China India Sri Lanka economy Provident Assurant China India Sri Lanka

Creditors nod to Sri Lanka; IMF Staff Level Agreement likely to be approved

Reading now: 523
www.newsfirst.lk

Colombo (News 1st) – The International Monetary Fund announced on Tuesday (07) that Sri Lanka has received financial assurances from all its major bilateral creditors.

This paves the way for the IMF Board to consider the approval of the Staff Level Agreement for financing under the Extended Fund Facility on March 20.Earlier in the day, China gave assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the nation to secure a USD 2.9 billion bailout from the IMF.

The IMF approval for a USD 2.9 billion loan depended on financial assurance from all Sri Lankan creditors. India and members of the Paris Club initially expressed their willingness to provide financial assurance verbally.

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

“Human Rights Commission of Sri Lanka Concerned Over Use of Force Against Protesters” - newsfirst.lk - Sri Lanka
newsfirst.lk
88%
536
“Human Rights Commission of Sri Lanka Concerned Over Use of Force Against Protesters”
The Human Rights Commission of Sri Lanka expressed concerns over law enforcement officers who resorted to the use of tear gas, water cannons and wooden rods as a crowd control mechanism to disperse protesters over the past few days.Issuing a statement, the HRCSL noted that every citizen is entitled to the freedom of Assembly and expression and that this right has been exercised by different individuals and groups in the country. The statement further read that the Commission has initiated inquiries and investigation procedures to ascertain whether the crowd control procedures adopted by law enforcement officers are in line with constitutional provisions, international human rights obligations of Sri Lanka and basic principles of respecting human dignity. Public Security Minister Tiran Alles is expected to appear before the Commission tomorrow for an inquiry over the violent crackdown by the Police on March 7 and 8 when dispersing protests held near the Universities of Colombo and Kelaniya.The Commission is optimistic that the discussion with the Minister would help adopt a mechanism to prevent the violations of fundamental human rights in future and recommend guidelines in compliance with human rights for the control of crowds during protests.The Human Rights Commission of Sri Lanka expressed concerns over law enforcement officers who resorted to the use of tear gas, water cannons and wooden rods as a crowd control mechanism to disperse protesters over the past few days.Issuing a statement, the HRCSL noted that every citizen is entitled to the freedom of Assembly and expression and that this right has been exercised by different individuals and groups in the country. The statement further read that the Commission has
Sri Lanka using expired tear gas on protests? - newsfirst.lk - Sri Lanka
newsfirst.lk
55%
483
Sri Lanka using expired tear gas on protests?
COLOMBO (News 1st); A report prepared by the Centre for Society and Religion on the use of tear gas in Sri Lanka has revealed that Sri Lanka Police has not conducted any laboratory test over the contents of tear gas munitions.The report filed based on the information obtained via the Right to Information Act revealed that Sri Lanka Police had used expired tear gas munitions to disperse protests in 2022, and some of those munitions were produced back in 2000.It noted that in 2012, a total of 20,000 tear gas munitions were procured and until 2016 only 2,306 of those units were used.The report adds that the remaining munitions were to expire in 2017, however they were not disposed.It added that from 2012 to 2019 a total of over 40,000 tear gas munitions were to expire, and during that period 8,265 tear gas munitions were used on protests, and another 31,735 expired tear gas munitions remain in service.The report from the Centre for Society and Religion notes that the handling of tear gas munitions by Sri Lanka Police totally violates all instructions given by the manufacturers, including to not deploy the munitions close to live firearms, and not to fire them directly at protestors.It added that from March to July 2022, during the period of the worst economic crisis in the country, Sri Lanka Police deployed 6,722 tear gas munitions on 84 separate occasions at a cost of Rs.
Sri Lanka actively participated in formulating UN High Seas Treaty - newsfirst.lk - New York - Sri Lanka
newsfirst.lk
61%
460
Sri Lanka actively participated in formulating UN High Seas Treaty
Colombo (News 1st) – State Minister of Foreign Affairs Tharaka Balasooriya says that "Sri Lanka actively participated and contributed to the process," of agreeing upon the historic High Seas Treaty.After more than 20 years of negotiations, over 100 member states of the United Nations on Saturday (4th) finally agreed upon the text of the historic High Seas Treaty, the world's first international treaty aimed at protecting the millions of species that inhabit the world's oceans.The High Seas Treaty places 30% of the seas into protected areas by 2030, aiming to safeguard and recuperate marine nature.The agreement was reached on Saturday evening, after 38 hours of talks, at UN headquarters in New York.The negotiations had been held up for years over disagreements on funding and fishing rights.The last international agreement on ocean protection was signed 40 years ago in 1982 – the UN Convention on the Law of the Sea.When News 1st reached out to State Minister of Foreign Affairs Tharaka Balasooriya in this regard, he said that "Sri Lanka actively participated and contributed to the process."He added, "An agreement was reached following more than a decade of discussions on the 4th of March 2023 by UN member states to have an internationally legally binding instrument on the conservation and sustainable use of biodiversity beyond areas of natural jurisdiction under the united nations law of the sea."  That agreement established an area called the high seas – international waters where all countries have a right to fish, ship and do research – but only 1.2% of these waters are protected.Marine life living outside of these protected areas has been at risk from climate change, overfishing, and shipping traffic.
Sri Lankans - Tharaka Balasuriya - Sri Lanka attends UN conference in Qatar - newsfirst.lk - Sri Lanka - Italy - Palestine - Qatar - city Doha, Qatar
newsfirst.lk
72%
221
Sri Lanka attends UN conference in Qatar
Colombo (News 1st) – State Minister of Foreign Affairs Tharaka Balasuriya was amongst the dignitaries present for the Fifth United Nations Conference on the Least Developed Countries taking place in Doha, Qatar The event is being held from the 5th to the 9th of this month.State Minister Tharaka Balasuriya met with counterpart Sultan bin Saad Al Muraikhi, the Minister of State for Foreign Affairs in Qatar, for a discussion that touched upon many areas including the recognition of the Sri Lankan Engineering degrees by Qatari authorities and Sri Lanka's technical support for Qatari government's attempt to promote cricket in Qatar. Tharaka Balasuriya also expressed Sri Lanka's unwavering support for the Palestinian cause and its people to the President of the State of Palestine Mahmoud Abbas.With ongoing progressions and developments on the new establishment of the Office of Overseas Sri Lankans, the State Minister held a side meeting with HE Antonio Vitorino, Director of IOM in Doha, in which HE Vitorino assured IOM support on the digitalization of the Office of Overseas Sri Lankans as well as continuous support of the IOM with matters pertaining to migration. State Minister Balasuriya also met with Deputy Minister of Foreign Affairs, Italy Maria Tripodi. Discussions were held, particularly on bilateral relations between the respective countries.
DMCA