Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided a positive outlook on the matter after a meeting with his Sri Lankan counterpart Nandalal Weerasinghe in the United States.The two governors held a discussion on the sidelines of the Annual Meetings of the International Monetary Fund and World Bank at the World Bank headquarters in Washington, DC on Tuesday.
Bangladesh Bank Chief told the reporters on Thursday that Bangladesh gave $200 million to Sri Lanka under a currency swap agreement, but due to the economic crisis, Sri Lanka could not return the money on time.Bangladesh Bank Governor has said that Bangladesh extended the loan payment period twice at the request of Sri Lanka.Talukder said that Sri Lanka is supposed to repay the US$ 200 million loan in three installments in February and March next year.
On the talks with Weerasinghe, Talukder said, “We had a very good meeting. The governor assured me that they will meet the deadline for repayment. They are now restructuring their debts and have spoken to India, Japan and China about it.”
He told reporters that Sri Lanka is also working on a deal with the IMF that has also been roughly confirmed. “A final agreement on the programme will probably be reached between November and December.”
Last year, Bangladesh agreed to give Sri Lanka loans of at least $200 million from its foreign exchange reserves under a currency swap deal.The Bangladesh Bank released $50 million as the first tranche under a currency swap deal to support the poorly-rated Sri Lanka on August 19, 2021. The second tranche amounting to $100 million was released on August 30, 2021 and the final instalment worth $50 million was released on September 21, 2021. The credit was to be repaid in installments over three months, the central bank said at the time. But as the economic and political crisis in Sri Lanka worsened, its external debt became unsustainable. With political stability gradually being restored, Sri Lanka is now moving towards repaying its debts, BD News reported.
Full implementation of 13A: NFF vows to torpedo Ranil’s move, asks Dinesh, Mahinda to disclose their stance
By Shamindra Ferdinando
The National Freedom Front (NFF), a constituent member of Nidahas Janatha Sandhanaya (NJS), has declared that it would oppose President Ranil Wickremesinghe’s bid to fully implement the 13th Amendment to the Constitution. The patriotic people were ready to defeat such plans, even at the expense of their lives, the party has vowed.
The breakaway JVP faction consists of six MPs, including former minister Wimal Weerawansa. The NJS is contesting the Local Government polls, scheduled for March 09, under the ‘Helicopter’ symbol.
NFF spokesperson, MP Jayantha Samaraweera, on Monday (30), told the media that his party was ready to lead a campaign against the UNP leader’s move to do away with constitutional safeguards meant to ensure Sri Lanka’s unitary status. The Lawmaker addressed the media at the NFF main office, at Pitakotte.
Having declared his intention to fully implement the controversial constitutional amendment at the Thai Pongal celebrations, in Jaffna, on January 15, President Wickremesinghe reiterated his commitment to the Eelam project during the party leaders’ meeting at the Presidential Secretariat, the former State Minister said.
Lawmaker Samaraweera asked Prime Minister Dinesh Gunawardena, and twice President Mahinda Rajapaksa, who had flanked President Wickremesinghe, at the party leaders’ meeting, to disclose their stand on 13th Amendment.
The Nidahas Janatha Sandhanaya, consisting of NFF, Democratic Left Front, Communist Party, Lanka Samasamaja Pakshaya, Pivuthuru Hela Urumaya, Vijayadharani Jathika Sabhawa, Yuthukama, Sri Lanka Freedom Party, Nidahasa Janatha Sabhawa, Jana Jaya Peramuna, Sri Lanka Mahajana Pakshaya and Nidahas Janatha Peramuna, has yet to disclose its position on this issue.
MP Samaraweera attacked the President, close on the heels of NFF leader Wimal Weerawansa, who is also the Chairman of the Uththara Lanka Sabhagaya (ULS), questioning the legitimacy of the move. Lawmaker Weerawansa addressed this issue at a meeting held at the BMICH, on January 26, to discuss ways and means to thwart the move to privatize the CEB.
The ULS consisting of seven political parties, and groups, is aligned with the NJS.
Referring to the circumstances UNP leader Wickremesinghe re-entered Parliament, through the National List, nearly a year after the last General Election, former Minister Weerawansa emphasized the President didn’t have a mandate to fully implement the 13th Amendment. How could the UNP leader abolish Sri Lanka’s unitary status, having received an opportunity to complete Gotabaya Rajapaksa’s remainder of five-year term, won at the Nov. 2019 Presidential Election.
The MP challenged their erstwhile comrades, in the JVP, to state their position on the 13th Amendment. Alleging that the JVP had been conveniently silent on the issue at hand, MP Samaraweera asked whether the current leadership would take up Wickremesinghe’s challenge.
In addition to Weerawansa and Samaraweera, Yuthukama leader Gevindu Cumaratunga, MP, has declared opposition to the President’s move, at the party leaders’ meeting.
Of the SLPP parliamentary group, retired Rear Admiral Sarath Weerasekera is the only MP to publicly oppose Wickremesinghe’s proposal.
Political sources said that the NJS, as a group contesting the forthcoming LG polls, was yet to deliberate this issue and take a stand. They said that consensus was required without further delay as the President’s proposal would be a major issue at the forthcoming election.
PHU, too, opposes land, police powers to PCs
A lawyers’ group, aligned with Pivithuru Hela Urumaya (PHU), yesterday (31) said that President Ranil Wickremesinghe couldn’t unilaterally decide on the full implementation of the 13th Amendment to the Constitution.
Attorneys-at-Law Pasan Gunasekera and Bhupathi Kahathuduwa, in a statement issued, explained why police and land powers, in terms of the controversial amendment, shouldn’t be granted to Provincial Councils. Abolition of current constitutional safeguard would undermine Sri Lanka’s unitary status thereby paved the way for a new conflict.
Bangladesh FM to deliver LK memorial lecture
Bangladesh Foreign Minister, Dr. A.K. Abdul Momen, will deliver the Lakshman Kadirgamar memorial lecture at Block 3, Jasmine Hall, BMICH, on February 03, at 6 pm.
The LTTE assassinated the then Foreign Minister, Kadirgamar, on Aug. 12, 2005.
FM Momen will deliver the annual lecture on the invitation of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies.
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