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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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Internal disputes delay LG member lists

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Due to various issues that have arisen within many political parties during the selection of members for LG bodies, submission of name lists to the Election Commission (EC) are being delayed, reports say.

As a result, the establishment of LG bodies is expected to be delayed further.

In this backdrop, the EC has instructed all political parties and independent groups to submit their name lists within a week.

The gazette on the newly appointed members will follow only after the EC receives all lists.

(Source : Lankadeepa)

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Ministry cancels Br. Charles’ program at Padeniya temple

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The Ministry of Buddhasasana, Religious and Cultural Affairs has issued a letter over a program organized by Br. Charles Thomas.

The relevant program is scheduled to be held today (May 17) at the historic Padeniya temple and is allegedly scheduled to be held in a manner that is harmful to Buddhism.

The letter notes that the Deputy Minister has taken steps to cancel the program following complaints from various parties, citing strong displeasure expressed by the local Buddhist community.

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Applications open for A/L Vocational stream

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The Ministry of Education, Higher Education and Vocational Education has announced that applications are now open for admissions for Grade 12 students for the Advanced Level (A/L) Vocational stream subjects.

According to the Ministry, the vocational stream will be offered in 608 schools starting this year.

The Ministry further clarified that students who have not passed the GCE Ordinary Level (O/L) examination will still be eligible to apply, as O/L results will not be a determining factor for admission to this stream.

For this, students need to submit an application to the principal of the school they wish to enroll in.

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