News
Lanka awaits statement from external creditors
By Sanath Nanayakkare
Central Bank Governor Dr. Nandalal Weerasinghe said in Colombo on Tuesday that the country would be awaiting an ‘important statement’ from its external creditors following a presentation made to them on Friday, laying out the full extent of the country’s economic crisis and plans for debt restructuring in the run-up to an International Monetary Fund bailout.
Earlier, the Finance Ministry said in a statement that the online call arranged by legal firm Clifford Chance on 23 Sept. would be open to all of Sri Lanka’s external creditors and be ‘an interactive session’ in which participants can ask questions.
“We have to obtain financial assurances collectively from our bilateral and other creditors that they are willing to support Sri Lanka in its debt restructuring process for the IMF Executive Board to start disbursing funds to Sri Lanka,” the Central Bank Governor said.
“That assurance is the next crucial step for us to get from our international creditors, friends and partners for us to be able to demonstrate that they will be supporting Sri Lanka in its debt restructuring plans and its IMF programme,” he said.
“That is what we are going to do from Friday onwards and we will be seeking that important statement from them. All our friendly countries have been helping at this difficult time. However, we need to lay out the restructuring plan in an open and transparent manner so that everyone will clearly see what they and what others are offered in the process. Hopefully they will give us that assurance and the sooner we get it the better. That’s the time-frame. A lot of people ask me how long it would take. I have to say that it depends on our international partners; as soon as they give us necessary financial assurances, the IMF can start disbursing the four-year extended fund facility to Sri Lanka. Then there will be a lot of investors as well as other valued partners such as the World Bank to enhance their support to Sri Lanka from that point onwards.
That I hope will be a crucial turning point for us to stabilize the economy.”
The Governor also pointed out that the people would have to go through a difficult period as the economy has contracted.
“We have had to manage our imports within our export incomes, and we also have to manage through way too high interest rates and slowing down of economic activities. These have to be dealt with while protecting the most affected vulnerable sections of the society, and in this context, others will have to bear some of the pain. That’s why we have had to take some difficult measures while ensuring the pain would not be too substantial. Once we get the assurances from our creditors for the restructuring plan and subsequently the approval from the Executive Board, I am very confident that we can stabilise the economy and we all can gradually get back to normal economic and business activities as we used to do in the past.”
Meanwhile, India said on Tuesday it had started bilateral discussions with Sri Lanka on restructuring Sri Lanka’s debt. The first round was held on Sept. 16 in a cordial atmosphere that showed India’s support for an early conclusion and approval of an International Monetary Fund loan programme for Sri Lanka.
Meanwhile a news report in The Hindu on Sept. 20 titled ‘China keeps Pakistan, Sri Lanka waiting on loan deals’ said: “While Japan and India have been very supportive of the IMF process from the beginning, all eyes are on China as to how it would react to debt restructuring with Sri Lanka”.
However, Beijing in response to Sri Lanka’s IMF agreement had earlier made a statement favorable to Colombo as a ‘traditional friendly neighbour’ of Sri Lanka and a ‘major shareholder’ of the IMF. It said that China has always been encouraging the IMF and other international financial institutions to continue to play a positive role in supporting Sri Lanka’s response to its current difficulties and its efforts to ease debt burden and realise sustainable development.
Latest News
70,297 persons still in safety centers
The Situation Report issued by the Disaster Management Center at 06:00AM on 16th December 2025 shows that 70,297 persons belonging to 22,338 house holds are still being housed at 731 safety centers established by the government.
The number of deaths due to the recent disastrous weather stands at 643 while 183 persons are missing.

News
MEPA to crack down on marine polluters
… Warns would-be polluters of criminal prosecution, hefty fines and even blacklisting
The Marine Environment Protection Authority (MEPA) has warned that ship owners, operators and local entities responsible for marine pollution will face criminal prosecution, heavy financial penalties and possible blacklisting, MEPA Chairman Samantha Gunasekera said yesterday.
Gunasekera told The Island that Sri Lanka would no longer tolerate negligence and regulatory breaches that threaten the country’s marine ecosystems, coastal livelihoods and national economy.
“Any party that pollutes our seas—whether foreign vessels or local operators—should be prepared to face the full force of the law,” Gunasekera said. “There will be no room for excuses, delays or backdoor negotiations when marine pollution is involved.”
He said MEPA has intensified surveillance of major shipping routes, ports and environmentally sensitive zones amid rising maritime traffic through Sri Lankan waters, which remain among the busiest in the Indian Ocean.
by Ifham Nizam
News
SC delegation, headed by CJ Surasena, observes Indian Supreme Court in action
A 10-member delegation from Sri Lanka’s Supreme Court, headed by Chief Justice P. Padman Surasena, departed to New Delhi on the 11th of December, 2025, for an official visit to the Supreme Court of India as part of the ongoing official visit by the delegation to India.
The group was accorded a ceremonial welcome in the Court’s main hall, led by the Chief Justice of India (CJI) Surya Kant. CJI Kant told the assembled Judges that “the Indian judiciary was honoured to host” their Sri Lankan counterparts, expressing hope that the visit would be “meaningful and very constructive” and underscoring the “close emotional bonds” between the two countries.
The focal point of the programme was a special sitting of the Supreme Court. Chief Justice Surasena joined CJI Kant and Justice Joymalya Bagchi on the bench, presiding over the Court as a guest Justice. He was accompanied by nine other Supreme Court justices from Sri Lanka, who took seats in the well of CJI Kant’s courtroom to observe the day’s proceedings.
Supreme Court Bar Association President Vikas Singh formally greeted the delegation and praised Justice Surasena’s reformist efforts. Singh recalled the Sri Lankan Chief Justice’s own maxim, “If you want something you have never had, then you have got to do something you have never done”, highlighting the bold changes Surasena had introduced to modernise Sri Lanka’s Court system. Singh noted that these initiatives, particularly court digitization, were aimed at eradicating “the persisting problems of law delays” and streamlining case backlogs.
The Sri Lankan Judges spent the morning observing live Supreme Court proceedings in CJI Kant’s courtroom. This first-hand exposure to Indian court operations formed a key part of the programme’s judicial engagement. During the hour-long session, the visiting justices witnessed a range of cases on the Supreme Court’s roster, with Justice Surasena and the delegation following arguments from the front. The experience was designed to be immersive and following the hearing the Sri Lankan Judges were briefed on India’s own initiatives towards a digitalised court system, e-filing and case management systems.
The official programme then shifted to capacity-building and information exchange. In the early afternoon, Indian Supreme Court officials gave the Sri Lankan delegation detailed briefings on India’s technological initiatives. Court registrars demonstrated the e-filing system and other e-initiatives implemented by the Supreme Court of India. Additional presentations outlined the Court’s new case management systems and administrative reforms. These sessions highlighted how digital tools and better case-listing procedures have been used in India to increase efficiency. The Sri Lankan judges asked questions about India’s experience with electronic court records and the integration of technology in daily judicial work, reflecting their own interest in similar reforms back home.
The visit underscored the growing collaboration between the Indian and Sri Lankan judiciaries. Throughout the proceedings, both sides emphasised their shared legal traditions and mutual respect. As Chief Justice Surasena noted during the sitting, India is Sri Lanka’s “closest neighbour,” and historic links, even dating back to ancient epics, form the backdrop for today’s judicial dialogue. CJI Kant remarked that having the chief justices of two vibrant democracies together on the bench was a “significant moment” for the rule of law.
The Sri Lankan delegation continued its programme in Delhi on 12 December with a visit to the Delhi High Court and its International Arbitration and Mediation Centres. The exchange visit is expected to deepen judicial cooperation and provide practical insights for both courts. Officials on both sides say the engagement aimed at sharing best practices in court administration, reinforce legal ties and support ongoing reforms aimed at reducing case backlogs and delays.
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