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Sri Lanka’s debt restructuring likely to be complete by September – IMF

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The IMF has expressed hope that Sri Lanka’s debt restructuring process would be completed by September, which is also the time for the global lender’s formal review of the bailout facility it extended to the cash-strapped nation, a senior IMF executive said on Monday.

The International Monetary Fund (IMF)  recently extended a  USD 3 billion bailout facility to debt-ridden Sri Lanka that would help stabilise the country’s economy after it was jolted by a devastating economic crisis last year.

“The IMF is hopeful that Sri Lanka’s debt restructuring process would be completed by September which is the time for the first review,” Krishna Srinivasan, the IMF’s director for Asia Pacific, told reporters.

(PTI)



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Charted Computer Institute of Sri Lanka to be established

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The Chartered Computer Institute of Sri Lanka was established in 1976 as the premier and sole body representing professionals in the Information and Communication Technology sector in Sri Lanka. It has recognized the importance of establishing the Sri Lanka Chartered Computer Association as the main professional organization to act on behalf of the interests of professionals representing the computer sector in Sri Lanka, which should be treated equally with other professional organizations that have obtained chartered status and other formal recognition.

Accordingly, taking into account a resolution furnished by the Hon. President, the Cabinet of Ministers has decided to grant policy approval for the establishment of the Chartered Computer Institute of Sri Lanka and to instruct the Legal Draftsman to prepare a draft bill in line with the proposed objectives.

 

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Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 to be amendend

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it has become essential to introduce appropriate revisions to the Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 so that a proper formal mechanism can be  maintained in treatment and rehabilitation.

Accordingly, considering a resolution forwarded by the Minister of Public Security and Parliamentary Affairs, the Cabinet of Ministers decided to grant the policy approval to revise the Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 and direct the Legal Draftsman to formulate a draft bill including the relevant amendments.

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Mrs. O. T. M. I. Thilakarathne appointed to the Post of Surveyor General

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The Cabinet of Ministers approved the resolution furnished by the Minister of Agriculture, Livestock, Lands and Irrigation to appoint  Mrs. O. T. M. I. Thilakarathne, the senior most officer in Sri Lanka Surveyors’ Service serving as an Additional Surveyor General of that Department to the Post of Surveyor General that will be vacant from 20.08.2026.

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