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Kristalina Georgieva to head IMF for a 2nd term

Published

1 year ago

April 13, 2024

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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GoSL strongly rejects genocide claims & protests against monument in Canada

Published

1 hour ago

May 14, 2025

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Sri Lanka’s Foreign Minister Vijitha Herath today (May 14) met with the Canadian High Commissioner in Colomno to formally object to Canada’s approval and inauguration of a Tamil Genocide Monument in Brampton, Ontario.

Minister Herath had reiterated the Government of Sri Lanka’s strong objections regarding the unfounded genocide allegations and the approval of constructing such a monument, which complicates and undermines the government’s efforts toward reconciliation and national unity.The MFA statement issued in this regard is as follows :

Media Release Eng-3 Download

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Harak Kata levels bribery allegations against Tiran & Deshabandu

Published

1 hour ago

May 14, 2025

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Notorious underworld figure – Nadun Chinthaka Wickremeratne, alias Harak Kata, has claimed that he is being detained in Tangalle over his refusal to pay a Rs. 300 million bribe allegedly demanded by former Public Security Minister – Tiran Alles and suspended IGP Deshabandu Tennakoon.
He levelled the allegations before reporters today (May 14) while he was being escorted by police from the Colombo Court Complex following a court hearing.

“There are so many things to say… I will reveal them then,” he had said before being taken back into custody.

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Hayeshika granted bail (Update)

Published

1 hour ago

May 14, 2025

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Popular tuition teacher Hayeshika Fernando, widely known as ‘Teacher Amma,’ was granted bail by the Negombo Magistrate’s Court today (May 14) over allegedly assaulting a young man.

Her husband and the manager affiliated to her institute, who were previously arrested over the incident, have also been granted bail.

Hayeshika, who had been missing afterwards, had surrendered to the Negombo Magistrate’s Court today.

(Previous News on 14^th May, 2025 at 3:33pm)

Tutor Hayeshika surrenders to court

Popular tutor – Hayeshika Fernando, who had been evading arrest, has surrendered to the Negombo Magistrate’s Court.

President’s Counsel Anuja Premaratne, appearing on behalf of the accused, informed the court that his client had voluntarily surrendered.

Hayeshika’s husband and the manager of the institution she is affiliated with were recently arrested over the alleged assault of a young man.

However, Hayeshika had remained at large until her court appearance today. Three police teams were also appointed to arrest her.

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