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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 showers expected today

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The Department of Meteorology says that the Intertropical Convergence Zone (the zone where winds from the Northern Hemisphere and Southern Hemisphere converge) is affecting the island’s weather.

Accordingly, showers or thundershowers will occur at times in Western, North-western and Sabaragamuwa provinces and in Galle and Matara districts today (April 25).

Showers or thundershowers will occur elsewhere on the island after 1.00 p.m.

Fairly heavy falls above 75 mm are likely at some places in Western, Sabaragamuwa, Central, and Uva provinces and in Puttalam, Batticaloa and Ampara districts.

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

Misty conditions can be expected at some places in Central, Sabaragamuwa and Uva provinces and in Ampara district during the morning.

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President offers condolences at Vatican Embassy (Pics)

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President Anura Kumara Disanayake paid a visit to the Vatican Embassy this afternoon (24) to extend his condolences on the passing of His Holiness Pope Francis.

Upon his arrival, the President was warmly received by Most Reverend Archbishop Brian N. Udaigwe, the Apostolic Nuncio of the Vatican to Sri Lanka.

Following a brief discussion with Archbishop Udaigwe, President Disanayake signed the book of condolence, conveying, on behalf of the Government and the people of Sri Lanka, heartfelt sympathies to the global Christian community on the demise of His Holiness Pope Francis.

(President’s Media Division)

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Schools islandwide to close for LG polls

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The Ministry of Education has announced that all schools across the country will be closed on May 05 and 06 due to the Local Government elections. 

The Ministry further stated that schools will resume normal operations on May 07.

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