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USD 2.9bn IMF loan facility: Govt. confident of completing process early next year

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Responding to media reports that the IMF wouldn’t take up Sri Lanka’s financial crisis, before the end of this year, State Finance Minister Shehan Semasinghe yesterday (14) said that the government was yet to receive assurances from its bilateral creditors, as regards debt restructuring, though they were supportive of our efforts.

Declaring that discussions were progressing, the State Minister said: “We will miss the intended formal approval by the IMF, in December, but are working hard to complete the required process by early next year.”

Sri Lanka and the IMF announced in September an agreement on USD 2.9 bn loan facility, spread over a period of four years.



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Majority of the population lacks trust in elections and the political system – President

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During his address at the ‘2023/2024 National Law Conference’ held at the Grand Hotel Nuwara Eliya, President Ranil Wickremesinghe said that the majority of the population, including the youth lacked trust  in elections and politics .

The President further emphasized that while the re-establishment of law and order, as well as political and economic stability, is crucial, it does not imply that Sri Lanka has completely overcome the crisis. He emphasized the necessity of making significant commitments in the future to ensure the success of the entire process.

 

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Prime Minister Dinesh Gunawardena has audience with King and Queen consort of Thailand

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Prime Minister Dinesh Gunawardena called on King Majabijayalgkon and the Queen Consort at the Royal Palace in Bangkok on Friday (02).

The King referred to the long-standing Buddhist ties between the two countries and said that fond memories of his visit to Dalada Maligawa in Kandy 30 years ago when he was the Crown Prince is still in his heart.

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Commit to safeguard Buddhism and preserve the invaluable Buddhist heritage – President

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President Ranil Wickremesinghe in his Poson message urged everyone to commit to safeguard Buddhism and preserve the invaluable Buddhist heritage gifted to us by the arrival of Arahat Mahinda Thera in our land.

He said that Poson Poya Day is of the highest significance to Sri Lankan Buddhists as it marks the historic arrival of Arahat Mahinda Thera to our Motherland with the message of the Buddha, paving the way to create a new meaningful identity as well as a cultural renaissance.

 

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