News

IMF commends SL’s progress on debt sustainability

Published

2 months ago

August 4, 2024

editor

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)

News

Around 500 apparel factory workers hospitalized due to food poisoning

Published

4 hours ago

September 19, 2024

editor

Around 500 workers at a privately owned apparel factory in Bakamoona, Polonnaruwa have been hospitalised over food poisoning, reports say.
According to reports, the employees have fallen ill after consuming food provided by the factory.

However, they are not in critical condition and are being treated at the Bakamoona and Atthanakadawala Hospitals.

(Source : Aruna)

News

HC freezes 2 luxury apartments purchased by Keheliya’s son

Published

4 hours ago

September 19, 2024

editor

The Colombo High Court has issued an order preventing the use of two luxury apartments located in the Colpetty area which had been purchased by Ramith Rambukwella, the son of former Health Minister Keheliya Rambukwella.

The two luxury apartments had allegedly been purchased for Rs. 80 million and Rs. 65 million.

The order was issued today (19) by Colombo High Court Judge Manjula Thilakaratne after considering a request from the Bribery Commission.

The Bribery Commission informed the court that Mr. Ramith Rambukwella had purchased two apartments from an apartment complex located in Colpetty for Rs. 80 million and Rs. 65 million respectively.

The commission requested the court today to issue an order to prohibit the property from being used or accessed as an investigation is being carried out in this regard, as part of an investigation against former Health Minister Keheliya Rambukwella.

The High Court Judge, who considered the request, issued an order preventing the use of two luxury apartments until December 19.

(adaderana.lk)

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

News

Schools closed islandwide tomorrow

Published

4 hours ago

September 19, 2024

editor

The Ministry of Education has announced that all schools across the island will be closed tomorrow (Sep. 20) before reopening on Sep. 23.

Additionally, schools designated as polling stations are required to be handed over to the respective Grama Niladhari officials today, following the conclusion of school hours.