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Sri Lanka’s request for emergency financing has once again brought into sharp focus the International Monetary Fund’s firm insistence on policy discipline over political expediency. The IMF Executive Board is scheduled to meet on December 19 to consider Sri Lanka’s request for US$200 million under the Rapid Financing Instrument (RFI), sought in the aftermath of Cyclone Ditwah, which struck in the final week of November.

While the RFI is designed for swift disbursement and carries no post-financing reviews, the broader context in which the request is being made is far from straightforward. Sri Lanka remains under a US$2.9 billion Extended Fund Facility (EFF) programme, where progress is tightly measured against quantitative benchmarks and structural reforms. IMF officials have made it clear that emergency assistance does not dilute expectations under the main programme.

The cyclone has materially altered the country’s fiscal outlook. Government expenditure for next year is now projected to increase by at least Rs. 500 billion, significantly reshaping the 2026 budget framework upon which current IMF targets were built. As a result, the fourth review of the EFF originally expected to conclude by mid-December has been deferred. An IMF mission is now anticipated in January 2026 to renegotiate a revised staff-level agreement reflecting the changed fiscal realities.

Complicating matters further is the Central Bank’s limited ability to accumulate foreign exchange reserves. Following a policy rate cut in March and a broader easing of deflationary measures, reserve accumulation has fallen short of initial IMF expectations. Although the government and the Central Bank have continued to meet external debt repayment obligations, reserve buffers remain under strain.

Recent budget-support financing from multilateral lenders, particularly the Asian Development Bank, has offered some relief. These facilities, which do not feed into domestic spending, are expected to either bolster reserves or directly service external liabilities. Meanwhile, the Central Bank continues to supply foreign currency to the Treasury for debt repayments—an arrangement analysts argue distorts monetary policy signals.

Market observers warn that Sri Lanka’s interest rate trajectory is now shaped less by inflation dynamics and more by IMF-mandated reserve targets. The rupee’s depreciation in 2025 has been attributed to reduced deflationary policy and sustained Central Bank dollar purchases, which critics say amount to indirect monetisation of the balance of payments while constraining private-sector access to foreign exchange.

Against this backdrop, economists argue that the IMF’s current stance is unambiguous: emergency relief may be granted, but it does not replace the need for tighter fiscal control, credible monetary discipline, and adherence to EFF benchmarks conditions shaped by hard lessons from Sri Lanka’s 2022 sovereign default.

LTL Holdings has intensified humanitarian assistance for communities hit by recent floods, combining its technical expertise in the power sector with disaster relief efforts.

Under its “LTL Humanity” programme, the company has distributed 17,000 dry ration packs to households affected by flooding, with an additional 1,000 packs prepared for immediate dispatch.

Essential household kits, including bedding, mats, and daily necessities, have been delivered to 250 families, while 600 more kits are being readied for rapid distribution.

The programme also provides guidance on safely restoring electricity to flood-damaged homes, reflecting LTL Holdings’ dual focus on technical restoration and humanitarian support.

“LTL Humanity is aimed at meeting the immediate needs of affected populations while helping them rebuild their daily routines and homes,” the company said, expressing gratitude to partners and stakeholders assisting the initiative.

The company pledged to continue relief efforts until communities are fully restored, highlighting its commitment to both public service and social responsibility in the aftermath of Sri Lanka’s natural disasters.

Prime Minister Dr. Harini Amarasuriya has acknowledged and appreciated the Government of China for the prompt support extended to Sri Lanka during its recent disaster response efforts.Her remarks were made at an official meeting with Wang Dongming, Vice Chairman of the Standing Committee of the National People’s Congress (NPC) of China, held at the Parliament complex, according to the Office of the Prime Minister.

Discussions during the meeting focused on the long-standing bilateral relationship between Sri Lanka and China, as well as opportunities to deepen cooperation across a range of sectors.

The Prime Minister noted that Sri Lanka has now moved beyond the emergency rescue stage and entered the post-disaster recovery and reconstruction phase. She also expressed appreciation for the contributions of volunteers and the broader international community who supported rescue operations during the crisis.

Vice Chairman Wang Dongming extended his condolences to those affected by the disaster and stated that China would continue to assist Sri Lanka not only during the recovery and reconstruction phase, but also in its broader social and economic development. He reaffirmed China’s willingness to work closely with Sri Lanka in both regional and international engagements.

The meeting also reviewed key areas discussed during the Prime Minister’s recent visit to China, including assistance for school uniforms and fertiliser supplies, cooperation in digital education, road development projects, and ongoing collaboration in the education, health, and cultural sectors.

The discussions concluded with both sides reiterating their shared commitment to further strengthening bilateral ties founded on mutual trust, understanding, and a long-standing friendship, the Prime Minister’s Office said.

Prime Minister Harini Amarasuriya has paid tribute to those who lost their lives during the devastation caused by Cyclone Ditwah, offering special remembrance to members of the Armed Forces who were actively engaged in rescue and relief operations across the country.

She commended the military for its professionalism, discipline, and steadfast dedication, highlighting the effective coordination between the Armed Forces, civil authorities, and the public in delivering timely rescue, relief, and recovery services during a time of national hardship.The Prime Minister made these remarks while attending the Graduation Ceremony of Defence Services Command and Staff College (DSCSC) Course 19 as the Chief Guest, held yesterday.

The DSCSC, regarded as the country’s premier institution for advanced military education, celebrated the graduation of 149 officers, including 26 foreign course participants, reflecting the institution’s expanding international engagement and commitment to regional and global military cooperation.During the ceremony, Special Awards were presented to outstanding graduates under three categories: the Golden Owl Award, the Golden Pen Award, and Commandant’s Honours. The Prime Minister was also formally presented with the 10th edition of the Defence and Security Journal and Owlet publications.

Addressing the gathering, Prime Minister Amarasuriya expressed appreciation to the foreign officers for sharing their operational experiences and national perspectives, noting that their contributions enriched the academic programme and fostered stronger mutual understanding.

She further emphasized that future leaders must be capable of adapting to change while maintaining strong ethical foundations. While acknowledging the growing influence of technology in military operations, the Prime Minister stressed that sound judgment, discipline, and responsibility would remain essential qualities of leadership.

“The professional bonds formed at the Defence Services Command and Staff College will play a vital role in future peacekeeping missions, humanitarian assistance, multinational exercises, and regional crisis responses,” she said.

The event was attended by Deputy Minister of Defence Major General (Retd) Aruna Jayasekara, Secretary to the Ministry of Defence Air Vice Marshal (Retd) Sampath Thuyacontha, Commanders of the Army, Navy, and Air Force, former DSCSC Commanders, senior tri-service officers, members of the diplomatic corps, distinguished invitees, and family members of the graduating officers.

Three suspects have been arrested following the death of a wild elephant in the Seepukulama area, after the animal suffered severe burn injuries during an attempt by villagers to drive it away, police said.The elephant, a 40-year-old male known as “Amba Bo,” was discovered early Monday morning lying critically injured in the front yard of a residence near the Abagaha Wela junction. Wildlife veterinarians from the Anuradhapura Pandulagama division were immediately dispatched to provide treatment, but the animal later succumbed to its injuries.

According to Mihinthalaya Police, the incident occurred on December 14, when residents attempted to scare the elephant away using burning torches. Investigations revealed that one individual had allegedly set fire directly to the animal, resulting in extensive injuries. Three people were subsequently arrested in connection with the incident.

Condemning the act, Ven. Pahiyangala Ananda Sagara Thero said the elephant had endured immense suffering. He noted that multiple bullets were found lodged in the animal’s body, adding that the elephant had come into human settlements in search of food. Describing the incident as deeply inhumane, he said it was a tragedy that reflected poorly on society.

Wildlife officials stated that Amba Bo had been unwell for nearly three months and had been receiving veterinary care during that time. Despite its condition, local residents had generally shown tolerance toward the elephant, which frequently moved near homes while foraging.

Meanwhile, Ven. Valahangunawawe Dammarathana Thero urged the government to take greater responsibility for the protection of wild elephants, emphasizing that they are a national heritage. He called for meaningful action rather than verbal assurances.

A postmortem examination was conducted on Tuesday by wildlife officers from the Anuradhapura Pandulagama division. Following the examination, villagers performed religious observances in accordance with local customs.

The National Building Research Organisation (NBRO) has issued Level 3 “Red” landslide warnings for seven Divisional Secretariat Divisions (DSDs) in the Kandy and Nuwara Eliya districts, citing ongoing adverse weather conditions.According to the NBRO, the evacuation-level alerts will remain in force until 2.30 a.m. tomorrow (19), and residents in the affected locations are urged to remain vigilant and comply with safety instructions.

In the Kandy District, the warnings apply to the Doluwa, Udadumbara and Medadumbara Divisional Secretariat areas and surrounding localities. Meanwhile, in the Nuwara Eliya District, residents of the Mathurata, Nildandahinna, Hanguranketha and Walapane Divisional Secretariat divisions have also been placed under the highest level of landslide alert.

The NBRO stated that the warnings were issued as a precautionary measure in response to persistent rainfall and unstable ground conditions, and advised the public to prioritize safety and be prepared to evacuate if necessary.

It is with deep sorrow that I share the passing of one of my dearests and most trusted friends of many years, Lakshman Balasuriya. He left us on Sunday morning, and with him went a part of my own life. The emptiness he leaves behind is immense, and I struggle to find words that can carry its weight.

Lakshman was not simply a friend. He was a brother to me. We shared a bond built on mutual respect, quiet understanding, and unwavering trust. These things are rare in life, and for that reason they are precious beyond measure. I try to remind myself that I was privileged to spend the final hours of his life with him, but even that thought cannot soften the ache of his sudden and significant absence.

Not too long ago, our families were on holiday together. Lakshman and Janine returned to Sri Lanka early. The rest of the holiday felt a bit empty without Lakshman's daily presence. I cannot fathom how different life itself will be from now on.

He was gentle and a giant in every sense of the word. A deeply civilised man, refined in taste, gracious in manner, and extraordinarily humble. His humility was second to none, and yet it was never a weakness. It was strength, expressed through kindness, warmth, and dignity. He carried himself with quiet class and had a way of making everyone around him feel at ease.

Lakshman had a very dry, almost deadpan, sense of humor. It was the kind of humor that would catch you off guard, delivered with too straight a face to be certain he was joking, but it could lighten the darkest of conversations. He had a disdain for negativity of any kind. He preferred to look forward, to see possibilities rather than obstacles.

He was exceptionally meticulous and had a particular gift for identifying talent. Once he hired someone, he made sure they were cared for in unimaginable ways. He provided every resource needed for success, and then, with complete trust, granted them independence and autonomy. His staff were not simply employees to him. They were family. He took immense pride in them, and his forward-thinking optimism created an environment of extraordinary positivity and a passion to deliver results and do the right thing.

Lakshman was also a proud family man. He spoke often, and with great pride, about his children, grandchildren, nephews, and nieces. His joy in their achievements was boundless. He was a proud father, grandfather, and uncle, and his devotion to his family reflected the same loyalty he extended to his colleagues and friends.

Whether it was family, staff, or anyone he deemed deserving, Lakshman stood by them unconditionally in times of crisis. He would not let go until victory was secured. That was his way. He was a uniquely kind soul through and through.

Our bond was close. Whenever I arrived in Sri Lanka, it became an unspoken ritual that we would meet at least twice. The first would be on the day of my arrival, and then again on the day I left. It was our custom, and one I cherished deeply. We met regularly, and we spoke almost daily. He was simply a top-class human being. We were friends. We were brothers. His passing has devastated me.

Today I understood fully the true meaning of the phrase 'priyehi vippayogo dukkho' -- (ප්‍රියෙහි විප්පයෝගෝ දුක්ඛෝ) 'separation from those who are beloved is sorrowful.'

My thoughts and prayers are with Janine, Amanthi, and Keshav during this time of profound loss. Lakshman leaves behind indelible memories, as well as a legacy of decency, loyalty, and quiet strength. All of us who were fortunate to know him will hold that legacy close to our hearts.

If Lakshman’s life could leave us with just one lesson, that lesson would be this. True greatness is not measured in titles or possessions, but in the way one treats others: with humility, with loyalty, with kindness that does not falter in times of crisis. Lakshman showed us that to stand by someone, to believe in them, and to lift them up when they falter, is the highest of callings, and it was a calling he never failed to honour.

Rest well, my dear friend.

by Krishantha Prasad Cooray

Parliament is set to consider a Rs. 500 billion supplementary estimate today , aimed at assisting communities impacted by the recent sudden disaster situation and supporting livelihood restoration efforts.The special parliamentary sittings for today and tomorrow (19) have been convened at the request of Prime Minister Dr. Harini Amarasuriya, in line with Standing Order 16, according to Secretary-General of Parliament Kushani Rohanadeera.

The decision to summon Parliament was taken at a meeting of the  held yesterday (17) under the chairmanship of Speaker Dr. Jagath Wickramaratne, as stated in an official release issued by the Department of Communications of Parliament.

Parliament will meet at 9.30 a.m. today, during which the proposed supplementary allocation for the year 2026 will be formally presented and referred to the Committee on Public Finance for review. Following this, an Adjournment Debate initiated by the Government will take place, focusing on the national situation in the aftermath of the adverse weather-related disaster, and will continue until 5.30 p.m.

The House is scheduled to reconvene tomorrow from 9.30 a.m. to 5.30 p.m., during which the Rs. 500 billion supplementary estimate will be debated and taken up for approval.

Meanwhile, the Speaker had earlier announced, through an Extraordinary Gazette dated December 13, that Parliament would be summoned on December 18, 2025, after receiving a formal request from the Prime Minister in accordance with parliamentary standing orders.

Medical services at Badulla Teaching Hospital were disrupted today after doctors initiated a strike in response to an alleged assault on one of their colleagues.

The incident reportedly took place when a three-wheeler driver parked his vehicle behind a doctor’s car within the hospital premises. When the doctor asked the driver to move the three-wheeler, the situation escalated, leading to the doctor being physically assaulted.

The injured doctor was admitted to Badulla Teaching Hospital for treatment following the incident.

In protest over the attack and concerns about the safety of medical staff, doctors at the hospital commenced a strike action. Hospital sources indicate that the protest is expected to conclude at 4.00 p.m. today (17).

The Department of Meteorology has forecast continued unsettled weather across the island today, with fairly heavy rainfall and strong winds expected in multiple regions due to the ongoing influence of an easterly wave.

Intermittent showers are likely in the North-Central, Eastern, Uva and Central provinces, while several spells of rain are anticipated in the Northern and North-Western provinces. According to the Met Department, rainfall amounts exceeding 75 mm may be recorded in some locations within the Eastern, Uva and Central provinces, as well as the Polonnaruwa district.

In other parts of the country, showers or thundershowers may develop after 1.00 p.m., with certain areas potentially receiving rainfall of more than 50 mm.

The forecast also indicates that strong winds, reaching speeds of around 40–50 kmph, could occur at times across the eastern slopes of the central hills, the Northern, North-Central and North-Western provinces, and in the Trincomalee, Hambantota and Monaragala districts.Additionally, misty conditions are expected during the early morning hours in parts of the Sabaragamuwa, Western and Central provinces, as well as in the Galle and Matara districts.

The public has been advised to take necessary precautions to reduce potential damage from localized strong winds and lightning associated with thundershowers.

Lanka Business TV, in collaboration with Lankadeepa FT, successfully hosted its highly acclaimed “Vyavasayakaya” (The Entrepreneur) Business and Investment Summit in Gampaha, drawing an impressive crowd of over 250 participants, including entrepreneurs and individuals keen to enhance their economic and investment knowledge.

The summit was held at The Glasgow Hotel in Kalagedihena, following a brief postponement due to flood risks in the area. Despite the delay, the strong turnout underscored the growing public interest in entrepreneurship-focused knowledge-sharing platforms, according to Lanka Business TV Founder and Chief Executive Officer, Mr. Jayantha Kovilagodage.

“The significant participation despite the rescheduling clearly demonstrates the demand for such programmes among the public,” Mr. Kovilagodage said.

The keynote address was delivered by renowned management consultant Mr. Deepal Sooriyaarachchi, who shared strategic insights on entrepreneurship and business growth. The summit also featured expert presentations from a distinguished panel of speakers, including:

• Mr. Ruwan Perera, Chief Executive Officer, NDB Wealth Management

• Mr. Chalinda Abeykoon, Managing Partner, nVentures

• Mr. Inoke Perera, Sector Head, John Keells Properties

• Mr. N.A. Aruna Wijesiri, Deputy Director, Central Bank of Sri Lanka

Participants were also treated to an interactive experience, with opportunities to win attractive prizes. One fortunate attendee won a round-trip air ticket to Malaysia.

Lanka Business TV announced that it is currently planning four additional “Vyavasayakaya” Business and Investment Summits for 2026, as part of its continued efforts to promote entrepreneurial education across the country.

The “Vyavasayakaya” series has already been successfully conducted in Gampaha, Kurunegala, Matara, Kandy, and Ratnapura, further cementing its reputation as one of Sri Lanka’s leading regional business knowledge platforms.