Saturday, October 19, 2024
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Sri Lanka Original Narrative Summary: 21/11

  1. US Analysts say Sri Lanka will miss December deadline and will have to wait till March’23 to secure IMF loan of USD 2.9 bn over 4 yrs in 8 tranches: also say that’s because China which holds USD 7 bn out of the total debt of USD 36 bn, has shown little interest in “restructuring” Sri Lanka’s debt.
  2. Western-funded “Advocata Institute” in Colombo selected as recipient of USD 100,000 award granted by “Templeton Religion Trust”: Advocata has been regularly proposing privatisation and “debt restructuring”, and its key analysts have been leading the call for a debt default by Sri Lanka.
  3. Former Finance Minister and SLPP National Organizer Basil Rajapaksa returns to Sri Lanka after a USA visit: large group of SLPP members including several senior MPs and former Cabinet Ministers, welcome him at the airport.
  4. President Ranil Wickremesinghe says measures to strengthen the economy under a 5-year plan have been proposed in Budget 2023: asserts these have the potential to bring about a “transformative economic change” between 2023 and 2027.
  5. CB Governor Dr Weerasinghe says Sri Lanka would not be in this situation if the economy had been managed by “knowledgeable” persons: analysts say Weerasinghe served as Senior Deputy Governor for over 9 years upto 2021: also say that, under his watch, from 2015 to 2019, ISBs of USD 10 bn (net) were issued at near 8% interest rates which led to the crisis.
  6. Former Transport Secretary and top Economist Dr Lalithasiri Gunuruwan says Sri Lanka borrowed a staggering USD 4.4 bn in ISBs in 2019 which caused the economy to become vulnerable: at that time, Dr Indrajith Coomaraswamy was Governor and Dr Nandalal Weerasinghe was the Senior Deputy Governor.
  7. Former Health Minister Dr Rajitha Senaratne says the Budget 2023 proposal to cultivate cannabis for export as medicine is a positive move: also says he submitted a Cabinet paper when he was the Health Minister to empower the Security Forces to do so.
  8. Agriculture Ministry Secretary Gunadasa Samarasinghe approves Gazette lifting the 7-year ban on Glyphosate: Glyphosate is used for weed-control in crops such as rice, maize, tea, and rubber.
  9. SLPP “independent” MP Professor G L Peiris says PM’s recently appointed National Delimitation Committee chaired by former Elections Commissioner Mahinda Deshapriya is illegitimate and lacks legal authority.
  10. Legendary Cricketer Kumar Sangakkara’s wife Yehali “testifies” at the Bethany Christian Life Centre that her husband’s victories and achievements were due to God’s blessings: says credit for Kumar’s performances must be attributed to God.

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