SRI LANKA ORIGINAL NARRATIVE SUMMARY: 02/11

Date:

  1. Energy Minister Kanchana Wijesekera says Sri Lanka is struggling to procure country’s requirement of fuel: data shows procurement now limited to about 60% of usage in March 22: suppliers demand upfront payments after debt default.
  2. Police Sergeant attached to the Kebithigollewa Police
    who was assaulted by residents of Rambakepuwewa village whike investigating the death of a person killed by an elephant attack, succumbs to his injuries.
  3. Cabinet requests Finance Ministry’s Public Enterprise Restructuring Unit to submit recommendations for restructuring SriLankan Airlines and its subsidiaries.
  4. President Ranil Wickremasinghe says Sri Lanka unlikely to finalise IMF deal by December as originally expected: cites delays in dealing with China and India which are out of the Paris Club: by December, it will be 9-1/2 months since seeking IMF help: since then, all bilateral lenders have withdrawn funding to Sri Lanka.
  5. Analysts say Sri Lanka Rupee has been “fixed” around Rs.365 per USD for more than 5-1/2 months since 12th May 2022: IMF pressure to release the “peg” likely before an IMF programme commences: a wave of price increases and inflation to result.
  6. SJB MP Lakshman Kiriella warns worsening economic hardships of the middle class paves way for social disturbances and violence: laments the middle class can’t cope with increased taxes and tariffs.
  7. JVP Political Bureau Member K D Lal Kantha says the National People’s
    Power is not prepared to carry out any struggle with the SJB.
  8. Several business chambers request all parties to call off protests that could undermine the resolution of the current economic crisis with the support of the international community: previously, many businesses had actively supported the Galle Face protests.
  9. Reports emerge that Booker Prize winner Shehan Karunatilaka has substantially plagiarized his book from Rajpal Abeynayake, newspaper editor and Attorney at Law.
  10. Sri Lanka win ICC T20 WC, Group 1 match against Afghanistan by 6 wickets: AFG – 144/8 (20 overs): SL – 148/4 (18.3 overs).

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