Saturday, June 22, 2024

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Sri Lanka Original Narrative Summary: 12/12

  1. Finance Ministry says Sri Lanka is seeking funds from India, Japan, Singapore or some other donor agency totalling USD 850 mn as “bridging finance” until the IMF facility is approved in the New Year: on 12th April, the pipeline of external inflows of USD 10,700 mn was lost upon making the default announcement.
  2. State Finance Minister Shehan Semasinghe says the World Bank and ADB have informed their inability to further lend to Sri Lanka until debt is made “sustainable” and the macro-fiscal stability is restored: also says the two agencies are considering alternate ways to assist.
  3. President Ranil Wickremasinghe says Sri Lanka will launch its mitigation of climate change initiatives next year: also says a Climate Change Office has been set up.
  4. Govt to consider investing Local Govt and public funds to invest in new companies which are expected to be placed under the Ceylon Electricity Board under the new restructuring process to be adopted by the CEB.
  5. MP Sajith Premadasa unanimously re-elected as the leader of the Samagi Jana Balawegaya at the Party’s annual conference.
  6. State Minister of Education Aravind Kumar says all Govt & Govt approved schools which were closed due to bad weather on Friday, will reopen today.
  7. Consignment of 91,000 MT of Murban crude oil which arrived in November begins to unload in keeping with the new procurement modality, which the Govt introduced last month to circumvent the forex shortage and the incurrence of demurrage when tankers remain offshore.
  8. President Ranil Wickremesinghe to formulate a road-map for the Party leaders’ talks on ethnic reconciliation.
  9. Rotary International’s President Jennifer Jones arrives in Sri Lanka on a 4-day visit.
  10. President of the Bar Association Saliya Pieris calls on people to stop waiting
    for a saviour and work hard to strengthen institutions that could ensure the protection of their rights: asks people to fight bravely for their rights.

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