News
SL’s second review: IMF Executive Board to meet on 12 June
The International Monetary Fund (IMF) on Thursday (06) asserted that Sri Lanka could soon reach agreements with external commercial creditors consistent with programme parameters.
“So overall we assess that there has been sufficiently strong progress on the debt restructuring front,” Julie Kozack, Director of the IMF Communications Department, told the media.
On March 21st, the IMF staff and the Sri Lankan authorities reached staff-level agreement on economic policies to conclude the second review of the economic reform programme and also the 2024 Article IV Consultation.
Kozack confirmed that on June 12th, the IMF Executive Board will meet to discuss Sri Lanka’s second review and the Article IV Consultation.
“In Sri Lanka, we do see macroeconomic policy reform starting to bear fruit.” Commendable outcomes include rapid disinflation, robust reserve accumulation, and initial signs of economic growth, while preserving stability of the financial system, she said responding to questions on Sri Lanka.
The IMF spokesperson said that the programme performance is strong with most quantitative and structural conditionality for the second review met or implemented with delay, and reforms are still ongoing in some areas.
“The next steps on the debt restructuring are indeed to conclude negotiations with external commercial creditors and to implement agreements in principle with the official creditors. The domestic debt operations are largely completed. Debt restructuring discussions are continuing.”
More specifically, she said the authorities have been holding extensive discussions with external official creditors regarding an MOU with the official creditor committee and the final agreements with the Export Import Bank of China.
Discussions with external bondholders continue with the aim of reaching agreements in principle soon, Kozack said, adding that negotiations with the China Development Bank are also at an advanced stage.
“There is a strong expectation that agreements with external commercial creditors consistent with programme parameters will be reached soon. So overall we assess that there has been sufficiently strong progress on the debt restructuring front.”
Students from Karavita Central College, Ratnapura, St. Anthony Girls’ College, Katugasthota and Rajasinghe Central College, Ruwanwella, visited the Presidential Secretariat today (19).
This visit was part of a program jointly organized by the Presidential Secretariat, the Ministry of Education, and the Mass Communication Division of the Parliament. The program offers schoolchildren from across the island the opportunity to visit key government institutions, including the Presidential Secretariat, the President’s House, the Colombo Port City, and the Parliament.
During their visit to the Presidential Secretariat, the students were given an informative session about the history of the Parliament.
To commemorate the occasion, the principals and students of the visiting schools presented commemorative gifts to Dr. Nandika Sanath Kumanayake, the Secretary to the President. In return, Dr. Kumanayake presented a valuable tree as a souvenir to be planted in each of the schools.
Later, Dr. Kumanayake engaged in a friendly conversation with the students, creating a memorable interaction.
Senior Advocate J.M. Wijebandara, the Director General Legal of the Presidential Secretariat, was also present at the event.
[PMD]
Newly appointed Deputy Ministers of the National People’s Power (NPP) government were sworn in today (21) before President Anura Kumara Dissanayake at the Presidential Secretariat.
The new Deputy Ministers are as follows:
- Prof. Anil Jayantha Fernando : Deputy Minister of Economic Development
- Mr. Namal Karunarathne : Deputy Minister of Agriculture and Livestock
- Mr. Wasantha Piyathissa : Deputy Minister of Rural Development, Social Security and Community Empowerment
- Mr. Nalin Hewage : Deputy Minister of Vocational Education
- Mr. R.M. Jayawardena : Deputy Minister of Trade, Commerce and Food Security
- Mr. Gamagedara Dissanayake : Deputy Minister of Buddhasasana, Religious and Cultural Affairs
- Mr. T.B. Sarath : Deputy Minister of Housing
- Mr. Rathna Gamage : Deputy Minister of Fisheries, Aquatic and Ocean Resources
- Mr. Mahinda Jayasinghe : Deputy Minister of Labour
- Mr. Aruna Jayasekara : Deputy Minister of Defence
- Mr. Arun Kemachandra : Deputy Minister of Foreign Affairs and Foreign Employment
- Mr. Anton Jayakody : Deputy Minister of Environment
- Mr. Mohommed Muneer : Deputy Minister of National Integrity
- Eng. Eranga Weerarathne : Deputy Minister of Digital Economy
- Mr. Eranga Gunasekara :Deputy Minister of Youth Affairs
- Mr. Chathuranga Abeysinghe : Deputy Minister of Industries and Entrepreneurship Development
- Eng. Janith Ruwan Kodithuwakku : Deputy Minister of Ports and Civil Aviation
- Dr. Namal Sudarshana : Deputy Minister of Women and Child Affairs
- Mr. Ruwan Senarath : Deputy Minister of Provincial Councils and Local Governance
- Dr. Prasanna Kumara Gunasena : Deputy Minister of Transport and Highways
- Dr. Hansaka Wijemuni : Deputy Minister of Health and Media
- Mr. Upali Samarasinghe : Deputy Minister of Co-operative Development
- Mr. Ruwan Chaminda Ranasinghe : Deputy Minister of Tourism
- Mr. Sugath Thilakarathne : Deputy Minister of Sports
- Mr. Sundaralingam Pradeep : Deputy Minister of Plantation and Community Infrastructure
- Attorney Sunil Watagala : Deputy Minister of Public Security and Parliamentary Affairs
- Dr. Madhura Senevirathne : Deputy Minister of Education and Higher Education
- Dr. Harshana Sooriyapperuma : Deputy Minister of Finance and Planning
- Dr. Susil Ranasinghe : Deputy Minister of Land and Irrigation
Secretary to the President Dr. Nandika Sanath Kumanayake was also present at the event.
Gampaha District Member of Parliament Hemali Weerasekara was unanimously elected as the Deputy Chairperson of Committees. Her nomination was proposed by Minister Sunil Handunnetti, and was seconded by Member of Parliament Samanmalee Gunasinghe.
The new Deputy Chairperson of Committees is a former member of the Mahara Pradeshiya Sabha and a professional laboratory technician. She completed her education at Yasodara Vidyalaya, Colombo and Devi Balika Vidyalaya, Colombo. She has been an active member of the NPP’s district and women’s executive committees.
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