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ADB provides SL access to concessional financing

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The Asian Development Bank (ADB) on Wednesday said it has approved Sri Lanka’s eligibility to access concessional financing.

The availability of concessional assistance, offered at low interest rates, broadens Sri Lanka’s options to bridge its urgent development financing needs to restore economic stability and deliver essential services, particularly to the poor and vulnerable, the Philippines‎-based regional development bank said in a press release.

Eligibility for concessional resources among the ADB’s developing member countries is based on gross national income per capita and creditworthiness.

ADB explained that its decision was considered based on a request from the Sri Lanka government in view of the severe and unprecedented economic crisis that has reversed hard-won development gains.

“ADB is committed to further enhancing its support for the people of Sri Lanka as the country responds to this deep crisis that has severely undermined their livelihoods and well-being,” said ADB Director General for South Asia, Kenichi Yokoyama. “The availability of concessional assistance will help Sri Lanka to lay the foundation for economic recovery and sustained, inclusive growth.”

Thus, Sri Lanka is now eligible for ADB support including concessional and market-based financing, technical assistance, policy advice, and knowledge solutions that together comprise a comprehensive suite of options to address the crisis.

The ADB notes that access to concessional financing will also ease debt servicing pressures through more favourable lending terms.

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SLTB earns nearly Rs. 1.3 bn. revenue in 9 days

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Special bus services will continue to operate for commuters returning to Colombo after the Sinhala and Tamil New Year, according to the Transport Manager at the Sri Lanka Transport Board (SLTB), H. Piyathilaka.

He further stated that a 24-hour bus service is already in operation and added that a special bus service has also been arranged, particularly for devotees attending the ‘Siri Dalada Wandanawa’ in Kandy, with nearly 150 SLTB buses deployed on the Kandy–Colombo route.

The SLTB’s Transport Manager further emphasized that from April 10 to April 19, the SLTB earned nearly Rs. 1,300 million in revenue, with this income expected to increase further in the coming days.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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Easter attacks PCOI report handed over to CID

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The final report of the Presidential Commission of Inquiry into the 2019 Easter Sunday attacks has been handed over to the Criminal Investigation Department (CID).

Public Security Minister Ananda Wijepala has confirmed that Secretary to the President – Nandika Sanath Kumanayake handed over the report.

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CID probe launched over photo of tooth relic

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The Criminal Investigation Department (CID) has launched an investigation into a photo circulating on social media, allegedly showing the sacred tooth relic during the ongoing special exposition – ‘Siri Dalada Vandanawa’ in Kandy.

According to Police Headquarters, the circulating image is seemingly an image taken by a devotee who attended the exposition, which is being held until April 27.

The police emphasises that devotees are not permitted to take photos or use their phones.

In this backdrop, the CID is investigating to ascertain whether the circulating photo was indeed taken during the ‘Siri Dalada Vandanawa’ exposition, and whether it was a photo captured by someone or whether it is merely an edited image.

The CID investigation has been launched on the instructions of the Acting Inspector General of Police.

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