intelligence warnings ahead of the coordinated attacks.
Defending his position in court, he maintained that responsibility for the failure lay elsewhere.
“The President, who was the Defence Minister and head of the armed forces, had left the country. As the most senior official, I have been dragged into this case. If the information I presented had been properly examined, this case would not have been filed against me. Those responsible are still at large,” he told court.
News
NCPA gets up to seven child violence complaints daily
The National Child Protection Authority has warned that corporal punishment continues to cause serious harm to children, revealing that it receives between 2,000 and 2,500 complaints of physical violence against children each year — averaging between five and seven complaints a day.
Issuing a statement to mark the International Day to End Corporal Punishment on April 30, the NCPA said both short-term and long-term physical and psychological punishment could severely affect a child’s personality development and emotional wellbeing.
NCPA Chairperson Preethi Inoka Ranasinghe said research had consistently demonstrated the damaging effects of corporal punishment used in disciplining children.
“For decades, parents, elders and teachers have used various forms of physical punishment to discipline children, making it a socially and culturally accepted practice both at home and in schools,” she said.
The Authority stressed that corporal punishment constitutes physical abuse and should not be used under any circumstances.
According to the NCPA, complaints relating to physical violence remain the second highest category of complaints received annually by the institution, with between 2,000 and 2,500 incidents reported each year.
Based on those figures, the Authority receives approximately 5.5 to 6.8 complaints of child physical violence every day.
The NCPA further noted that under Article 19 of the United Nations Convention on the Rights of the Child, children are entitled to protection from all forms of abuse and neglect, an obligation binding on Sri Lanka since 1990.
The Authority also pointed to Article 11 of the 1978 Constitution, which guarantees freedom from cruel, inhuman or degrading treatment, as well as provisions under Section 308(A) of the Penal Code and Education Ministry circulars prohibiting physical and psychological punishment in schools.
The NCPA urged parents, teachers and caregivers to adopt non-violent disciplinary methods and to prioritise the safety and mental wellbeing of children.
News
AKD’s May Day vow: Crackdown looms as corrupt face day of reckoning
President Anura Kumara Dissanayake said that all individuals accused of fraud, corruption and other offences will be brought before the law in the coming weeks, as investigations are being intensified under the NPP administration.
Addressing the Nuwara Eliya District May Day rally on Friday, the President said the government had already strengthened key investigative institutions, including the Criminal Investigation Department and the Bribery Commission, to expedite ongoing probes.
He said a large number of cases involving alleged wrongdoing were now progressing through the legal system, with ten cases scheduled to be taken up in court during May and one case already ordered for a verdict within the month following a directive issued on April 30.
President Dissanayake stressed that the government was acting on a public mandate to ensure accountability, warning that law enforcement action would continue in the months ahead.
He said the administration had taken steps to reverse what he described as a culture of privilege enjoyed by former rulers, while focusing instead on public welfare and governance reform.
“We are making decisions for the people and ensuring that privileges of the ruling class are reduced,” he said, adding that previous governments had worked to expand their own benefits while placing burdens on citizens.
The President claimed that the NPP government had secured the trust of people across all regions, describing it as a “people’s administration” committed to working-class interests.
He also outlined the government’s broader policy direction, including ensuring stable incomes, improved education, housing, the rule of law and national unity.
Warning of further legal action, he said a significant number of individuals accused of corruption would face imprisonment in 2026, adding that no one would be above the law regardless of position or family background.
“We do not distinguish between Presidents, Prime Ministers or their families. The law will apply equally to all offenders,” he said.
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