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UK ready to consider financing assurances for Lanka to secure IMF deal
ECONOMYNEXT –The United Kingdom is “ready to consider” financing assurances to Sri Lanka to secure a 2.9 billion US dollar extended fund facility (EFF) with the International Monetary Fund (IMF), a UK official said.
Minister of State (Foreign, Commonwealth and Development Office) Anne-Marie Trevelyan told the British parliament on Tuesday January 24 that the UK is fully supportive of the proposed Coordination Platform between Sri Lanka’s Paris Club and non-Paris Club creditors, which the British government believes represents the most efficient way to restore debt sustainability in Sri Lanka.
“Constructive engagement across creditors is vital to secure a prompt and comprehensive International Monetary Fund programme for Sri Lanka and ensure a sustainable economic recovery. As a member of the Paris Club, the UK stands ready to consider the necessary Financing Assurances to secure an Extended Financing Facility with the IMF in a timely manner,” she said.
Trevelyan was responding to a question posed by Conservative MP Bob Blackman to Secretary of State for Foreign, Commonwealth and Development Affairs James Cleverly on what assessment he has made of the implications for his policies of a statement a previous statement from economists and academics calling on creditors to share the burden of debt restructuring for Sri Lanka.
Sri Lanka is cautiously optimistic that the IMF bailout package will come through in the first quarter, with IMF board approval anticipated some time in March. India has already assured the IMF of its assistance to Sri Lanka’s debt restructuring plans, with a confirmation from China also expected in the coming weeks.
The island nation is going through its worst currency crisis in decades and the IMF loan would help unlock other avenues of financing that’s desperately needed.
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Cardinal: Presidents, IGPs and AG sabotaged Easter carnage probes before 2024 regime change
… successive governments sat on PCoI report handed over in Feb. 2021
His Eminence Malcolm Cardinal Ranjith yesterday (21) alleged that those who were in power from 2019 to September 2024 sabotaged investigations into the Easter Sunday carnage (2019).
Addressing the Seventh Year Commemoration of the Easter Sunday suicide attacks, at St. Anthony’s Church Kochchikade, Colombo, the Archbishop of Colombo said that unlike the present leaders of the country, almost all the power holders, since the 2019 April attacks, including former Presidents, Heads of the Police and the AG’s department officials, instead of sincerely finding out as to who and what was behind the horrific crime, tried their best to confuse the public, muddle up the investigations and appointing all kinds of committees, with highly suspect investigators, in order to come out with conclusions crafted by them, and tried to sabotage the truth from emerging.
In spite of the change of government, in September 2024, certain officials of the “deep state” were seeking to obstruct the smooth flow of ongoing investigations.
Regardless of the Presidential Commission of Inquiry (PCOI) giving clear directives to the Attorney General and to that department to take clear legal and disciplinary actions against some of the political figures, officials of the security establishment and organisations for criminal neglect of duty, very little has so far been done on this matter by them.
The PCoI handed over its report to President Gotabaya Rajapaksa in February 2021.
The Catholic leader emphasised the need to investigate possible links between the Easter Sunday massacre and attacks, targeting the Muslim community, on the night of 5th May and, once again, on 11th, 12th and 13th May, starting from the Nattandiya-Madampe area, through Kotaramulla to Minuwangoda. The Cardinal said: “This may have a link to the main attacks on 21st April 2019. One must also verify as to whether anyone in the security establishment prevented those responsible from controlling these attacks as and when they began.”
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CIABOC asks Parliament not to transfer witness in case against Deputy Secy General
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has directed the Secretary General of Parliament Kushani Rohanadeera to cancel an internal transfer of a senior official.
Sources said that the CIABOC intervened as the female official to be transferred is a key witness in the ongoing investigation into the conduct of suspended Deputy Secretary General of Parliament Chaminda Kularatne. The CIABOC has asked the Secretary General to delay the transfer until the conclusion of its investigation.
CIABOC initiated the investigation following a complaint against Kularatne, who himself complained against Speaker Dr. Jagath Wickremaratne over corruption and irregularities.
The female official’s transfer was to take effect on 20 April.
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UN wants Sri Lanka to deliver concrete results in Easter Sunday bombing probe
The United Nations has urged Sri Lanka to deliver concrete results after long-running investigations into the 2019 Easter Sunday suicide bombings that killed 279 people, including 45 foreigners.
The UN’s top envoy to the country, Marc-Andre Franche, said survivors and families of victims were still waiting for answers, despite multiple probes and renewed political pledges following the formation of a new government in September 2024.
“Public commitments by the government to pursue justice are important and must be welcomed,” he said, as the nation marked seven years since the bombings on Tuesday.
“But what matters now is results,” he said at a remembrance service in Colombo.
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