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Agreement with private creditors, China Exim bank before IMF meeting

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The Government has announced that it will sign Memorandums of Understanding (MoUs) with the Paris Club and the Export-Import Bank of China (EXIM Bank) to restructure the country’s debt before the end of the International Monetary Fund (IMF) Executive Board meeting.

State Minister of Finance Shehan Semasinghe told the Daily News that Sri Lanka will make every effort to reach an agreement with the official creditor committee of the Paris Club and the Export-Import Bank of China on debt restructuring, and will sign the MoUs once an agreement is reached.

He emphasised that the IMF Board of Directors will promptly review Sri Lanka’s Extended Funding Facility (EFF)arrangements, and Sri Lanka is expected to sign the MoUs before that review.

The Minister stated that following this review, US$ 330 million in funds will be released to Sri Lanka by IMF. This amount represents the third installment of the extended loan programme provided to Sri Lanka by the IMF.

He also expressed confidence that the restructuring process with bilateral creditors will be completed very soon.

(dailynews.lk)

 (This story, originally published by dailynews.lk has not been edited by SLM staff)

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CoI on Deshabandu concludes examining evidence by both parties

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The examination of evidence by both the Respondent and the Prosecution before the Committee of Inquiry concluded.

The Committee recommends that both parties submit their written submissions to the Committee of Inquiry before 3:30 p.m. on the 8th of July.

Examining evidence before the Committee of Inquiry to inquire and report its findings on IGP T.M.W. Deshabandu Tennakoon in respect of acts of gross abuse of power, concluded yesterday (July 01), with the presentation of evidence by both the Respondent, representing Inspector General of Police Deshabandu Tennakoon and the Prosecution.

The Committee of Inquiry, chaired by Supreme Court Judge P.P. Surasena and comprising Justice W.M.N.P. Iddawala and E.W.M. Lalith Ekanayake, Chairman, National Police Commission, convened today, during which, testimonies were obtained from two additional witnesses by the Prosecution.

These two witnesses had been overseas on official duty. Thus, in accordance with the prior agreement between the two parties, reached to obtain the evidence post June 26, held before the Committee of Inquiry with the participation of Additional Solicitor General (President’s Counsel) Dileepa Peiris and 

Deputy Solicitor General Rajitha Perera, representing the Attorney General’s Department, and R.S. Weerawickrama Attorney-at-Law, appearing on behalf of the Inspector General of Police, it was decided to record the statements of these two witnesses today.Furthermore, both the Prosecution in representation of the Attorney General’s Department and the Respondent Inspector General of Police agreed to submit their respective written submissions to the Committee of Inquiry before 3:30 p.m. on July 08, 2025.

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Govt to present 2026 Appropriation Bill in October

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Cabinet approval has been granted to a proposal presented by President Anura Kumara Dissanayake in his capacity as Minister of Finance , Planning and Economic Development to present the Appropriation Bill for the year 2026 to Parliament in October 2025.

Approval has also been granted to present the Budget speech in November 2025 and to hold the third reading and budget debate during November and December.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (July 01).

The decisions taken by the Cabinet of Ministers are as follows :

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