Proposal for Sri Lanka to downgrade itself to low-income country

The Cabinet will take up tomorrow (October 10) a proposal for Sri Lanka to revert from a middle-income country to a low-income country with the aim of obtaining concessionary funding from the International Development Association (IDA) – an arm of the World Bank which helps the world’s poorest and most vulnerable countries.










Progress made so far to meet aspirations of Tamils ‘remains inadequate’ – India

While explaining India’s vote on the resolution on promoting reconciliation, accountability and human rights in Sri Lanka, Indra Mani Pandey, the country’s permanent representative in Geneva, said that the progress made so far by the Sri Lankan government to meet the aspirations of the Tamil minority “remains inadequate”.





Debt restructuring, deep reform program critical to stabilize Sri Lanka’s economy – World Bank

Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, underscoring the need for Sri Lanka to build resilience.





Resolution on Sri Lanka introduced in Human Rights Council in Geneva

The draft resolution, titled, ‘Promoting reconciliation, accountability and human rights in Sri Lanka’ which has been proposed by a group of states comprising Canada, Germany, Malawi, Montenegro, North Macedonia, the United States and the United Kingdom, has been tabled at the UN Human Rights Council (UNHRC) in Geneva today (October 06).