October 1, 2022
IMF staff, President hold another round of talks- BPN TODAY

IMF staff, President hold another round of talks

Another round of discussions with the International Monetary Fund, with the aim of finding solutions to the financial crisis facing Sri Lanka, was held yesterday at the President’s Office under the patronage of President Ranil Wickremesinghe.

President Wickremesinghe joined the meeting via Zoom technology and both parties exchanged ideas in a positive manner.

The IMF had made a request for additional information pertaining to electricity tariff revisions, Excise Act etc. and it was decided at this meeting to provide the requested information by Monday.

Financial and legal advisors of the IMF joined yesterday’s meeting and another round of discussions has been scheduled for 31 August.

International Monetary Fund Negotiation Panel Head Peter Breuer, Deputy Head Masahiro Nozaki, International Monetary Fund in Sri Lanka Permanent Representative Tubagus Feridhanusetyawan, and Chief of Staff to the President and Senior Advisor to the President on National Security Sagala Ratnayake, President’s Secretary Saman Ekanayake, Central Bank Governor Dr. Nandalal Weerasinghe and several other Central Bank senior officers were present on this occasion.

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The US, through the US Department of Agriculture (USDA) and in partnership with Save the Children, has received 320 metric tons of split yellow peas to nourish school children across Sri Lanka. The donation is part of a larger one of 3,000 metric tons of food, the US Embassy said. US Ambassador Julie Chung, Education Minister Dr. Susil Premajayantha, and representatives from the Ministry of Health, the National Planning Department, and Save the Children attended the hand-over ceremony Friday. “This donation from the American people targets the most vulnerable Sri Lankans – children – and enables them to focus on their schooling rather than on their hunger. Every nourishing meal will be a testament to the US’ commitment to helping all Sri Lankans emerge from the worst economic crisis since the country’s independence,” said Ambassador Julie Chung. The shipment is part of the USDA McGovern-Dole International Food for Education and Child Nutrition Program, a five-year $ 26 million project aimed at providing immediate emergency assistance to the food insecure to improve literacy and attendance by reducing hunger. The USDA and its partner Save the Children work with the Sri Lankan government and local communities to ensure food reaches those most in need. Between June 2021 and January 2022 alone, the project, called Promoting Autonomy for Literacy and Attentiveness through Market Alliances (PALAM/A), provided protein supplements twice in the form of split yellow peas and Alaskan pink salmon to more than 105,000 children and their families – more than 460,000 Sri Lankans in total - during COVID-19 lockdowns. As of Mid-August, PALAM/A has provided supplemental nutrition to approximately 50,000 schoolchildren. The donation reflects the US’ larger efforts to scale up food security operations worldwide to provide record amounts of immediate emergency assistance in order to save lives and alleviate suffering. Food security programs are just one component of the longstanding partnership between the American and Sri Lankan people to support Sri Lanka’s development journey and promote economic sustainability. In addition to ongoing projects PALAM/A, the United States has announced more than $ 179 million in new assistance to Sri Lanka this year, including nearly $ 32 million in new humanitarian and technical assistance since June alone.- BPN TODAY Previous post US donates 3,000 MT of food to feed Lankan school children
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