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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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SL squad named for ODI series against Bangladesh

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The Sri Lanka Cricket Selection Committee has selected the following 16-member Sri Lanka squad to play in the upcoming ODI series vs. Bangladesh. 

The ODI series will be played on the 2nd, 5th, and 8th of July. 

The first two ODIs will be played at the RPICS, Colombo, before the series moves to the PICs, Pallekele, for the final game.

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Man sentenced to 60 years for abusing brother’s preschool daughter

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The Colombo High Court Judge, R.S.S Sapuwidana sentenced a 68 year old man to 60 years of rigorous imprisonment after finding him guilty of sexually abusing his own brother’s preschool daughter over a period of more than two months.

The High Court Judge imposed an additional fine of Rs. 30,000 on the accused and also ordered him to pay Rs. 1 million in compensation to the victim.

The judge emphasised the inhumanity and cruelty of the crime, saying, “This is not merely an offense against a child but an act that shocks the conscience of humanity.”

Evidence revealed that the child, too young to fully understand what was happening, had once told her mother, “Amma, don’t let that ‘holman bappa’ come to our house again,” a statement later confirmed through witness testimony.

The prosecution revealed that the accused had entered the child’s home and also lured the child to his own residence during times when no one was present and committed the offense. Thereafter, he had threatened the child, warning her not to disclose the incident to anyone and that if she did, it would happen again. As a result of this intimidation, the child had been subjected to repeated abuse over a period of time.

Considering all the evidence, the High Court Judge held that the prosecution had proved the case beyond reasonable doubts.

(dailymirror.lk)

(This story, originally published by dailymirror.lk has not been edited by SLM staff)

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2 ex-heads of govt. institutions, arrested

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The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has arrested two former Chairmen on corruption charges.

Former Chairman of the Fisheries Corporation – Upali Liyanage and former SriLankan Airlines Chairman – Nishantha Wickremesinghe have been arrested in this manner.

However, Liyanage, who was produced before Colombo Chief Magistrate Thanuja Lakmali Jayathunga, was released on three sureties amounting to Rs. 5 million.

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