The Sri Lankan authorities’ confirmation that they endorse the targets set under the country’s IMF programme, and intend to implement debt restructuring based on the terms agreed with international sovereign bondholders in September, reduces risks to the debt treatment process associated with the outcome of the presidential election on 21 September, said Fitch Ratings.
President Anura Kumara Dissanayake will likely undertake his first official overseas visit to New Delhi for discussions with Prime Minister Narendra Modi after he accepts an invitation which will be extended today by visiting Indian External Affairs Minister, Dr. S. Jaishankar, the Daily Mirror learns.
An electoral alliance between the Samagi Jana Balawegaya (SJB) and the United National Party (UNP) is now going to be a non-event, with each of them planning for different strategies to contest the upcoming General Elections, Daily Mirror learns.
President Anura Kumara Dissanayake has appointed the Chairman of the Ceylon Chamber of Commerce, Duminda Hulangamuwa and Prof. Anil Fernando of the Sri Jayawardenapura University as Senior Advisors for Economic Affairs and Finance on honorary basis.
Only a single independent candidate of the Presidential Poll 2024 has declared his campaign finances, whereas no major party had stated their election expenses by the end of September, having nine of 21 days of the grace period to declare expenses had lapsed by yesterday, the Daily Mirror learns.
The government has initiated action to review the benefits of former Presidents to be pruned according to a criterion since some curtailments require legal amendments to be enacted by the next Parliament, a top source said.
India does not seek to control every political move of neighbours, and does not expect that the political dynamics within neighbouring countries will adhere to what India may think is desirable, but Delhi is confident that fundamental realities of interdependence will ensure that relationships with neighbours remains constructive and positive, external affairs minister S Jaishankar has said.
After the Election Commission announces the NPP presidential candidate Anura Kumara Dissanayake as the winner of the 2024 presidential election later today, Daily Mirror learns that Dissanayake will take oaths as the new president at a simple ceremony held at the Presidential Secretariat tomorrow morning (23).
NPP leader Anura Kumara Dissanayake could be sworn in as the new President later today if the final announcement declaring him as the winner is made by the Elections Commission on time, a party source told Daily Mirror.
Sri Lankans will go to the polls today to elect the ninth Executive President of Sri Lanka to run the country for a period of five years. The presidential poll holds significance this time since it is the first election to be conducted after the country went through its worst-ever economic crisis since 2022.
In reference to Sri Lanka agreeing in principle on the restructuring of commercial debts (ISB), Chairman of Advocata Institute Murtaza Jafferjee said it was a game changer on the path to debt sustainability.
United Republican Front (URF) Leader MP Patali Champika Ranawaka who is backing Presidential Candidate and SJB Leader Sajith Premadasa fears whether this will be the last democratic election that will be conducted in Sri Lanka.
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