Ranil Wickremesinghe Kristalina Georgieva Sri Lanka Maldives Ghana Egypt president economy Assurant Ranil Wickremesinghe Kristalina Georgieva Sri Lanka Maldives Ghana Egypt

World Bank Chief assures support for Sri Lanka’s growth

Reading now: 174

COLOMBO (News 1st) – World Bank Group President David Malpass has affirmed the World Bank Group’s support to Sri Lanka in rebuilding their economy & creating a foundation for sustainable private sector-led growth, said the President's Media Division.President Ranil Wickremesinghe met World Bank Group President David Malpass at COP27 where discussions focused on the challenging macro-economic and social situation in Sri Lanka.Sri Lankan President Ranil Wickremesinghe returned to the country on Thursday (10) concluding his visit to Egypt where he attended the COP-27 summit.President Ranil Wickremesinghe held discussions on debt management with the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, Finance Minister of Ghana Ken Ofori-Atta and Speaker of the People’s Majlis of the Maldives Mohamed Nasheed on the sidelines of COP27.President Ranil Wickremesinghe addressing the COP 27 Climate Change Conference in Sharm El-Sheikh, Egypt said that unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences.

He said that the problems facing poor countries are augmented due to the absence of adequate funding.As a result, these countries are facing double jeopardy – struggling to develop economically while fighting to protect the living standards of their populations, said the President in his speech.Therefore, President Wickremesinghe said that the developed countries must deliver on their pledge in Glasgow – by doubling their funding to compensate the developing countries for loss and damage.Accordingly, he said that as proposed by the Climate Vulnerable Forum, commissioning a Special Report on this aspect to strengthen.

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

Kristalina Georgieva - IMF’s Georgieva to press for quicker action on debt relief with China - newsfirst.lk - China - city Beijing
IMF’s Georgieva to press for quicker action on debt relief with China
(Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that she will travel to Beijing next week with heads of other international institutions to press for quicker action on debt relief for poor and developing countries.The meetings with the country's leadership will focus on China's economic, COVID-19 and debt relief policies and will include officials from China Development Bank and the Export-Import Bank of China, the IMF said."This is the first time, hopefully, we will be able to sit together and discuss the very pressing issues that China, and the world are faced with," Georgieva told the Reuters NEXT conference.Georgieva said that during the Beijing meetings she intends to discuss ways to accelerate China's participation in debt relief for poor and developing countries as the world's largest official bilateral creditor."I am very hopeful that when we have a chance next week to discuss these issues, we will continue on a path of finding better solutions and strengthening the capacity of the common framework to deliver," she said, referring to G20 countries' slow-to-launch common debt restructuring framework.World Bank President David Malpass told the conference that he would join the discussions in Beijing, along with officials from the World Trade Organization, Organization for Economic Cooperation and Development and others.Georgieva and Malpass have both called for reforms of the common framework to offer heavily indebted countries a freeze in debt service payments when they apply for debt relief and clearer timelines for reaching agreement on debt treatments.Asked if China's slowing growth would limit its appetite for agreeing to debt reductions, Georgieva said she hoped
Ranil Wickremesinghe - Temple Trees - Jana Balawegaya - Sagara Kariyawasam - SLPP, SJB & Nidahas Janatha Sabhawa to moot budget proposals - newsfirst.lk - Sri Lanka - county Dallas
SLPP, SJB & Nidahas Janatha Sabhawa to moot budget proposals
COLOMBO (News 1st) – A special meeting of the ruling party is scheduled to be held on Monday (14) in connection with the upcoming appropriation bill.The meeting, which is scheduled to be held at 05:00 PM at the Temple Trees, will be presided over by the President and the Prime Minister.The General Secretary of the SLPP, Attorney-at-law Sagara Kariyawasam said that the ruling party MPs will be specially briefed about the upcoming budget proposals.Officials of the Ministry of Finance and the Central Bank as well as several economic experts are also scheduled to be involved.Kariyawasam also said that the Sri Lanka Podujana Peramuna will extend its full support to President Ranil Wickremesinghe's decision to restore the country's economy.However, Karivayasam stated that his party will take a decision on extending support for this year's budget after further consideration of the budget proposals presented tomorrow.Meanwhile, the Samagi Jana Balawegaya says that it has called a meeting of its parliamentary group on Monday (14) afternoon to discuss the budget proposals.Its General Secretary, MP Ranjith Madduma  Bandara said that the meeting will be held at the Parliament Complex under the Chairmanship of the Opposition Leader.Moreover, MP Dallas Alahapperuma stated that a meeting of the reformist group of the Sri Lanka Podujana Peramuna representing the Nidahas Janatha Sabhawa will be held at 5:00 PM on Monday (14) to discuss the budget proposals.
Ranil Wickremesinghe - COP27: Sri Lanka proposes for world’s first International Climate Change University - newsfirst.lk - Sri Lanka - Maldives - Egypt
COP27: Sri Lanka proposes for world’s first International Climate Change University
COLOMBO (News 1st) – Sri Lankan President Ranil Wickremesinghe proposed to establish an International Climate Change University in Sri Lanka with an ancillary institute in the Maldives to counter obstacles in implementing climate action plans.He was speaking at the COP-27 Conference in Egypt on Tuesday (8), and noted that the institution would be the first of its kind in the world."This seat of learning can be a global centre for green and blue studies, for scientists, environmentalists, researchers, policymakers, development practitioners, and students the world over to inter-change knowledge, transcending national and disciplinary boundaries," said the President.He went on to note that the envisaged climate change university will offer both short-term courses, and post-graduate academic awards to build capabilities on mitigating and adapting to climate change and stressed on the collaboration of multilateral institutions and organizations such as the Commonwealth, World Bank and the Asian Development Bank amongst others needs to be sought for the establishment of the institute of higher learning making it a multi-stakeholder partnership transcending national boundaries. "It is my hope that Sri Lanka's proposal will receive extensive support and endorsement from the international community.
Ranil Wickremesinghe - Nihal Thalduwa - Kandakadu Brawl: Over 200 detainees remanded - newsfirst.lk - Sri Lanka
Kandakadu Brawl: Over 200 detainees remanded
COLOMBO (News 1st) – 217 detainees who were arrested for their involvement in the recent brawl at the Kandakadu Treatment and Rehabilitation Center were remanded.Police Spokesperson & Attorney SSP Nihal Thalduwa told News 1st that the detainees were produced to the Polonnaruwa and Hingurakgoda Magistrate Courts and were thus remanded.Commissioner General of Rehabilitation Major General Darshana Hettiarachchi told News 1st that an investigation is underway over the brawl, adding that a five-member committee comprising of senior ranks will investigate the brawl at the Kandakadu Treatment and Rehabilitation Center.The report prepared by this investigation body will be handed over to the Justice Minister upon completion.Sri Lankan authorities said that scores of detainees held at the Kandakadu Treatment and Rehabilitation Center fled the premises following Sunday (6) night's brawl.According to reports, the cause of the brawl was a dispute over the use of a bucket used for bathing at the premises.547 detainees were at the Kandakadu Treatment and Rehabilitation Center at the time of the brawl.The Commissioner General of Rehabilitation said that steps will be taken to start assessing the damage caused to the facility following the brawl, and it will be carried out by government officers.On the 29th of June 2022, a brawl broke out at the same facility resulting in the death of one detainee, while 400 others escaped.Sri Lankan President Ranil Wickremesinghe has called for a full report on the Kandakadu Rehab Center incident.The President's Media Division said that the necessary steps needed to be taken to avert a recurrence of such incidents have also been called for, following discussions with Justice Minister Wijeyadasa