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Economic crisis: Sri Lanka expects Japanese support

Published

2 years ago

2023/03/25

Ambassador Rodney Perera with Haruhiko Kuroda Governor of the Bank of Japan

Sri Lanka’s Ambassador to Tokyo Rodney Perera met the Governor of the Bank of Japan (Japanese Central Bank) Haruhiko Kuroda, and exchanged thoughts and ideas on the world financial situation and the global economic outlook for 2023 as well as Sri Lanka’s debt restructuring process and the way forward for constructive support from Japan, sources said.

Just after the announcement of IMF approval of the Extended Fund Facility for Sri Lanka, Japanese Prime Minister Fumio Kishida, stated in New Delhi that: “Japan will promote the implementation of the G20 Principles for ‘Quality Infrastructure Investment.’ It is essential that Sri Lanka’s debt restructuring advances in a fair and transparent manner. Japan will collaborate closely with India and contribute to stability in the South Asian region. There are many excellent Japanese companies that can provide quality infrastructure. We will encourage their overseas operations that excel in providing quality infrastructure, thereby revitalizing both the local economy and Japan’s economy.”

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Cabinet approves providing relief to the people of Myanmar

Published

5 hours ago

2025/04/2

Priyan

The People of Myanmar are facing immense hardships caused by the devastating earthquake on 28th March and as reported by the international media reports the death toll is over 2,700. Furthermore, it has been reported that many people are missing while, a large number of individuals have been injured and are receiving treatment.

Considering the long – term close relationship between the two nations as two Buddhist states, the Cabinet of Ministers has decided to provide,

• A sum of United States Dollars One Million

• Transportation for the dry rations collected by Buddhist clergy and other donors

• To have a group of medical officers and health staff on standby for immediate departure to Myanmar if necessary

Latest News

Cabinet appoints ministerial committee to submit report on sanctions imposed on 04 Sri Lankans by the United Kingdom

Published

5 hours ago

2025/04/2

Priyan

Attention of the Cabinet of Ministers have been drawn on the decisions taken by the United Kingdom to impose sanctions on four Sri Lankan individuals recently, and have decided to appoint a committee comprised of three ministers to submit a report with recommendations on the further measures to be taken after studying the facts in the regard and to empower the committee to obtain the service of any officer/intellect deemed to have subject expertise in the relevant field and considered essential.

The committee will comprise of :

– Vijitha Herath Minister of Foreign Affairs, Foreign Employment and Tourism

– Attorney – at – Law Harshana Nanayakkara Minister of Justice and National Integrity

– Aruna Jayasekara Deputy Minister of Defence

News

Revised Aswasuma Welfare Benefit Payment Scheme to be submitted for the concurrence of the Parliament.

Published

5 hours ago

2025/04/2

Priyan

Approval of the Cabinet of Ministers was granted at their meeting held on 17.03.2025 to amend the Aswasuma Welfare Benefit Payment Scheme by increasing the value of the benefits already being payed under the scheme.

The revised Aswasuma Welfare Benefit Payment Scheme has been published by the extraordinary gazette notification No. 2429/02 dated 24.03.2025.

Accordingly, he Cabinet of Ministers granted approval to the resolution furnished by the President in his capacity as the Minister of Finance, Policy Plannng and Economic Development to submit the said revised Aswasuma Welfare Benefit Payment Scheme to the Parliament for its concurrence.