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IMF commends SL’s progress on debt sustainability

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The IMF has commended Sri Lanka’s progress towards achieving debt sustainability, with Senior Mission Chief Peter Breuer highlighting the successful execution of domestic debt restructuring and the finalization of agreements with the Official Creditor Committee and China EXIM Bank as major milestones in this effort.

“The authorities have made commendable progress with putting debt on a path towards sustainability,” Breuer said. “The execution of the domestic debt restructuring and finalizing the agreements with the Official Creditor Committee and China EXIM Bank are major milestones.”

The IMF has been closely involved in assessing Sri Lanka’s debt restructuring initiatives.

Breuer noted that IMF staff reviewed the “Joint Working Framework” announced after the second round of restricted discussions with the bondholder committee. This assessment was shared with Sri Lankan authorities and the financial advisors of the bondholders.

“We encourage a swift resolution of the remaining steps to achieve debt sustainability and regain investor confidence,” Breuer added. “We will continue to support Sri Lanka’s ongoing debt restructuring efforts.”

Looking ahead, the IMF will formally assess Sri Lanka’s progress in meeting key commitments under the IMF-supported program during the third review of the Extended Fund Facility (EFF).

The timing of this review will be discussed with the government following the announcement of the upcoming presidential elections.

(newsfirst.lk)

(Except for the headline, this story, originally published by newsfirst.lk has not been edited by SLM staff)

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Fairly heavy rains expected today

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The Department of Meteorology says that showers or thundershowers will occur at several places in Sabaragamuwa, Central, Eastern and Uva provinces and in Polonnaruwa and Hambantota districts during the afternoon or night today (April 19).

The department noted that fairly heavy falls of above 50 mm are likely at some places in these areas.

Showers may occur in Western province and in Galle, Matara and Puttalam districts in the morning.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

Misty conditions can be expected at some places in Central, Sabaragamuwa and Uva provinces and in Ampara and Batticaloa districts during the morning.

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Massive turnout of devotees for worshiping ‘Siri Dalada Vandanawa’

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The ‘Siri Dalada Vandanawa’, the special exposition of the Sacred Tooth Relic of Lord Buddha, which commenced yesterday (April 18), continues today (April 19) for its second day.

Accordingly, devotees have been given the opportunity to pay their respects to the Sacred Tooth Relic today from 12 noon to 5:30 p.m.

Media reports indicate that nearly 100,000 devotees worshipped the Sacred Tooth Relic yesterday (April 18).

Many devotees stayed in long queues overnight, lighting oil lamps and can be seen waiting to pay their homage today.

Kandy Municipal Commissioner Indika Kumari Abeysinghe stated that due to the unexpectedly large turnout on the first day, several pre-planned arrangements had to be adjusted.

In addition to the facilities provided by the Kandy Municipal Council for the devotees who come to worship the Sacred Tooth Relic, temples and mosques in the area have also been opened for the devotees, she further stated.

Meanwhile, as of early this morning, one of the queues of devotees waiting to pay homage had reportedly extended more than 8 km – from near Kandy’s Red Bridge area (Rathu Bokkuwa) to the Ketawala area along the Thalathuoya road.

The local residents had treated the devotees who had waited in queues all night with tea and water and had also provided accommodation to some of the devotees in their homes.

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Earth slips block Beragala-Wellawaya road

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Traffic on the Beragala–Wellawaya road has been disrupted due to earth slips near the Viharagala area (184 km post), the Disaster Management Centre reported.  

The Badulla District Deputy Director has alerted relevant authorities to clear the debris and restore normal traffic flow.  

Motorists are advised to use the Ella–Wellawaya road as an alternative route until the road is cleared. Authorities are working to resolve the issue promptly.  

Stay tuned for further updates.

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