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Lanka sought IMF assistance 16 times during Mahinda’s presidency
By Rathindra Kuruwita
The government had not ruled out seeking IMF support although it expected the economy to turn around in the coming months, Co -Cabinet spokesman and Plantation Minister Dr. Ramesh Pathirana said yesterday during the post-Cabinet press briefing.
“We have a clear understanding of the challenges we face, and we are ready to consider any option to resolve our issues. In fact, we constantly communicate with the World Bank, the Asian Development Bank (ADB) and other international lending bodies. The government has not ruled out IMF support. During the Mahinda Rajapaksa presidency Sri Lanka went to the IMF for assistance several times,” Minister Pathirana said.
During the Mahinda Rajapaksa presidency Sri Lanka sought IMF assistance 16 times, he said. The Minister added that remittances from Sri Lankans working outside were now increasing along with tourist arrivals.
“We have saved a lot of forex by restricting vehicle and non-essential imports.
However, the rapid rise in fuel prices is a big dent in our resources.
Sri Lanka needs to increase its exports,” he said.
Sri Lanka has a widening trade gap, the Minister said. In 2021, Sri Lanka imported goods in excess of US$ 4.1 billion compared to its exports.
“We need to minimise the trade gap in the short term and we need to have a positive trade balance in the long run. This is the only way out,” Minister Pathirana said.
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Members of Sri Lanka Cricket Transformation Committee Officially Appointed
The official appointment letters for the members of the newly established “Cricket Transformation Committee” (CTC) were handed over on Monday (04) by the Minister of Youth Affairs and Sports, Sunil Kumara Gamage.
The following members received their letters of appointment at the Ministry premises:
Sidath Wettimuny
Thushira Radella
Prakash Schaffter
Ms. Avanthi Colombage
The Ministry also noted that veteran cricketers Roshan Mahanama and Kumar Sangakkara, who are key members of the committee, are currently overseas. Their official appointments will be formalised immediately upon their arrival in Sri Lanka.
The Cricket Transformation Committee has been mandated to oversee the administration and drive structural reforms within Sri Lanka Cricket (SLC) in accordance with the powers vested in the Minister under the Sports Act No. 25 of 1973.
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Three prison guards arrested following the death of an inmate
Three prison guards attached to the Welikada Prison have been arrested by Borella Police following the death of an inmate on Monday (04).
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CJ urged to inquire into AKD’s remarks on May 25 court verdict
‘Bar Association must reveal its stand’
Civil society group ‘Free Lawyers’ has requested Chief Justice Preethi Padman Surasena to probe whether political pressure was brought on a Magistrate, or a High Court Judge, in respect of an ongoing high profile case.
Speaking to The Island on behalf of ‘Free Lawyers,’ Rajith Keerthi Tennakoon said that they felt the urgent need to seek the CJ’s intervention, following the May Day declaration by President Anura Kumara Dissanayake that the verdict of a case that was heard on 30 April would be given on 25 May. Tennakoon said that addressing the NPP’s main May Day rally at Maharagama, the President asked the people to be ready to celebrate that verdict. The President couldn’t have said so if he hadn’t been aware of the impending verdict, Tennakoon said, while emphasising the responsibility on the part of the Bar Association to state its position on the issue.
‘Free Lawyers’ recently captured pubic attention following its exposure of the theft of USD 2.5 mn from the Treasury.
Responding to a query, Tennakoon said that on behalf of ‘Free Lawyers,’ Maithri Gunaratne, PC, on Monday, 4 April, wrote to both CJ Surasena and President of the Bar Association Rajeev Amarasuriya.
Alleging that President Dissanayake’s declaration caused immense harm to the independence of the judiciary and raised controversy over the judgement that would be given on 25 May, ‘Free Lawyers’ organisation also asked the CJ to inquire into whether the entire judicial process was under political pressure.
Tennakoon said that they expect the Bar Association to reveal its position on President Dissanayake’s statement. Tennakoon pointed out that during the May Day address, President Dissanayake made reference to 15 cases that were to be taken up during this month, whereas Transport, Highways and Urban Development Minister, as well as Leader of the House Bimal Rathnayake, mentioned nearly 10 names of politicians, both sitting and former lawmakers, to be summoned beginning, May.
Tennakoon said that the NPP appeared to have used May Day to counter growing accusations over the Colombo port container controversy, coal scam, Rs 13.2 bn NDB fraud and theft of USD 2.5 mn from the Treasury and USD 625,000 from the Sri Lanka Postal Service.
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