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Lanka needs sound economic management, reforms: ADB President
ECONOMYNEXT – Sri Lanka needs sound macro-economic management and reforms to get out of the present economic troubles, visiting Asian Development Bank President Masatsugu Asakawa has said as the country grapples with external troubles and high inflation after printing money for two years.
Sri Lanka has managed the Coronavirus epidemic well, he had said. ADB along with the World Bank finance vaccine purchases and helped boost testing and healthcare capacity.
Asakawa had “highlighted the need to underpin sound macroeconomic management with structural reforms,” the ADB said.
Sri Lanka printed large volumes of money to keep interest rate low from early 2020 which have ended up as forex shortages and high inflation, after cutting taxes.
“Sri Lanka is managing a number of complex challenges raised during the COVID-19 pandemic, including through necessary efforts to restore fiscal and external balances while containing inflation,” Asakawa said in a statement following a two day visit the island.
“ADB is committed to supporting the government in addressing the present challenges and striding toward green, resilient, and inclusive growth as well as sustainable energy transition.”
ADB is preparing a new country partnership strategy for Sri Lanka to support its National Policy Framework and medium-term development targets.
Sri Lanka is hosting the 55th Annual Meeting of the ADB Board of Governors in September 2022 with the theme of “Positioning Climate Resilient Green Economy for the Post COVID-19 World”.
Asakawa is to inaugurate Sri Lanka’s first microgrid system and the associated research and development lab at the University of Moratuwa.
The system can operate in both grid-tied and off-grid modes. The pilot, financed under the ADB-assisted Supporting Electricity Supply Reliability Improvement Project, has the potential to be replicated and contribute to a green and climate resilient future, the lender said.
Asakawa will the Colombo Port and the Port Access Elevated Highway Project, which provides a direct link to the port from the expressway network.
He will visit an ADB-supported molecular polymerase chain reaction (PCR) laboratory at the Colombo East Base Hospital. The laboratory—the largest in the country and was established in 2020 to support Sri Lanka in the COVID-19 pandemic.
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Over 40 persons injured in head on crash at Talalla
Over 40 persons have been injured (some critically) as two buses one travelling from Galle to Ampara and the other from Tangalle to Matara crashed head on at Talalla Matara this morning.
The injured have been admitted to the Matara General Hospital and Bathhegama District Hospital.
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Turkiye beat US 3-2 with stoppage-time goal in dead rubber
Turkiye beat a heavily changed United States 3-2 with a late Kaan Ayhan winner in an action-packed dead-rubber clash that gave the 2026 World Cup cohosts their sternest test so far ahead of the knockout rounds.
Already crowned the Group D winners, the US arrived in Los Angeles seeking to extend a perfect start with a third win, but with more than an eye on next Wednesday’s last 32 meeting against Bosnia and Herzegovina.
For Turkiye, already eliminated and without even a goal after disastrous losses to Paraguay and Australia, the only objective was to restore some pride.
Despite the low stakes and substantially reshuffled lineups for both teams, a packed Los Angeles Stadium was in a deafening mood.

For the third game running, the US got off to a dream start. One of nine changes, backup centre-back Auston Trusty, was unmarked at the far post from a US corner, given time to cushion the ball with his left foot, then blast it home.
It was the Celtic defender’s first international goal, and – at just under three minutes – the second-fastest by the US at a World Cup.
But Turkiye did not surrender. Having not scored in 62 efforts across their first two games, it was the 63rd time lucky for the Turks, and their star man, Arda Guler.
The Real Madrid forward duped Mark McKenzie with a clever dummy, allowing the ball to run down the right flank to Baris Alper Yilmaz.
Yilmaz crossed it back to Guler, who smashed it past Matt Turner to equalise in the 10th minute.

With Brad Pitt and Edward Norton among the Hollywood crowd, the game threatened to become a fight club, as Turkiye’s bench rushed the field to protest a foul by the combative Sebastian Berhalter, who earned a yellow.
The Americans thought they had restored the lead, with McKenzie the second US centre-back to put the ball in the net. But his sharp response to Ricardo Pepi’s saved shot was ruled offside.
In the 31st minute, the US found themselves behind for the first time this World Cup.
Guler spotted Eren Elmali’s overlapping run, feeding it to the wing-back, who cut the ball back from the left byline to Yilmaz, who steered it beyond the keeper.
‘Captain America’ returns

The half-time break proved the perfect tonic for the US. In the 49th minute, they were back level from a long throw by McKenzie.
The ball was cleared by Turkiye only as far as Berhalter, who did well to smash his shot low into the bottom corner.
The crowd erupted again just before the hour mark as Mauricio Pochettino sent on Christian Pulisic, undoubtedly the US’s biggest star, who will shoulder much of the cohosts’ hopes of a deep run into the knockouts.
Nicknamed “Captain America”, Pulisic earned his own round of “USA” chants, having not appeared since aggravating an injury in the first half of the opening win against Paraguay two weeks ago.
Pulisic immediately looked lively, twice having his effort blocked from close range after darting runs from the left. He knew less about a ball that looped off his shin onto the post.
Turkiye began to knock on the door again. A Yildiz effort curled inches wide in the 72nd minute.
And deep into stoppage time, Ayhan spoiled the US party, slamming the ball home from close range.
Turkiye were jubilant, while the American players clustered in a circle after the final whistle, seemingly determined not to let the gut punch spoil a campaign that had been off to a flying start.

[Aljazeera]
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UNICEF Delegation Meets Prime Minister
A delegation from UNICEF, accompanied by the United Nations Special Representative of the Secretary-General on Violence Against Children (VAC), Dr. Najat Maalla M’jid, met with Prime Minister Dr. Harini Amarasuriya on Thursday [25 June] at the Parliament premises.
The discussion was focused on further strengthening cooperation and engagement with the Government of Sri Lanka on ensuring the protection and well-being of children, and efforts to prevent and respond to all forms of violence against children.
During the meeting, the Prime Minister acknowledged UNICEF’s continued support to Sri Lanka, particularly during the response to Cyclone Ditwah, as well as its longstanding contributions to reforms in education and early childhood education and initiatives aimed at preventing and addressing violence against children.
The Prime Minister noted that while Sri Lanka has made significant progress in developing policies, the challenge lies in ensuring their effective implementation. She emphasized the need to address gaps in institutional capacity and human resources, while strengthening coordination among the various parts responsible for child protection while highlighting the critical role of frontline workers in the delivery of child protection services.
During the discussion, representatives of UNICEF emphasized the importance of bringing together all relevant stakeholders to address gaps in child protection procedures and referral pathways. Particular attention was given to ensuring that children have clear and accessible mechanisms through which they can report abuse and seek assistance.
Dr. Najat Maalla M’jid highlighted the importance of strengthening the competencies of frontline professionals on psycho social support, early detection, defining direct signs, techniques of effective listening, and safeguarding privacy. The discussions also underscored the growing importance of protecting children from online violence and abuse, and the need to strengthen measures to ensure children’s safety in digital environments.
The meeting was attended by Dr. Najat Maalla M’jid, United Nations Special Representative of the Secretary-General on Violence Against Children; Ms. Emma Brigham, UNICEF Representative; Mr. Marc-André Franche, United Nations Resident Coordinator; officials from the Ministry of Foreign Affairs; and additional secretaries and officials from the Ministry of Education.
[Prime Minister’s Media Division]
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