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Inaugural meeting reviews progress in Implementing IMF reforms

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The inaugural meeting to assess Sri Lanka’s progress regarding the implementation of the new economic reforms proposed by the International Monetary Fund (IMF) was held at the Presidential Secretariat today (14). 

These discussions will be held over a period of two weeks from today and the final discussion of the review will be held on September 26th under the patronage of President Ranil Wickremesinghe.

Representing the Sri Lankan government in this deliberation were Minister of State for Finance Mr. Shehan Semasinghe, President’s Senior Adviser on National Security and Chief of Staff Mr. Sagala Ratnayaka, President’s Secretary Mr. Saman Ekanayake, Advisor to the President on Economic Affairs Dr. R.H.S. Samaratunga, Finance Ministry Secretary Mr. Mahinda Siriwardena and Central Bank Governor Dr. Nandalal Weerasinghe.

The International Monetary Fund (IMF) delegation featured prominent figures such as Peter Breuer ( Senior Mission Chief), Katya  Svirydzenka ( Deputy Mission Chief), Mike Li, Sophia Zhang, Dmitriy Rozhkov, Noda Selim, Sandesh Dhungana, Nui Miao, Mark Adams (virtual), Joei Turkewitz, Nuong Lan Vu

President’s Media Division (PMD)

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Presidential poll will be held first as scheduled: President affirms

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President Ranil Wickremesinghe affirmed that the Presidential election will be held as scheduled with the General Elections anticipated to be held early next year, the President’s Media Division (PMD) said.

The President gave this assurance during a meeting with the representatives of the United Republic Front headed by by its leader Parliamentarian Patali Champika Ranawaka at Sirikotha today.

The United Republic Front presented a proposal titled “A United Step for the Country” to President Ranil Wickremesinghe this morning (24), at ‘Srikotha’, the United National Party headquarters in Colombo.

After engaging in discussions with the President, the leader of the United Republic Front, Member of Parliament Patali Champika Ranawaka, along with his delegation, presented this proposal to the President.

Speaking at the event, President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two years to stabilize the country’s economy, which had faced significant challenges. 

Stressing the government’s commitment to steering the economy towards recovery through strategic reforms, the President expressed his determination to continue these initiatives with the collective support of everyone.

Recalling his open invitation to all political parties to unite under a common agenda on behalf of the country, regardless of political differences, the President reiterated his willingness to embrace constructive proposals from all political parties as part of the nation-building efforts.

The President responded positively to the request made by MP Patali Champika Ranawaka to allow other political parties to participate in the upcoming negotiations with the International Monetary Fund (IMF) next month concerning the restructuring of foreign debts.

United National Party Deputy Leader and President’s Senior Adviser on Climate Change, Ruwan Wijewardena, along with Secretary General of the United National Party Palitha Range Bandara were also in attendance at the event. 

Representing the United Republic Front were Karu Paranavithana, Nishantha Sri Warnasinghe and Attorney-at-Law, Shiral Lakthilaka.

(dailymirror.lk)

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Dedicated SLBFE office to be established in Kegalle district

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In response to a joint request from the Kegalle Migrant Workers Committee and the Kegalle District political authority, Labour and Foreign Employment Minister Manusha Nanayakkara has assured the establishment of a dedicated Sri Lanka Bureau of Foreign Employment (SLBFE) office in Kegalle District.

The request was presented during the Jayagamu Sri Lanka program organized by the Ministry of Labour and Foreign Employment in Kegalle. 

The Committee emphasized the need for an SLBFE office in the district, which has the highest number of migrant workers in Sabaragamuwa Province.

Commending the Minister for his prompt action in establishing a new SLBFE office in Nuwara Eliya District following a similar request, the Committee expressed confidence in his swift response to their current appeal. 

Minister Nanayakkara pledged immediate steps to open an SLBFE office in Kegalle and instructed officials from the Ministry and SLBFE to take the necessary actions for its swift establishment. 

This move aims to enhance support and services for migrant workers in the district.

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Parliamentary committee demands CBSL report on salary hike amid criticism

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Amidst growing criticism over the substantial salary hike for Central Bank employees, a key parliamentary committee has taken action, demanding a report from the Central Bank regarding the legal basis for such an increment without parliamentary approval.

Chairman of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis, MP Gamini Waleboda, disclosed that the issue was raised during a committee meeting where Central Bank officials were present.

The Central Bank is now expected to submit a comprehensive report on the salary increment in the coming week. Following the submission, the Sectoral Oversight Committee intends to summon the Central Bank and its Monetary Board for further examination.

MP Waleboda highlighted that the committee expressed strong criticism of the 70% salary increase for Central Bank employees, especially given the ongoing economic crisis, deeming it an immoral act.

“We instructed the Central Bank to provide a report by next week to justify the salary increase. They will need to provide the legal provisions that empower them to effect such an increment. We will summon the Central Bank and its Monetary Board after receiving the report,” stated MP Waleboda.

Both government and opposition Members of Parliament (MPs) have voiced objections to the Central Bank’s decision to raise the salary scales by 70%, with Chief Opposition Whip Lakshman Kiriella asserting that the Central Bank Act lacks provisions for such salary increases without parliamentary approval, deeming it illegal.

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