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SL hopes for productive talks at IMF WB spring meetings

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Shehan Semasinghe

Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported.

Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary Mahinda Siriwardena.

“Through partnership and collective efforts, Sri Lanka would be able to achieve enhanced growth,” Semasinghe said, adding that the talks would be important in securing the next tranche of the USD 2.9 billion International Monetary Fund bailout.

Semasinghe said the funds would benefit low-income families with the extended relief programme ‘Aswesuma’.

Over 182,000 such families will be credited their cash handouts by the end of this week.

Sri Lanka aimed to strike debt restructuring deals with private creditors and sovereign bondholders by June to meet the IMF bailout programme targets.

     “We expect fruitful engagements that will pave the way for unlocking the next tranche of essential funding and a speedy debt resolution which will enhance economic stability, confidence, sustainable growth, restore debt sustainability and ultimately, improve the welfare of every Sri Lankan citizen,” Semasinghe said in a post on X.

The IMF and World Bank meetings will take place in the background of both the World Bank and the ADB warned last week that detailing all hard economic reforms in the election year could hamper the recovery.

It’s been two years since Sri Lanka declared its first-ever default on sovereign debt. The negotiations for debt restructuring continue.

Sri Lanka goes for a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year, PTI has said.

However, political uncertainty prevails in the country as opposition parties have pledged to reverse the current IMF-linked reforms, which have proved unpopular with the masses.

President Ranil Wickremesinghe, who has steered the recovery programme by going into a bailout deal with the IMF for a USD 2.9 billion facility, maintains that the island could once again face economic collapse if the IMF programme reforms are not adhered to.



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UPDATE: Flash flood on Nepal-Tibet border kills more than 100, with hundreds of tourists missing

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More than 100 people have been killed in Nepal and Tibet, and hundreds of tourists are missing, after a massive flash flood and mudslide

The missing tourists include more than 100 from India, 54 from the US, and 33 from the UK,  as well as more than 100 from Nepal itself, according to Nepal’s tourist board. The area is popular with pilgrims and trekker.

Dozens of police officers and army prtxonnel  are also missing, as well as power workers. My family was swept away in front of me, one woman tells us – she and her son survived by climbing to a rooftop

In Tibet, Chinese state media report three dead and 265 missing,  CCTV from Tibet shows a wall of water and mud hitting buildings at a border crossing.

Authorities initially thought an earthquake may have triggered a landslide – the US Geological Survey now says the sesimic energy was instead generated by a landslide.

(BBC)

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Advisory for High Waves for the sea areas extending from Colombo to Pottuvil via Galle, Matara and Hambantota

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Advisory for High Waves 
Issued by the Natural Hazards Early Warning Centre Issued at 03.30 p.m. on 26 August 2026 Valid for the period until 03.30 p.m. 27 August 2026

An advisory for high waves has been issued for the sea areas extending from Colombo to Pottuvil via Galle, Matara and Hambantota and naval and fishing communities engaged in activities in the aforementioned sea areas, as well as coastal communities living in the aforementioned nearshore areas, are advised to remain vigilant in this regard

The swell waves (about 2.0 m – 3.0 m) height (This is not for land area) may increase in the sea areas off the coast extending from Colombo to Pottuvil via Galle, Matara and Hambantota.  There is a possibility that near shore sea areas off the coast extending from Beruwala to Matara via Galle, may experience surges due to swell waves.

 

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We must create social awareness to ensure the physical and mental well-being of children with disabilities – PM

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Prime Minister Dr. Harini Amarasuriya stated that, given their particular vulnerability children with disabilities require protection, and stressed the need to foster social awareness to protect them from negative social influences while promoting their physical and mental well-being. She emphasized the need to implement awareness programmes for parents, teachers and other members of society towards this end.

The Prime Minister made these remarks on Tuesday [August 25]  while visiting and observing the National Institute of Special and Inclusive Education – Shishyodaya, located in Veniwelkola.

The purpose of the Prime Minister’s visit was to observe the institutional structure and gain an understanding of the areas that require further development.

The Prime Minister emphasized that a systematic mechanism should be established to transform the institution, which was established in 2019 outside the basic standards and plans for Inclusive Education, into an institution that provides quality education to children and fulfills the targeted objectives of inclusive education. She also proposed appointing a special committee to make the necessary recommendations in this regard.

The Prime Minister further stated that steps would be taken in coordination with the Ministry of Health to address the shortage of therapists and medical professionals required to provide clinical services to students at the institution. She also stressed that the maintenance of equipment and buildings should be carried out properly using the financial allocations provided for such purposes.

The Prime Minister further noted that finding sustainable solutions to the issues faced by the institution is essential, while immediate interventions should be made to address issues that can be resolved without delay. The welfare of the teachers serving at the institution was also discussed during the visit.

Member of Parliament Anura Panagoda, Chairman of the Homagama Pradeshiya Sabha Kasun Rathnayake, Secretary to the Ministry of Education, Higher Education and Vocational Education Nalaka Kaluwewa, ministry officials, parents and students were present.

[Prime Minister’s Media Division]

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