Sri Lanka Original Narrative Summary: 09/10

Date:

  1. Former President and leader of the SLPP Mahinda Rajapaksa makes public address for the first time since resigning as PM: assures support to President Ranil Wickremesinghe.
  2. Estimates from economists and maritime law experts said to suggest that Sri Lanka can claim over USD 1 billion in compensation for maritime pollution caused by MV X-Press Pearl: President Wickremesinghe says when Government receives the compensation, it will fortify Central Bank’s reserves.
  3. President Ranil Wickremasinghe says Sri Lanka will impose deposit rate caps in a bid to bring down interest rates: also says price controls on consumer goods is also planned: CB Governor Dr Nandalal Weerasinghe says he is not aware of the move.
  4. CB Governor Dr Nandalal Weerasinghe says economy stabilized: suggests sharp economic recovery in 2023: official data shows inflation at near 70%: growth @ minus 8.5%: T-Bill interest >32%: money printing @ Rs.3.4 bn per day (previously Rs.2.2 bn): Rupee @ 3rd highest depn in the world: fuel rationed: & infrastructure projects stopped.
  5. Oil supplier BB Energy threatens to cancel fuel supply contract if Sri Lankan authorities fail to make balance payment: further exacerbates crippling fuel crisis in the country.
  6. PM Dinesh Gunawardena says Sri Lanka will fulfill pledges made to the UNHRC: confirms steps are being taken to release the remaining LTTE detainees: also says the abrogation of the Prevention of Terrorism Act has also reached the final stage.
  7. Former Foreign Minister Professor G L Peiris says Sri Lanka lost support at the UNHRC because it did not keep its word on the pledges made earlier: points out that even Qatar, UAE, Indonesia and Malaysia abstained from voting.
  8. SLPP National List MP Gevindu Cumaratunga says the postponement of the 2-day
    debate and vote on the proposed 22nd Amendment to the Constitution, would further erode public confidence in the Parliamentary system.
  9. Cabinet to consider proposal for Sri Lanka to revert from a middle-income country to a low-income country: intention to obtain concessionary funding from the World Bank.
  10. Health Ministry says expiry date of 31st October 2022 on the stock of Pfizer vaccines is drawing closer: also says nearly 7 million doses remain unused: urges public to get their respective first or second booster doses before the vaccines expire.

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