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July 25, 2016    Reading Time: 2 minutes

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Prime Minister of Nepal steps down. Image credit - dimaberkut  / depositphotos

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World Bank provides development loan

The World Bank has approved a loan of USD 55 million to develop and improve the standard of living in Jaffna.

The loan will cover the improvement of urban services and the preservation of cultural and environmental assets. A recent World Bank study has identified Jaffna as a ‘rapidly growing, single-city agglomeration in the Northern Province’.

Gemfields aids gemstone sector

Gemfields PLC, a multinational natural resources company, based in London, has chosen to support the Sri Lankan gemstone industry by establishing an organised supply chain.

Sri Lankan gems will be accessible to international buyers through Gemfields’ auctioning platform. They have also offered Sri Lanka technical assistance in the form of proprietary grading systems and market methodologies.

Military vessels dock in Colombo

The 13th Marine Expeditionary Unit, on board the USS New Orleans, has arrived in Sri Lanka for a port visit. The Marine Expeditionary Unit aims to increase bilateral ties with the Sri Lankan Navy by providing support and training for humanitarian assistance and disaster relief.

The Royal Omani Navy ship ‘Khassab’ and two Japanese vessels and have also docked in Colombo, for replenishment.


Nepal PM steps down

The Prime Minister of Nepal, K. P. Oli, has resigned prior to the no-confidence vote brought against him by the Nepali Congress party and the CPN-Maoist Centre party.

Mr. Oli is accused of not upholding a power-sharing deal and of failing to address the political concerns of Nepal’s ethnic Madhesi minority. This is the 23rd Nepali government to fall since the establishment of multi-party democracy in 1990.

UN authorises chemical weapon transfer from Libya

The UN Security Council has adopted a resolution authorising the transfer of chemical weapons out of Libya for destruction. The resolution follows a call for international assistance to help Libya’s national unity government expedite the destruction of its remaining chemical weapons, by the Organisation for the Prohibition of Chemical Weapons.

The Security Council also welcomed the recent efforts to advance the implementation of the Libyan Political Agreement and the role played by the UN Support Mission in Libya.

ASEAN breaks South China Sea deadlock

A deadlock within ASEAN has been broken, after the Philippines dropped its request for a joint statement mentioning the Permanent Court of Arbitration’s legal ruling on the South China Sea.

The ASEAN group was previously unable to reach a consensus, as Cambodia blocked the Philippine’s request.

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