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Lanka expected to reach agreement with its commercial creditors – IMF
There is a strong expectation that Sri Lanka will reach agreements with its commercial creditors, consistent with programme parameters, by completion of the second review, International Monetary Fund Communications Director Julie Kozack said on Thursday, addressing a press conference in Washington.
She said that on December 12, 2023, the IMF’s Executive Board approved the first review of Sri Lanka’s programme with the IMF. It enabled a disbursement of 337 million U.S dollars. And on March 21, the IMF Staff and the Sri Lankan authorities reached a Staff-Level Agreement on economic policies to conclude the second review, as well as the 2024 Article IV Consultation.
“Completion of the review by the Executive Board requires, first, the implementation of the prior actions that have been agreed and second, completion of, what we call, financing assurances review. That review would need to confirm that multilateral partners are continuing their financing contributions to Sri Lanka, and it will also assess progress with debt restructuring, and it will need to conclude that adequate progress is being made,” Kozack said.
The IMF Communications Director said the macroeconomic policy reforms in Sri Lanka are starting to bear fruit. Commendable outcomes include rapid disinflation, robust reserve accumulation, and initial signs of economic growth, while preserving stability of the financial system. Public finances have strengthened following substantial fiscal reforms, and it is critical that this reform momentum be continued, she said.
Kozack said the next steps on the debt restructuring are to conclude the negotiations with external commercial creditors and to implement agreements in principle with official creditors.
“The domestic debt operations, you know, part of the debt restructuring, are largely completed, and there is a strong expectation that agreements with commercial creditors consistent with programme parameters will be reached by completion of the second review,” she said.
The Pakistan Navy Ship (PNS) TAIMUR and ASLAT arrived at the Port of Colombo on a goodwill visit on 12 Apr 26.
The visiting ships were welcomed by the Sri Lanka Navy in
compliance with naval traditions.
The duo of ships is commanded by Captain NIAMAT SAEED KHAN (PNS TAIMUR) and Captain NADIR MATEEN AFRIDI (PNS ASLAT).
Meanwhile, the ships are expected to conduct a Bilateral Naval Exercise LION STAR V with the Sri Lanka Navy in Colombo seas.
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Heat index likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Southern and Eastern provinces and Monaragala district
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre at 3.30 p.m. on 11 April 2026, valid for 12 April 2026
The Heat index, the temperature felt on the human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Southern and Eastern provinces and Monaragala district.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note: In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
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Sun directly overhead Cheddikulam, Kebithigollewa, Gomarankadawala and Nilaveli about 12:11 noon. today [12]
On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka from 05th to 15th of April in this year.
The nearest areas of Sri Lanka over which the sun is overhead today (12th) are Cheddikulam, Kebithigollewa, Gomarankadawala and Nilaveli about 12:11 noon.
PNS TAIMUR & ASLAT arrive in Colombo
Sanju Samson and Jamie Overton deliver first points for Chennai Super Kings
Arya, Prabhsimran and Shreyas help Punjab Kings ace another 200-plus chase
Beauty of Sri Lanka in focus: Global showcase blends art, diplomacy and conservation
Showers expected in the Western, Sabaragamuwa, Central, Southern, North-western and Uva provinces and in Ampara, Batticaloa and Polonnaruwa districts after 1.00 p.m.
Heat index likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Southern and Eastern provinces and Monaragala district
‘Dates have the highest sugar content to fight Coronavirus’
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