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SL signs key debt restructuring agreements with Japan

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The signing ceremony of the Exchange of Notes between the Government of Sri Lanka and the Government of Japan and the Amendment Agreements between Sri Lanka and Japan International Cooperation Agency (JICA) under the debt restructuring process was held at the Ministry of Finance premises this afternoon (March 07).

The Exchange of Notes was signed by Secretary of the Ministry of Finance, Planning, and Economic Development Mahinda Siriwardana on behalf of the Government of Sri Lanka and Ambassador of Japan to Sri Lanka Akio Isomata on behalf of the Government of Japan.

A further bilateral Amendment Agreement was signed by Secretary of the Ministry of Finance Mahinda Siriwardana on behalf of the Government of Sri Lanka and Tetsuya Yamada, Chief Representative on behalf of JICA.

Issuing a statement following the ceremony, Sri Lanka’s Department of External Resources said that the signing of the bilateral Amendment Agreement with the JICA and the Exchange of Notes with the Government of Japan in relation to the External Debt Restructuring Process, is a significant milestone of the External Debt Restructuring Process and testament to Sri Lanka’s commitment to conclude the restructuring process as soon as possible to restore debt sustainability and thereby revamp Sri Lanka’s economy.

“The Government of Japan has played a pivotal role in spearheading Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee alongside France and India. Its leadership, commitment, and constructive engagement have been instrumental in helping Sri Lanka navigate the challenges of economic recovery. This spirit of cooperation has enabled the Government of Sri Lanka to make meaningful progress toward restoring debt sustainability”, the statement added.

Furthermore, the External Resources Department noted that the conclusion of the Exchange of Notes and signing of the Amendment Agreement will certainly pave the way to developing further the deep and long standing bilateral relationships between the Government of Japan and the Government of Sri Lanka.

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CID arrests 4 Sabaragamuwa Uni. students over ragging-linked death

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Four third-year students of Sabaragamuwa University have been arrested by the Criminal Investigation Department (CID), police said.

The arrests have been made for further investigations into the recent death of a student, allegedly due to a ragging incident.

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LG election candidate shot in Kalutara

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A candidate contesting the upcoming local government election was injured in a shooting incident in Kalutara, police said.

The victim has been admitted to Nagoda Hospital. His condition is reported to be non-life-threatening.

Police investigations are underway to arrest the suspects.

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Xi to visit Russia for Victory Day and talks with Putin

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Chinese President Xi Jinping will make an official visit to Russia from May 7-10 to participate in celebrations of the 80th anniversary of the defeat of Nazi Germany, the Kremlin said on Sunday.

In a statement on Telegram, the Kremlin said that Xi will discuss with Russian President Vladimir Putin the development of the two countries’ strategic partnership, as well as signing a number of documents.

“During the talks, the main issues of further development of relations of comprehensive partnership and strategic interaction, as well as current issues on the international and regional agenda will be discussed,” the Kremlin said.

The Soviet Union lost 27 million people in World War Two but pushed Nazi forces back to Berlin, where Hitler committed suicide and the red Soviet Victory Banner was raised over the Reichstag in 1945.

Several other national leaders are expected at the celebrations, including the presidents of Brazil and Serbia, and the prime minister of Slovakia.

Putin has proposed a three day ceasefire with Ukraine around the May 9 celebration, one of the most important in the Russian calendar.

Responding to Moscow’s offer of the three-day ceasefire, Ukrainian President Volodymyr Zelenskiy said he was ready as long as the ceasefire would be 30 days in length, something Putin had already ruled out in the near term, saying he wants a long-term settlement not a brief pause.

Zelenskiy said Ukraine, given the continued war with Russia, could not guarantee the safety of any foreign dignitaries who came to Moscow for the traditional May 9 victory parade.

Zelenskiy has in recent weeks upped criticism of China, which he has said is providing weapons and gunpowder to Russia.

Russian state news agency RIA cited Putin, in a documentary film marking 25 years since his first inauguration as Russian president aired on Sunday, as saying that Russia’s relations with China were: “truly strategic in nature, deep-seated”.

(Reuters) 

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