News
IMF in talks towards Lanka programme review
By INDIKA SAKALASOORIYA IN WASHINGTON
ECONOMYNEXT –The International Monetary Fund in talks with Sri Lanka’s new administration on its priorities and is working towards the next review to continue its Extended Fund Facility program with the island.
A Sri Lankan delegation, led by the Central Bank Governor, the Finance Ministry Secretary, and the President’s Advisor on economic matters, Duminda Hulangamuwa, is currently engaged in these talks.
“Under the programme we have elements which address some of the priorities of the new government including social protection and so on,” Krishna Srinivasan, Director of the IMF’s Asia Pacific Department said in Washington.
“But the details of the programme are continuing and they’ll be happening this week in Washington.
“And we are encouraged by what we’ve heard so far and hope that we can move fast toward the third review which should start soon.”
The third review of the 48-month bailout package, originally scheduled for September on June economic data, was postponed due to Sri Lanka’s presidential election, which saw Anura Dissanayake elected as the country’s new president.
Srinivasan, who led a high-level IMF delegation to Colombo following the election of the new president, said there was consensus with Sri Lanka authorities to safeguard and build on the hard-won gains achieved under the existing programme.
With the IMF’s help, Sri Lanka has reached an agreement with the country’s official creditors, and an in-principle agreement with the private creditors.
The next step for the country would be to reach a formal agreement with all the creditors.
“That’s a big step forward,” Srinivasan said. “Of course that’s not the end. There is a lot more work to be done with regards to the continuity of reforms. There is a long way to go before you are on a path of strong and sustainable recovery,”
Sri Lanka has made significant progress from the depths of the crisis it faced in 2022, achieving positive growth over the last four quarters. However, the recovery has been uneven, particularly impacting the poor and vulnerable groups, who continue to bear the brunt of economic challenges.
News
Navy Commander attends Trans-Regional Seapower Symposium in Italy
The Commander of the Sri Lanka Navy, Vice Admiral Damian Fernando attended the 15th edition of Trans-Regional Seapower Symposium, organised by the Italian Navy in Venice in Italy, on 6 and 7 October 2026.
The symposium was held at the Italian Navy‟s historic Arsenal in Venice under the theme “From Regional Waters to Global Influence: Generating Effects Across the Midland Seas of the World”.
Organised biennially by the Italian Navy since 1996, the symposium brings together heads of foreign navies, naval representatives, academics, industry representatives and scientific researchers to discuss maritime security and the role of regional maritime dynamics in shaping the global balance.
The sessions of the symposium aimed to present an analysis of the relevance and influence of regional dynamics on global balances and their relative implications within the maritime domain.
Thus, topics discussed included; ‘Geopolitical Background: Global and Regional Dynamics in Comparison,’ ‘Pivotal Role of Cooperation among Regional Alliances as Security Providers,’
‘Maritime Regional Security Complexes, Global Order and Sea-Based Flows – What Role for Navies?,’ ‘New Arctic Chessboard: Seapower, Resources and the Race for Connectivity,’ ‘Future-
Proof Capabilities: A Naval Force Designed to Operate Across Oceans, Act Within Regions and Deliver Effects on the Ground,’ ‘Future Seas: Industrial Scale, Decisive Mass and Innovation –
Securing the Maritime Domain’ and ‘Future-Proof Leadership: Preparing Maritime Commanders and Sailors for Complexity,’
Cooperation fostered through symposiums of this nature, which bring together a multitude of global maritime stakeholders, will enable the Sri Lanka Navy to respond collectively to maritime
challenges, in pursuit of maintaining a safe, secure, prosperous and a stable ocean region.
Latest News
Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces
WEATHER FORECAST FOR 13 October 2026
Issued at 2.00 p.m. on 12 October 2026 by the Department of Meteorology
A low-pressure area may form over the southeastern Bay of Bengal by 13 October.
Under the influence of this system, an increase in rainfall is expected over the island and the deep and shallow sea areas around the island during the next few days from tomorrow (13).
The general public, as well as the naval and fishing communities, are requested to be attentive to the future forecasts and bulletins issued by the Department of Meteorology in this regard.
Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces.
Fairly heavy showers above 75 mm are likely at some places in the other areas of the island. Showers or thundershowers will occur in most parts of the island.
The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.
Misty conditions can be expected at some places in the Sabaragamuwa, Central and Uva provinces during the early hours of the morning.
News
Elephant enrichment programme centred on the Thabbowa Reservoir proves successful
As part of the new government’s initiative to formulate scientifically grounded, long-term solutions to the human-elephant conflict, a programme aimed at sustainably fulfilling the natural food and water requirements of wild elephants within forest ecosystems is being successfully implemented.
Spearheaded by the Ministers of Environment, guided by the Secretary to the Ministry of Environment, and supported by all affiliated institutions, this initiative transforms tanks (reservoirs) and forest tracts in high-conflict areas into enriched zones for wild elephants.
To facilitate this forest enrichment drive, 113 forests have already been declared protected reserves under the Vanaspathi National Programme. The initial phase of establishing tank enrichment zones was launched around the Kala Wewa and Thabbowa reservoirs.
Accordingly, the Ministry of Environment and ‘Clean Sri Lanka’ jointly carried out an initiative to develop these reservoir
catchments into designated enrichment zones.
A year ago, an operation to eradicate invasive plant species that posed a severe environmental threat to the Thabbowa reservoir precinct was conducted with the comprehensive labour and
technical support of government officials, environmental scientists, the tri-forces, and residents.
Since the new government’s policy of “A Sustainable Biosphere, An Evergreen Life” is practically implemented at the ground level, officials from the Department of Wildlife Conservation and the Department of Forest Conservation have been continuously monitoring the ongoing progress and
field conditions of this collaborative project under ministerial directives.
During these field reviews, it was observed that following the removal of invasive flora, the tendency of wild elephants to wander into villages searching for sustenance has notably declined; instead, they increasingly frequent the naturally regenerated grasslands along the reservoir fringes.
Having proven this ecological model’s success through trials at Thabbowa and Kala Wewa, the Ministry of Environment has finalized all necessary blueprints to swiftly replicate it across other sensitive wetland systems and reserve zones where human-elephant conflict is prevalent.
By enriching wildlife habitats, this sustainable, eco-friendly, and scientific strategy protects human lives and cultivated farmlands while securing space for wild elephants in their native habitats, continuing to show promising results across high-conflict regions.
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