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Prez reiterates need to go ahead with local debt restructuring

Declaring that the government had been compelled to go ahead with the debt restructuring programme, President Ranil Wickremesinghe yesterday (27) assured that it wouldn’t have a detrimental impact on both state and private banking sectors.
The assurance was given at the opening of a new building at the Gampaha District Secretariat premises.
President Wickremesinghe said that the government intended to restructure USD 17 bn out of USD 41.5 bn of foreign debt within a five-year period.
Accordingly, local debt, too, would be restructured. The President also said that it wouldn’t have any adverse impact on the EPF and ETF.
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PM’s Secretary attends World Bank Group’s Global Digital Summit

The Secretary to the Prime Minister, Pradeep Saputhanthri, participated in the World Bank Group’s Global Digital Summit 2025, held from March 17 to 20 at the World Bank headquarters in Washington, D.C.
Under the theme “Digital Pathways for All,” the summit brought together global authorities, development partners, private sector leaders, and key stakeholders to explore innovative digital solutions and their role in advancing economic and social development.
The summit provided valuable insights for Sri Lanka’s ongoing digitalization initiatives, which are being spearheaded under the leadership of the President, Anura Kumara Dissanayake. During the high-level discussions, Mr. Saputhanthri engaged with global experts to examine emerging digital technologies and strategies that can drive inclusive and sustainable digital transformation in Sri Lanka.
On the sidelines of the Global Digital Summit, Mr. Saputhanthri held discussions with key officials from the International Monetary Fund (IMF) and the World Bank. He met with Mr. Kenji Okamura, Deputy Managing Director of the IMF, Dr. Krishnamoorthy Subramanian, Executive Director of the IMF, Dr. Krishna Srinivasan, Director of the Asia and Pacific Department of the IMF, and Dr. PKG Harischandra, Alternate Executive Director at the IMF.
During these meetings, Mr. Saputhanthri provided an update on the progress of Sri Lanka’s Extended Fund Facility (EFF) and expressed appreciation for the continued support of the IMF Executive Board, Senior Management, and Staff following the successful completion of the Third Review under the EFF in February 2025. He reaffirmed the Government of Sri Lanka’s commitment to meeting the forthcoming EFF review milestones. Discussions also covered the government’s ongoing digitalization efforts, aimed at supporting vulnerable communities, improving tax system efficiency, and enhancing overall economic productivity.
Mr. Saputhanthri also held a meeting with Mr. Martin Raiser, Vice President for the South Asia Region at the World Bank, to convey appreciation for the World Bank’s extensive support to Sri Lanka. Mr. Raiser reaffirmed the World Bank’s steadfast commitment to assisting Sri Lanka’s economic recovery and development. The discussions focused on future collaborations to ensure continued financial and technical support for the country’s long-term stability and growth.
[Prime Minister’s Media Division]
News
SLAF training aircraft crashes in Wariyapola

A K-8 training aircraft of the Sri Lanka Air Force (SLAF) has crashed in the Wariyapola area, according to the SLAF Spokesman.
No casualties have been reported following the incident and both pilots had ejected from the aircraft and landed safely
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‘Deshabandu is on SLC payroll’; Hesha tables documents

Ratnapura District SJB MP Hesha Withanage yesterday tabled several documents in Parliament to substantiate his allegations against Sri Lanka Cricket (SLC). He presented an Executive Committee meeting minute, claiming that according to it, payments to IGP Deshabandu Tennakoon had been approved.
The MP said that the SLC Executive Committee had appointed Tennakoon, the then Senior Deputy Inspector General (DIG) of the Western Province, as an Advisor to the Security Consultant of Sri Lanka Cricket.
The contract, effective from August 16, 2021, included a monthly allowance of Rs. 150,000, 200 litres of fuel per month, a Rs. 5,000 mobile phone allowance, a laptop, a mobile phone, and medical insurance, MP Withanage told Parliament.
The MP tabled the document in the House in response to SLC’s recent denial of his claims. The SLC had previously dismissed allegations that Tennakoon had been paid or provided with perks, calling them baseless and false.
The SLC denial came after Withanage, commencing the Committee Stage budget debate under the Head of Expenditure of the Ministry of Youth Affairs and Sports, claimed on Tuesday (18) that IGP Tennakoon had been on the payroll of SLC.
MP Withanage criticised the government, stating it had no intention of preventing the accused group from contesting the upcoming SLC election on 31 March. He also accused the current Sports Minister of supporting a corrupt faction within SLC and announced plans to take legal action over the matter.
“This denial by SLC is irrelevant,” Withanage said. “We have a copy of the report approved by the Executive Committee.”
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