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IMF Insists on creditor assurances to unlock SL bailout

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Sri Lanka still needs adequate assurances from other bilateral creditors for its program to be approved, the International Monetary Fund said, after Paris Club lenders said they will re-structure debt.

“We welcome the recent statement by the Paris Club to provide financing assurances to Sri Lanka following the assurances provided by India,” an IMF spokesperson said.

“Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances and also continues to advance domestic reforms,” an IMF spokesperson has said in a statement on the progress of its Extended Fund Facility to the South Asian nation.

“As soon as adequate assurances are obtained and remaining requirements are met, including by the Sri Lankan authorities, the EFF arrangement for Sri Lanka can be presented to the IMF’s Executive Board for approval.”

The Paris Club and India have provided formal support to the multilateral lender for the loan recast, while has offered term extensions, urging others to adopt a similar approach.

Sri Lanka has about $50 billion in foreign currency debt, of which about $10 billion is mainly split between China, Japan and India, according to government data as of December.

(Excerpts : Bloomberg.com)

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Principal arrested in Mullaitivu for photographing postal ballot

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A principal has been arrested in Mullaitivu after allegedly photographing a postal ballot paper after casting his vote.

The incident occurred on Friday at the voting center located within the Mullaitivu Zonal Education Office.

According to reports, the principal, who was serving as an assistant returning officer, cast his vote on the ballot paper and then took a photograph of it. This was noticed by another officer at the location, who promptly filed a complaint.

The principal was taken into custody yesterday evening. The 55-year-old suspect, a resident of Puthukkudiyiruppu, has since been released on bail.

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Palitha Bandara Fifth in T63 Javelin at Paris Paralympics

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Sri Lankan athlete Palitha Bandara finished fifth in the men’s T63 javelin throw at the 2024 Paris Paralympics.

He achieved a personal best with a throw of 14.51 meters.

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President meets ITAK leader amidst party’s conflicting support

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President Ranil Wickremesinghe met with Ilankai Tamil Arasu Kachchi (ITAK) senior leader MP Mavai Senathirajah at his residence in Kankasanthurai, Jaffna, during his visit as part of the “Puluwan Sri Lanka” presidential campaign. 

Senathirajah expressed confidence in Wickremesinghe’s chances in the upcoming election, noting his potential to ensure development in the Northern region.

This meeting adds complexity to ITAK’s stance, as the party, under MP M.A. Sumanthiran’s leadership, had earlier declared support for Sajith Premadasa, the Samagi Jana Balawegaya candidate. 

Meanwhile, ITAK had also announced their decision not to support Tamil common candidate P. Ariyanenthiran.

Senathirajah, however, had previously stated that he was unaware of these decisions.

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