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.
The National Transport Commission (NTC) has said that an investigation into the recent incident where a student fell from the footboard of a ‘Sisu Sariya’ school bus, has revealed that the accident had resulted from the careless and negligent behaviour of both the driver and the conductor.
Issuing a statement, the NTC noted that, based on the preliminary findings, the Road Passenger Transport Authority of the North Western Province has taken steps to temporarily suspend the services of the driver and conductor involved.
Minister of Agriculture, Livestock, Land and Irrigation – K.D. Lal Kantha has announced that the government has decided to import 300,000 MT of maize.
Speaking to the media after attending a District Development Committee meeting at the Kandy District Secretariat yesterday (July 03), the Minister explained that this decision was taken to prevent traders from artificially inflating maize prices.
He stated that certain large and medium-scale businesses dealing with animal feed have been hoarding maize, buying it from farmers at fair prices and reselling it at much higher rates.
According to the Minister, these traders were trying to push maize prices up to Rs.190-200 per kilogram, which would have driven up the cost of eggs to Rs.200 each and increased meat prices significantly.
The Minister emphasized that while businesses are entitled to make a profit, the government will not allow unfair price manipulation. He also noted that, in the past, even ministers profited from animal products, but those days have ended and racketeers will not be allowed to control the market.
To prevent excessive price drops that could hurt farmers, the Food Security Committee has proposed imposing a tax on imported maize, he said.