Connect with us

News

IMF not expected to approve SL’s bailout before year-end

Published

on

The executive board of the International Monetary Fund (IMF) is not expected to formally approve Sri Lanka’s $2.9 billion bailout before year-end, two sources familiar with the matter said.

According to Reuters, the IMF stressed the importance of joint talks involving three of Sri Lanka’s main bilateral creditors – China, Japan and India.

The IMF’s online board calendar, which has added meetings through Dec. 22 to discuss progress and new tranches for a number of emerging economies, makes no mention of Sri Lanka.

In response to an inquiry, Sri Lanka’s finance ministry said it was “100% focused” on securing IMF approval. “We are taking every necessary policy step to secure financing assurances from our bilateral creditors as quickly as possible,” the ministry said in an emailed statement.

However, internal government sources said that another loan from neighboring India will have to be sought to restore the economy.

It is reported from a highly reliable source that this is the main reason why Sri Lankan High Commissioner to India Milinda Moragoda had met the Minister of Finance and Corporate Affairs Nirmala Sitharaman in New Delhi.

High Commissioner Moragoda has held several rounds of discussions with Minister Sitharaman since November last year regarding India’s economic cooperation and support to Sri Lanka.

Indian media reported that the latest meeting between them also focused on further promoting economic and financial relations.

High Commissioner Moragoda informed Minister Sitharaman about Sri Lanka’s ongoing discussions with the IMF and the current status of Sri Lanka’s debt restructuring process.

Mr. Moragoda had also mentioned the severe impact of the economic contraction on the poor and vulnerable communities of the Sri Lankan population.

News

President pays final respects to late Dr. Ariyaratne & Palitha Thewarapperuma (Pics)

Published

on

By

President Ranil Wickremesinghe today (April 19) paid his final respects to the late social activist and founder of the Sarvodaya movement, Dr. A.T. Ariyaratne as well as to former UNP Member of Parliament and former Deputy Minister, Palitha Thevarapperuma.Visiting the Moratuwa Sarvodaya Headquarters where Mr. Ariyaratne was laid to rest, the President offered his final respects and left a condolence note. He also shared condolences with the grieving family members. 

The President also paid his last respects and extended condolences to the grieving family and local community at the residence Palitha Thewarapperuma, in Yatadolawatte, Matugama.

UNP Chairman MP Wajira Abeywardena and several others attended the event.

(Pics : PMD)


Continue Reading

News

Flu & diarrhea cases among children on the rise

Published

on

By

Health Authorities have warned of a rise of diarrhea and flu cases among children after the New Year period.
Consultant paediatrician Dr. Deepal Perera advised parents to immediately seek medical attention if their children have been suffering from fever continuously for 3-4 days.

Continue Reading

News

Fortified rice distribution initiative commences

Published

on

By

The distribution of fortified rice, provided by the World Food Program (WFP) on behalf of the program initiated under the instructions of President Ranil Wickremesinghe, to provide a nutritious meal for school students, commenced today, (19) at the Veyangoda warehouse complex.

In an effort to reduce iron deficiency among school children, fortified rice is provided for school meals. This distribution will be conducted under the supervision of Mr. M.H.A.M. Riflan, Director General for the Partnership Secretariat for World Food Programme Co-operation (PSWFPC), which operates under the purview of the Presidential Secretariat.

As planned, the distribution of 735 metric tons of rice to provincial-level schools commenced today as part of the first phase and will continue tomorrow (20). This rice stock is being delivered to schools under the supervision of officials from the respective Provincial Departments of Education and Public Health Inspectors (PHIs).

Meanwhile, Director General for the PSWFPC, Mr. M.H.A.M. Riflan stated that 378.835 metric tons of dhal, 412.08 metric tons of sunflower cooking oil, and 300 metric tons of dates will be distributed to schools following the start of the new school term on May 19.

Accordingly, the Ministry of Education has implemented measures to provide a main meal at school for all students in grades 1-5 across the country. Following nutritionists’ recommendations, students receive breakfast between 7:30 a.m. and 8:30 a.m. daily before engaging in educational activities.

Under the theme of ‘Healthy Active Generation,’ the 2024 school meal program aims to reduce nutritional problems among students, increase daily school attendance, foster good eating and health habits, contribute to the improvement of educational achievement levels, and fulfil the fundamental objectives of promoting local food culture.The school feeding program for this year extends its benefits to 1.6 million students, including primary students from 9,134 government schools, as well as smaller schools with fewer than 100 students. A budget of Rs. 16.6 billion has been allocated to the nine provincial councils by the government, supplemented by sponsorship from entities such as the World Food Program (WFP) and the United States Department of Agriculture (USDA).

(President’s Media Division) 

Continue Reading

Trending

Copyright © 2023 Sri Lanka Mirror. All Rights Reserved