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Sri Lanka re-building reserves as predicted with IMF allocation, China loan – Minister Cabraal
ECONOMYNEXT – Sri Lanka is beginning to rebuild depleted reserves run down the previous month following a bond payment, State Minister for Money and Capital Markets, Nivard Cabraal said last week.
International Monetary Fund has allocated 554 million Special Drawing Rights which converts to about 799 million US dollars at current rates, he said.
“The inflows that we predicted are coming one by one,” Cabraal said. “The China Development Bank 300 million dollars has come. The IMF 780 million has come.”
From the Bangladesh swap 50 million US dollars was expected shortly.
“Several discussions regarding non-debt forex inflows are continuing,” he said.
There was another ‘government to government’ forex loan under discussion, he said without giving details.
News
Some NPP manifesto promises may be difficult to fulfil – CIABOC DG
Text and Pic by Priyan de Silva
Director General of the Commission to Investigate Allegations of Bribery and Corruption (CIABOC) Ranga Dissanayake has questioned whether some promises contained in the National People’s Power (NPP) manifesto, A Thriving Nation – A Beautiful Life, could be fulfilled even if the government wanted to implement them.
Dissanayake raised the issue during a discussion following the release of the third biannual report on manifesto monitoring by the March 12 Movement, at the BMICH, on Wednesday.
He questioned whether the report had taken into account legal and institutional constraints affecting the implementation of certain pledges.
Citing the proposal to establish Anti-Corruption Investigation Offices in each district, Dissanayake said such offices could be established only with the agreement of CIABOC and that amendments to the Anti-Corruption Act would be necessary.
He also referred to the pledge to abolish the Executive Presidency, noting that successive governments had made similar commitments since 1994. He questioned whether there had been adequate consideration of where the powers vested in the Executive President would be transferred if the system were abolished.
On the proposal to establish a Public Prosecutor, Dissanayake questioned whether the Government intended to maintain the office alongside the Attorney General, who currently performs prosecution-related functions.
Executive Director of the Institute for Democratic Reforms and Electoral Studies (IRES) Manjula Gajanayake said Dissanayake’s remarks should be regarded as his personal views and not as Government policy.
Monitoring and Evaluation Consultants M. Thilakarajah and D.D. Mataharaarachchi presented the third-phase findings, covering January to June 2026.
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Yoshitha and ex-Navy chief Karannagoda’s case fixed for PTC
The corruption case filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) against former Navy Commander, Admiral of the Fleet Wasantha Karannagoda, and Yoshitha Rajapaksa was set for a pre-trial conference by the Colombo High Court.
The case was taken up before the Colombo High Court on Thursday (17), when the accused, who are currently out on bail, appeared before the court. After considering the submissions made, the court ordered that the case be called for a pre-trial conference.
The CIABOC had filed the case against the accused, alleging that a corruption offence was committed by sending Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, for training at the Royal Naval College in the United Kingdom despite him not having the required qualifications.
News
Court orders probe into Wimal’s rally speech
The Colombo Magistrate’s Court yesterday directed the Inspector General of Police (IGP) to conduct an investigation and submit a report on whether a statement made by former Minister Wimal Weerawansa at a political rally, in Anuradhapura, on September 12, amounted to contempt of court.
Deputy Solicitor General Janaka Bandara, appearing for the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), made the request when a complaint filed against MP Namal Rajapaksa in connection with the Airbus issue was taken up.
Bandara also handed over to court a compact disc containing the relevant speech made by Weerawansa.
After considering the request, Colombo Chief Magistrate Asanga S. Bodaragama directed the IGP to conduct an investigation into the matter and submit a report to court.
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