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Sri Lanka will have US$ 333 mn IMF financing after Third Review

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IMF Communication Department Director Julie Kozack yesterday said Sri Lanka will have access to about US$ 333 million in financing after the IMF Executive Board approves the Staff Level agreement on the Third Review of Sri Lanka’s EFF programme.

Kozack added that the IMF Executive Board meeting is expected to take place in the coming weeks.

She said that Sri Lanka staff and the Sri Lankan authorities reached a staff-level agreement on the Third Review of Sri Lanka’s EFF programme on November 23.

Speaking at a press conference held at IMF headquarters yesterday IMF Communication Director said that the economy of Sri Lanka has expended by 5.5 per cent in the third and four quarters of 2024.

“Sri Lanka’s ambitious reforms agenda is delivering commendable outcome and international reserves have increased to US$ 6 billion at the end of last year,” she said.

(dailynews.lk)

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

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Misuse of plantation funds and lands exposed in parliament

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Minister of Plantations and Community Infrastructure, Samantha Vidyarathna, addressed Parliament, alleging that numerous associates and officials, including former ministers, have recently received substantial sums of money and government lands under the pretext of various cultivation projects, which were subsequently not implemented. He announced that investigations will be initiated into these matters.

Minister Vidyarathna accused former Minister Salinda Dissanayake of acquiring 76 acres of fertile land from the Kurunegala Plantation Company through a company he personally established.

Additionally, he claimed that a friend of former Minister Arundika Fernando was allocated 21 acres of fertile land belonging to the same company, misrepresented as barren land, with the transaction allegedly authorized by former President Mahinda Rajapaksa.

The Minister further alleged that Anoma Gamage, wife of former Primary Industries Minister Daya Gamage, received 140 million rupees purportedly for an agricultural project, which was never executed.

These allegations were presented during the debate on the expenditure head of the Ministry of Plantations and Community Infrastructure.

He also stated that former Navy Commander Wasantha Karannagoda was granted 180 million rupees for a cultivation project, and that 82 million rupees were given to the son of former Ministry Secretary Bandula Wickramarachchi for a similar initiative.

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CAA Announces Price Ranges for 22 Essential Food Items

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The Consumer Affairs Authority has released the estimated price ranges for 22 essential food items. These prices will remain valid until the 16th.

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Ranil to make special statement on Batalanda report

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Former President Ranil Wickremesinghe is to make a special statement on the Batalanda Commission report.

Wickremesinghe’s office said he will reveal some matters with regard to the Commission report on Sunday (March 16).

The report was tabled in Parliament by Leader of the House Bimal Ratnayke earlier today (March 14).

Related News :

Batalanda report tabled in Parliament (Update)

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