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China will support SL to develop – Lin Songtian

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President of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) – Mr. Lin Songtian has assured that China will support Sri Lanka to develop, as a friend and partner.
“We always unite as one. We always think as one,” he said, adding that his visit to Sri Lanka is to foster new partnerships with the island nation.

He said this during an event at the Shangri-La hotel yesterday (15).
Noting that this is first visit to Sri Lanka, he said that he will relate Sri Lanka as a land of peace and hospitable, friendly people.

Noting that Sri Lanka should attempt to make the best of its strategic geographical location, Mr. Lin said that although many parties will provide aid, no one will provide jobs and therefore, it is important to utilize such aid to create employment opportunities.
Sri Lanka is ready to provide assistance to Sri Lanka in your development journey. But it isn’t possible to achieve just because another country is ready to assist. Sri Lanka must also be ready, he added.
 
The senior diplomat had also said that he was requested by Chinese Foreign Minister Wang Yi to visit Sri Lanka to inquire into the progresss made with regard to the Belt and Road Initiative (BRI)ග

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Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

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The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

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Derailed train causes delays on coastal line

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A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

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Kristalina Georgieva to head IMF for a 2nd term

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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