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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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Colombo Fort – KKS express to resume daily

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Sri Lanka Railways says the Colombo Fort – Kankesanthurai Express train will resume daily operations within this month.

It is operating only on weekends at the present.

SLR says that the daily operations will now commence following capacity improvements.

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Doctors say rest is crucial for children with flu symptoms

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Pediatricians have warned that children showing symptoms of influenza may suffer heart damage if they engage in sports or strenuous physical activity.

Dr. Deepal Perera, Consultant Pediatrician at Lady Ridgeway Hospital for Children, has advised parents to keep children with such symptoms at home and avoid sending them to school or preschool.

He has also noted that there are rising cases of Dengue, Chikungunya and Diarrhea among children as well.

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KKS police station receives anonymous threat call

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The Kankesanthurai Police Station has reportedly received an anonymous phone call alleging that around 10 police stations in the Northern Province would come under attack.

The call was received between 1:15 p.m. and 1:20 p.m. on 11 June, police said.

Police investigations have been launched in connection with the anonymous threat.

Meanwhile, the Police Media Division stated that enhanced security measures are being implemented to ensure the safety of police stations across the Northern Province.

(adaderana.lk)

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

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