Will what happened in Kenya, happen in Sri Lanka
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Will what happened in Kenya, happen in Sri Lanka

Harsha Gunasena Ahilan Kadirgamar (hereinafter referred to as AK), whose colourful academic credentials i.e., bachelor’s degree in electrical engineering, master’s in economics and a doctorate in anthropology would impress anyone,  has written an article titled “Kenya to Sri Lanka: Protests, IMF and High Ambition” to the Daily Mirror published on July 1, 2024 (https://www.dailymirror.lk/opinion/Kenya-to-Sri-Lanka-Protests-IMF-and-high-ambition/172-286106). I…

Second Phase of “Aswesuma” Welfare Benefit Program to Collect Data from July 15
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Second Phase of “Aswesuma” Welfare Benefit Program to Collect Data from July 15

The second phase of the “Aswesuma” welfare benefit program will begin data collection from July 15 to 30, as announced by the Welfare Benefits Board. Following the successful qualification of over 1.8 million individuals in the first phase, an additional 450,924 applications have been received for the second phase. The identification process to determine eligible…

Electronic Ticketing System for Public Transport Set to Launch by Year’s End- Ministry Secretary
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Electronic Ticketing System for Public Transport Set to Launch by Year’s End- Ministry Secretary

Secretary to the Ministry of Transport and Highways Eng. Ranjith Ganganath Rubasinghe announced that an electronic ticketing system for public transport services, including trains, will be introduced by the end of this year. Addressing the press briefing titled “Two Years of Progress and Advancement” held at the Presidential Media Centre yesterday (08), the Secretary noted…

Shanmugam Kugathasan sworn in as Member of Parliament
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Shanmugam Kugathasan sworn in as Member of Parliament

Kathiravelu Shanmugam Kugathasan of the Illankai Tamil Arasu Kadchi (ITAK) was sworn in as a Member of Parliament this morning (09). He took oaths before Speaker Mahinda Yapa Abeywardena soon after the parliamentary proceedings commenced. Last week, the Election Commission had named Kuhadasan to fill the parliamentary seat that fell vacant following the passing of…

Government to Impose Taxes on 14 Additional Sectors, Says State Minister Ranjith Siyambalapitiya
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Government to Impose Taxes on 14 Additional Sectors, Says State Minister Ranjith Siyambalapitiya

The government has decided to impose taxes on 14 additional sectors, announced State Minister of Finance, Dr. Ranjith Siyambalapitiya. Among these sectors are large-scale private tutoring classes, private schools, private medical service centers, engineering service centers, and mining services. State Minister Siyambalapitiya stated that the Inland Revenue Department will conduct thorough investigations into the income…

Sri Lanka’s Government Debt Reduced by 2.76% as of April 2024
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Sri Lanka’s Government Debt Reduced by 2.76% as of April 2024

Sri Lanka’s government debt stock has seen a notable reduction of 2.76%, amounting to Rs 803.2 billion, as of April 30, 2024. This decrease brings the total debt from Rs 29,150.4 billion on December 31, 2023, down to Rs 28,347.2 billion. A significant reduction was observed in the foreign debt stock, which fell by 9.2%…

Sri Lanka’s Debt Restructuring Agreement and Economic Measures
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Sri Lanka’s Debt Restructuring Agreement and Economic Measures

Chethana Gomis Extending the principal loan repayment grace period till 2028 will save the country $500 crores. Sri Lanka has also concluded a debt restructuring agreement with International Sovereign Bondholders. Sri Lankan foreign debt amounts to USD 37 billion, comprising USD 10.6 billion in bilateral debt. Regarding accusations from many parties that the Government has…

Driving Digital Action through DPI: A Series to Propel the SDGs
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Driving Digital Action through DPI: A Series to Propel the SDGs

Countries with a robust digital public infrastructure act as the cornerstone for progress in many developed countries. During the COVID-19 pandemic, many of these countries secured equitable economic advancements through digital tools. Effective Digital Public Infrastructure (DPI) has the potential to dramatically improve a country’s overall ability to reach the Sustainable Development Goals (SDGs) and…

Sri Lanka Reaches Landmark Debt Restructuring Agreement
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Sri Lanka Reaches Landmark Debt Restructuring Agreement

Sri Lanka reached a groundbreaking agreement with its private creditors to restructure its debt, becoming the first country to utilize a Governance-Linked Bond (GLB). This innovative financial instrument was designed by Verité Research in Colombo. The Verité-GLB adjusts repayments based on the country’s achievement of mutually agreed governance benchmarks. If these benchmarks are met, Sri…

Sri Lanka Reaches Landmark Debt Restructuring Agreement, Daily Reporter
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Sri Lanka Reaches Landmark Debt Restructuring Agreement, Daily Reporter

On June 3, 2024, Sri Lanka reached a groundbreaking agreement with its private creditors to restructure its debt, becoming the first country to utilize a Governance-Linked Bond (GLB). This innovative financial instrument was designed by Verité Research in Colombo. The Verité-GLB adjusts repayments based on the country’s achievement of mutually agreed governance benchmarks. If these…