News
‘Towards Sri Lanka’s Recovery: Green Resilient and Inclusive Development’
Maldives, Nepal and Sri Lanka World Bank Country Director Mr. Faris H. Hadad-Zervos congratulated the government on securing the International Monetary Fund Extended Fund Facility, the parliamentary approval of the Domestic Debt Restructuring, and securing international financial support from the World Bank and the Asian Development Bank.
He made these observations while addressing the topic: ‘Towards Sri Lanka’s Recovery: Green Resilient and Inclusive Development’ at the Press Club Event hosted by the Sri Lanka Press Institute (SLPI) held at ‘The Blue’ of the Hilton Colombo on Tuesday, July 18, 2023.
The event commenced with the welcome address delivered by Senior Board Member of the SLPI Mr. Manik De Silva. The event was moderated by Business Editor of The Sunday Times, Mr. Feizal Samath.
During his speech Hadad- Zervos stated that the government has committed to an ambitious reform agenda and implemented some difficult and necessary reforms, including tax reforms, cost-reflective utility pricing, a stronger social safety net, and debt restructuring to stabilize the economy.
He stated that there have been some signs of stability in the past few months compared to 2022. Inflation is trending downwards from 69.8% in September 2022 to 12% in June 2023. Market interest rates are also declining as the uncertainty over domestic debt restructuring wanes and the foreign exchange liquidity picture has also improved.
Hadad- Zervos said, “We estimate that poverty doubled from 13.1 to 25 percent between 2021 and 2022—an addition of 2.5 million poor people—and we expect this to increase by another 2.4 percent in 2023. Many more people are just one shock away from poverty. We estimate that 5.7 percent of the population lives less than 10 percent above the poverty line, and a further 5.6 percent between 10 and 20 percent above the poverty line. This dramatic increase in poverty and vulnerability has wiped-out decades-long human capital gains. For example, there is now a serious learning crisis in the country. Only 14% of Grade 3 students have acquired minimum competency in literacy and only 15% in numeracy”
He stated that the World Bank Group’s new Country Partnership Framework and US$700 million financing support through the RESET DPO and the Social Protection project is our commitment to the Sri Lankan people at this difficult time. In response to both COVID-19 and the economic crisis, the World Bank repurposed significant undisbursed funds from its existing portfolio to sustain institutions so they could continue to provide essential goods and services, protect the vulnerable, support livelihoods, and address food insecurity.
The PRESS CLUB is envisaged to be a place where media-related events concerning visiting dignitaries and local personalities on current topics of national and international interest take place. The Press Club functions under the SLPI whose constituent partners are the Newspaper Society of Sri Lanka (NSSL), The Editors’ Guild of Sri Lanka (TEGOSL), the Free Media Movement (FMM), the Sri Lanka Working Journalists Association (SLWJA) with its affiliated partners Federation of Media Employees Trade Union (FMETU), Sri Lanka Muslim Media Forum (MMF), Tamil Media Alliance (TMA), and South Asia Free Media Association (SAFMA).
The event was attended by journalists, diplomats and experts.
News
‘Vision’ Programme Marks Two Years
Marking the completion of two years of the ‘Vision’ Programme, students from Pinnawala Central College and Matale Siri Seevali College were given an opportunity on Thursday (24) to visit the Presidential Secretariat.
The ‘Vision’ Programme was launched for schoolchildren jointly by the Presidential Secretariat, the Ministry of Education and the Department of Communication of the Parliament of Sri Lanka.
Following a visit to the former Parliament building at the Presidential Secretariat, the students were also briefed on the history of Parliament.
The role of the President’s Fund and its importance to schoolchildren were explained by Senior Additional Secretary to the President Roshan Gamage.
The ‘Vision’ commemorative book, featuring the two-year journey of the ‘Vision’ Programme and its special activities, was also presented to the participating schools.
As part of the programme, valuable plants were also presented to the schools as a symbolic gesture underscoring the importance of environmental conservation.
Director General of Public Relations Dharmasiri Gamage, the Director and Assistant Director of the Tri-Services Security Coordination Unit, the principals and teaching staff of Pinnawala Central College and Matale Siri Seevali College, and students were among those present on the occasion.
President’s Media Division (PMD)
News
Sajith vows to scrap 22A under future govt.
Opposition and SJB Leader Sajith Premadasa yesterday vowed that an SJB government would repeal the 22nd Amendment (22A) to the Constitution.Premadasa made the pledge while addressing thousands of SJB supporters who gathered near Parliament to protest against 22A.
Addressing the rally at Polduwa Junction, Battaramulla, Premadasa said the proposed constitutional amendment would undermine democracy and judicial independence and enable the concentration of political power in the Executive.
“Even if they pass it, under an SJB government we will scrap it,” Premadasa told the gathering, claiming that 22A was aimed at paving the way for a one-party state and placing the State under the control of a single political party.
Braving the rain, Premadasa said they had gathered there peacefully and had no intention of resorting to violence.
“We have gathered here to protect democracy,” he said, challenging the government to hold Provincial Council elections if it was confident of facing the people.
Premadasa said the SJB was prepared to work with any democratic and clean political force committed to the country’s progress and public welfare, amid ongoing discussions on cooperation among Opposition parties, including the United National Party.
Premadasa also accused groups aligned with the government of attempting to discourage people from attending the protest through statements and other measures.
SJB General Secretary Ranjith Madduma Bandara said the protest had been organised against the proposed amendment, which the party had opposed on the grounds that it could pave the way for authoritarianism.
The demonstration began around 9 a.m. at Polduwa Junction and coincided with Parliament taking up the proposed 22nd Amendment for debate. Proceedings on the Bill are scheduled to continue today (25).
The Supreme Court has determined that the proposed amendment does not require approval at a referendum and could be passed with a special majority in Parliament.
Meanwhile, traffic congestion was reported on roads surrounding Parliament and Polduwa Junction following the demonstration.
Security was also tightened in and around the Parliamentary complex, with a heavy police presence observed at Polduwa Junction and near the main entrance to Parliament.
News
Two retired female Navy officers remanded over disappearance of two women during war
Two retired female Navy petty officers were ordered to be remanded until October 5 over their alleged involvement in the abduction and disappearance of two women in Trincomalee during the war.
Trincomalee Chief Magistrate M.S.M. Samsudeen yesterday ordered that the two suspects be remanded and directed that they be produced for an identification parade on October 5.
The suspects, residents of Chilaw and Haputale, were arrested after appearing before the CID in connection with another court case. They were subsequently produced before the Trincomalee Magistrate’s Court.
The court was informed that the investigation concerned the alleged abduction of Sasikumar Thenmoli and Mary Delsia, residents of Paalaiyootru, Trincomalee, on or around May 13, 2008.
The CID told court that information uncovered during its investigations indicated that the two women had allegedly been detained at an underground location known as the “Gun Site” at the Trincomalee Naval Base while the two suspects were serving in the Navy. The women were subsequently reported missing.
Further investigations into the alleged abduction and disappearance of the two women are continuing.
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