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No other active option for SL except IMF agreement

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President Ranil Wickremesinghe says the government has not taken a final decision on restructuring domestic debt.
Joining the three-day Parliamentary debate on the International Monetary Fund this morning, President Wickremesinghe said when the discussions with foreign debtors are initiated, Sri Lanka would have to take a decision on restructuring its domestic debts.

In a special statement delivered to Parliament today (26), President Ranil Wickremesinghe announced that Sri Lanka is on the path of renaissance and is re-emerging as a success story, with the expectation of support from the entire nation to carry it forward.

The President highlighted the progress made in the Sri Lankan economy, which had previously collapsed due to riots, arson, and state bankruptcy. In just eight months, the country has turned its fortunes around and is now known as the ‘Sri Lanka comeback story’.

The President also spoke about the International Monetary Fund agreement, which he presented to Parliament. He acknowledged that the country had failed to implement previous agreements with the International Monetary Fund, despite entering into 16 such agreements.

However, the President emphasized that there is no other active option for Sri Lanka but to sign an agreement with the International Monetary Fund at present.

President Ranil Wickremesinghe reassured the public that the restructuring of local debt would not harm members of the Employees’ Provident Fund.

Furthermore, he stated that a social safety net has been implemented to protect low-income people and create financial stability in the country.

With these measures in place, the President is optimistic about Sri Lanka’s future and urged the nation to work together towards a brighter future.

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Policeman shoots himself dead

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A police sergeant shot himself near the Kotawila Court complex, using his service firearm.

The deceased is a 52-year-old sergeant attached to the Kotawila Police Station.He had killed himself at the police post of the Kotawila Court Complex after returning to work from a prolonged sick leave.

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Political parties to be briefed on Regulation of Election Expenditure Act

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The Election Commission of Sri Lanka has decided to brief all political parties on the Regulation of Election Expenditure Act.

Chairman of the Commission – R. M. A. L. Ratnayake explained that the discussion will be held today (Feb. 27) and on March 06 as the upcoming elections will be the first to be held since the Act was passed.

According to the Regulation of Election Expenditure Act, all expenses incurred for the purpose of elections and campaigns must be limited, he noted.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Feb.26).

The decisions taken by the Cabinet of Ministers are as follows:

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