News
Ranil asks for debate on impending IMF report on Lanka

By Saman Indrajith
UNP Leader Ranil Wickremesinghe yesterday in Parliament asked the government to give a date for a debate on an upcoming IMF report on Sri Lanka.
Wickremesinghe said that the report would be published in the third week of this month. Therefore, it was better if the House could debate the report in the first week of March.
The former Premier said that such a debate would enable MPs to debate the content of the report without their party affiliations and the Leader of the House should table that report and the Finance Committee too should pay attention to the content of the IMF report.
The UNP leader said that there was no use of trying to ascertain whether the present financial crisis in the country was because of the mismanagement of the incumbent government or of the former government or of King Mahasen. “What is needed at the time is to get everybody’s opinion and suggestions to reach a common consensus and a sound plan to steer the country out of the present crisis situation”, he said.
The UNP leader asked for a date for a debate during the first sitting week of March. “Someone has to come up with a plan to solve the present crisis and that plan should be reached with the concurrence of all in Parliament and thereafter it could be sent to the President”, Wickremesinghe said.
Leader of the House Education Minister Dinesh Gunawardena said that the matter of allocating a date for the debate could be discussed at the next party leaders’ meeting.
Chief Opposition Whip Kandy District SJB MP Lakshman Kiriella said that his party too had asked for a two day debate on the current economic crisis. Parliament was said to have the financial controlling power of the country. Yet the Finance Minister did not come to Parliament. He did not keep Parliament informed of the financial situation and nobody knew what was happening.
“The finance minister gives interviews to newspapers and voice cuts to TVs but does not inform parliament. Even Minister Udaya Gammanpila said that the present economic crisis is not because of the COVID-19 pandemic”, Kiriella added.
Chief Government Whip Highways Minister Johnston Fernando: The Chief Opposition Whip asking for a two day debate. They had been waiting till the economy collapsed in the month of January. They even made arrangements to come on TV live to tell the nation that the economy collapsed. Your economic experts predicted that this country would go bankrupt. That did not happen. In the same way we would not let this crisis affect the country’s economy. We have the strength to manage the crisis. The finance minister is handling his ministry properly.
News
President requests the opposition to support the implementation of the IMF agreement

President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the IMF agreement, which would aid in the development of Sri Lanka’s economy.
The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better future by creating laws and frameworks that prevent the recurrence of past errors.
President Ranil Wickremesinghe delivered this message in a special address to Parliament this morning (22) regarding the receipt of the Extended Credit Facility from the International Monetary Fund.
He stated that despite allegations being leveled against him that his objective was not to rescue the country from an economic crisis but to safeguard the Rajapaksa family, the international community had acknowledged his efforts to carry the country across the economic vine bridge.
The President further said that he had faith in rebuilding the beloved country where he was born, brought up and educated, and said that many past experiences were the reasons for confirming that faith.
News
SJB, JVP move SC against Finance Secy. for contempt of court

The main Opposition, Samagi Jana Balavegaya (SJB), and the Janatha Vimukthi Peramuna (JVP) yesterday (21) moved Supreme Court against Treasury Secretary Mahinda Siriwardana over his failure to provide funds required by the Election Commission to conduct the Local Government polls, ignoring an interim order issued by the apex court, on 03 March.
Ranjith Madduma Bandara, MP, is the petitioner for the SJB and Vijitha Herath, MP, moved court on behalf of the JVP, the leading party in the Jathika Jana Balawegaya (JJB).
Two Opposition parties declared action against Siriwardana the day after the Freedom People’s Alliance (FPA) issued a seven-day ultimatum to the Finance Secretary to release the funds.
EC Chairman Nimal Punchihewa is on record as having said that in spite of SC directive he didn’t receive fresh funding.
The petitioners sought the issuance of summons on Siriwardana for contempt of court over failure to carry out its interim orders, given on 03 March.
The petitioners want the Finance Secretary punished in terms of Article 105 (3) of the Constitution.
The SJB stated that Siriwardana had refrained from carrying out the March directives, on the basis of a Cabinet decision, taken on 13 Feb., 2023. The SJB also pointed out that the offensive conduct of the Treasury Secretary, inter alia, causes grave prejudice to the esteemed authority of the Supreme Court and in turn disturb the public confidence in the authority of the highest Court in the country. (SF)
News
Minister indicates reduction in fuel prices in April

Power and Energy Minister Kanchana Wijesekara told Parliament yesterday that fuel prices would be reduced considerably according to the fuel price formula at the next fuel price revision, due in April.
The Minister said that the government would be able to procure fuel shipments, at lower prices, during competitive bidding, with the receipt of the IMF bailout.
There had been practical issues, and problems, in opening Letters of Credit, and obtaining credit facilities, in the recent past, as Sri Lanka could not give a guarantee to fuel suppliers, Minister Wijesekara said.
“We could not open LCs and obtain credit facilities when procuring fuel. After the IMF bailout, we will be able to procure fuel at lower prices during competitive biddings. We will be able to obtain a long-term credit facility as well. Fuel prices in the global market seem to have declined and the rupee has also gained strength against the US Dollar. Having considered all these factors, fuel prices will be reduced by a considerable margin which could be felt by the people,” he said.
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