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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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Islandwide operation against child begging

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Child beggars

A special operation has been launched by the Bureau for the Investigation of Abuse of Children and Women and the National Child Protection Authority (NCPA).

The operation was conducted across multiple police divisions including Colombo North, Colombo South, Colombo Central, Nugegoda, Gampaha, Panadura, Kelaniya, Negombo, Mount Lavinia, Kalutara, Tangalle, Anuradhapura, Kandy, Kurunegala, Chilaw, Ratnapura, Galle, and Matara.

According to the police media division, the operation has rescued 21 minors found begging or selling goods in unsafe conditions.

They have been placed under protective care, the statement adds.

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Notice for landowners over uncultivated land

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The Department of Agrarian Development has issued a notice to landowners with uncultivated land, requesting them to submit reasons for non-cultivation within the next 02 weeks.

Commissioner General – Rohana Rajapaksha highlighted that over 120,000 acres of land, which should have been cultivated, have been abandoned.

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All President’s Fund services go online from today

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All services provided by the President’s Fund to the public will be available through an online system, from today (June 21).

The acceptance of applications for medical assistance under the President’s Fund through Divisional Secretariats island wide commenced on February 07.

Following the successful implementation of that initiative, preparations have now been completed to expand the digital system to include all other services offered by the Fund.

Accordingly, the public will be able to apply online via any Divisional Secretariat across the country for a wide range of services provided under the President’s Fund. These include assistance for poverty alleviation, provision of educational scholarships, recognition of students demonstrating academic excellence, support for individuals with special needs, relief assistance for children affected by wild elephant conflict, recognition of individuals for their national service or contributions to the country, Emergency and disaster relief.

As a result, citizens across Sri Lanka, especially those outside Colombo can conveniently access the services of the President’s Fund without having to travel long distances.

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