Sri Lanka Secures USD 100 Million ADB Loan for Power Sector Reforms, Plus USD 3 Million Grant for Cyclone Recovery

Sri Lanka has finalized agreements with the Asian Development Bank (ADB) to mobilize a USD 100 million policy-based loan aimed at advancing the country’s Power Sector Reforms and Financial Sustainability Program (Subprogram 2). According to the Ministry of Finance, Planning and Economic Development, the program is designed to help establish independent, financially sustainable electricity utilities…

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IMF Reviewing Sri Lanka’s 2026 Budget and Growth Targets Ahead of Next Bailout Decision

The International Monetary Fund (IMF) is assessing Sri Lanka’s newly announced 2026 budget—including its ambitious 7% economic growth target—to determine whether it meets the requirements of the country’s ongoing bailout program. At a press briefing yesterday (13), IMF Communications Director Julie Kozack said staff are “reviewing the published budget documents to evaluate whether the 2026…

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Sri Lanka Teachers’ Union Calls for Urgent Financial Relief for Educators Hit by Disasters

The Ceylon Teachers’ Union (CTU) has called on the Sri Lankan government to immediately introduce a concessional relief programme for teachers and school principals affected by the recent floods and landslides across the country. CTU General Secretary Joseph Stalin said a large number of educators have been severely impacted by the disaster and are struggling…

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Sri Lanka signs USD 100M loan and USD 6.9M grant agreements with ADB for health program

The Government of Sri Lanka held discussions with the Asian Development Bank (ADB) to mobilize a loan amounting to USD 100 million, coupled with an externally financed grant amounting to USD 6.9 million from the Pandemic Prevention, Preparedness and Response Trust Fund (Pandemic Fund) for the Implementation of the Strengthening Integrated Health Care and Governance…

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Sri Lanka Records Over 7,600 Child Protection Complaints in First Nine Months of 2025

Sri Lanka’s National Child Protection Authority (NCPA) has received 7,677 complaints relating to child protection issues between January and September 2025, highlighting growing concerns over child safety across the country. According to the NCPA, 414 complaints involved child sexual abuse, while 192 cases were linked to serious sexual exploitation. Of the total complaints, 6,296 fell…

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The 141st Birth Anniversary Celebration of Dr. C.W.W. Kannangara Grandly Held in Mathugama

The 141st birth anniversary of Dr. C.W.W. Kannangara, widely honored as the Father of Free Education, was ceremonially celebrated on October 13, 2025, under the patronage of Deputy Minister of Education and Higher Education, Dr. Madhura Senevirathne, at the Mathugama Auditorium. The main objective of this event was to appreciate the immense service rendered by Mr….

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Sri Lanka to Present Second National People’s Power Government Budget Tomorrow

Sri Lanka’s second budget under the National People’s Power (NPP) administration is set to be presented to Parliament tomorrow (7 November). This will also mark the 80th national budget since the country gained independence. President Anura Kumara Dissanayake, who also serves as Minister of Finance, will deliver the second reading of the Appropriation Bill—commonly known…

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