News
Sitharaman asks China to join Japan, India and France in their effort to help Lanka
India’s Finance Minister Nirmala Sitharaman has invited China, as a large creditor to Sri Lanka, to join Japan, India and France in their effort to help the country cope with its debt distress.
She has also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief measures for countries facing debt vulnerabilities, according to a report in The Hindu.
Terming multilateral development banks’ (MDBs) reforms and debt-relief measures for many stressed economies as the top two finance track priorities for India during its G-20 Presidency, Sitharaman said that a comprehensive, better and quicker approach is required to address the problem within the common framework of the IMF and World Bank, as well as “outside” it.
“I quote the ‘outside of it’ equally as much as within the framework, as we have the example of Sri Lanka, a middle-income country which got into distress because its earnings were limited to tourism and some other areas like export of tea… Sri Lanka required a quick redressal, although outside of the framework because they are a middle-income country,” she noted in a discussion at the India-Japan Forum.
In Sri Lanka’s case, Japan, which holds the G-7 Presidency currently, quickly took the lead to address the distress, she pointed out. “Japan came up, along with France and India, with a quick committee of creditors group, which started addressing the issue. And of course, it was an open forum, it wasn’t limited to just to the three countries, China is welcome to participate as one of the big creditors,” Sitharaman said.
Japan’s leadership in such cases with “a constructive approach to address debt distress” has been well-received, the Minister said, adding that this is an indicator that the G-7 and G-20 together would come up with solutions to the problem.
While the MDBs are acting to alleviate debt distress, they need to be “more nimble”, the Indian Minister said, noting that “we are looking at situations where countries are waiting for more than three or four years after the application seeking some redressal, to get the actual resolution of the issues”.
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New Court of Appeal Judge Sajeewani Dilka Lakmali Sworn In
Ms Sajeewani Dilka Lakmali Karunannayake was sworn in as a Judge of the Court of Appeal before President Anura Kumara Dissanayake at the Presidential Secretariat this afternoon (03).
She previously served as an Additional Solicitor General at the Attorney General’s Department.
The appointment has been made to fill a vacancy on the Court of Appeal.
Secretary to the President Dr Nandika Sanath Kumanayake was also present on the occasion.
(President’s Media Division)
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Sun directly overhead Madampe, Thorayaya, Thotagamuwa, Rattota and Kalavanchikudy about 12.09 noon today (03)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is overhead today (03) are Madampe, Thorayaya, Thotagamuwa, Rattota and
Kalavanchikudy about 12.09 noon.
News
22A: SC urged to suspend hearing, appoint full bench
Attorney-at-Law Sugandhika Fernando, on behalf of the Vinivida Foundation, petitioned the Supreme Court yesterday (02), seeking a full bench, excluding Chief Justice Preethi Padman Surasena, to hear the petitions challenging the 22nd Amendment Bill. She also requested that the hearing be suspended immediately until the matter was fully heard and determined.
Among the respondents are Chief Justice Surasena, the first respondent, and Attorney General Parinda Ranasinghe. Justices Yasantha Kodagoda, Shiran Gooneratne, Achala Wengappuli and Priyantha Fernando have also been named as respondents.
The petitioner has sought to have quashed the decision of the first respondent to appoint a five-member bench, which she alleged was made in violation of the norms of public law. She also sought a bench comprising all Supreme Court judges, excluding those cited as respondents, to hear the special determination applications on the 22nd Amendment.
The petitioner further contended that Chief Justice Surasena, who is due to retire on December 1, 2026, would be the main beneficiary of the 22nd Amendment.
The hearing of the petitions continued for a second day yesterday (02) before a five-member Supreme Court bench comprising Chief Justice Preethi Padman Surasena and Justices Achala Wengappuli, Arjuna Obeyesekere, Sampath Abeykoon and Gihan Kulatunga.
The hearing, which commenced on Tuesday morning, continued for nearly 12 hours, until 10:30 p.m.
Solicitor General Viraj Dayaratne, appearing for the Attorney General, submitted yesterday that the Government had presented the 22nd Amendment Bill to the Constitution and the Judicature (Amendment) Bill with the objective of expanding and streamlining the country’s judicial system.
After the Solicitor General’s submissions concluded, counsel representing the petitioners requested an opportunity to respond to the Solicitor General and the intervening petitioners. However, the Chief Justice declined to allow the petitioners’ counsel to make further oral submissions, concluded the determination hearing and directed them to file written submissions instead.
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