Sunday, February 5, 2023
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SRI LANKA ORIGINAL NARRATIVE: 07/12

  1. President Ranil Wickremesinghe says steps being taken to introduce a “strong new economic system that can face 2050 without implementing economic reforms that offer no solutions to the current economic crisis”.
  2. President Ranil Wickremesinghe says Sri Lanka has offered the East Container Terminal of the Colombo Port to Japan: Colombo Port’s West Terminal has been given to India’s Adani Group to develop as a joint venture after the Govt of previous President cancelled the ECT deal with India and Japan.
  3. World Bank approves Sri Lanka’s request to access concessional financing from the International Development Association: move said to enable Govt to implement reform programme “to stabilize the economy and protect the livelihood of millions of people facing poverty and hunger”.
  4. NFF Leader and MP Wimal Weerawansa says Central Bank is unable to take legal action against exporters who have not repatriated their forex earnings into the country, as the Foreign Exchange Act of 2017 removed the ability of the authorities to take any action against such practices.
  5. Chinese Embassy in Sri Lanka says essential medicines and medical supplies worth Rs.2 bn donated by China to the Sri Lankan people has arrived in a shipment weighing over 255 MT: says China has donated Rs.5 bn worth medicines to Sri Lanka since June.
  6. Energy Minister Kanchana Wijesekara says there could be power cuts between 6 – 8 hours daily from next year if the proposed electricity tariff amendments are not implemented.
  7. Former Fisheries State Minister and SJB MP Dilip Wedaarachchi asks the
    President for a fuel and kerosene subsidy for the fishing community: says the main reason behind the collapse of the fishing industry is the high fuel prices.
  8. Justice Minister Dr. Wijeyadasa Rajapakshe says Govt will formulate new laws to compel the repatriation of billions of US Dollars which have been deposited in foreign countries by exporters: also says the country won’t have to face a forex crisis if that money could be got back.
  9. Representatives of WB, ADB, IMF and AIIB meet President Wickremesinghe: agree and assert that Sri Lanka needs a co-ordinated assistance programme supported by multi-lateral financial institutions.
  10. Report by the Office for the Coordination of Humanitarian Affairs for Asia & Pacific reveals that Sri Lanka continues to face a multi-dimensional crisis compounded by food insecurity, threatened livelihoods, shortages of vital and essential medicines, as well as rising protection concerns.

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