Language Switcher

v2025 (2)

v2025

International aid agencies keep close tabs on Sri Lankan political crisis 

The International Monetary Fund (IMF) is monitoring the present economic and political situation in the country, the IMF said in statement. 
The IMF said that they are monitoring the recent political developments while constantly being in contact with their technical counterparts and added that it is premature to assess the implications of programmes supported by the IMF. 

Sri Lanka is yet to receive the sixth tranche of about SDR 177.77 or USD 250 million of the loan facility.

With the disbursement of the sixth tranche, total disbursements under the EFF arrangement will be equivalent to SDR 893 million (approximately USD 1,264 million).

Sri Lanka is also facing a risk of the US government suspending the Millennium Challenge Corporation’s (MCC) five year assistance package worth USD 480 million.

An agreement was signed recently between Sri Lanka and the MCC recently to provide an additional LKR 413 million (USD 2.6 million) grant to finalise compact development.  

This amount supplements the LKR 1.2 billion (USD 7.4 million) grant that MCC provided last July.

The EU delegation in Sri Lanka, in a statement, urged Sri Lankan parties to follow the due institutional process and respect freedom of media.

The EU expects Sri Lanka to pursue its positive path towards reconciliation and democracy for the full benefit of the Sri Lankan people
Meanwhile, the US State Department has said it expects the teh Sri Lankan Government to uphold its Geneva commitments to human rights, reform, accountability, justice, and reconciliation.

UK and Canada continued its push for Sri Lanka’s Parliament to be convened immediately to resolve the political crisis in the country.

The British Foreign and Commonwealth office said that it was concerned by ongoing political developments in Sri Lanka and was following the political developments closely.

The Canadian Foreign Ministry said that Canada remains deeply concerned by the political situation in Sri Lanka.

Canada also called upon the Government to ensure the safety and security of journalists, activists and human rights defenders, who play a vital role in defending democracy.

Leave your comments

Post comment as a guest

0
Your comments are subjected to administrator's moderation.
terms and condition.
  • No comments found