SRI LANKA ORIGINAL NARRATIVE SUMMARY: 05/10

Date:

  1. PM Dinesh Gunawardena informs Parliament that there is only a “draft” agreement with IMF: agrees to submit it when finalized, to relevant Parliamentary Committees: on 1st September, it was reported that IMF staff and Sri Lankan authorities have reached a staff-level agreement with a 48-month arrangement of about USD 2.9 billion.
  2. Cabinet approves draft Appropriation Bill for 2023:
    Recurrent Expenditure Rs.4,634 bn: Capital Expenditure Rs.3,245 bn.
  3. Stock market trading halted for 2nd consecutive day due to the S&P SL20 index dropping over 5% from previous close: ASPI dips by 413 points (4.28%) to 9237: S&P SL20 drops by 174 points (5.70%) to 2875.
  4. World Bank Country Director Faris Hadad Zervos says he admires the commitment and measures taken by the Government to overcome the economic crisis.
  5. Committee on Public
    Finance chaired by SJB MP Harsha de Silva refuses to approve Order under the Strategic Development Project Act which was scheduled for debate in Parliament: claims
    Board of Investment failed to provide a proper analysis on the matter.
  6. Capital market regulator SEC acts against 16 persons for misconduct that is said to have taken place in the past: such persons warned or subjected to compounding, without an admission of liability, as provided in the SEC Act.
  7. Secret PR campaign said to have been started to clear image of former President Gotabaya Rajapaksa: aim of campaign said to be to convince people that he was misguided in making crucial decisions, by those close to him.
  8. Cabinet spokesman Dr Bandula Gunawardena says the Government will provide lunch for another 1 million school students, with immediate effect.
  9. In an election in Parliament to choose the Chairperson for COPE, SLPP-led Government will field SLPP MP Professor Ranjith Bandara: SJB nominates MP Eran Wickramaratne.
  10. Former President Maithripala Sirisena joins farming community protest organized by the SLFP in Polonnaruwa: Sirisena’s son Daham who is SLFP’s West Polonnaruwa Chief Organiser also joins.

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