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USD 500mn from World Bank to Sri Lanka

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An agreement is to be reached between Sri Lanka and the World Bank to procure necessary funds for the National Budget.

Under the agreement, Sri Lanka will receive USD 500 million from the World Bank, and the Cabinet has approved the receipt of the funds.

This is the largest financial support the country is receiving since the Extended Fund Facility of USD 2.9 million agreed to be released to Sri Lanka by the International Monetary Fund (IMF) in March.

Last week, the international media reported that the World Bank has approved to release USD 700 million to Sri Lanka.

Accordingly, it is expected that the remaining USD 200 million will be given to the social security programme.

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Senior State Counsel Shaveendra Wickrama interdicted for disobeying orders

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The Attorney General’s Department has interdicted Senior State Counsel (SSC) Shaveendra Wickrama.

SSC Wickrama was interdicted on charges of disobeying the orders of his superiors. The officer has more than 20 years of service at the AG’s Department.

The Sunday Times understands that the Public Service Commission has approved the interdiction of the officer.

SSC Wickrama has also lodged two complaints regarding several matters with the Commission to Investigate Allegations of Bribery or Corruption and the Keselwatta Police.

The AG’s Department is due to hold an inquiry on SSC Wickrama regarding the charges against him.

(Sunday Times) 

Except for the headline, this story, originally published by Sunday Times has not been edited by SLM staff

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Complete 3rd phase of Central Expressway by 2026 end – Vijitha

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Minister of Transport, Highways, Ports and Civil Aviation – Vijitha Herath has urged to complete work of the 3rd phase of the Central Expressway by Dec. 31, 2026.

The 3rd phase spans from Pothuhera to Rambukkana.

The minister had said this after inspecting work at the section today (Nov. 09).

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Govt refutes claims of shutting down ‘Thriposha’ company

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The government has refuted reports claiming that Sri Lanka Thriposha Limited (SLTL) is to be closed down.

Issuing a statement, the Ministry of Finance has said no action has been taken or will be taken to liquidate the Thriposha Company.

The statement further notes that the Triposha programme to provide nutrition supplements to children and pregnant mothers will continue forward in a more effective manner.

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