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Kristalina Georgieva - Julie Chung - US welcomes Sri Lanka’s IMF package; Ambassador says structural & lasting reforms are critical - newsfirst.lk - Usa - Sri Lanka - county Will
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US welcomes Sri Lanka’s IMF package; Ambassador says structural & lasting reforms are critical
COLOMBO (News 1st); The United States of America has welcomed the approval of Sri Lanka’s IMF package."Great news & an important step on the road toward economic recovery," tweeted US Ambassador to Sri Lanka Julie Chung on Monday (20).She said that the Sri Lankan government will need to continue reforms and conclude debt restructuring agreements to ensure the program – and the economy – stay on track.She noted that structural & lasting reforms that address good governance & transparency are critical to ensure all citizens of Sri Lanka can prosper.IMF Managing Director Kristalina Georgieva also noted that she was very pleased the Executive Board of the IMF had approved about $3 bn of IMF support for Sri Lanka’s economic policies & reforms. She said that it was an important milestone with International Creditors coming together to help to restore debt sustainability. "Crucial to unlock Sri Lanka's growth potential," she added.The International Monetary Fund said that it will enable an immediate disbursement equivalent to about US $ 333 million for Sri Lanka under EFF program, following Executive Board approval on Monday (20).The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion).Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis.
IMF to release US $ 333 Mn immediately to Sri Lanka under bailout package - newsfirst.lk - Usa - Sri Lanka
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IMF to release US $ 333 Mn immediately to Sri Lanka under bailout package
COLOMBO (News 1st); The International Monetary Fund said that it will enable an immediate disbursement equivalent to about US $ 333 million for Sri Lanka under EFF program, following Executive Board approval on Monday (20).The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion).Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis.The economy is facing significant challenges stemming from pre-existing vulnerabilities and policy missteps in the lead up to the crisis, further aggravated by a series of external shocks.The EFF-supported program aims to restore Sri Lanka’s macroeconomic stability and debt sustainability, mitigate the economic impact on the poor and vulnerable, safeguard financial sector stability, and strengthen governance and growth potential. The Executive Board’s decision will enable an immediate disbursement equivalent to SDR 254 million (about US$333 million) and catalyze financial support from other development partners.COLOMBO (News 1st); The International Monetary Fund said that it will enable an immediate disbursement equivalent to about US $ 333 million for Sri Lanka under EFF program, following Executive Board approval on Monday (20).The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion).Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis.The economy is facing significant challenges stemming from pre-existing
Ranil Wickremesinghe - IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn - newsfirst.lk - China - Usa - India - Sri Lanka
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IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn
COLOMBO (News 1st); The IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF) that will enable Sri Lanka to access up to $7 billion in funding, reported the President's Media Division.President Ranil Wickremesinghe has expressed his gratitude for the support of the IMF and other international partners, said the PMD.It added that the President committed to full transparency in all discussions with financial institutions & creditors, & to achieve sustainable levels of debt through prudent fiscal management & an ambitious reform agenda.The IMF program is critical to achieving this vision & will help to improve Sri Lanka's standing in international capital markets, making it an attractive country for investors, talent, & tourists, said the President's Media Division.Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan.The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.President Ranil Wickremesinghe welcomed the announcement:“In the 75 years of Sri Lanka’s independence, there has never been a more critical period for ou economic future. Our official creditors have declared their support following continuous and positive engagements over the last few months, and we are pleased that the IMF Executive Board approved our program, enabling Sri Lanka to access up to US$ 7 billion in funding from the IMF and IFIs.
Attorney General recommendation on tenure of LG bodies expected on Monday (20) - newsfirst.lk
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Attorney General recommendation on tenure of LG bodies expected on Monday (20)
COLOMBO (News 1st); State Minister of Provincial Councils and Local Government, Janaka Wakkumbura said the Attorney General's recommendation on whether the tenure of the local government institutions will be extended, is expected today (20).The tenure of 340 Local Government Institutions lapsed on Sunday (19) night, and the matter of extending the tenure was referred to the Attorney General.The official term of 340 local government institutions ended at midnight on Sunday (19).Accordingly the tenure of 29 municipal councils, 36 urban councils and 275 pradeshiya sabhas ceased from midnight on Sunday (19).The tenure of the members of the 340 Local Government Institutions commenced on the 20th of March 2018, after the Local Government Election held on 10th February that year.The Elpitiya Pradeshiya Sabyha held a separate election and as a result, their official term began in October 2018. Although the official term of 340 local government institutions was supposed to end on the 20th of March last year, the Minister in charge used his authority in order to extend the term by a year to end in 2023. Accordingly, the official term of 340 local government institutions ceased on Sunday (19).The State Minister of Provincial Councils and Local Government Janaka Wakkumbura says that thereafter, all administrative activities of these institutions will be handed over to the commissioners or secretaries. This is as per the provisions set out in the  Local Authorities Elections Ordinance.
Nihal Thalduwa - ‘Booru Moona’ leads cops to high-powered explosives - newsfirst.lk - Sri Lanka - city Dubai
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‘Booru Moona’ leads cops to high-powered explosives
COLOMBO (News 1st); Sri Lanka Police said that 662 grams of high-powered explosive were recovered following the interrogation of  Ravindu Warnaranga also known as 'Booru Moona'.Police Spokesperson SSP Nihal Thalduwa told News 1st that the explosives were found concealed near an electricity post in Hanwella.Ravindu Warnaranga also known as 'Booru Moona', a wanted criminal who escaped police custody and was evading capture, was arrested close to the Court Complex in Avissawella on Friday (17).Police Spokesperson & Attorney SSP Nihal Thalduwa told News 1st that 'Booru Moona' was wanted by authorities for a series of murders and other crimes.‘Booru Moona’ had attempted to fly to Dubai under a false name from the Katunayake Airport on February 24th, and he was arrested by Immigration Officers at the BIA, who then handed him over to the Airport Police.Thereafter, he had escaped police custody and two monks along with another man were arrested by the Katunayake Police for facilitating the escape of the suspect.Moreover, a husband and wife duo who were arrested for providing accommodation to the fugitive ‘Booru Moona’ who escaped while in the custody of the Katunayake Airport Police,  were remanded.‘Booru Moona’ was identified as the shooter by detectives who investigated the incident where a owner of a restaurant was shot dead at point-blank range in Hanwella on December 18th in 2022.The court had granted Sri Lanka Police to detain and interrogate the suspect for a period of 72 hours.
Julie Chung - Free TSP fertilizer for North & East farmers; Distribution for other areas to commence soon - newsfirst.lk - Usa - Sri Lanka
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Free TSP fertilizer for North & East farmers; Distribution for other areas to commence soon
COLOMBO (News 1st);Sri Lanka's Agriculture Ministry said that 1.2 million local farmers will be given Triple Super Phosphate or TSP Fertilizer free of charge from Monday (20), after three harvesting seasons.The shipment of 36,000 metric tons  Triple Super Phosphate (TSP) was funded by the United States Agency for International Development (USAID) and procured by the Food and Agriculture Organization of the United Nations (FAO) for distribution free-of-charge to farmers.Accordingly, 11,537 MT of TSP fertilizer will be issued to farmers in the Northern, and Eastern Provinces.TSP Fertilizer will be issued via all Agrarian Services Centers in the country.The Ministry of Agriculture said that TSP Fertilizer will be issued to other areas to commence harvesting.According to the ministry, 55 kg of fertilizer is recommended for one hectare of paddy cultivation.More than a million Sri Lankan paddy farmers in all 25 districts will get vital assistance through a shipment of over 36,000 metric tons of fertilizer handed over by the United States to the Ministry of Agriculture. This second shipment of USAID-supported fertilizer is delivered on a promise USAID Administrator Samantha Power made last September in response to Sri Lanka’s food security challenges. It brings the total of USAID-supported TSP and urea fertilizer to more than 45,000MT over the last year.U.S.
Ranil Wickremesinghe - Temple Trees - Sri Lanka will be led to the path of success – President - newsfirst.lk - Sri Lanka
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Sri Lanka will be led to the path of success – President
PMD: President Ranil Wickremesinghe emphasized that the Royal College cricket team’s effective captaincy ultimately led to the team’s victory at a time when all of the matches were being lost and that his effort is to lift the defeated country to the path of victory similar to what the captain of the Royal College cricket team did.The President recalled that when he assumed office last July, the country was experiencing numerous crises such as shortage of fuel, food, and fertilizer. He compared this to the Royal team, which had suffered a string of defeats, and claimed that many people believed the country would not be able to recover.However, President Ranil Wickremesinghe stressed that his team was able to change that situation and create economic stability in the country in the last seven months and emphasized that Sri Lanka is no longer a bankrupt state.President Ranil Wickremesinghe made this statement while addressing the 32nd Interact District Conference held at Temple Trees on Sunday morning (19).He said that everyone would be able to witness a developing country in the next two years, and to make Sri Lanka the most prosperous country in the region, it is necessary to build the economy in addition to stabilizing it today.The President added that the 25-year plan to make Sri Lanka a successful nation by 2048 has already been implemented and it can only be achieved with the commitment of the current youth.This conference was organized by St.
Voters consolidating around NPP/JVP and SJB nationally, reveals IHP Poll - newsfirst.lk
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Voters consolidating around NPP/JVP and SJB nationally, reveals IHP Poll
COLOMBO (News 1st); A survery by the Institute for Health Policy revealed that nationally voters are consolidating around the NPP/JVP and SJB, and around ITAK and SJB in the northern Province, with support for the SLPP, SLFP and UNP falling,It noted that overall, NPP/JVP support surged in February giving it a clear lead with 43% of likely General Election voters, compared with 30% for the SJB. The SLPP, UNP and ITAK were far behind with support of 4% of likely voters each, and SLFP support remained at 2%.It goes on to note that NPP/JVP lead in February would have been  arger if not for a gap in voter enthusiasm with its supporters saying they are less likely to vote.IHP’s latest MRP analysis of likely voters indicates that in the 12 months since February 2022 when SLPP support last peaked, the NPP/JVP has gained 30 points and the SJB 11 points. Meanwhile, the SLPP, and SLFP have lost 28 and 15 points respectively, and the UNP has seen its support fluctuate but end only two points higher. During these twelve months, support for the NPP/JVP has fluctuated, peaking in April and in July 2022, and then again currently, but over the longer term its support has steadily risen. In contrast, the increase in support for the SJB has been slower but also less volatile. The fluctuations in support for the NPP/JVP indicate that it has benefited successively from successive swings in floating voters.
Vanithabhimana 2022: Shalani Tharaka adjudged Most Popular Woman - newsfirst.lk - Sri Lanka
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Vanithabhimana 2022: Shalani Tharaka adjudged Most Popular Woman
Actress Shalani Tharaka was adjudged the Most Popular Woman at 'Sri Lanka Vanithabhimana 2022' The women who made the Top Five at 'Sri Lanka Vanithabhimana 2022' were Actress Shalani Tharaka, Actress Dusheni Mayurangi, Musician Kanchana Anuradhi, Actress Ruwangi Ratnayake, and Female Cricketer Chamari Atapattu.Grand Finale of 'Sri Lanka Vanithabhimana 2022' – powered by News 1st and NDB to empower Sri Lankan women took place on Thursday (16) evening at the Stein Studios in Ratmalana.The Gala evening was graced by women representing various fields and distinguished guests. 'Sri Lanka Vanithabhimana 2022' is a program organized to empower the women of Sri Lanka and to recognize them for their achievements.Vanithabhimana 2022 was an island-wide program that spanned across a year to locate Sri Lankan Women entrepenuers living in the most remote areas.On Thurday (16) evening these women walked on the Red Carpet to the Stein Studios for the Grand Finale.A panel of expert judged led by Director General Department of Manpower & Employment Anusha Gokula Fernando selected the best from the best at  Vanithabhimana 2022.Women who braved the challenges in multiple sectors including, Sports, Entrepreneur – Micro Scale, Entrepreneur – Small Scale, Upcoming Entrepreneur, Voluntary Services, Art, Education Services, and Young Leader were recognized at the event.Women who excelled in the  Provincial Level competitions under 10 categories qualified for the National Level Competition.10 women who excelled in those fields were also recognized at Vanithabhimana 2022.Further, 10 women who excelled at Industrial and Professional level were also recognized.Veteran Actress Anoja Weerasinghe, the First Female Aviator of Sri Lankan Airlines Captain
Marie Trevelyan - Ali Sabry - James Cleverly - Another four countries give assurances to IMF on Sri Lanka - newsfirst.lk - Sri Lanka - Kuwait - Britain - Pakistan - Scotland - city London - Hungary - Saudi Arabia
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Another four countries give assurances to IMF on Sri Lanka
COLOMBO (News 1st); Sri Lanka's Foreign Minister Ali Sabry, PC said that four more countries have stepped forward to provide debt restructuring assurances to the International Monetary Fund.He tweeted that Saudi Arabia, Pakistan, Hungary, and Kuwait have given debt restructuring assurances to IMF. The Foreign Minister is in the UK to attend the Commonwealth Day celebrations.Minister of Foreign Affairs, Ali Sabry will participate in the 22nd Commonwealth Foreign Affairs Ministers Meeting (CFAMM) at the Commonwealth Headquarters, Marlborough House, London on 15 March 2023. This year’s CFAMM will engage the Foreign Ministers in discussing joint responses to shared challenges such as the need to build resilience for peaceful and sustainable societies, climate financing for environmental sustainability and leveraging intra -commonwealth trade and digital connectivity for economic recovery, food, and energy security.On the sidelines of these events, Minister Sabry will have a call on the Rt Hon James Cleverly, Secretary of State for Foreign, Commonwealth Development Affairs (FCDO), bilateral meetings with Rt Hon Patricia Scotland KC, Secretary General of the Commonwealth, Ann Marie Trevelyan, Minister of State for Indo – Pacific FCDO and Lord Mervyn Davies of Abersoch, Prime Minister’s Trade Envoy for Sri Lanka. The Foreign Minister will also participate in an afternoon tea hosted by Rt Hon Lord Naseby at the House of Commons and deliver remarks on Sri Lanka’s relations with the UK to a cross section of British Parliamentarians organized by the Sri Lanka High Commission in London together with Sri Lanka Tea Board.
Ranil Wickremesinghe - Sri Lanka will not risk offering debt treatment outside IMF program – President - newsfirst.lk - China - Japan - India - Sri Lanka
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Sri Lanka will not risk offering debt treatment outside IMF program – President
COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe has expressed gratitude to the Paris Club, Japan, India, and China for enabling cooperation required to reach an IMF facility for the country.In an open letter to Sri Lanka's Official Bilateral Creditors, President Wickremesinghe noted that the government deployed all efforts to demonstrate our commitment to the EFF program and relentlessly engage on the path to reforms. He said the administration has already implemented major reforms by way of prior actions agreed with the IMF.The President said his government introduced a robust  reform agenda aimed at achieving debt sustainability, strengthening governance, widening the social safety nets supporting the most vulnerable and ensuring we can grow an inclusive  economy attractive to international business. He said this is how Sri Lanka will improve the lives of its people and ensure they are first in line to benefit from improvements in our economic conditions.The President has requested creditors to maintain and even enlarge and strengthen official bilateral creditor coordination in the context of Sri Lanka's forthcoming engagement. He called on the Paris Club  bilateral partners, in particular Japan, together with all our other official bilateral partners,  including India and China, to garner and foster coordination as you best see fit.The Presidnet noted that Sri Lanka is committed to communicate transparently with all on any debt treatment terms that are agreed with any creditor or group of creditors, before being formalized. The President in his letter has also committed not to resume debt service to any creditor unless that creditor agrees on a comprehensive debt treatment in line with IMF-supported
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