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Japan to organize Sri Lanka creditors’ meeting over debt crisis

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Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving that country’s debt crisis, The Yomiuri Shimbun has learned.

The meeting, which will discuss such issues as finding ways to reduce debt payments, aims to curb China’s influence by helping Sri Lanka cope with its so-called debt traps, which arose after China provided huge loans to the country to fund infrastructure developments and other projects.

Sri Lankan President Ranil Wickremesinghe asked Japan for help during talks with Prime Minister Fumio Kishida and other people during a visit to Japan at the end of September to attend the funeral of former Prime Minister Shinzo Abe, according to Japanese government sources.

The meeting is expected to focus on measures to reduce debt payments and postpone repayment deadlines, among other related steps. Japan continues to urge other creditor countries to play a proactive role in dealing with the issue.

Sri Lanka’s economy has suffered due to sluggish tourism during the novel coronavirus pandemic and soaring food and resource prices following Russia’s invasion of Ukraine. In April, the Sri Lankan government introduced an emergency measure to suspend its repayment of external debts.

According to the Sri Lankan government, the nation’s external debt at the end of June stood at $46.6 billion (¥6.93 trillion), accounting for about 70% of its gross domestic product.

Sri Lanka has more than 20 creditors, with China topping the list at $7.3 billion (about ¥1.086 trillion), followed by Japan at $2.7 billion (about ¥402 billion) and India at $1.7 billion (about ¥253 billion).

While struggling to repay its debts, Sri Lanka in 2017 effectively transferred to China the operating rights of one of its ports.

China – which has come under criticism from the international community for causing Sri Lanka’s economic collapse – will not play a leading role in restructuring Sri Lanka’s debts, and the Japanese government will have to tread carefully in its efforts to reach agreement among creditors in a manner acceptable to Beijing.

(yomiuri.co.jp)

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

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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)


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Flu & diarrhea cases among children on the rise

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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.

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Fortified rice distribution initiative commences

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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) 

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