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There are difficulties in providing funds for the election – Finance Secretary tells Election Comm

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World Bank’s IFC to provide Sri Lanka with $400 mn financing - newsfirst.lk - Sri Lanka
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World Bank’s IFC to provide Sri Lanka with $400 mn financing
(Reuters) – The International Finance Corporation (IFC), the World Bank's investment arm, said it will provide Sri Lanka a $400 million cross-currency swap facility to help fund essential imports.Three private banks, which together deal with over 30% of Sri Lanka's remittances and exports, will receive the facility to fund essential imports, including medicine, food and fertiliser, the IFC said in a statement on Monday (27).The funds will provide a much needed foreign exchange cushion for Sri Lanka, which is grappling with its worst financial crisis in over seven decades partly triggered by a severe shortage of dollars.The island nation's economy is estimated to have contracted by 9.2% in 2022 and is expected to shrink a further 4.2% in 2023, according to World Bank data."We expect this financing to boost confidence in the investor community, attract fresh capital inflows to support the Sri Lankan economy," said Joon Young Park, IFC's Portfolio Manager, Financial Institutions Group for South Asia.IFC is also working on further plans to support client banks with other long-term funding and advisory services in the future, the statement added.Sri Lanka signed a preliminary agreement with the International Monetary Fund (IMF) for a $2.9 billion bailout last September but has to put its debt on a sustainable repayment track before the funds can be disbursed.
Justin Trudeau - Pressure mounts on Trudeau to call inquiry into foreign political meddling - globalnews.ca - China - Canada - county Canadian
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Pressure mounts on Trudeau to call inquiry into foreign political meddling
Justin Trudeau is under increasing cross-partisan pressure to call an independent inquiry into foreign meddling in Canadian politics.The push for some form of public inquiry isn’t limited to the Liberals’ political opponents, but former senior national security officials and a former close confidant of the prime minister. Read more: Canada needs an inquiry into Chinese election interference: ex-spymaster Read next: Part of the Sun breaks free and forms a strange vortex, baffling scientists “Some form of non-partisan deep look has to happen here,” Gerald Butts, Trudeau’s former principal secretary, told Global News in an interview Sunday.Butts, now the vice chairman of the Eurasia Group, said there are a number of ways the government could commission a non-partisan investigation, including a public inquiry, Royal commission or a commission of inquiry.“We have many tools at our disposal,” Butts said, adding that while recent reports have focused on Chinese political interference, the issue is broader.“It’s not going to get at the heart of the problem if we just pick one election cycle and one country.”Global News reported Saturday that Dick Fadden, the former head of the Canadian Security Intelligence Service (CSIS) and a longtime senior national security official, said he could see no “compelling reason” not to hold a public inquiry into foreign interference.
Giorgia Meloni - Migrant boat crashes off coast of Italy, killing at least 43 people - fox29.com - Italy - Eu - county Cross
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Migrant boat crashes off coast of Italy, killing at least 43 people
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Ranil Wickremesinghe - Nimal Punchihewa - Final decision on Local Government Election today (24) - newsfirst.lk - Sri Lanka
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Final decision on Local Government Election today (24)
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