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IMF recovery pills will pose danger to local industries, says FSP
By Anuradha Hiripitiyage
Seeking IMF help will lead to the ruination of local industries, warns the Education Secretary of the Frontline Socialist Party, Pubudu Jayagoda said.
Commenting on the address to the nation by President Gotabaya Rajapaksa, on Wednesday (16), Jayagoda said that the President had sought to absolve himself of responsibility for the current economic crisis.
“This is a man who once insisted that he was a great administrator who had done a great job. On Wednesday, he said ‘none of this is my creation.’ Addressing issues that arise in the country is a part of being a leader. He has to find solutions. The speech on the 16th offered no solutions. He read out a wish list,” Jayagoda said.
While the President offered no strategy out of the economic crisis, he has urged the people to tighten their belts. “He asks people not to waste fuel. At a time when fuel is at an all-time high, who would waste fuel? There are power cuts that last for hours, and people use electricity sparingly because they can’t pay the bills,” he said.
Jayagoda said that President Rajapaksa had declared that they would seek IMF help. Sri Lanka was now at the mercy of the IMF, he said. “Now the IMF will impose strict conditions that will have devastating impacts on the country”, he said.
“Even in 2016, the IMF wanted social expenditure curtailed. It asked the government to tax medicines to reduce barriers to trade and to enter into free trade agreements. We had better bargaining power in 2016 but now these will be implemented. People will suffer and local industries, not connected to the government, will collapse,” the FSP Education Secretary said.
Latest News
Death toll rises to 607, missing persons reduce to 214 at 1800hrs today (5)
The situation report issued by the Disaster Management Centre at 1800hrs today (5th December) confirms that 607 persons have died due to the adverse weather conditions while the number of missing persons has reduced to 214.
The number of persons affected topped the 2 million mark (2,082,195).

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Sri Lanka Navy takes delivery of Ex-USCGC DECISIVE
The Sri Lanka Navy (SLN) formally took delivery of the EX- United States Coast Guard Cutter, USCGC DECISIVE, provided by the United States to SLN, at a ceremony held at the United
States Coast Guard Yard in Baltimore on 02 Dec 25. The event was also attended by the Commander of the Navy, Vice Admiral Kanchana Banagoda.
The ship formally joined the SLN fleet on 02 December under the pennant number P 628 and the main mast of the ship will fly the National Flag effective from that date.
Aiming to strengthen and develop partnerships to overcome common challenges in the maritime domain, the U.S. Coast Guard has previously provided 03 ships to SLN and they are currently patrolling island waters under the names of ‘Samudura’ (P 621), ‘Gajabahu’(P 626), and ‘Vijayabahu’ (P 627).
As an extension of partnership ties that bring value to each other’s services, Ex-USCGC DECISIVE was transferred as the fourth ship to be handed to SLN.
Ex-USCGC DECISIVE, a ‘B-Type Reliance Class 210-foot Cutter’, measures 64m in length, and having endurance of 6000 NM at cruising speed. Further, she has been designed for a
crew of 100 and is equipped with weapons and machinery.
The ship which was used by the U.S. Coast Guard has rendered exceptional service during her tenure by curbing illegal activities, including smuggling of narcotics in U.S. waters.
Sri Lanka inherits an Exclusive Economic Zone (EEZ) that is seven times larger than the landmass. In such a backdrop, the Navy is determined to deploy this vessel in wide-ranging
operations that include the conservation of marine resources in the region and the search and rescue of naval and fishing communities in distress. Thereby, the Navy will be able to utilize
this vessel efficiently in the future to achieve the national aspiration, while ensuring safe and secure seas for all economic affairs.
The formal handing over – taking over ceremony was also distinguished by the presence of the Deputy Chief Acquisition Officer and Director of Domain & Integration Services U.S. Coast
Guard, James L. Knight, Deputy Assistant Secretary of War for South and Southeast Asia, Dr. Andrew Byers, the Ambassador of Sri Lanka to the United States, Mahinda Samarasinghe, Commanding Officer designate of P 628, Captain Gayan Wickramasuriya as well as a group of officials from the Embassy of Sri Lanka in United States and the State Department
of the United State
Latest News
486 dead, 341 missing, 171,778 displaced as at 0600hrs today [05]
The situation report issued by the Disaster Management Center at 0600hrs today [5th December] confirms that 486 persons have died and another 341 persons are missing after the devastating weather conditions in the past week.
171,778 persons have been displaced and have taken refuge at 1,231 safety centers established by the government.

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