{"id":94218,"date":"2022-06-24T06:04:02","date_gmt":"2022-06-24T06:04:02","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=94218"},"modified":"2022-06-24T06:04:02","modified_gmt":"2022-06-24T06:04:02","slug":"sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake\/","title":{"rendered":"Sri Lanka-News as of 24th June 2022 &#8211; By Dr Harold Gunatillake"},"content":{"rendered":"<p style=\"text-align: center;\"><span style=\"font-size: 24px; color: #800080;\"><strong>Sri Lanka-News as of 24th June 2022 &#8211; By Dr Harold Gunatillake<\/strong><\/span><\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-77916\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/11\/Harold-Gunethilake.jpg\" alt=\"Harold-Gunethilake\" width=\"160\" height=\"160\" \/><\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/lW_zo5FCoQQ\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Sri Lanka\u2019s economy \u2018has completely\u00a0 collapsed\u2019, says despairing PM<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Transcript: <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">India stands ready to help Sri Lanka in quick economic recovery through promoting investments, connectivity and strengthening economic linkages,\u201d Indian foreign ministry spokesman Arindam Bagchi posted on Twitter.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Sri Lanka\u2019s prime minister says its debt-laden economy has collapsed after months of food, fuel and electricity shortages, and the South Asian island nation cannot even purchase imported oil.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cWe are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy has completely collapsed. That is the most serious issue before us today,\u201d Prime Minister Ranil Wickremesinghe told Parliament on Wednesday.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cCurrently, the Ceylon Petroleum Corporation is $700 million in debt,\u201d he told MPs. \u201cAs a result, no country or organisation in the world is willing to provide fuel to us. They are even reluctant to provide fuel for cash,\u201d he said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cWe need the support of India, Japan and China, who have been historic allies,\u201d he said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Finance and Corporate Affairs Minister of India. Nirmala Sitharaman assured the High Commissioner of Sri Lanka to India, Milinda Moragoda, of her full support and cooperation in the process of economic recovery in Sri Lanka.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The Minister of India gave this assurance when High Commissioner Moragoda called on her (20th June) evening at the Ministry of Finance in New Delhi.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">This was the latest of a series of meetings High Commissioner Moragoda has had with Minister Sitharaman on Indian economic cooperation and assistance to Sri Lanka in the context of the present crisis.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">High Commissioner Moragoda once again thanked Minister Sitharaman for the continuation of assistance that India is extending to Sri Lanka, and particularly for expeditiously arranging a separate line of credit of 55 million USD, granted on 10 June, to import 65,000 MT of urea required for the current cultivation season in Sri Lanka.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">In response, Minister Sitharaman assured High Commissioner Moragoda of her full cooperation in the economic recovery process in Sri Lanka while expressing the hope that Sri Lanka would recover very soon, given the resilience of her people.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Earlier in the day, High Commissioner Moragoda had also met with the External Affairs Minister of India, Dr S. Jaishankar, to discuss the way forward regarding Indian assistance in stabilising and recovering the ailing Sri Lankan economy.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>India\u2019s foreign secretary says New Delhi will support the crisis-hit island beyond the promised $4bn in loans, swaps and aid.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Indian and Lankan officials discuss the promotion of the Indo-Lankan investment partnerships.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Colombo, 23 June (news in. Asia), A high-ranking Indian delegation, including Vinay Kwatra, Foreign Secretary, discussed Thursday with President Gotabaya Rajapaksa, Prime Minister Ranil Wickremesinghe the economic situation in Sri Lanka and the ways it is being addressed.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">They discussed promoting Indo-Lankan investment partnerships in various areas, including connectivity and renewable energy, as part of their efforts to strengthen Sri Lanka\u2019s and India\u2019s economies.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The Indian delegation left New Delhi with Ajay Selth, Secretary, Department of Economic Affairs and Dr V. Anantha Nageswaran, Chief Economic Advisor, and Kartik Pande, Joint Secretary, Indian Ocean Region Ministry of External Affairs.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The two sides had a detailed discussion about the Sri Lankan economy and the efforts of the Government of Sri Lanka toward economic recovery. Both sides stressed the importance of promoting the India-Sri Lanka investment partnership, including connectivity, renewable energy, and deeper economic linkages.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">8th International Yoga Day celebrations were held under the patronage of Prime Minister Ranil Wickremesinghe at Independence Square today (21).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The Prime Minister and several other Ministers also participated in the exercise. The Sri Lankan PM termed yoga an invaluable Indian tradition to attain physical, mental and social well-being. These are some of the pictures of that event presented to you.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">IMF team arrives in Sri Lanka as crisis worsens<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">IMF team discuss bailout options in Sri Lanka amid economic crisis and social unrest Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">An International Monetary Fund (IMF) team arrives in Sri Lanka Monday for talks on a bailout programme. Still, time is short for a country, just days from running out of fuel and likely months from getting any relief money.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The IMF team, visiting Colombo through June 30, will continue recent talks on what would be Sri Lanka\u2019s 17th rescue programme, the IMF said on Sunday.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cWe reaffirm our commitment to support Sri Lanka at this difficult time, in line with the IMF\u2019s policies,\u201d the global lender said in a statement.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement and a fast track for IMF board disbursements. But that typically takes months, while Sri Lanka risks more shortages and political unrest.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cEven if a staff-level agreement is reached, final programme approval will be contingent upon assurances that official creditors, including China, are willing to provide adequate debt relief,\u201d said Patrick Curran, senior economist at a US<\/span><br \/>\n<span style=\"font-size: 16px; color: #000000;\">investment research firm. As reported in Aljazeera.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Dhammika Perera was sworn in as a PM.<\/strong> <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Businessman Dhammika Perera has been sworn in as a National List Member of Parliament for the Sri Lanka Podujana Peramuna today. That was before Speaker Mahinda Yapa Abeywardena when Parliament convened today.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Dhammika Perera has been appointed as the National List Member of Parliament for the Sri Lanka Podujana Peramuna (SLPP) to fill the vacancy left by the resignation of former Minister of Finance Basil Rajapaksa.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Five petitions had been filed in the Supreme Court challenging Dhammika Perera&#8217;s appointment as a Parliament Member. The Supreme Court yesterday decided to dismiss the petitions without hearing them. Dhammika Perera is one of the wealthiest people in the country.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">He is now 55 years old and owns nearly 23 companies, including private financial institutions.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Dr Pethiyagoda appointed Senior Policy Advisor to Opposition Leader<\/strong> <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">One of Sri Lanka\u2019s leading naturalists and a taxonomist on freshwater fish of Sri Lanka, Dr Rohan Pethiyagoda, has been appointed as Senior Policy Advisor to Opposition and SJB Leader Sajith Premadasa.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Following the appointment, Premadasa said: \u201cClimate change is a real concern, and for any policy, its ecological impact has to be well understood; we believe his expertise will matter greatly in making balanced decisions.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Sri Lanka cabinet moves to clip President Rajapaksa\u2019s powers <\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Cabinet approves amendment to the constitution to appease protesters calling for\u00a0 President Gotabaya Rajapaksa to quit.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The Sri Lankan cabinet has approved constitutional reforms that will limit the president\u2019s powers to appease the protesters calling for President Gotabaya Rajapaksa to quit the country\u2019s worst economic crisis in decades.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The decision to amend the constitution to clip the president\u2019s wide-ranging powers was taken in a cabinet meeting on Monday, Dinouk Colombage, media adviser for Prime Minister Ranil Wickremesinghe, told Al Jazeera on Tuesday.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">In conclusion, I would like to say that our big brother India would be ready to secure\u00a0 bridging finance until the IMF facility becomes a reality.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">This is a tremendous relief for our suffering brothers and sisters in Sri Lanka. I hope this video presentation was helpful.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Please stay safe and say goodbye until we meet again.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Disclaimer:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The information contained in this article is for general information purposes only, and whilst the author will endeavour to keep the information up to date and correct, eLanka makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the eLanka website or the information, products, services, or related graphics contained in this article for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In otherwords, eLanka In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website \/ article. Also please note that through this website \/ web page articles you are able to link to other websites which are not under the control of eLanka and therefore we have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka-News as of 24th June 2022 &#8211; By Dr Harold Gunatillake Sri Lanka\u2019s economy \u2018has completely\u00a0 collapsed\u2019, says despairing PM Transcript: India stands ready to help Sri Lanka in quick economic recovery through promoting investments, connectivity and strengthening economic linkages,\u201d Indian foreign ministry spokesman Arindam Bagchi posted on Twitter. Sri Lanka\u2019s prime minister says [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":94219,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20,1103],"tags":[44168,45262,45261,45260,4743,34422],"class_list":{"0":"post-94218","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"category-dr-harold-gunatillake","9":"tag-arindam-bagchi","10":"tag-dr-s-jaishankar","11":"tag-milinda-moragoda","12":"tag-nirmala-sitharaman","13":"tag-ranil-wickremesinghe","14":"tag-south-asian-island","15":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sri Lanka-News as of 24th June 2022 - By Dr Harold Gunatillake - eLanka<\/title>\n<meta name=\"description\" content=\"Sri Lanka\u2019s economy \u2018has completely\u00a0 collapsed\u2019, says despairing PMTranscript:India stands ready to help Sri Lanka in quick economic\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri Lanka-News as of 24th June 2022 - By Dr Harold Gunatillake\" \/>\n<meta property=\"og:description\" content=\"Sri Lanka\u2019s economy \u2018has completely\u00a0 collapsed\u2019, says despairing PMTranscript:India stands ready to help Sri Lanka in quick economic\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-24T06:04:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2022\/06\/sri-lanka-news-as-of-24-th-june-2022-e1656050629206.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"178\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"eLanka admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eLanka admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake\/\"},\"author\":{\"name\":\"eLanka admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\"},\"headline\":\"Sri Lanka-News as of 24th June 2022 &#8211; By Dr Harold Gunatillake\",\"datePublished\":\"2022-06-24T06:04:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake\/\"},\"wordCount\":1399,\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-news-as-of-24th-june-2022-by-dr-harold-gunatillake\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2022\/06\/sri-lanka-news-as-of-24-th-june-2022-e1656050629206.png\",\"keywords\":[\"Arindam Bagchi\",\"Dr S. 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