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SL hopes for productive talks at IMF WB spring meetings

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Shehan Semasinghe

Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported.

Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary Mahinda Siriwardena.

“Through partnership and collective efforts, Sri Lanka would be able to achieve enhanced growth,” Semasinghe said, adding that the talks would be important in securing the next tranche of the USD 2.9 billion International Monetary Fund bailout.

Semasinghe said the funds would benefit low-income families with the extended relief programme ‘Aswesuma’.

Over 182,000 such families will be credited their cash handouts by the end of this week.

Sri Lanka aimed to strike debt restructuring deals with private creditors and sovereign bondholders by June to meet the IMF bailout programme targets.

     “We expect fruitful engagements that will pave the way for unlocking the next tranche of essential funding and a speedy debt resolution which will enhance economic stability, confidence, sustainable growth, restore debt sustainability and ultimately, improve the welfare of every Sri Lankan citizen,” Semasinghe said in a post on X.

The IMF and World Bank meetings will take place in the background of both the World Bank and the ADB warned last week that detailing all hard economic reforms in the election year could hamper the recovery.

It’s been two years since Sri Lanka declared its first-ever default on sovereign debt. The negotiations for debt restructuring continue.

Sri Lanka goes for a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year, PTI has said.

However, political uncertainty prevails in the country as opposition parties have pledged to reverse the current IMF-linked reforms, which have proved unpopular with the masses.

President Ranil Wickremesinghe, who has steered the recovery programme by going into a bailout deal with the IMF for a USD 2.9 billion facility, maintains that the island could once again face economic collapse if the IMF programme reforms are not adhered to.



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‘Deshabandu is on SLC payroll’; Hesha tables documents 

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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.”

By Saman Indrajith

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LG polls on 06 May

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R.M.A.L. Ratnayake

Election Commission (EC) Chairman R.M.A.L. Ratnayake yesterday announced that the Local Government (LG) elections would be held on 6 May 2025.The date was revealed during a special media briefing following the conclusion of the submission of nominations for LG polls.

Nominations for 336 LG institutions, which began on 17 March, were officially closed at 12:00 noon yesterday. Additionally, the deadline for placing deposits ended at midnight on 19 March.The EC said 17,296,330 persopns were eligible to vote in this year’s LG elections.

by Ranil Dharmasena

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Navy dives into depths off Colombo, where ocean whispers of history’s numerous wrecks 

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Two members of the diving team (pic courtesy SLN)

The Sri Lanka Navy conducted a successful shipwreck expedition from 10 to 17 March focusing on historically significant shipwrecks located in the sea area off the coast of Colombo.

The expedition was carried out to document the current state of numerous shipwrecks lying beneath the waves, off Colombo. The survey included the Coal Wreck, Chief Dragon Car Carrier, MV Astoria, MT Nilgiri, Thermopylae Sierra, MV Pecheur Breton, Taprobane East Wreck, SS Worcestershire, Toilet Barge, SS Perseus and some other unidentified wrecks, according to the Navy.

Navy divers explored a series of shipwrecks, including the historically significant SS Worcestershire and SS Perseus, both sunk during World War I. Beyond their historical value, the wrecks of the Chief Dragon Car Carrier and Thermopylae Sierra are now functioning as thriving artificial reefs, providing habitats for a variety of marine species.

A total of 14 diving officers and 15 diving sailors participated in this intensive shipwreck expedition. They used both atmospheric air and nitrox air mix as breathing agents, depending on depth and dive duration. This enhanced safety and efficiency, particularly for deeper and more complex dives.

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