Connect with us

News

Indian assistance to Lanka stands at over USD 3 bn so far this year

Published

on

Consignment of rice from India being unloaded at the Colombo port (pic courtesy Indian HC)

Declaring that India’s economic assistance to Sri Lanka stands at more than USD 3 billion in 2022 alone, the Indian HC said yesterday that their support has been instrumental in addressing the diverse needs of the Government and people of Sri Lanka.

The following is the text of the statement issued by the IHC: The USD 1 billion Credit Facility for purchase of food, medicines and other essential commodities is already operational and around 16,000 MT of rice supplied under it, ahead of Avurudu, is being distributed through various Sathosa outlets. Commodities to be supplied from India under this concessional credit line are finalised by the Government of Sri Lanka. Government of India facilitates these supplies strictly in accordance with the priorities of the Government of Sri Lanka. As on date, additional consignments of rice and other food supplies, medicines and industrial raw materials, among others, are envisaged under the credit line.

A separate Line of Credit of USD 500 million for the purchase of petroleum products, such as diesel, petrol and aviation fuel, has paved the way for the delivery of nine consignments of different types of fuel. Petrol and diesel supplies have been distributed across the 1300 CEYPETCO fuel sheds, thereby serving people in all the 25 Districts of Sri Lanka. Close to 400,000 MT of fuel have been delivered under this credit line till date and more consignments will arrive soon.

Deferment of dues of about USD 1 billion till March 2022, to be paid by the Central Bank of Sri Lanka to the Reserve Bank of India, under the Asian Clearing Union, will assist in strengthening the forex reserves of Sri Lanka. This has been complemented by the currency swap of USD 400 million, which was further extended by three months on 18 April 2022.

Multiple forms of economic assistance are bolstered by other forms of support. A large consignment of drugs and medical supplies which was gifted by India was handed over by High Commissioner Gopal Baglay to Hon’ble Channa Jayasumana, Minister of Health in Colombo on 29 April 2022. This consignment has since then been delivered to Teaching Hospital, Peradeniya. Multi-pronged assistance provided by India testifies to the importance Government of India attaches to the welfare of the people of Sri Lanka and is guided by the twin principles of ‘Neighbourhood First’ and S.A.G.A.R (Security and Growth for All in the Region).”



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Prime Minister Holds Bilateral Meetings with ADB Leadership and Participates in education policy dialogue in Manila

Published

on

By

Prime Minister Dr. Harini Amarasuriya held a series of bilateral meetings with senior officials of the Asian Development Bank (ADB) on 10 March at the ADB Headquarters in Manila, during her official visit to the Philippines. The discussions focused on strengthening development cooperation between Sri Lanka and the ADB, reviewing ongoing projects, and exploring opportunities for future collaboration.

The Prime Minister first met with ADB President Masato Kanda. During the meeting, both sides reaffirmed the strong partnership between Sri Lanka and the Asian Development Bank. President Kanda welcomed the Prime Minister’s visit and commended Sri Lanka’s efforts to stabilise the economy and advance recovery following the recent economic crisis.

Prime Minister Amarasuriya expressed Sri Lanka’s appreciation for the continued support extended by ADB, including assistance provided in response to the impacts of Cyclone Ditwah and the Bank’s broader development cooperation with the country. She highlighted the importance of ADB-supported initiatives across key sectors that contribute to Sri Lanka’s ongoing recovery and long-term development.

The Prime Minister also held discussions with Yingming Yang, Vice President (South, Central and West Asia) of ADB, where both sides reviewed the progress of ongoing ADB-funded projects in Sri Lanka and explored opportunities to further strengthen collaboration in areas such as health, education, and social development.

In a separate meeting with Christine Engstrom, Director General of Sectors Department 3, discussions focused on sector-specific initiatives supported by ADB, particularly in human and social development, public sector management, and financial sector reforms. The Prime Minister noted that future investments in the education sector should place greater emphasis on human resource development and improving the quality of teaching and learning, alongside infrastructure development.

Following these meetings, the Prime Minister participated in a Policy Dialogue on Education and Skills Development, which brought together representatives from ASEAN institutions, Philippine education authorities, and ADB officials. The dialogue focused on regional education systems, policy collaboration, and initiatives aimed at strengthening education and skills development frameworks.

During the discussion, the Prime Minister highlighted the importance of expanding education cooperation between Sri Lanka and the Philippines, particularly in areas of policy exchange and institutional collaboration. Participants also discussed the development of the Technical and Vocational Education and Training (TVET) sector and explored opportunities to strengthen skills development frameworks to better align with emerging economic demands.

The engagements in Manila reaffirmed the shared commitment between Sri Lanka, the Asian Development Bank, and regional partners to deepen cooperation in advancing sustainable development, strengthening education systems, and promoting inclusive economic growth.

(Prime Minister’s Media Division)

Continue Reading

News

Prime Minister highlights the importance of recognising Women’s Unpaid Care Work

Published

on

By

Prime Minister Dr Harini Amarasuriya participated in the International Women’s Day Flagship Event hosted by the Asian Development Bank (ADB) on 10 March at the ADB Headquarters in Manila, Philippines. The event brought together senior ADB leadership, representatives of the diplomatic community, and development partners to mark International Women’s Day and to reaffirm global commitments to gender equality.

Delivering the keynote address, the Prime Minister highlighted the critical role of education in empowering women and girls, emphasising that equitable access to quality education remains one of the most powerful tools for achieving social and economic transformation. She underscored Sri Lanka’s longstanding commitment to education and noted the importance of strengthening inclusive learning systems that enable women to fully participate in national development.

The Prime Minister also drew attention to the significant contribution of women’s unpaid care work, noting that it remains largely unrecognised despite its vital role in sustaining families, communities, and national economies. She emphasised the need for policies and social protection mechanisms that acknowledge and support care work, thereby enabling women to participate more fully in economic life.

Addressing broader structural challenges, the Prime Minister stressed the importance of increasing women’s participation in political decision-making and the labour force, noting that inclusive governance and economic participation are essential for sustainable and equitable development.

She highlighted the need for continued collaboration between governments, international institutions, and development partners to remove barriers that limit women’s opportunities.

During the event, Prime Minister was honoured with the Shireen Lateef Women’s Leadership Award in recognition of her commitment to advancing women’s leadership and empowerment.

The event was opened by the President of the Asian Development Bank and senior ADB leadership, followed by a high-level discussion on advancing gender equality across the region. The Prime Minister’s participation reaffirmed Sri Lanka’s commitment to strengthening partnerships with international institutions to promote women’s empowerment and gender-responsive development policies.

(Prime Minister’s Media Division)

Continue Reading

News

CEBEU warns of operational disruptions amid uncertainty over CEB restructuring

Published

on

The Ceylon Electricity Board Engineers’ Union (CEBEU) yesterday warned that uncertainty surrounding the ongoing restructuring of the Ceylon Electricity Board (CEB) had forced many employees to refrain from performing their regular duties, raising concerns about potential disruptions to electricity sector operations.

The engineers’ union said the current situation had arisen due to what it described as either deliberate actions or extreme negligence in implementing the restructuring process, which has created significant confusion among staff who previously served under the CEB.

According to the union, although the state power utility has been formally restructured and new companies established, a large majority of former CEB employees have yet to receive official appointment letters, confirming their positions in the newly formed entities.

“The reality is that the institution, previously known as the Ceylon Electricity Board, no longer exists in its earlier form, yet most employees, who served under it, have not been issued proper appointment letters, or related documentation, assigning them to the newly established companies,” the CEBEU said.

The union said that while some workers had been issued “assignation letters”, those documents merely indicate the institution to which an employee has been attached and do not clearly define employment conditions, responsibilities, authority, or reporting structures.

“As a result, employees currently lack the necessary legal framework confirming their employment status, their duties, the authority under which they operate, and who they are accountable to within the new institutions,” the CEBEU said.

The engineers’ union emphasised that the current crisis was not created by employees but was the direct result of, what it called, shortsighted and questionable actions taken by those responsible for implementing the reforms.

It also expressed concern that the relevant Minister, appointed through the National List, had failed to hold meaningful discussions with employees, despite having previously advocated strongly for workers’ rights.

The union said trade union action had been launched only after months of unsuccessful attempts to resolve the issues through verbal requests and written communication with the authorities.

“Despite repeated appeals made over several months, there has been no satisfactory response. Decisions appear to have been taken under the assumption that a government with a strong mandate can proceed without proper consultation,” the union said.

However, the CEBEU stressed that employees engaged in essential operations—including power generation, transmission, and distribution—continue to work in order to ensure electricity supply to the public.

“These staff members are continuing their duties under considerable risk to prevent major disruptions to the electricity supply,” the union noted.

Nevertheless, the union warned that the prevailing uncertainty could affect certain operational activities, and restoration work following breakdowns may take longer than usual.

The CEBEU appealed to the public to understand the situation and expressed regret for any inconvenience that may arise.

“We request the public to understand the situation and cooperate with us during this difficult period. We sincerely regret any inconvenience that may be caused,” the union added.

By Ifham Nizam

Continue Reading

Trending