IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said on Saturday that it would release about $333m, bringing total funding to $1.3bn, …

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Sri Lanka turn focus to World Test Championship ahead of South Africa series

Sri Lanka head coach Sanath Jayasuriya explains the decision to play key Test personnel in the recently concluded white-ball matches against New Zealand. With a 2-0 series win in the ODIs against New Zealand, Sri Lanka continued their unbeaten march at home where the side has secured wins over India, New Zealand, and West Indies across formats in recent months. …

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Deputy Ministers Officially Sworn In

Newly appointed Deputy Ministers of the National People’s Power (NPP) government was sworn in today (21) before President Anura Kumara Dissanayake at the Presidential Secretariat.The list of Deputy Ministers is as follows: Secretary to the President Dr. Nandika Sanath Kumanayake was also present at the event.

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Sri Lanka kicks off Global Entrepreneurship Week 2024

The Information and Communication Technology Agency (ICTA) on Monday launched the Global Entrepreneurship Week (GEW) in Sri Lanka for the third consecutive year championing the importance of entrepreneurship  from 18 to 24 November. Themed “Entrepreneurship is for Everyone,” GEW 2024 in Sri Lanka aims to embody the inclusivity and creativity that entrepreneurship offers to the world by celebrating and empowering …

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New Secretary to the Prime Minister, Cabinet Secretary, and Secretaries for 16 Ministries Appointed

The appointment of the new Secretary to the Prime Minister, the Cabinet Secretary and Secretaries for 16 Ministries was held at the Presidential Secretariat today (19). The ceremony was officiated by the Secretary to the President, Dr. Nandika Sanath Kumanayake.  The list of appointees is as follows: Mr. G.P Saputhanthri Secretary to the Prime Minister Mr. W.D.M. J Fernando Secretary …

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President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program

The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief Peter Breuer and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat today (18), to discuss the next …

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Ministers Must Exercise Their Unlimited Power with Responsibility

– President Stated Following the Swearing-in of the New Cabinet President Anura Kumara Dissanayake emphasized that the immense power granted to the ministers must be wielded with responsibility. He acknowledged that while the victory is monumental, the weight of the responsibility that comes with it is equally important, and that collective effort is needed to carry it forward.These remarks were …

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