- Resolution said to be promoting reconciliation, accountability, and human rights in Sri Lanka adopted at the 51st session of the UNHRC: Votes for 20, against 7: absentations 20.
- Real economy contracts by 4.8% in the 1H2022: expected to contract in the 2H2022 as well: interest rates have already resulted in additional expenditure of a staggering Rs.540 bn to the government from 1st April to 30th September.
- President Ranil Wickremesinghe makes special statement in Parliament: says Sri Lanka expects to come into an agreement with creditor nations India, China & Japan as soon as possible in order to facilitate debt restructuring.
- Japanese Government official in Tokyo says Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors.
- CB Deputy Governor Yvette Fernando says Sri Lanka’s banks will be re-capitalized if ongoing study shows need: banks face multiple shocks from Covid crisis, rate spikes, bond losses, and bad loans from slowing economy.
- President Ranil Wickremasinghe says USD 2 to 3 bn is expected from restructuring State Owned Enterprises and compensation for the Express Pearl ship disaster; also says 14% of GDP was earned through taxes in 2019, and intends to increase taxes once again to the same level.
- IMF Mission Chief Peter Breuer says IMF is waiting for Sri Lanka to comply with all the applicable IMF policies before taking further steps: confirms IMF reached a staff-level agreement on a 48-month arrangement under the Extended Fund Facility of about USD 2.9 bn.
- SLPP MP Professor Ranjith Bandara elected as Chairman of COPE: receives 15 votes while SJB MP Eran Wickremaratne receives 7.
- Colombo Stock Market reverts to negative territory despite reassurances from the President and Central Bank Governor on the recovery of the economy: ASPI down 1.5%: CSE loses over Rs.300 bn in value in the first 2 market days of October.
- Minister of Public Security Tiran Alles says he has no influence when it comes to appointments of Police officers: asserts all appointments and transfers follow proper procedure.
SRI LANKA ORIGINAL NARRATIVE SUMMARY: 07/10
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