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World Bank extend further support after reaching an agreement with the IMF – World Bank’s Country Director

There are 17 ongoing World Bank-funded projects in Sri Lanka. The World Bank’s Country Director for Sri Lanka Faris Hadad-Zervos said that the projects were being redesigned to provide financial assistance to meet the current crisis.

Mr. Zervos said that the World Bank would extend further support after reaching an agreement with the International Monetary Fund.

This was stated at a discussion between World Bank representatives and President Gotabaya Rajapaksa at the President’s House in Colombo, today (29).

Explaining the current situation in the country, the President pointed out the need to provide the World Bank loan assistance to banks and financial institutions. The President requested the representatives to take necessary measures to issue such financial assistance at low-interest rates to the people engaged in agriculture, livestock, small and medium-scale enterprises, and businesses.

Representatives of the World Bank said that they have already decided to allocate funds for domestic gas and fertilizer supplies.

Tax increases and the removal of diesel and kerosene subsidies will have a severe impact on many sectors including fisheries.

The government is also concerned about other groups at risk. The President said that these issues would have to be considered in reaching an agreement with the International Monetary Fund.

World Bank Country Manager for Sri Lanka Chiyo Kanda, Senior Operations Officer Asela Dissanayake, Practice Manager Gabi George Afram, Lead Private Sector Specialist Peter Mousley, Lead Financial Sector Specialist Miquel Dijkman, Senior Economist Kishan Abeygunawardana and Secretary to the President Gamini Senarath, Principal Advisor to President Mr. Lalith Weeratunga, Chief of Staff to the President Anura Dissanayake, Secretary to the Finance Ministry K.M.M.Siriwardena, Director of the External Resources Department Himali Bogodagedara, and Vice President of the Sri Lanka Medical Association Dr. Surantha Perera, were also present at this discussion.

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Gotabaya resigns!

Reported that President Gotabaya Rajapaksa has submitted his resignation letter.

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IUSF spends the night in Colombo!

This afternoon, the Inter-University Student Foundation came to Colombo with a protest march under the theme of Roda Bandimu – Pannamu.

They even faced a tear gas attack this evening near the Presidential Secretariat. They arrived on walk-in Colombo today in preparation for the protest that will occur tomorrow (09).

Even now, they are seen gathering in the area surrounding the President’s office. It is also seen that all possible groups have come to support the students during the curfew.

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Department of Meteorology has issued a red notice!

The Sri Lanka Police has issued a notice to drivers traveling on the Galle road due to high sea waves under the prevailing severe weather conditions.

Galle road from Ambalangoda Madampe Usmudalawa Junction to Dehiwala has been closed due to sea waves coming ashore. In Dehiwala, Ambalangoda Galle, and many other areas, due to sea waves coming ashore, traffic has been severely disrupted.

police have further informed that the drivers traveling on the respective roads should use alternative routes.

The Department of Meteorology has issued a red notice.

According to the announcement, this warning has been issued in relation to the sea areas from Puttalam to Pottuvil via Colombo, Galle, and Hambantota.

Due to the activation of the southwest monsoon, the wind speed in those sea areas may increase to 60 to 70 kilometers per hour from time to time, according to the announcement.

As a result, the concerned sea areas will be rough to very rough, the Department of Meteorology has stated in its announcement.

Also, in the above-mentioned areas, there is a possibility that the sea waves will rise up to 2.5 or 3.5 meters.

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