Facebook Pixel President assures funding capacity for post-Ditwah recovery | Daily FT - newspaper - Read this story on Magzter.com

Try GOLD - Free

President assures funding capacity for post-Ditwah recovery

Daily FT

|

December 01, 2025

Says State has financial room to begin rebuilding immediately Rs. 30 b already available for urgent expenditure; further funds to be raised through new national recovery fund Emergency regulations enable accelerated reconstruction and sector-wide restoration International partners, private sector and overseas Sri Lankans ready to contribute to recovery effort

President assures funding capacity for post-Ditwah recovery

PRESIDENT Anura Kumara Dissanayake yesterday addressed the nation on the aftermath of Cyclone Ditwah, giving the clearest assurance so far that the Government has the financial capacity and institutional framework to rebuild damaged infrastructure and restore essential services despite the scale of the destruction.

In his statement, the President said Sri Lanka is facing “the largest and most challenging natural disaster in our history” and that the country’s response requires “the most difficult rescue operation in our nation’s history.” He added that although the island had been shaken by the disaster, “the humanity and resilience of our people cannot, in any way, be shaken.”

He said the loss of life was irreplaceable, noting that every individual who died “carried a name, a face, and a story,” and extended sympathy to the affected families.

The President said the State’s first responsibility had been to save lives, mobilising the entire public sector, the Armed Forces, and the Police. “From our Ministry Secretaries to Grama Niladharis at the local level, the entire State machinery has been fully engaged in rescuing affected people,” he said. He acknowledged the work of volunteers and thanked neighbouring and friendly countries for their assistance, including the deployment of relief teams.

MORE STORIES FROM Daily FT

Daily FT

FIU completes key AML/CFT national review, overall risk at 'medium'

THE Financial Intelligence Unit of Sri Lanka (FIU) yesterday said that it has successfully completed the National Risk Assessment (NRA) 2024/25 on Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF), in collaboration with a total of 86 Governmental organisations, regulatory bodies and private sector institutions.

time to read

1 min

March 11, 2026

Daily FT

Oil prices fall as Trump hints Mideast war's ending soon

Asian stock markets jump

time to read

1 min

March 11, 2026

Daily FT

Weak investment climate, policy uncertainty weighing down exporters

The Ceylon Chamber survey finds policy and regulatory uncertainty, labour and energy costs among main constraints cited by exporters.

time to read

1 min

March 11, 2026

Daily FT

CSE rebounds strong 2.17% as global oil prices fall

The Colombo stock market rebounded sharply yesterday after the previous session's panic selling induced by oil prices breaking the $ 100 per barrel barrier due to the Mideast conflict.

time to read

1 min

March 11, 2026

Daily FT

Govt. forms Economic Surveillance Committee to track Middle East conflict impact

THE Government has decided to establish a special Committee on Economic Surveillance to monitor the potential economic fallout from the ongoing conflict in Middle East and recommend policy responses to the Cabinet.

time to read

1 min

March 11, 2026

Daily FT

AIA's Sir Mark tells Sri Lanka: Stabilisation alone will not bring capital back

Addressing SLID forum in Colombo says next stage of growth should rely to capabilities, not conditions

time to read

6 mins

March 11, 2026

Daily FT

Kuwait's Emir warns of unprecedented escalation in region

KUWAIT’S Emir Sheikh Meshal Al Ahmad Al Jaber Al Sabah has said his country has been attacked by a neighbouring State it considers a sister nation despite not allowing its territory or airspace to be used against it.

time to read

1 min

March 11, 2026

Daily FT

Daily FT

Falling global oil prices triggers Secondary Bond market relief rally

Rs. 130 b T-Bill auction in focus ■Rupee appreciates

time to read

3 mins

March 11, 2026

Daily FT

All records broken at the ICC Men's T20 World Cup 2026

During the month-long event, players and teams set new benchmarks at the tournament

time to read

2 mins

March 11, 2026

Daily FT

Daily FT

From sandcastles to survival: Sri Lanka in the age of Trump waves

PREPARATION often matters more than planning in governance and business, especially in critical situations and highly interdependent environments.

time to read

2 mins

March 11, 2026

Listen

Translate

Share

-
+

Change font size