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Reform program for SL prioritizes 5 key pillars – IMF

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The IMF said that its reform program supported under the EFF arrangement for Sri Lanka is built on strong policy measures and prioritizes five key pillars.

1. An ambitious revenue-based fiscal consolidation,which is accompanied by stronger social safety nets, fiscal institutional reforms, and cost recovery-based energy pricing to ensure the state’s ability to support all its essential expenditures.

2. Restoration of public debt sustainability including through a debt restructuring to ensure stable financing of the government’s operations.

3. A multi-pronged strategy to restore price stability and rebuild reserves under greater exchange rate flexibility to alleviate the burden of inflation, particularly on the poor, to foster an environment of investment and growth, and to ensure Sri Lanka’s ability to purchase essential goods from abroad.

4. Policies to safeguard financial sector stability, to ensure that the financial sector can play its key role in supporting economic growth.

5. Structural reforms to address corruption vulnerabilities and enhance growth.

Krishna Srinivasan, Director of Asia and Pacific Department, IMF said on Monday (15) that Anti-corruption and governance reforms are imperative to ensure the hard-won gains from the reforms benefit the Sri Lankan people. 

“Sri Lanka is the first country in Asia that has undergone the IMF governance diagnostic exercise. The IMF governance diagnostic report is expected to be published by September this year—the mission visited Colombo in March and engaged closely with stakeholders and civil society organizations on this critical reform area. We look forward to further discussion with them,” he added.

Commendably, Sri Lanka has already started implementing many of the challenging policy actions in these five areas. It is now essential to continue the reform momentum under strong ownership by the authorities and the Sri Lankan people, more broadly, said Krishna Srinivasan, Director of Asia and Pacific Department, IMF.

He noted that the IMF supported program is an opportunity for all Sri Lankans to come together to work through this crisis to restore economic stability and put the country on a sustainable growth path.

“The key is implementation. The IMF is here to help you along the way.” he added.

(newsfirst.lk)

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Proposals to reduce school grades from 13 to 12

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The Ministry of Education disclosing the proposed new educational reforms stated that it is intended to reduce school grades from 13 to 12.

This was disclosed on 01.12.2023 at the time of presenting the progress of the year 2023 and plans for the year 2024 for the budget of the Ministry of Education by Dr. Susil Premajayantha for the Ministers and Members of Parliament.

Accordingly, the educational authorities stated that through the proposed new education reforms, every child will be given the opportunity to finish school in 17 years. Accordingly, pre-school education is classified as 4 years old, primary section 1-5, junior section 6-8 and senior section 9 to 12.

Simplify Grade 5 scholarship

While it has been proposed to give a certain percentage of marks from school-based evaluations and a certain percentage from exams for the Grade 5 scholarship exam, the Ministry of Education has also proposed to simplify the Grade 5 scholarship exam and eliminate competition.

O/Ls in Grade 10, A/Ls in Grade 12

Furthermore, through the proposed new education reforms, the Ministry of Education has proposed to conduct the Ordinary Level examination in Grade 10 and the Advanced Level examination is scheduled for grade 12. It has also been decided to reduce the number of subjects for O/L’s from 9 to 7. Officials representing the Ministry of Education stated that among those 7 subjects, it has been proposed to make it mandatory to study three new subjects; Information and Communication Technology (ICT), technical and professional skills and religious and values.

The officials of the Ministry of Education, who pointed out that more than eighty thousand (80,000) students fail in the ordinary level examination in a year, have suggested that no child will fail through the new education reforms and that all children who passed the ordinary level examination should be given the opportunity to study vocational training courses.

For that, A-level subjects have been classified into two categories as academic education and vocational education and a path has been prepared for every child to obtain a degree. The Ministry of Education also pointed out that two new subjects have been added under academic studies by increasing the current subjects from 6 to 8. Furthermore, the officials of the Ministry stated that the children will receive the opportunity to obtain education through 10 subject areas under practical studies and through that, the children will get the opportunity to obtain degrees by going through vocational fields.

The Ministry pointed out that administrative restructuring is also taking place in the education service. The number of existing educational zones will increase from 100 to 122 and the total number of ten thousand one hundred and twenty-six (10,126) schools will be classified as cluster schools of one thousand two hundred and twenty (1220). All the existing national schools will be a flagship school in a cluster of schools as flagship schools at the provincial level.

Officials of the Ministry said that 517.05 billion rupees have been allocated for the Ministry of Education in this year’s budget for the year 2024. Of this, two thousand million rupees have been allocated for providing school textbooks, six million rupees for school uniforms, and two thousand five hundred million rupees for providing school shoes to seven hundred twenty-eight thousand four hundred and eighty (728,480) children. About 1.07 million school children are currently being given lunch and the same number is ready to be given to 1.5 million children in the year 2024, the Ministry of Education officials said.

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Upul Tharanga to chair cricket selection committee

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Sports Minister Harin Fernando today (04) announced that Upul Tharanga will replace Pramodya Wickramasinghe as Chairman of the Cricket Selection Committee.

The minister added that 10 names have already been recommended as selectors and that a new selection committee would be appointed soon.

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SLC complains to CIABOC over ex-sports minister

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Sri Lanka Cricket (SLC) says that they have formally lodged a complaint with the Commission to Investigate Allegations of Bribery or Corruption in Sri Lanka against Mr. Roshan Ranasinghe MP over the alleged misuse of funds provided by SLC to the National Sports Fund for the development of various other sports in Sri Lanka.

A statement issued by the SLC states :

The decision to file this complaint stems from the concern that Mr. Roshan Ranasinghe MP has not appropriately disclosed the utilization of funds allocated by SLC for the intended purposes.

This move comes in the wake of a discernible disparity between the information disclosed to the media by Mr. Ranasinghe MP and the response received by SLC under a Right to Information (RTI) application, outlining the specifics of the expenditures made.

SLC wishes to emphasize the importance of maintaining the integrity of financial transactions and ensuring that funds are utilized for their designated purposes and the said formal complaint filed with the Bribery Commission underscores SLC’s dedication to upholding the highest standards of governance and ethics within the realm of sports administration.

SLC trusts that the Bribery Commission will conduct a thorough investigation into the matter to ascertain the facts and take appropriate action as necessary and Sri Lanka Cricket will continue to collaborate with relevant authorities to ensure a fair and just resolution to this issue, as part of its ongoing commitment to the promotion and advancement of sports in Sri Lanka.

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