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Third IMF tranche by June provided debt restructuring is concluded

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Sri Lanka anticipates the third tranche of the International Monetary Fund (IMF) extended fund facility by June, according to State Minister of Finance Shehan Semasinghe. However, the country must first obtain consensus from the country’s creditors on restructuring its debt.

“We anticipate the third tranche by June. That’s the standard procedure. After a review, there’s staff level agreement between IMF officials and government officials. Following that, a date is decided for the IMF to present that agreement. It is after this that we get the third installment of 337 million dollars.

“But there’s one task we have to complete before that. That is to get the consensus for restructuring debt from our creditors. We have obtained the preliminary consent of all bilateral creditors,” said Semasinghe.

An IMF official said in Washington on Friday April 05 that there are strong expectations of agreements being reached with commercial creditors.

“[T]here is a strong expectation that agreements with commercial creditors consistent with program parameters will be reached by completion of the second review,” she told reporters in Washington.

Domestic debt restructuring is largely completed, she said.

Domestic state enterprise debt re-structuring is expected to completed soon, Deputy Central Bank Governor Yvette Fernando told a business forum earlier this week.

Sri Lanka is in talks with both International Sovereign Bond Holders and other creditors like China Development Bank to conclude a deal. Finalized bilateral restructuring agreements and a deal with private creditors are required to complete the second review of the IMF program.Sri Lanka is hoping to conclude the review by June-July before elections are held, President Ranil Wickremesighe has said. (Economy Next)



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Child abuse crisis: 108,000 complaints reported in 10 years

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More than 108,000 complaints of child abuse had been received by the National Child Protection Authority (NCPA) between 2015 and 2025, Women and Child Affairs Minister Saroja Savithri Paulraj told Parliament yesterday.

Responding to a question raised by Opposition Leader Sajith Premadasa under Standing Order 27/2, the Minister said 4,421 child abuse cases were pending before High Courts as of April 30 this year, with indictments already filed against the accused.

She said the NCPA was working with 47 Police Child and Women Protection Bureaus under the Police Children and Women Abuse Prevention Division to expedite the hearing and conclusion of these cases.

The Minister said measures were also being taken to protect child victims during legal proceedings by introducing a system to record their evidence through video in a safe and child-friendly environment, thereby reducing the need for them to appear in court.

She said discussions were underway with the Ministries of Health and Mass Media and other relevant institutions to establish nine provincial video evidence recording units.

by Saman Indrajith ✍️

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CA dismisses  writ petition seeking postponement of A/L exam

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The Court of Appeal yesterday dismissed a writ petition seeking to postpone the 2026 G.C.E. A/L Examination by two months.

The petition, filed by a group of students due to sit the examination for the first and second time, sought an order delaying the examination, which is scheduled to commence next month.

The Court announced its decision after considering submissions made in support of the application and declined to grant leave to proceed with the petition.

As a result, the 2026 G.C.E. Advanced Level Examination will be held as scheduled in August.

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Bimal’s remarks on MP’s conduct spark heated exchange in Parliament

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Leader of the House and Minister Bimal Rathnayake yesterday criticised the conduct of MP Archchuna Ramanathan in Parliament, describing the behaviour of certain lawmakers as “uncivilised, disgraceful and indecent”, while a heated exchange followed between government and opposition members.

Rathnayake made the remarks when Ramanathan attempted to raise a point of order during parliamentary proceedings.

“This parliament has one or two members who behave in a very uncivilised, disgraceful manner. We tolerate them because one of them is mentally ill,” Rathnayake said.

He alleged that Ramanathan had insulted even members of the Tamil community.

“The things he says may not be heard through the microphone, but the four walls of this Parliament are witnesses,” Rathnayake said, adding that Ramanathan’s conduct was not limited to Parliament.

He claimed that the Jaffna District Coordinating Committee meeting could not be held due to Ramanathan’s behaviour and said MP Gajendrakumar Ponnambalam had written to the Speaker stating that he could not sit near him.

The Speaker intervened during the exchange, warning Ramanathan not to behave in a manner that would turn Parliament into “a joke”. He also said the MP had previously addressed him in an insulting manner.

Opposition Leader Sajith Premadasa criticised the manner in which Rathnayake and the Speaker had addressed the matter, saying MPs should not be spoken to improperly and urging members to follow parliamentary Standing Orders.

Ramanathan, responding to the remarks, said: “I may be a psycho, but I am not a homosexual.”

by Saman Indrajith ✍️

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