News

Agreement with private creditors, China Exim bank before IMF meeting

Published

12 months ago

May 24, 2024

nipuni

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)

News

12-hr water cut in several areas of Colombo

Published

18 hours ago

May 23, 2025

editor

The National Water Supply and Drainage Board (NWSDB) has announced a 12-hour water cut from 8:00 a.m. to 8:00 p.m. on Sunday (May 25) in several areas, including Colombo, due to essential maintenance work at the Ambatale Water Treatment Plant.

Due to this, the public is urged to make prior arrangements and store an adequate supply of water to avoid inconvenience during the period of the suspension.

Accordingly, the water cut will affect the following areas:

Colombo 01 to Colombo 15
Sri Jayawardenepura Kotte
Kaduwela
Battaramulla
Kolonnawa
Kotikawatta
Mulleriyawa
IDH (Infectious Diseases Hospital) area
Maharagama
Dehiwala
Mount Lavinia
Ratmalana and Moratuwa

News

Investigations underway to arrest 20 criminals hiding overseas

Published

18 hours ago

May 23, 2025

editor

The Ministry of Public Security states that investigations are underway to arrest 20 members of major organized crime gangs currently hiding overseas.

Minister Ananda Wijepala stated that Interpol has already issued red notices for their arrest and that the countries where these criminals are hiding have been identified.

He added that investigations into the group have been expanded in coordination with the Ministry of Foreign Affairs.

Since the new government came to power, 11 members of organized crime gangs hiding abroad have been brought back to the island and produced before courts.

Meanwhile, operations to arrest members of organized crime gangs involved in various criminal activities, including murder and drug trafficking, within the country are also ongoing.

The Minister added that the Police Special Task Force and the Criminal Investigation Department (CID) are jointly conducting investigations into the allegations against them.

News

Ex-Minister Duminda Dissanayake arrested

Published

18 hours ago

May 23, 2025

editor

Former Minister and Anuradhapura District Organiser of the Sri Lanka Freedom Party (SLFP) – Duminda Dissanayake, has been arrested in connection with the ongoing investigation into the discovery of a gold-colored T-56 assault rifle at a luxury apartment complex in Havelock Town, Wellawatte.

The firearm, found earlier this week, led to the arrest of 03 suspects, based on information revealed during interrogations conducted in connection with the incident.