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To Complement Existing Preventive Strategies in Sri Lanka

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To Complement Existing Preventive Strategies in Sri Lanka SRI LANKA’S NATIONAL NEWSPAPER I SINCE 1918 SATURDAY APRIL 4, 2020 I VOLUME - 102 - NO 82 I RS. 30.00 I REGISTERED AS A NEWSPAPER IN SRI LANKA I SPECIAL EDITION Central Bank Banks urged TO COMPLEMENT EXISTING PREVENTIVE STRATEGIES IN SRI LANKA further reduces to implement policy interest rates The The Monetary Board of the Central Bank of Sri Lanka yesterday CB guidelines decided to reduce the Standing Deposit Facility Rate (SDFR) and SANDASEN MARASINGHE the Standing Lending Facility Rate Central Bank Governor, WORLD BANK FAST TRACKS (SLFR) of the Central Bank by Professor W D Lakshman 25 basis points to 6.00 per cent yesterday instructed the banks and 7.00 per cent,from the close of and financial institutions to business on April 3. implement all the instructions This decision will complement given by the Central Bank in the measures taken thus far to ease the bid to revive the economy market conditions, and enable the in a post-COVID19 scenario. domestic financial market to pro- He also warned the banks vide further relief to businesses and financial institutions not and individuals affected by the to delay implementing the outbreak of the COVID-19 pandemic instructions and guidelines, US$ 128.6 MILLION and restrictions placed to contain its which would compel the spread within the country. Central Bank to take action The bank said, there will be no against them in accordance monetary policy announcement with the available rules and on April 9 as scheduled. However, regulations. the Monetary Board may review the In a statement, he said that monetary policy stance of the Central the Central Bank is optimistic Bank and make necessary changes as that country would overcome and when required in consideration the catastrophic virus epidem- TO COMBAT COVID-19 of economic and market develop- ic and the country’s endeav- The International Development lishment of Bio-Safety Level (BSL) ments. our to combat COVID 19 is Association (IDA) and the Interna- 3 laboratory facilities at the National internationally commended as tional Bank for Reconstruction and Medical Research Institute (MRI) being far better than those of Development (IBRD) of the World and strengthening laboratory facili- developed nations. Bank Group hav agreed to provide ties and information systems. Udayanga Weerathunga He also said that the politi- financing assistance amounting to A news release from the World cal authority, administration, United States Dollars (USD) 128.6 Bank said its Board of Executive granted bail Police, Tri Forces, health million (approx Rs.25,000 million) to Directors approved the $128.6 mil- sector, Central Bank etc are the Sri Lankan effort to battle against lion Sri Lanka COVID-19 Emergency LAKMAL SOORIYAGODA playing a pivotal role in this the Covid 19 outbreak. These funds Response and Health Systems Pre- Former Sri Lankan Ambas- endeavour. He added that will be mobilized through the Gov- paredness Project to help the country sador to Russia Udayanga Central Bank has taken many ernment Budget during the period prevent, detect, and respond to the Weeratunga, who was held measures to assist the Govern- from 2020 to 2023. COVID-19 pandemic and strengthen in remand custody over the ment to cope with this situa- The World Bank is working closely its public health preparedness. alleged MiG Aircraft deal, tion, including raising Rs 100 with the Government of Sri Lanka The new fast track package will was yesterday ordered to be billion through Treasury Bills. to contain the spread of COVID-19 benefit the entire Sri Lankan popula- released on bail by Colombo World Bank HQ in Washington, DC He said it is customary for and prepare the country for poten- tion and prioritize stopping or slow- Fort Magistrate. the Central Bank to formulate tial future disease emergencies,” said Lanka and the World Bank, respec- and responding to surge capacity ing the spread of the virus, reducing Udayanga Weerathunga was long term policies in cases Idah Z. Pswarayi-Riddihough, World tively. through trained and well-equipped case numbers, and preventing out- ordered to be released on a such as epidemics. He added Bank Country Director for Maldives, In response to the increasing health workers and medical officers breaks in communities. cash bail of Rs.2.5 million with that in the aftermath of such Nepal, and Sri Lanka. “Sri Lanka COVID 19 incidence in the country, of health and primary health doctors The project includes a $35 million two sureties of Rs.50 million a catastrophe, entrepreneurs, has already taken preventive meas- the Government of Sri Lanka has ini- and equipped facilities, strengthen- loan from the International Bank each by Colombo Fort Magis- businessmen and people must ures to contain this rapidly evolving tiated urgent and effective measures ing Surveillance and Response Sys- for Reconstruction and Development trate Ranga Dissanayake. work with vigour to revive the pandemic and protect its people. to slow the spread of the virus by tems, strengthening health care facili- (IBRD) through the World Bank The value of the alleged economy. Our support will complement these testing and treating patients, contact ties capacity for emergency response, Group’s COVID-19 Fast-Track Facili- deal was estimated at US$14 He also said that this phe- efforts and help reduce future risks.” tracing of those found positive, limit- improving community engagement ty and a $93.6 million credit from the million. This is in connection nomenon is natural with Sri Signing of the agreements of ing travel, mandatory quarantine for and risk communication and provi- International Development Associa- with a financial fraud that is Lankans, as experienced in Sri Lanka COVID-19 Emergency anyone coming from countries affect- sion of social and financial support tion (IDA), the World Bank’s conces- alleged to have taken place the past, and the banks and Response and Health Systems Pre- ed by COVID-19, closing borders to to households. sional credit window for developing in procuring seven MiG-27 financial institutions should paredness Project took place at the prevent transmission from further Further the project will support for countries. ground attack aircraft for the assist them. Ministry of Finance and Mr. S R travellers, cancelling large gatherings the strengthening national and sub- The Ministry of Health and Indig- Sri Lanka Air Force (SLAF). He added that the Central Attygalle, Secretary to the Minis- and creating awareness. national institutions for prevention enous Medical Services will imple- The suspect was not present Bank has already formulated try of Finance, Economic and Policy The project will focus on limit- and preparedness through strength- ment the project with support from in court yesterday and court policies and the banks and Development and Ms. Idah Pswarayi- ing local transmission of COVID-19 ening the National Institute of Infec- United Nations agencies and other was informed that he was financial institutions have Riddihough, Country Director of the by strengthening capacities of the tious Diseases (NIID), establishment stakeholders engaged in emergency undergoing treatment at Pris- to implement them without World Bank signed the agreements health system for contact tracing, and strengthening of subnational response, prevention, and readi- on Hospital. Further magiste- delay. on behalf of the Government of Sri case finding, confirmation, reporting, emergency operation centers, estab- ness. rial inquiry fixed for May 5. Three injured as police fire on speeding car at checkpoint Three persons were injured Panadura Hospital, one of them had escaped. He was also found ried out regarding these sus- after police opened fire on a has a prior conviction of heroin to be engaged in heroin racket- pects. car that sped past a checkpoint possession in November 2018 eering in July 2018, involved in The other suspect is cur- in Panadura without stopping. and had been arrested by the an assault in December 2018, rently being interrogated by The three injured persons are Panadura South Police. and again in April 2019 he the Egoda Uyana Police and residents of Battaramulla and The other injured suspect had again been arrested by investigations are underway Panadura in the age groups of had been produced in court by the Panadura South Police for to determine if these sus- 18, 20 and 22 years. the Panadura South Police for heroin possession. pects were involved in trans- Of the two injured persons possession of heroin in Novem- These details were revealed porting drugs, the Police receiving treatment at the ber 2018 and remanded, but he during the investigation car- Media said. State Intelligence role in More quarantined curbing Covid-19 commended persons head home Around 312 individu- ly, there are 1,683 persons CAMELIA NATHANIEL SUPPLY LINES CONTINUE UNINTERRUPTED: Essential goods being taken to wholesalers in the Pettah gence Service. After the first patient als who completed the currently at 40 quarantine yesterday. (Picture by Hirantha Gunathilake) With the detection of the first was discovered, more Covid-19 pos- quarantine process were centres. Coronavirus positive patient in Sri itive patients were detected from scheduled to leave for “Arrangements are Lanka, the State Intelligence Ser- Mattegoda, Marawila, Nugegoda, their homes yesterday. also underway as of now vice has made a huge contribution Beruwala, Dehiwala, Colombo-8, Over the past two days to refer some 300 plus to prevent the spread of the virus on Wennappuwa, Ja-Ela, Ratmalana, with the discovery of individuals, believed to the directions of the President and Akurana, Nattandiya, Colombo-4, Covid-19 positive patients have got in contact with Sri Lanka Missions ensure welfare of Overseas Sri Lankans in comparison with other countries Atalugama, Bandaragama, Put- from the Beruwela area the COVID patient who Sri Lanka holds a special place in its talam, Wellampitiya, another from certain actions had to be died on April 01.
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