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Lanka will discuss debt restructuring separately with China-minister
By SHIHAR ANEEZ
ECONOMYNEXT –Sri Lanka will discuss its bilateral debt restructuring process separately with China, but Beijing will be treated equally as the other bilateral lenders, the island nation’s Foreign Minister Ali Sabry said.
Sri Lanka has already started negotiations with its bilateral lenders through Paris Club members and non-Paris Club members. China, however, has not agreed to discuss the debt restructuring process along with other non-Paris Club members, Sabry said.
“Chinese are not comfortable with getting into this common platform. But they are negotiating with us as bilateral creditors,” Sabry told a media briefing on Monday (03) held in Colombo.
“Good thing is that they know the parameters of the negotiation of the common platform. So there is nothing to reinvent the wheel. The idea is to give them also the same comparable treatment but that’s on a bilateral basis,” he said.
China is one of the largest bilateral lenders to Sri Lanka which has defaulted on its external sovereign debts in April last year after an unprecedented economic crisis.
“They are not comfortable coming into this for their own reasons. That’s okay with us as long as finally they agree and come and give us the same relief what we want.”
Other bilateral creditors of Sri Lanka have raised concerns over Beijing’s sluggish process on the debt restructuring before the Export-Import Bank of China offered Sri Lanka a two-year moratorium on its debt before an International Monetary Fund approval of a $3 billion loan.China was the top lender to Sri Lanka’s post-war infrastructure development. During 2010-2016, it accounted for 37 percent of the total external borrowing.
Sri Lanka borrowed $5.9 billion from China for infrastructure development during this period and more than half of these loans from China came through unsolicited proposals for public funded infrastructure projects circumventing the normal competitive procurement process.
China has lent through directly from the Chinese government, from its exim bank and through the Chinese Development Bank.The common platform to discuss Sri Lanka’s bilateral loans introduced by Paris Club, India, and Japan together.
“China, though not a part of the platform, is taking part as the observer. So they know what exactly is being discussed and what kind of relief we will give the bilateral lenders, Sabry said.
“We have very specifically – the president in his to all the bilateral creditors – told all bilateral relief will be comparable. That means no one will get anything better than the others. So it is understood that everybody will be getting the same treatment ultimately when it comes to bilateral creditors.”
“Our understanding and our belief is that – we are talking to the Chinese. We have had several rounds of discussions. We have had initial discussions on the nitty gritties of that. We are very confident that China will help us.”
A commemorative service was held in memory of Rasaiah Parthipan commonly known by the nom de guerre ‘Thileepan’ in Nallur Jaffna this morning (26).
Parthipan a revolutionary member of the LTTE and a student of the University of Jaffna, commenced a hunger strike on 15th September 1987 untill his death on 26th September 1987. He was 23 years old at the time of his demise.
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Landslide Early Warnings issued to the districts of Colombo, Galle, Gampaha, Hambanthota, Kalutara, Kandy, Kegalle, Kurunegala, Matara, Nuwara Eliya and Ratnapura
The National Building Research Institute has issued landslide early warnings to the districts of Colombo, Galle, Gampaha, Hambanthota, Kalutara, Kandy, Kegalle, Kurunegala, Matara, Nuwara Eliya and Ratnapura from 16:00 hrs on 25.09.2026 To 16:00 hrs on 26.09.2026
Accordingly,
LEVEL III [RED] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Neluwa, Nagoda, Niyagama and Thawalama inthe Galle district, Ganga Ihala Korale, Udapalatha, Doluwa and Pasbage Korale in the Kandy district, and Kothmale West, Ambagamuwa, Kotmale East and Norwood in the Nuwara Eliya district.
LEVEL II [AMBER] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Elpitiya, Baddegama and Karandeniya in the Galle district, Walallawita in the Kalutara district, Deltota, Udunuwara, Gangawata Korale, Yatinuwara and Panvila in the Kandy district, Aranayake, Dehiowita, Mawanella, Deraniyagala and Yatiyanthota in the Kegalle district, Thalawakelle in the Nuwara Eliya district and Ratnapura and Pelmadulla in the Ratnapura district.
LEVEL I [YELLOW] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Seethawaka and Padukka in the Colombo district, Attanagalla and Mirigama in the Gampaha district, Katuwana and Walasmulla in the Hambanthota district, Ingiriya and Bulathsinhala in the Kalutara district, Hatharaliyadda, Poojapitiya, Medadumbara, Kundasale, Ududumbara, Thumpane, Akurana, Pathadumbara, Harispattuwa and Pathahewaheta in the Kandy district, Warakapola, Bulathkohupitiya, Galigamuwa, Kegalle and Ruwanwella in the Kegalle district, Mallawapitiya, Alawwa, Polgahawela and Mawathagama in the Kegalle district, Pitabeddara, Kotapola and Pasgoda in the Matara district, Nuwara Eliya in the Nuwara Eliya district and Elapatha, Ayagama, Nivithigala, Kuruwita and Kalawana in the Ratnapura district
Parliament yesterday passed the Twenty-Second Amendment to the Constitution Bill and the Judicature (Amendment) Bill with two-thirds majorities, with 158 MPs voting in favour and 63 against each Bill.
The Illankai Tamil Arasu Kadchi (ITAK) and Sri Lanka Muslim Congress (SLMC) voted with the SJB against the Bills.
NDF MPs Ravi Karunanayake and Faizer Musthapha and SJB Badulla District MP Nayana Wasalathilaka were not present when the votes were taken.
The final vote on the Judicature (Amendment) Bill was announced at around 8.08 p.m. after Opposition MPs called for divisions on its clauses during the Committee Stage.
The votes followed a two-day debate which commenced on Thursday (24), after Justice and National Integration Minister Harshana Nanayakkara presented the Bills for their Second Reading.
The Supreme Court’s determination on the Bills was presented to Parliament on Tuesday (22) by Speaker Dr Jagath Wickramaratne. The Court determined that the 22nd Amendment Bill did not require approval at a referendum and could be passed by a special two-thirds majority in Parliament.
The amendment provides for raising the mandatory retirement age of Supreme Court judges from 65 to 67 and that of Court of Appeal judges from 63 to 65. It also provides for the Chief Justice to retire at 67 or after completing six years in office, whichever comes earlier.
The Speaker informed Parliament that the Judicature (Amendment) Bill could be passed by a simple majority.
The SJB opposed the legislation and its MPs attended Parliament dressed in black yesterday. The party also staged a protest at Polduwa Junction, Battaramulla, under the theme “No to 22, which destroys democracy”, with Opposition Leader Sajith Premadasa and several SJB politicians participating.
Thileepan rembered on 39th death anniversary
Landslide Early Warnings issued to the districts of Colombo, Galle, Gampaha, Hambanthota, Kalutara, Kandy, Kegalle, Kurunegala, Matara, Nuwara Eliya and Ratnapura
Showers in the Western, Uva and Sabaragamuwa provinces and in Galle, Matara, Kandy, Nuwara-Eliya, Batticaloa and Ampara districts.
22A, Judicature Amendment Bills passed with 2/3 majority
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