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SL – China sign debt restructuring agreements

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Sri Lanka signed debt treatment Agreements in Beijing with China Exim Bank to restructure USD 4.2 billion of debt. 

The Framework Agreement related to this was signed between Sri Lanka and China.

This restructuring provides significant debt relief, allowing Sri Lanka to allocate more funds to essential public services & resume concessional financing for critical infrastructure development, the President’s Media Division states.

Sri Lanka reached a final agreement with China’s Exim Bank on debt restructuring today (26) in Beijing.

Sri Lankan Ambassador to China – Majintha Jayesinghe had signed the agreements at the Embassy of Sri Lanka in Beijing.

In addition, Chinese ambassador – Qi Zhenhong and Deputy Secretary to the Treasury – Ananda Kithsiri Seneviratne had signed the agreement at the Chinese Embassy in Colombo.

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360 out of 400 corruption case files presented by AKD, empty – Ranil

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President Ranil Wickramasinghe has reportedly said that the portrayal of around 400 corruption case files portrayed by National People’s Power leader – Anura Kumara Dissanayake, is merely a ruse.

A news report on the ‘Monara’ newspaper has further said :

Speaking at a recent meeting with a group of lawyers, the President had said that although AKD had portrayed 400 cases, 360 of them were empty.

Noting that cases have been filed with regard to only 40 case files, the President had pointed out that it would have been more apt to portray those 40 casefiles.The President had further commented that he is ready to implement the Anti-Corruption Act and that he is proposing a mechanism to do so.

(Source – Monara)

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UNESCO DG arrives in Colombo

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A delegation led by Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO), Audrey Azoulay, arrived in Sri Lanka today (July 16).

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NEC authorized to announce Prez polls after midnight today

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The Election Commission will receive the authority to announce the date of the presidential election after midnight tonight.

According to the Chairman of the election commission R.M.A.L. Ratnayake, the date will be revealed before the end of this month.

A special news conference will also be held this morning under his chairmanship.

Meanwhile, officials from the Ministry of Finance have been summoned to the Election Commission tomorrow.

Chairman of the election commission said that matters such as obtaining funds for the presidential election and other related matters will be discussed with these officials.

He further announced that future activities related to the presidential election are already taking place.

The Ministry of Finance previously announced that Rs. 10 billion had been allocated for the presidential election.

A senior spokesperson of the finance ministry confirmed that funds could be released whenever necessary for election expenses.

(News1st)

(Except for the headline, this story, originally published by News1st has not been edited by SLM staff)

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