News
Sri Lanka awaiting ‘good news’ from global lender within next 24 days
By Sanath Nanayakkare
Sri Lanka, which is having talks with the People’s Bank of China, Reserve Bank of India and China Development Bank, is likely to receive good news from at least two of the institutions this month, Dr. Chandranath Amarasekara, Director of Economic Research of the Sri Lanka Central Bank says.
Dr. Amarasekara said so at a Q&A session as a guest speaker at a webinar, Economy+Sector Review-Outlook 2021, organised by the Ceylon Chamber of Commerce; the event was hosted by HSBC Premier Sri Lanka.
According to Dr. Amarasekera, Sri Lanka had to meet debt repayments of US$ 4.3 billion in 2021 and its foreign reserve levels stood at US$ 5.7 billion as at December 2020.
“We are confident that we can meet our external debt obligations in 2021”, Dr. Amarasekara said.
Asked how Sri Lanka would meet its near term external debt repayments, Dr. Amarasekara said: “This is not a new development for Sri Lanka. In 2019 and 2020 also we honoured debt repayments amounting to US$ 4.5 billion each year. However, the current speculation on the matter isn’t helpful. What is more conducive to the current conditions is making the right moves to benefit from the prevailing positive domestic market sentiment and to drive domestic production to a higher level and boost inflows.”
Asked about the ‘historic level’ of Treasury bills held by the Central Bank, he said:”The Central Bank buys government securities to support the economy and to boost liquidity in line with the Central Bank’s monetary policy. This has been done in the past too. When we can’t buy in the primary market, we buy in the secondary market.
“With the lower global oil prices and current import restrictions in place, we were able to save foreign currency worth US$ 3.9 billion in 2020. If this can be repeated, it will help ease the deficit in our trade account. Yes, there will be losers in the process, but this is a necessary evil.”
News
Govt. extends ban on LTTE
The NPP government has issued a new extraordinary gazette renewing and extending Sri Lanka’s long-standing ban on the LTTE and several Tamil diaspora organisations and individuals, continuing to designate them as “terrorists”.
The gazette, published recently, replaces a previous gazette issued in May 2025 and reaffirmed the proscription of a wide range of Tamil political and advocacy bodies operating around the world, alongside dozens of named individuals. The government alleged both the organisations and individuals listed are involved in “terrorism-related activities”.
The organisations blacklisted by the Sri Lankan government include:
• Liberation Tigers of Tamil Eelam (LTTE)
• Tamil Rehabilitation Organisation (TRO)
• Tamil Coordinating Committee (TCC)
• World Tamil Movement (WTM)
• Transnational Government of Tamil Eelam (TGTE)
• World Tamil Relief Fund (WTRF)
• National Council of Canadian Tamils (NCCT)
• Tamil Youth Organisation (TYO)
While the majority of the designations mirror those contained in the May 2025 gazette, the latest document updates identification details and addresses for a number of individuals and introduces at least one additional organisation to the list. All entries have been reissued under new reference numbers for 2026, though the underlying allegations and framing remain unchanged.
Successive governemnts have maintained a sweeping proscription regime against Tamil diaspora groups and individuals. A ban can make it a criminal offence for Sri Lankan citizens to maintain contact with these organisations or their members, severely restricting political engagement and stifling links between the diaspora and the Tamil homeland.
The original mass listings were introduced in 2014 under the administration of Mahinda Rajapaksa. Despite repeated outcry, subsequent governments have continued to uphold and renew the proscription regime, even after the Rajapaksas were voted out of power.
News
Police obtain court order banning Wimal’s protest
Police yesterday (12) obtained an injunction order from the Kaduwela Magistrate’s court against the protest launched by National Freedom Front (NFF) leader and former Minister Wimal Weerawansa opposite the Education Ministry, Isurupaya, at Battaramulla.
Police informed Weerawansa of the court order. In line with the court order, the police informed Weerawansa that the road near the Ministry should not be obstructed and that no sound amplification equipment be used while the GCE Advanced Level (A/L) examination is in progress. The examination, put off due to Cyclone Ditwah, recommenced yesterday.
News
Chinese Foreign Minister Wang Yi expresses optimism that Sri Lanka is on the right path to progres
Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath held productive discussions with his Chinese counterpart Wang Yi today (12/01), during the latter’s brief visit to Sri Lanka.
The meeting aimed at further strengthening bilateral engagement and advancing the Strategic Cooperative Partnership between the two countries. Both Ministers reaffirmed the longstanding friendship and time-tested cooperation between Sri Lanka and China rooted in centuries of exchanges and consolidated since the establishment of diplomatic relations seven decades ago. The discussion also focused on enhancing partnership in the areas of trade, investment, development cooperation and tourism.
Minister Herath extended deep appreciation to the Government and the people of China for the steadfast support extended to Sri Lanka following cyclone Ditwah and requested further support for the second phase of resettlement, relocation and rebuilding, particularly for the restoration of affected infrastructure including identified roads, railways and bridges that are vital to connectivity, economic recovery and daily lives of people. Minister Wang assured China’s fullest support for this initiative and expressed confidence that Sri Lanka will continue its rapid recovery under the leadership of President Anura Kumara Disanayaka. He also welcomed the people-centric policies of the Government and expressed optimism that Sri Lanka is on the right path toward fulfilling aspirations of its people.
Minister Herath expressed appreciation for China’s constructive role in international fora and reiterated Sri Lanka’s firm commitment to the One China Policy and China’s sovereignty and territorial integrity.
Both Ministers also recalled the successful high level exchanges in the recent past, including visits of the President and the Prime Minister of Sri Lanka to China in 2025.
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