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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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Health professionals’ strikes conducted regardless of salary hike, unacceptable – President

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President Anura Kumara Disanayake stated that the trade union actions by healthcare professionals cannot be justified, considering that the largest salary increase in history granted by a government without any demands or pressure from professional associations has already been implemented.

The President made these remarks during a meeting held today (19) at the Presidential Secretariat with the Public Services United Nurses Union (PSUNU).

President Anura Kumara Disanayake highlighted that despite operating within a constrained economic framework, the government has prioritized increasing the basic salaries of public sector employees in this year’s budget. This initiative aims to enhance the efficiency of the public service, attract skilled professionals, and ensure the sustainability of the sector.

The President stated that salaries have been increased under six key categories in the budget. These include a minimum increase of Rs. 15,000 in the basic salary, an increment in overtime and holiday allowances, an 80% increase in salary increments, an upward revision of pension benefits in line with the revised total salary, and an increase in the taxable income threshold.

Officials from the PSUNU expressed their appreciation for the salary increments, highlighting that they have been well received by a significant portion of the public sector workforce. They also brought to the President’s attention the existing challenges within the nursing profession and requested prompt solutions to address these issues.

The meeting was attended by the Chancellor of the University of Colombo, Chief Sanganayaka of Western Province, the Chairman of PSUNU Most Ven. Muruththettuwe Ananda Thera, Minister of Health and Mass Media Dr. Nalinda Jayatissa, Secretary to the President Dr. Nandika Sanath Kumanayake along with several officials from the PSUNU.

(President’s Media Division)

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German national to contest in Sri Lanka’s LG polls

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Maria Benanza, a German national who recently acquired Sri Lankan citizenship, has deposited her nomination to contest as an independent candidate in the 2025 Local Government elections.

She will be running for a seat in the Galewela Pradeshiya Sabha and has expressed her intention to contest as a means of contributing to positive change in Sri Lanka.

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Beer truck overturns on Colombo-Ratnapura road

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A traffic congestion is reported after a container truck transporting beer bottles, had overturned on the Colombo-Ratnapura road.

The incident had taken place in the Meennana area in Eheliyagoda, reports say.

The container truck had reportedly toppled while taking a bend. A large number of beer bottles have shattered on the road, reports add.

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