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IMF warns it is crucial for Sri Lanka to protect hard-earned achievements – meaning no deviation from agreed goals

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The International Monetary Fund (IMF) on Thursday (12th) stated that although Sri Lanka has made significant progress, the country is not yet out of danger, and it is crucial to protect the hard-earned achievements.

Speaking at an IMF press briefing, Julie Kozack, Director of the Communications Department, emphasised that the upcoming elections are a matter for the Sri Lankan people to decide. “Achieving the programme’s objectives is a key priority to give Sri Lanka the opportunity to emerge from one of its worst crises in history.”

“On 12th June, our Executive Board completed the 2024 Article IV Consultation and the Second Review of the Extended Fund Facility (EFF) programme. This provided the country with access to approximately 336 million US dollars. The programme’s performance remains strong. Reform efforts are yielding results, economic growth is beginning to recover, inflation is declining, international reserves are increasing, and revenue mobilisation is improving. However, significant vulnerabilities remain, and maintaining reform momentum will be essential,” the spokesperson said.

Responding to a question regarding private creditors submitting their proposal for debt restructuring to the IMF, the spokesperson noted that the implementation of domestic debt restructuring and the finalisation of agreements with the official creditor committee and the China EXIM Bank are major milestones.

The IMF staff assessed the so-called joint working framework and provided an assessment of it to the Sri Lankan authorities. Furthermore, at the request of the Sri Lankan authorities, the IMF staff shared this assessment with the financial advisors of the country’s bondholders, she highlighted.

The spokesperson added, “That is the extent of our role in the debt process. I would like to stress that the IMF does not participate in negotiations for debt restructuring. These discussions take place between the member country and its creditors, while the IMF conducts an overall assessment of debt sustainability. I also refer you to a press release issued by the Sri Lankan authorities, which provides further details.”

With regards to a question on the debt sustainability assessment (DSA), the spokesperson reiterated that the upcoming presidential elections are for the people of Sri Lanka to decide. “From the IMF’s perspective, the programme has achieved significant progress, but it is vital to safeguard these gains to ensure the country fully recovers from one of its most severe crises.”

The timing of the Third Review will be determined in consultation with the government after the elections.

“We will resume programme discussions after the presidential elections have concluded and, depending on the choice of the people, we will be ready to proceed accordingly,” he added.



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Food Security is vital to ensuring a Nation’s Sovereignty and National Security – Prime Minister

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Prime Minister Dr. Harini Amarasuriya stated that, in the face of the turbulent global environment prevailing today, agriculture is confronting significant challenges, and that food security is a crucial factor affecting a country’s stability, sovereignty, and national security.

The Prime Minister made these remarks on 28 of April at the Waters Edge, Battaramulla, while addressing the National Youth Agripreneur Showvase and B2B connect Conference organised under the Smallholder Agribusiness Partnership Programme (SAPP), funded jointly by the International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka. The programme aims to empower rural youth to engage in agribusiness ventures.

Addressing the gathering, the Prime Minister further stated:

“I commend the organisers for successfully conducting this event despite the various challenges faced by the country.

You are playing an important role in both the agricultural sector and the national economy. I am happy to witness talented agri-entrepreneurs such as yourselves.

Food security, founded on agriculture, directly impacts a nation’s national security. Concepts such as ’Grow and Sell’ contribute significantly to strengthening the production economy.

During the COVID crisis, as well as amidst the current conflicts in the Middle East, it has become evident that if countries lack food security, their economies become vulnerable. Even a minor decision taken by leaders can disrupt supply chains.

Climate change also poses serious challenges to agriculture. When climatic and environmental conditions become difficult to predict, agriculture itself is threatened. In such a context, your contribution as agri-entrepreneurs goes beyond earning an income. It is also a direct contribution to the nation’s food security and, consequently, to national security. Your talents and innovations are important not only to yourselves, but to the people of the country as a whole”.

The Prime Minister also expressed gratitude for the support extended by institutions such as IFAD and SAPP, and conveyed best wishes to the country’s creative entrepreneurial youth.

The occasion was attended by the Minister of Agriculture, Livestock, Land and Irrigation K.D. Lalkantha; Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe; Secretary to the Ministry of Agriculture, Livestock, Land and Irrigation D.P. Wickramasinghe; Additional Secretary of the Ministry Lathisha Priyanthi; Director of SAPP Sunimal Chandrasiri; and several other distinguished guests.

(Prime Minister’s Media Division)

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Explanation sought from AKD on ‘Russian energy supplies’

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Wasantha

The National Patriotic Front (NPF) has said the NPP government owes the public an explanation regarding the status of negotiations with Russia to secure energy supplies.

NPF General Secretary Dr. Wasantha Bandara said that Sri Lanka was in such a desperate situation, the current dispensation couldn’t, under any circumstances, miss the opportunity to reach consensus with Russia in this regard.

Dr. Bandara was responding to The Island query in the wake of the NPF, in a letter, dated 27 April, warning President Anura Kumara Dissanayake of the catastrophic consequences for the country if it failed to obtain energy supplies on affordable terms.

Alleging that various interested parties, within the government, and the Western diplomatic community, hindered the successful conclusion of an agreement/agreements between Sri Lanka and Russia, Dr. Bandara pointed out that those in authority seemed to have conveniently forgotten that Sri Lanka received two Russian delegations. In late March and early April 2026, Russian Deputy Energy Minister Roman Marshavin and Deputy Foreign Minister Andrey Rudenko, visited Colombo where the focus was on long-term fuel supplies, investment, and tourism.

Dr. Bandara said that Anura Karunatilleke, who succeeded Energy Minister Kumara Jayakody, embroiled in the coal scam, was yet to meet the Russian Ambassador in Colombo Levan Dzhagaryan, who wants to explore ways and means of expediting the process. Instead,

British High Commissioner Andrew Patrick meets Energy Minister
Karunatilleke and Deputy Civil Aviation Minister Janaka Ruwan Kodithuwakku

Karunatilleke and Deputy Civil Aviation Minister Janaka Ruwan Kodithuwakku recently met British High Commissioner Andrew Patrick, Dr Bandara said. Referring to BHC post that they discussed how Sri Lanka could maximise its ports and airports, including through existing and new UK partnerships, alongside UK support for green energy, particularly offshore wind, Dr. Bandara emphasised that the UK and EU struggling to meet their own energy demands couldn’t help Sri Lanka.

In the NPF letter to President Dissanayake, Dr. Bandara alleged that Sri Lanka could secure a barrel of Russian crude for USD 150 to 160 whereas procurement through India cost a lot more. The NPF emphasised the responsibility on the part of the NPP government to maintain close relations with China, Russia and Iran, Sri Lanka’s long-time friends.

The NPF has urged President Dissanayake to intervene without further delay to ensure national interest in this matter is given utmost importance.

Dr. Bandara pointed out that those in charge of coal procurement told a parliamentary committee how the trouble started after Sri Lanka moved from Russian coal to South African products through disgraced Indian firm Trident Chemphar Ltd. Dr. Bandara asserted that political parties, represented in Parliament, should take up this matter vigorously and shouldn’t be distracted by vile NPP strategies.

By Shamindra Ferdinando

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US reiterates its commitment to enhancing relations with Northern Sri Lanka

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The US Embassy in Sri Lanka, on April 26, celebrated the 15th anniversary of American Corner Jaffna (ACJ), highlighting its longstanding role in connecting communities in Northern Sri Lanka with the United States through programmes focused on education, innovation, and American values. The Embassy also inaugurated the new “Freedom 250 Pavilion,” part of the global Freedom 250 initiative commemorating 250 years of American independence, the Embassy said in a press release issued yesterday (27)

Speaking at the event, US Embassy Public Affairs Officer Menaka Nayyar said: “American Corner Jaffna reflects the United States’ commitment to sharing American values, culture, and ideas with the people of Northern Sri Lanka. On July 4, 2026, the United States will celebrate 250 years of independence—a milestone that highlights our founding ideals and partnerships around the world, including here in Jaffna. Through the new Freedom 250 Pavilion and our programs, we invite the community to engage with the United States and learn more about our history, society, and innovation.”

In 2025 alone, ACJ hosted nearly 400 programmes, reaching more than 10,000 participants. Located at No. 23, Athiyady Road, Nallur, Jaffna, American Corner Jaffna provides free access to resources on the United States, English language learning, educational advising, and skills-based programming.

Established in 2011, in partnership with the Jaffna Social Action Centre, American Corner Jaffna was created as a platform for direct engagement with local communities—offering opportunities to learn about the United States while building skills in critical thinking, leadership, and innovation.

Launched in the post-conflict period, the Corner has played a key role in connecting emerging leaders in Northern Sri Lanka with ideas, resources, and opportunities rooted in American experience and perspectives. The Freedom 250 Pavilion expands ACJ’s capacity to host interactive programmes and community events, reinforcing the Corner’s role as a dynamic space for collaboration, dialogue, and learning.

Individuals can take part in free programmes by visiting American Corner Jaffna in person, contacting the Corner at 021 222 0665 or via email at info@americancornerjaffna.com, and following American Corner Jaffna on Facebook (facebook.com/amcornerjaffna) for the latest updates on events, registration, and membership opportunities.

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