News

China participating in Sri Lanka’s debt restructuring is a hopeful sign – US Treasury Secretary

Published

2 years ago

April 9, 2023

editor

China participating in debt restructuring for Sri Lanka is a hopeful sign, said US Treasury Secretary Janet Yellen.

She told the AFP that “We have seen some movement by China on participating in debt restructuring for Sri Lanka, which is a hopeful sign”.

As global growth slows, the World Bank previously warned that the outlook is especially tough for the poorest economies — which face sluggish growth driven by heavy debt burdens and weak investment.

Yellen had earlier said that China should move more quickly on some debt restructurings.

Discussions on this front will continue next week as a newly formed global sovereign debt roundtable gathers, she told AFP.

“We’re having useful technical discussions on important elements of debt restructuring. China has been participating, and we all continue to press China for improvements,” she said.

Washington will continue pushing for a speedier and more predictable operation of the G20 “common framework” for debt restructuring as well.

The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to be announced.

Central bankers, finance ministers and participants from more than 180 member countries are expected to gather in the US capital for the International Monetary Fund and World Bank’s spring meetings in the coming week.

A key topic of discussion will be the World Bank’s evolution, amid a push for lenders to revamp and meet global challenges like climate change. The United States is the largest shareholder of the World Bank Group.

(newsfirst)

News

Dan Priyasad not dead – police (Update)

Published

7 hours ago

April 22, 2025

editor

The Police Media Spokesman says that political activist Dan Priyasad is not dead, but is in critical condition at the Intensive Care Unit.

Previously, the police had stated that Priyasad had succumbed to his injuries after being shot at a housing complex in Salamulla, Wellampitiya.

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(Previous News : 2025/04/22 at 10:41 pm)

Dan Priyasad dies after being shot

Political activist Dan Priyasad has been died after being fatally shot today (April 22).

According to the police, he was shot at a housing complex in Salamulla, Wellampitiya by two two unidentified individuals, who had arrived at the scene on a motorcycle. They had fired at Priyasad before fleeing the scene.

Priyasad had passed away after being hospitalised.

Another person who received minor injuries in the incident, is being treated at hospital.

Wellampitiya Police are conducting further investigations.

News

‘Sri Lanka Mirror’ Chief Editor’s mother passes away

Published

9 hours ago

April 22, 2025

editor

We solemnly announce the passing of Mrs. Pushpa Ranjani Liyanage, cherished wife of late Milk Board manager – Mr. L.S. Rodrigo and the beloved mother of ‘Sri Lanka Mirror’ Chief Editor – Mr. Kelum Shivantha.

Remains will lie at Supreme Rest Funeral Parlour, Kelanimulla from 11.00am to 10.30pm on April 23 and on April 24 morning.

Final rites will be held at the Pilapitiya Cemetery crematorium on April 24 at 3.00 pm.

News

Country has sufficient insulin stocks – Nalinda

Published

9 hours ago

April 22, 2025

editor

Minister of Health Dr. Nalinda Jayatissa has assured that the government has already distributed sufficient insulin stocks for the next four months.

Therefore, he urged the public not to have any unnecessary fears over the matter.

Speaking earlier today (April 22) during the weekly Cabinet briefing, he assured that there is enough insulin available in the country until September this year.
He added that measures are taken to maintain medicine stocks sufficient for a period of four to six months to prevent any shortages.