News

US and India welcome SL’s debt restructuring process

Published

10 months ago

June 27, 2024

editor

The US and India have welcomed Sri Lanka’s latest progress in the debt restructuring process.

Yesterday, Sri Lanka reached a final restructuring agreement for USD 5.8 billion of debt with its bilateral lenders’ Official Creditor Committee in Paris.

Sri Lanka also signed debt treatment agreements in Beijing with China Exim Bank to restructure USD 4.2 billion of debt.

Taking to X, US ambassador to Sri Lanka – Julie Chung has said, “We welcome the news of a final agreement on debt restructuring between Sri Lanka and creditor nations, reached today on the sidelines of the Paris Forum 2024. This is a positive step forward in Sri Lanka’s economic recovery and resilience, helping build more confidence in Sri Lanka’s fiscal environment. The U.S encourages Sri Lanka to continue the reform process, adopting transparent and sustainable changes that foster long-term prosperity and growth.”

In addition, On a X message, Randhir Jaiswal, official spokesman of the External Affairs Ministry of India, has also congratulated Sri Lanka on the progress and reiterated India’s commitment to Sri Lanka’s growth and prosperity.

“ is steadfast in its commitment to ’s growth and prosperity, demonstrated by the unprecedented assistance of USD 4 billion as well as the role played by as the co-chair of the OCC,” he has said.

We welcome the news of a final agreement on debt restructuring between Sri Lanka and creditor nations, reached today on the sidelines of the Paris Forum 2024. This is a positive step forward in Sri Lanka’s economic recovery and resilience, helping build more confidence in Sri…
— Ambassador Julie Chung (@USAmbSL) June 26, 2024

We congratulate the Government of Sri Lanka for the signing of the MoU between the Official Creditors Committee & 🇱🇰 on debt restructuring. This signifies the progress made by 🇱🇰 in its economic stabilisation & recovery.

🇮🇳 is steadfast in its commitment to 🇱🇰’s growth and… pic.twitter.com/lSx3KMbcQa
— Randhir Jaiswal (@MEAIndia) June 26, 2024

Sri Lanka finalizes debt restructuring agreement with official creditor committee

News

“Reports of Wijepala – Nissanka meeting, fake”

Published

11 hours ago

April 18, 2025

editor

The Public Security Ministry has denied media reports claiming that the Public Security minister – Ananda Wijepala had met Nissanka Senadhipathi.

The Minister’s media secretary had clarified this in a letter to Acting IGP Priyantha Weerasuriya.
Adding that the neither the Minister or a representative had ever met Senadhipathi as claimed, the letter calls for proper investigations into the fake news and legal action against those responsible.

News

Special allowance for policemen on duty at ‘Siri Dalada Vandanawa’

Published

15 hours ago

April 18, 2025

editor

A special transport allowance and a combined allowance will be provided to police personnel assigned to ensure the safety of devotees attending the exposition of the Sacred Tooth Relic (Siri Dalada Vandanawa) in Kandy, the police said.

The measure has been taken over the instructions of the Acting IGP, in consideration of the fact that these police personnel will be on continuous day and night duty for over 10 days, away from their regular stations and incurring additional personal expenses.

News

Ravi K’s Bill to repeal Online Safety Act, gazetted

Published

15 hours ago

April 18, 2025

editor

The Bill to repeal the Online Safety Act, No. 9 of 2024, and other regulations concerning the Act, has been gazetted.

The Online Safety Bill was passed by a majority vote in Parliament on Jan. 24, 2024.

The Bill that has been gazetted was submitted by opposition MP Ravi Karunanayake.

On Feb. 28, 2025, MP Karunanayake submitted a private member’s Bill to the Parliament Secretary-General, aiming to repeal the controversial Online Safety Act.