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Lanka on the brink of economic collapse: Prez seeks international help to overcome crisis

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President Gotabaya Rajapaksa, addressing the 27th International conference on ‘Future of Asia’, yesterday, called upon the international community to help Sri Lanka overcome its economic crisis.

Addressing the virtual summit, the President said that it was no secret that the last several months had been extremely difficult for Sri Lanka.

“We are currently undergoing a severe economic crisis, which has profoundly impacted the lives of all Sri Lankans, resulting in social unrest. The virtual shutting down of the tourism industry and the sharp decline in inward remittances from expatriate workers due to COVID19 in the past two years and increasing inflation due to other events combined with Sri Lanka’s high outstanding debt obligations to cause a severe financial crisis,” he said.

President Rajapaksa said that in April, Sri Lanka announced a ‘Debt Standstill’ with the intention of restructuring this external public debt through negotiations with our creditors, whilst simultaneously approaching the International Monetary Fund for a suitable programme.

“In parallel to these efforts, we have appointed a new Prime Minister and a Cabinet of Ministers with representation from multiple political parties, and we are fostering ongoing discussions in Parliament towards forming a national consensus on the way forward,” he said.

Given below are excerpts of his speech: “Sri Lanka is Asia’s oldest democracy. It is crucial that the solutions to our present national crisis are supported through our nation’s democratic framework.

“As we work through such solutions, however, we urgently require the assistance of our friends in the international community to ensure that our immediate needs in terms of the importation of essential medicines, food supplies, and fuel are met.

We are also in urgent need of bridging financing to restore confidence in our external sector and stabilise our economy until the debt restructuring process is completed and an IMF programme commences.

“Sri Lanka is grateful for the support provided by India, our close friend and neighbour, which responded with generosity in our time of need. The support extended by our other neighbours and development partners, as well as regional and global institutions, is also deeply appreciated.

“Japan remains one of Sri Lanka’s key development partners, and we hope that the negotiations now underway regarding bridging funds from Japan will conclude soon, and support Sri Lanka as we try to stabilise our economy and our nation.

“I appeal to the other friends of Sri Lanka present here today, to also explore the possibility of extending support and solidarity to my country at this very difficult time.

“A positive aspect of recent events in Sri Lanka has been the increased engagement of our youth in the nation’s politics.

“We have seen similar activism in other countries too, where the loss of confidence in prevailing systems has led to strong displays of opposition against governments.

“It is important to ensure that these systems undergo the reforms that are essential to their improvement so that future generations will benefit from better opportunities in education and employment, leading to an increase in their productivity.

“The grave difficulties facing Sri Lanka are an early indication of the long tail effects of the COVID19 pandemic, made worse by the ongoing conflict in Europe that may affect other vulnerable nations too.

“Supporting such vulnerable nations through these difficulties is essential for regional as well as global stability.

“It is therefore earnestly hoped that nations able to do so, lend a helping hand to these countries as they seek to overcome the very serious threats they face. An even more widespread problem that the world will face in future concerns food security.

“The shortages of food items and sharp increases in food prices likely to occur in the months ahead will place considerable strain on many countries.

“It is therefore essential that we pay attention to this crucial problem and prioritise agricultural production locally and improve our resilience in the face of this coming issue.

“Increased cooperation amongst nations will also be necessary to ensure that we overcome this issue.

“As we look to the future, it is no secret that even more widespread challenges caused by human induced climate changes lie ahead for the Asian region as well as the world.

“The adverse impacts of such climate change, including loss of biodiversity, water scarcity and pollution, degradation of air quality and ecosystems, will all contribute to significant challenges for many nations including in food security.

“Maritime security in Asia is another thorny issue that require serious policy attention. In addition to traditional security concerns involving the projection of naval power, many non-traditional issues including piracy, human trafficking, drug-smuggling, and illegal, unreported and unregulated fishing continue to pose challenges in this region.

“Sri Lanka has a great interest in the security of the Indian Ocean region, and the protection of the sea-lanes has established a strong relationship between Sri Lanka and dominant regional players including Japan.

“Sri Lanka has responsibility over protecting sea routes, maritime resources and combating maritime crime over a significant region of the Indian Ocean, and we look forward to partnering with the Asian community as we seek to expand our capacities in these areas in future.

“Another enduring regional concern has been civil unrest, conflicts, and communal violence. Sri Lanka too has been marred by sectarian tensions throughout its history. I am of the view that policymakers must come together to devise collaborative regional mechanisms on such issues.

“Exchanging expertise and experience to build capacity in the fields of peacebuilding and reconciliation is essential. So too is the empowerment of the underprivileged, because this is one of the root causes of unrest.

“In this context, I respectfully submit to this forum that the core objectives and functioning of some existing regional bodies are presently affected by conflicts of member countries on matters relating to economic, political, or strategic interests.

“It is my hope that member countries will be able to overcome such impasses and work together in the true spirit of Asia to fulfil the region’s priorities.

“In concluding, I once again thank Nikkei for having organised this conference, and the Government of Japan for hosting this event.

As Sri Lanka overcomes its present difficulties and starts rebuilding for tomorrow, we look forward to constructively participating in future such events too, for the betterment of Asia.”



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The government to establish new restaurants to provide nutritious meals at reasonable prices.

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The government to launch a nationwide initiative aimed at establishing new restaurants, guaranteeing food security and providing the public access to nutritious and sufficient meals at reasonable prices.

This programme will be implemented with the collaboration of the National Food Promotion Board, the Ministry of Health and the Ministry of Agriculture. It will also involve current restaurant owners to secure their support. The first model restaurant under this initiative is scheduled to launch on April 01 in Narahenpita.

In the second phase of this initiative, the government intends to introduce a programme aimed at improving the standards of existing restaurants.

A preliminary discussion on this programme was held om Thursday (27) at the Presidential Secretariat, with the participation of officials from the National Food Promotion Board, the Ministry of Health and the Ministry of Agriculture.

During the discussion, officials emphasized the importance of protecting the public’s right to safe and nutritious food. The dialogue addressed several key aspects, including creating an environment that allows consumers to access food that meets proper health standards, enhancing consumers trust and encouraging collaboration between the public and private sectors.

Furthermore, discussions were held on the practical implementation of existing food policies and standards, ensuring that the business community embraces the importance of providing nutritious and safe meals. Officials also examined how the “Clean Sri Lanka” initiative contributes to this change in the food sector.

The meeting was attended by Kapila Bandara, Senior Additional Secretary to the President, S.P.C. Sugeeshwara, Additional Secretary to the President and other senior officials representing the National Food Promotion Board, the Ministry of Health and the Ministry of Agriculture.

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Gender inequality is not a women’s issue, it is a societal issue that demands attitudinal and behavioural transformation. – Prime Minister

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“For countries like Sri Lanka, collaborative efforts like THRIVE are essential in ensuring gender parity and eliminating gender-based violence”

The Prime Minister made these remarks while attending the official launch of ’THRIVE- Together for Her: Resilience-building, Inclusivity, and Voices for Equality in Sri Lanka’, held on Tuesday [25 March] at the Australian High Commission in Colombo which was jointly hosted by the High Commissioner of Australia, UN Women, and Chrysalis.

THRIVE is a five-year initiative implemented by UN Women and Chrysalis, and funded by the Government of Australia. This project contributes to achieving Outcome 6 – “Gender Equality and Women’s Empowerment” – of the UN Sustainable Development Cooperation Framework for Sri Lanka 2023-2027, which has been co-signed by the Government of Sri Lanka and the United Nations, guiding the work of the UN system in Sri Lanka.

The project aims to advance gender equality and women’s empowerment in Sri Lanka by strengthening the economic and social resilience of marginalized women to navigate and recover from crises, insecurity, and the impacts of climate change aiming women with disabilities, women-headed households, and women in the plantation sector across six districts – Mannar, Kilinochchi, Nuwara Eliya, Badulla, Moneragala, and Colombo.

Delivering the keynote address, Prime Minister Amarasuriya emphasized the need for structural and attitudinal change for ensuring gender parity and eliminate violence against women.

“Sri Lanka ranks high on the Human Development Index, with a literacy rate exceeding 92%, and over 60% of university students being women. However, only 35% of women participate in the paid workforce. It is necessary to find ways and means to ensure that women have opportunities to contribute towards the economy through employment opportunities and equal pay with given a dully acknowledge and recognize unpaid work and unpaid care work, which are often disproportionately carried out by women.

The Parliament of Sri Lanka adopted the Women Empowerment Act in 2024 which includes the establishment of an independent National Commission on Women to oversee women’s rights, and to create of a National Fund for Women. The administrative process for appointing the Commissioners is currently underway.

Further, as a government, we have implemented several benefits for women and young women under the national budget. As Minister of Education, I can confidently say that we have allocated funds to ensure children from marginalized communities have access to education including providing free uniforms, shoes, sanitary facilities, meals, books, and a stipend, ensuring that no child drops out due to economic barriers.

However, it is statistically proven that the 90% of women faced sexual harassment in public transport at least once in their lifetime and the Global Gender Gap Index of Sri Lanka lists at 122 among 146 countries that marks gender disparity is not just a women’s issue. It is a societal challenge that transcends gender, race, religion, and age.

Moreover, new threats are emerging. While digital tools offer great potential for development and technological advancement, they are also being misused to silence women, amplify biases, and fuel harassment. It is essential to create an inclusive digital space where everyone—regardless of gender, race, religion, or age—has equal opportunities to thrive in the digital age. The government remains committed to closing the gender digital divide and ensuring that women, especially young women, can participate independently in the digital economy.

Gender inequality is not a women issue, it is a societal issue that demands policy change, education, attitudinal and behavioural transformation. For countries like Sri Lanka, collaborative efforts like THRIVE are essential in creating a future where all women have equal opportunities to thrive.”

The event was attended by the Australian High Commissioner to Sri Lanka, Paul Stephens; UN Women Deputy Regional Director for Asia and the Pacific, Ms. Maria Holtsberg; United Nations Resident Coordinator, . Marc-Andr Franche; and other esteemed dignitaries.

[Prime Minister’s Media Division]

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Ambassador of the Czech Republic meets Sri Lankan PM to strengthen bilateral relations

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The Ambassador of the Czech Republic to Sri Lanka, Ms. Dr. Eliska Zigova,  met with Sri Lanka Prime Minister,  Dr. Harini Amarasuriya, at Temple Trees on Tuesday [25th of March]. The meeting underscored the longstanding friendship between the two nations and explored avenues to enhance bilateral cooperation.

Prime Minister Amarasuriya welcomed Ambassador Zigova and acknowledged the Czech Republic’s continued support for Sri Lanka. In response, Ambassador Zigova commended the new government’s commitment to democratic governance and holding two peaceful elections, reflecting political stability and public trust.

Discussions during the meeting focused on strengthening diplomatic and economic ties. Ambassador Zigova emphasized the importance of existing agreements and reiterated her government’s willingness to expand collaboration in key areas. Particular attention was given to discuss the posibility of signing a Memorandum of Understanding (MoU) on science and education, aimed at building academic partnerships, research collaboration, and knowledge exchange between institutions in both countries.

Prime Minister Amarasuriya highlighted the “Clean Sri Lanka Programme,” a nationwide initiative dedicated to environmental conservation and urban sustainability. Additionally, the two dignitaries discussed prospects for enhancing tourism, with the Prime Minister inviting more Czech visitors to experience Sri Lanka’s cultural heritage, natural landscapes, and growing eco-tourism sector.

The meeting was attended by senior officials from the Embassy of the Czech Republic to Sri Lanka. The Sri Lankan delegation included  Pradeep Saputhanthri, Secretary to the Prime Minister, and P.R.S.S. Gunaratna, Director General of the Europe & North America Division at the Ministry of Foreign Affairs.

[Prime Minister’s Media Division]

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