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US and India welcome SL’s debt restructuring process

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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.

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Prasanna urges Ranil to declare candidacy promptly

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During a spirited rally in Kadawatha today, Minister Prasanna Ranatunga passionately urged President Ranil Wickremesinghe to promptly announce his candidacy for the presidency within the upcoming week.

“The people of Gampaha eagerly await your decision. Please do not delay any further in declaring your intention to contest,” Minister Ranatunga urged with conviction.

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Harin awards Rs. 1M to Olympic athletes

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Minister of Sports and Youth Affairs Harin Fernando has awarded financial sponsorship cheques of Rs. 1 million each to six athletes participating in the 2024 Paris Olympic Games. 

Additionally, prize money totaling Rs. 1280 lakh was distributed to athletes and coaches who secured medals and top-eight positions in the last Asian and Paralympic Games in Hangzhou, China.

Young sprinter Tharushi was among the highly rewarded, receiving Rs. 15 million for her Asian Games gold medal along with another Rs. 2.5 million for her relay medal.

Minister Fernando emphasized the significance of encouraging athletes even amidst the country’s financial crisis. 

He expressed his commitment to promoting sports and highlighted the importance of discipline in representing Sri Lanka. He urged athletes to dedicate themselves to achieving victory, meeting the high expectations of the nation.

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Former INSSSL Director General Asanka Abeygunasekara arrested

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The former Director General of the Institute of National Security Studies of Sri Lanka (INSSSL) Asanka Abeygunasekara has been arrested by police.

Abeygunasekara, against whom there was a pending open warrant over a case filed by the Inland Revenue Department (IRD), was arrested at the Bandaranaike International Airport (BIA) in Katunayake this morning (21), police said.

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