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SL to remain as a middle-income country – PMD

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The government stated that Sri Lanka will remain a middle-income country.

Sri Lanka no longer qualifies for International Bank for Reconstruction and Development (IBRD) loans due to a downgrade of the country’s credit rating.

Therefore, the Cabinet approved a proposal yesterday (10) to request the World Bank to grant the country eligibility to obtain loans offered by the International Development Association (IDA).

This is with the aim of obtaining concessionary funding from the International Development Association (IDA) – an arm of the World Bank that helps the world’s vulnerable countries. This facility is called “Gap”.

Twelve countries including Indonesia have availed themselves of this facility when they were facing an economic downturn similar to Sri Lanka. The Government is pursuing a “reverse graduation” policy for a limited period of time.

Earlier today (11), Cabinet Spokesman Bandula Gunawardena said that the Cabinet has granted approval to the proposal to downgrade Sri Lanka’s status from Middle Income Country to a Low Income Country to facilitate future loans following the information provided by world organizations.

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Being downgraded as low-income country isn’t dishonorable – Minister

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Heavy rain expected again

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The Meteorology Department says showery conditions are expected to enhance in the southwestern part of the island from June 10th, with strong gusty winds expected over the island and in the sea areas around the island.

Several spells of showers will occur in Western, Sabaragamuwa and North-western provinces and in Kandy, Nuwara-Eliya, Galle and Matara districts today (June 07).

Showers or thundershowers may occur at a few places in the Northern and Uva provinces and in Ampara and Batticaloa districts during the afternoon or night.

Fairly strong winds of about 30-40 kmph can be expected at times over Western slopes of the central hills and in Northern, North-central, North-western and Southern provinces and in Trincomalee district.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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National Poson Week begins

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The National Poson Festival is being held centered around the sacred cities of Anuradhapura, Mihintale, and Thanthirimale.

The National Poson Week begins today (June 07) and will continue until June 13.

Anuradhapura District Secretary K.P. Ranjith Wimalasooriya said that all necessary arrangements have been made for the convenience of devotees arriving for the National Poson Festival.

Meanwhile, a special mobile app created will provide necessary facilities to devotees during the Poson season while providing information on parking facilities, ‘Dansel’ locations, first aid centers, as well as areas prone to traffic.

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Muslims in Sri Lanka celebrating Hajj festival today

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Muslims in Sri Lanka are celebrating the Hajj festival today.

The festival commemorates the sacrifice of Prophet Ibrahim’s (Abraham) son as an act of respect to the divine.

Eid al-Adha, the second most significant festival for Muslims globally, coincides with the annual Hajj pilgrimage to Makkah in Saudi Arabia.

Hajj is a mandatory religious duty for Muslims and one of the five pillars of Islam. It must be performed at least once in a lifetime by every Muslim who is physically and financially capable of undertaking the journey to the holy city of Makkah.

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