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Govt. bites the bullet, seeks IMF assistance

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In addition to USD 780 mn SDR facility

By Shamindra Ferdinando

The cash-strapped government has sought the IMF intervention to address the financial crisis caused by the country’s vital foreign exchange sources dwindling by a big margin in the wake of the raging Covid-19 pandemic.

When The Island asked an authoritative source whether he had facilitated government efforts to secure IMF intervention to address the rapidly deteriorating economic situation, he said that he hoped the Finance Minister would consider all options.

Responding to another query, the official said; “Our country needs a lot of support and good fortune at this juncture.”

The Island raised the issue at hand in the wake of the government making written submissions in this regard.

State Minister Ajith Nivard Cabraal recently announced that Sri Lanka would receive approximately USD 780 mn through IMF’s SDR (Special Drawing Rights) facility. The total allocation made by the IMF for members’ states was about USD 650 bn, the minister told The Island.

Well informed sources told The Island that the SLPP government was seeking IMF assistance besides the SDR facility as the country lacked the wherewithal to counter the unprecedented crisis.

Sources said that representations had been made to the relevant parties in Washington. The move had been facilitated a Washington-based influential person.

Top Samagi Jana Balavegaya (SJB) spokesperson Dr. Harsha de Silva has repeatedly urged the government to seek immediate IMF assistance.

As a result of Covid-19, the country has been deprived of much revenue from tourism, garment exports and remittances from expatriate workers.



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Whistleblowers ask Treasury Chief to resign over theft of USD 2.5 mn

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Payment made to new account number outside agreement

Civil society group ‘Free Lawyers’, which exposed the payment of USD 2.5 mn loan instalment by the Treasury to a third party instead of Australia, yesterday (23) said that in spite of the Treasury having the legitimate bank account mentioned in the relevant agreement, the payment had been made to another account subsequently received from a person who had been in contact with some senior officials.

Civil society activist Keerthi Tennakoon on behalf of ‘Free Lawyers’ emphasised that the account number mentioned in the agreement couldn’t be changed without approval of the Secretary to the Treasury Harshana Suriyapperuma, who is also the Secretary to the Finance Ministry. Suriyapperuma, who quit his National List seat to receive the top appointment, should be held responsible for the unprecedented development, Tennakoon said.

If the Treasury had followed the time-tested procedures in place, a new bank account couldn’t have been introduced, and therefore a thorough investigation was required to reveal the truth.According to Free Lawyers, the scam had been detected by relatively junior officer and not those higher ups.

Free Lawyers’ would continue to follow the developments to ensure transparency in the investigations, Tennakoon said, noting that Suriyapperuma should step down as he was aware of a third party securing root access to the system in September 2025 but failed to take action to prevent the scam. Tennakoon said that the NPPer hadn’t informed relevant authorities, and altogether 16 officials were involved in the scam.

By Shamindra Ferdinando

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Hambantora port sets new record

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MSC Marie Leslie at Hambantota port

Hambantota International Port (HIP) successfully handled container vessel MSC Marie Leslie, marking one of its highest-volume vessel calls to date. The achievement further strengthens the port’s position as an emerging hub for containerised cargo in the region, according to HIP press release.

The vessel, operated by Mediterranean Shipping Company (MSC), was berthed at HIP from 11 to 15 April 2026. The port achieved 7,968 container moves during this period, translating to a total volume of 13,260 TEUs; the highest single-vessel throughput recorded by HIP to date.

This latest milestone surpasses previous records, including 12,957 TEUs handled on MSC Ilenia and 11,369 TEUs on MSC Ruby in March this year, reflecting a steady upward trend in the port’s container handling performance.

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US sinking of Iranian frigate off Sri Lanka unprecedented war crime Araghchi tells Vijitha

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Iranian Foreign Minister Abbas Araghchi has told his Sri Lankan counterpart Vijitha Herath that US sinking of Iranian frigate IRIS Dena off Sri Lankan waters was an unprecedented war crime.

Of some 180 crew only 30 odd personnel survived.

While referring to crimes committed by the United States and Israel against Iran, Araghchi has stressed that they would never forget this crime, which constitutes a grave violation of the fundamental rules of international humanitarian law and the 1949 Geneva Conventions, and would employ all legal and political means to hold the perpetrators and those responsible accountable and bring them to justice.

Araghchi has said so during a telephone conversation with Herath regarding the ongoing West Asia conflict and related developments.

During the phone call, Araghchi expressed appreciation for the Sri Lankan government’s efforts in the rescue operation for the sailors of the IRIS Dena and for assisting in the transfer of the bodies of the crew of the vessel and other Iranian naval personnel back to Iran, according to the Iranian Embassy in Sri Lanka.

US sank Dena as it along with two other Iranian vessels awaited Sri Lanka approval to enter the Colombo port. Iranian ambassador in Colombo Dr. Alireza Delkhosh is on record as having said that the Commander of Sri Lanka Navy invited the Iranian ships to visit Colombo following their participation in International Fleet review and Milan 2026 held in India in late Feb. All Iranian vessels had been unarmed at that time in keeping with protocols regarding the participation in such events.

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