News
IMF wants donor coordination, for countries like Sri Lanka, expanded

The IMF is looking for ways to expand donor coordination to middle-income countries, such as Sri Lanka, IMF Managing Director Kristalina Georgieva said on Thursday in Washington, DC.The IMF is also pressing for a more effective debt resolution mechanism, she said. Georgieva added that they want the G20 Common Framework to become more predictable, with clear guidelines and equality of treatment for all creditors, public and private.
“We are also looking for ways to expand that kind of donor coordination to middle-income countries, such as Sri Lanka,” she said.
The IMF Managing Director said for countries suffering from the food crisis, they have expeditiously opened emergency financing—the Food Shock Window—to provide rapid financing for urgent needs.Given below are excerpts of her statement, “We are appealing to policymakers to act with a sense of urgency now, and to act together. We see very clear areas where we can do better, even in this more complex environment.
“First, bring inflation down. We know that rising interest rates come at a cost to growth. But we also know that not tightening enough, to put a leash on inflation, would mean interest rates staying higher for longer, resulting in even more harm to growth and people. For central banks, this means taking decisive action when necessary, and communicating as clearly as they can.
“Second, act now to put in place responsible fiscal policy. We must prioritize protecting vulnerable households and businesses. But we have to do that at a time when fiscal buffers are exhausted because of the pandemic and levels of debt are very high. The obvious conclusion is that policy measures need to be temporary and well-targeted. Steer away from across-the-board fiscal support that is neither effective nor affordable.
“If we are to help people and fight inflation, we must ensure that fiscal and monetary policies go hand in hand. When monetary policy hits the brakes, fiscal policy should not step on the accelerator—that would make for a very dangerous ride.
“Third, act now to safeguard financial stability, particularly as we see rising financial sector risks. Macroprudential policies need to be even more vigilant and proactively address pockets of vulnerability.
In this environment, we also must support vulnerable emerging markets and developing countries. It is tough for everybody, but it is even tougher for countries that are now being hit by a stronger dollar, high borrowing costs, and capital outflows—a triple blow that is particularly heavy for countries that are under a high level of debt. We are focusing on debt this week, especially for low-income countries where over 60% are at or near debt distress.”
News
Maduru Oya helicopter crash: Army, Air Force launch probes

Bell 212 accident during passing out parade kills six military personnel, injures six others
A Bell 212 helicopter, belonging to the Sri Lanka Air Force (SLAF), crashed into the Maduru Oya reservoir yesterday morning, killing six forces personnel and injuring six others. The helicopter was on a routine mission in support of a Special Forces passing-out parade when it encountered technical difficulties and attempted an emergency landing.
The crash occurred at approximately 8:17 a.m., after the helicopter took off from the SLAF Base Hingurakgoda, at 6:47 a.m., and picked up Army personnel in Maduru Oya around 7:08 a.m. According to the SLAF, the aircraft was conducting a heli-rappelling drill as part of a military demonstration when it suffered a technical malfunction shortly after takeoff.
The aircraft was carrying 12 individuals—six from the Army and six from the Air Force, including two pilots. Initial rescue efforts led to all passengers being retrieved alive and transported to the Aralaganwila Regional Hospital, with eight later transferred to the Polonnaruwa General Hospital due to the severity of their injuries.
Despite emergency medical care, six of the personnel succumbed to their injuries—four Army Special Forces soldiers and two Air Force members. Among the deceased were helicopter gunmen and elite Special Forces troops.
In the wake of the tragedy, both the Army and Air Force have launched separate investigations to determine the cause of the crash. Air Force Commander Air Marshal Bandu Edirisinghe has appointed a nine-member inquiry committee, while Army Commander Lieutenant General Lasantha Rodrigo confirmed that expert teams have been dispatched to the crash site to gather evidence.
Air Force spokesperson Group Captain Eranda Geeganage said the crash occurred during a drill demonstration at the training school and that the exact cause of the accident remains unknown at this time.The remaining six injured personnel are still receiving treatment, with their conditions being closely monitored.
By Norman Palihawadane
News
Cardinal Prevost becomes Pope Leo XIV

Nearly half a century has passed since the Catholic Church last had an Italian Pope. In the hallowed corridors of the Vatican, as the Conclave began deliberations to elect a successor to Pope Francis, several Italian names were whispered with increasing frequency. Chief among them was Cardinal Pietro Parolin, the Vatican’s Secretary of State, a seasoned diplomat, and well-known among the electors. Others, like Cardinals Pierbattista Pizzaballa and Matteo Zuppi, also had their share of admirers.
Yet, when the white smoke rose above the Sistine Chapel, it was not an Italian who emerged. Instead, the Cardinals turned to an unheralded American – Robert Francis Prevost, a canon law professor and lifelong missionary – electing him as successor to St. Peter. He has taken the name Pope Leo XIV.
Though born in the United States, Pope Leo’s spiritual and pastoral heart lies in Peru, where he spent much of his life in missionary service. His elevation comes as a surprise to many as he had been made a Cardinal just two years earlier, appointed by Pope Francis himself. A relative newcomer in the College of Cardinals, he was seen by many as a wildcard – yet perhaps that’s exactly what the Church needed.
At 69, Pope Leo is poised for what could be a lengthy pontificate – time enough, perhaps, to carry forward the reforms initiated by his predecessor. It’s no secret that Pope Francis saw in him a leader fit for the challenges of global Catholicism. When Prevost returned from Peru to head the Augustinian Order – a role he held for 12 years – it was Francis who sent him back across continents, appointing him Bishop of Chiclayo and entrusting him with pastoral care once more in Peru.
Those close to the new Pontiff describe him as deeply spiritual, a steady hand, and a bridge-builder, qualities sorely needed in a Church increasingly split between traditionalists and reformists. He is expected to offer a more measured, balanced approach on key issues, fostering dialogue rather than division.
In many ways, this Conclave echoed the dramatic scenes of October 1978, when an unknown outsider from Poland – Karol Wojtyla – was chosen as Pope John Paul II. Like then, the Cardinals have once again looked beyond the obvious front-runners. But, unlike 1978, when it took eight ballots to break the deadlock and settle on a compromise, this time it took just four.
That speed speaks volumes. The Cardinals were not merely settling – they were convinced that here’s the man to take the Church forward. In Cardinal Prevost, they found a shepherd capable of steering the Church through a time of transition, someone who could temper Franciscan reform with pastoral wisdom and unite a divided flock under the banner of faith and humility.
By Rex Clementine
News
Appeals Court nullify appointment of RDA Director General

The Court of Appeal on Thursday issued a writ order nullifying the appointment of S.M.P. Suriyabandara as the Director General of the Road Development Authority (RDA), citing a breach of proper procedure. The Court found that the selection process was in violation of established appointment guidelines.
The Court directed the RDA and the Minister of Transport and Highways to appoint K.W. Kandambi to the post, with effect from 5th March 2024. Kandambi, a civil engineer with 23 years of service at the RDA, had outperformed Suriyabandara in the official interview process, scoring 61 marks compared to Suriyabandara’s lower score.
President’s Counsel Faizer Mustapha, representing Kandambi, argued that appointing a candidate with fewer marks was unlawful and requested the Court to invalidate the appointment.
Acting President of the Court of Appeal, Mohamed Lafar Tahir, ruled that the respondents had violated the law in their selection process, thus issuing the writ order to correct the appointment.
By A.J.A. Abeynayake
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