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World Bank plans to offer new financing to Lanka put off till macroeconomic policy framework in place

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The World Bank Group expressing deep concern about the dire economic situation and its impact on the people of Sri Lanka yesterday said it does not plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place.Issuing a statement, the World Bank Group said it is repurposing resources under existing loans in its portfolio to help alleviate severe shortages of essential items such as medicines, cooking gas, fertilizer, meals for school children and cash transfers for poor and vulnerable households.

To date, the World Bank has disbursed about US$160 million of these funds to meet urgent needs. In addition, other ongoing projects continue to support basic services, the delivery of medicine and medical supplies, school meals and tuition waivers.

“We are working closely with implementing agencies to establish robust controls and fiduciary oversight to ensure these resources reach the poorest and most vulnerable,” the global lender said.

“We will continue to monitor this closely. We are also coordinating closely with other development partners to maximize the impact of our support for the people of Sri Lanka.”

Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka, the statement affirmed.

“This requires deep structural reforms that focus on economic stabilization, and also on addressing the root structural causes that created this crisis to ensure that Sri Lanka’s future recovery and development is resilient and inclusive,” the World Bank Group said.



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Results of 2024 GCE Advanced Level examination released

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The Department of Education has announced that the results of the 2024 General Certificate of Education Advanced Level Examination have been released online,  and can be viewed on : www.doenets.lk

 

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Training teachers for the new education reforms will commence in May – PM

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Prime Minister Dr. Harini Amarasuriya stated that the training of teachers required for the new education reforms will commence in May, and that contracts granted to political cronies in local government institutions will be brought to an end following the upcoming local government elections.

The Prime Minister made these remarks while addressing public gatherings held in the areas of Mirigama, Minuwangoda, and Katana in the Gampaha District.

Addressing the gatherings, Prime Minister stated:

“From birth to death, all the aspects of life of a person are handled by local government institutions. However, to this day, these institutions lack proper systems even to provide the people with basic facilities.

We are committed to working with a proper system, free of fraud and corruption, and managing every rupee carefully and attentively. We are identifying the needs of people and implementing projects under a systematic plan to develop rural sectors.

You elect fellow members who stand firmly against fraud and corruption through two decisive elections. First, you elect Anura Kumara as President, a leader committed to fighting corruption. Then, in the parliamentary election, you choose a group of qualified individuals who are equally dedicated to this cause to represent you in Parliament.

To ensure that the funds allocated for rural development reach the people, the local government institutions which are the closest to the villagers must also be clean and transparent. That is why this election is so important to us.

The people and the villages come to experience our corruption-free political culture through local government institutions. These institutions must properly implement, monitor, and evaluate the development projects allocated to the rural sector. The era of awarding contracts for such projects to political cronies must end.

Although early childhood development is a crucial part of education, there has never been a proper system for it. We are now establishing such a system. Starting in May, teacher training for the modern education which is being introduced  will begin. We have a comprehensive plan for development across all sectors.

The Ministry of Education has received billions worth of projects, but there is no proper implementation process. For example, 1,500 smart boards were brought for smart classrooms, but the Secretary to the Ministry has not implemented a system to distribute them to schools. Teachers have not been trained to use them. Teacher training institutes still follow outdated curriculum. This will be corrected through the new education reforms,

In order to deliver all these benefits to the rural sector efficiently, it is essential to elect the right people for the right purposes. Therefore, in the upcoming local government elections, Prime Minister Dr. Harini Amarasuriya urged the public to vote for the candidates who are free from fraud and corruption presented by the National People’s Power (NPP).”

The event was attended by Parliament Chief Organizer of the ruling party Dharmapriya Wijesinghe, Members of Parliament Ruwanthilaka Jayakody and Chaminda Lalith Kumara, along with several local government candidates and the residents of the area.

[Prime Minister’s Media Division]

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Foreign Minister Herath will attend Pope’s funeral today

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Foreign Minister Vijitha Herath will represent Sri Lanka at the funeral of Pope Francis in the Vatican City, the Ministry said.

The funeral is scheduled for today.

About 50,000 people came to pay their respects to the late Pope on Thursday, the Vatican news service said.

“Pope Francis’ funeral Mass will take place on Saturday, April 26, at 10:00 AM in St. Peter’s Square, marking the beginning of the Novemdiales, an ancient tradition of nine days of mourning and Masses for the repose of the late Pope’s soul,” according to the Vatican news service.

“The Novemdiales Masses will be held each day at 5:00 PM (GMT +2) in St. Peter’s Basilica, except for the Mass on Divine Mercy on Sunday, April 27, which will take place at 10:30 AM in St. Peter’s Square.”

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