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USAID-funded SLEP wins at 2024 SID-US annual conference

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The U.S. Embassy announces that Sri Lanka’s USAID-funded Sri Lanka Energy Project (SLEP) has received top honors at the 2024 annual conference for the Society for International Development, the premier U.S. event for international development professionals.

The award was given in recognition of the innovative solar-powered electric vehicle battery swapping stations owned and operated by Sri Lanka’s Sling Mobility (Pvt.) Ltd., particularly highlighting the station located at the Center for Women’s Research in Colombo, which generates income to support the center’s activities.

In a ceremony held June 13 at the Center for Women’s Research, U.S. Ambassador Julie Chung and Minister of Power and Energy Kanchana Wijesekera presented the Innovation Competition Award to representatives from SLEP and Sling Mobility. “It is inspiring to see this international honor come to Sri Lanka, especially since this is such a great example of innovation, renewable energy, private sector development, and women’s empowerment,” Ambassador Chung said, noting the project’s solar-powered battery swapping station at the women’s center contributes to the center’s income and supports sustainable urban mobility. “The United States is committed to our partnership with Sri Lanka to develop solutions that secure the country’s energy future, drive economic development, and lift all segments of society.”

This year’s conference “World in Crisis: Sparks of Hope” saw over 1,500 in-person and virtual attendees voting for innovative approaches to sustainable development. The USAID-supported SLING “360° Sustainable Mobility” project emerged as a standout, providing cost-effective and efficient solutions to the retail logistics sector through a smart electric vehicle ecosystem. This initiative significantly reduces the high initial costs of buying batteries and e-bikes by offering a battery subscription service. Collaborating with Uber for food delivery services, Sling Mobility has demonstrated the model’s effectiveness in reducing downtime for riders, thus saving both money and time.     

“SLING Mobility’s collaboration with USAID marks a significant step towards a sustainable and green future for urban mobility in Sri Lanka,” said Sling Chief Executive Officer Love Yadav. “The “360° Sustainable Mobility” solar powered battery swapping project is not just a technological innovation but a testament to the transformative power of partnerships driving positive change and has a potential of sustained innovation in the energy sector beyond electric mobility.”

Additionally, USAID SLEP’s assistance also focuses on economically disadvantaged and marginalized populations, promoting their involvement in the retail logistics sector through electric vehicle use. In its first phase, the initiative trained 18 drivers, assisted 10 individuals in obtaining driver’s licenses, and conducted four outreach activities reaching over 100 participants.

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IMF grants waivers despite obligation breach & erred reporting

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The Executive Board of the International Monetary Fund (IMF) reviewed non complying purchases made by Sri Lanka under the 2023 Extended Arrangement under the Extended Fund Facility (EFF) as well as inaccuracies of information reported to the IMF.

However, the IMF has decided to grant waivers and not pursue further action, citing corrective measures and a commitment to reform by Sri Lankan authorities.

Following the Executive Board’s discussion, Deputy Managing Director and Acting Chair – Mr. Kenji Okamura, has issued the following statement:

“The Executive Board of the International Monetary Fund (IMF) reviewed non complying purchases made by Sri Lanka under the 2023 Extended Arrangement under the Extended Fund Facility (“EFF”), as well as a breach of obligations under Article VIII, Section 5. The noncomplying purchases arose as a result of the provision of inaccurate information by the authorities on the stock of expenditure arrears at the first, second, and third reviews under the EFF.

“The inaccuracies in information provided to the IMF were inadvertent and arose because of weaknesses in the timely reporting of arrears by line ministries to the Ministry of Finance, as well as a misunderstanding by the authorities of the definition of “arrears” under the Technical Memorandum of Understanding. 

“The Executive Board positively considered the authorities’ corrective actions, the fact that arrears repayments will be accommodated within the existing fiscal envelope, and the authorities’ commitment to improving public financial management procedures in line with the new PFM law, to reduce the risk of accruing arrears or inaccurate reporting of information going forward. In view of the above, the Executive Board agreed to grant waivers for the nonobservances of the quantitative performance criterion that gave rise to the noncomplying purchases and decided not to require further action in connection with the breach of obligations under Article VIII, Section 5.”

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Abdul Wazeeth appointed to Parliament from SLMC national list

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Abdul Wazeeth of the Sri Lanka Muslim Congress (SLMC) has been appointed as a Member of Parliament, the National Election Commission has announced.

His appointment comes following the resignation of former MP M. S. Naleem, who had entered Parliament through the SLMC National List after the 2024 parliamentary election.

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Tense situation in Kahawatta as residents clash with police

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Police had been compelled to use tear gas to control a tense situation that erupted between residents and police in Kahawatta following the funeral of a youth who was shot dead recently.

The funeral was held today (July 03) and the clash had broken out shortly afterwards.

Residents had expressed anger over the handling of the and had hurled stones at the police, reports say.

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