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SL & India sign USD 930.8 Mn. debt restructuring deal

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Sri Lanka and India have signed a USD 930.8 million debt restructuring deal recently on Sri Lanka’s present External Debt Restructuring Process. 

The signing of Bilateral Amendatory Agreements between the Government of Sri Lanka and the Export-Import Bank (EXIM) of India took place on March 25, 2025 and April 03, 2025, respectively. 

The deal concerns 07 Line of Credit and 04 Buyer’s Credit Facility agreements with the Government of India.

Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Sri Lankan Government.

General Manager of the EXIM Bank of India, Mr.Nirmit Ved, signed the Line of Credits, and Deputy General Manager of the EXIM Bank of India, Mr. Amith Kumar, signed the Buyer’s Credit Agreements.

Issuing a statement, the Ministry of Finance, Planning and Economic Development stated that the signing of these bilateral amendatory agreements marks a significant milestone in Sri Lanka’s ongoing External Debt Restructuring Process.

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Kahawatte OIC transferred

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The Officer-in-Charge (OIC) of the Kahawatte Police has been transferred to the Jaffna Police Division to facilitate the investigation into the youth who was shot dead on June 30 in Kahawatte, Police said.

A 22-year-old youth died while another was critically injured in a shooting incident in the Yainna area of Kahawatte.

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List of families eligible for ‘Aswesuma’ Phase 2, released

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The list of eligible families selected for the second phase of the ‘Aswesuma’ welfare benefit allowance has been officially released.

The list has been displayed on the notice boards of all Divisional Secretariat offices and Grama Niladhari officers as well as in the offices of the relevant field officers in charge of the subject. It has also been published on the official website of the Welfare Benefits Board, (www.wbb.gov.lk).

Furthermore, applicants who believe there is an error or any changes in the information provided during the second stage of data collection, and whose names are not included in the list of eligible candidates, have the opportunity to submit an appeal.

Additionally, individuals who submitted initial applications for ‘Aswesuma’ Phase 2 but were not visited by a government field officer for housing data collection are also eligible to appeal.

Before filing an appeal, all applicants are advised to review the information recorded about their households in the IWMS database during the housing data collection process.

Appeals and objections can be submitted through the official website by accessing the Appeals and Objections section. For further assistance, applicants are also advised to visit their nearest ‘Vidatha’ Resource Centre when submitting appeals and objections online.

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CoI on Deshabandu concludes examining evidence by both parties

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The examination of evidence by both the Respondent and the Prosecution before the Committee of Inquiry concluded.

The Committee recommends that both parties submit their written submissions to the Committee of Inquiry before 3:30 p.m. on the 8th of July.

Examining evidence before the Committee of Inquiry to inquire and report its findings on IGP T.M.W. Deshabandu Tennakoon in respect of acts of gross abuse of power, concluded yesterday (July 01), with the presentation of evidence by both the Respondent, representing Inspector General of Police Deshabandu Tennakoon and the Prosecution.

The Committee of Inquiry, chaired by Supreme Court Judge P.P. Surasena and comprising Justice W.M.N.P. Iddawala and E.W.M. Lalith Ekanayake, Chairman, National Police Commission, convened today, during which, testimonies were obtained from two additional witnesses by the Prosecution.

These two witnesses had been overseas on official duty. Thus, in accordance with the prior agreement between the two parties, reached to obtain the evidence post June 26, held before the Committee of Inquiry with the participation of Additional Solicitor General (President’s Counsel) Dileepa Peiris and 

Deputy Solicitor General Rajitha Perera, representing the Attorney General’s Department, and R.S. Weerawickrama Attorney-at-Law, appearing on behalf of the Inspector General of Police, it was decided to record the statements of these two witnesses today.Furthermore, both the Prosecution in representation of the Attorney General’s Department and the Respondent Inspector General of Police agreed to submit their respective written submissions to the Committee of Inquiry before 3:30 p.m. on July 08, 2025.

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