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Lanka has sixth highest food price inflation: World Bank
The World Bank in their latest assessment put out a list of 10 countries with the highest food price inflation. Sri Lanka was ranked at sixth with a percentage of 86%, while Zimbabwe was at the top spot with a staggering 321%.Most notably according to the report Sri Lanka’s food inflation is observed to be worse than that of countries such as Suriname, Rwanda and Iran as well.
Zimbabwe, Lebanon, Venezuela and Turkey ranked first four countries in the assessment while Iran, Sri Lanka, Argentina, Moldova, Rwanda and Ghana were the remaining countries in the list published by the World Bank.
The World Bank in its latest update for the month of October had opined that domestic food price inflation would continue to rise, especially in low and middle-income countries, including African nations.
When faced with probable food shortages at the start of the COVID-19 pandemic, countries actively used trade policy to adapt to domestic demands.As of July, Sri Lanka is experiencing major domestic food supply shortages.Due to fertiliser shortages, agricultural production in Sri Lanka has reduced by 40% to 50%, and there is a scarcity of foreign exchange to purchase food imports.
“Fertilizer and fuel (for land preparation, transport, and harvesting activities) shortages are expected to limit the food supply. Some relief is coming from the first shipment of 44,000 tonnes of urea supported by Indian credit (and 21,000 tonnes is expected to arrive soon). There has been an increase in demand for Indian rice, with roughly 9.6 million tonnes shipped this year,” the assessment stated.
Exporters are rushing to secure letters of credit and have signed contracts to export 1 million tonnes of rice from June to September 2022, fearing that export restrictions may be imposed (as has happened with wheat). Furthermore, food price inflation in Sri Lanka reached 80%.
“Domestic food price inflation remains high around the world. Information between May to August 2022 shows high inflation in almost all low-income and middle-income countries; 88.2 per cent of low-income countries, 91.1 per cent of lower-middle-income countries, and 93 per cent of upper-middle-income countries have seen inflation levels above 5 per cent, with many experiencing double-digit inflation. The share of high-income countries with high inflation has also increased sharply, with about 82.1 per cent experiencing high food price inflation,” the update read.
The bank noted that there has been another increase in fertilizer prices, in addition to increasing energy prices, as policy measures such as export restrictions have limited global fertilizer availability.
“The war in Ukraine has altered global patterns of trade, production, and consumption of commodities in ways that will keep prices at high levels through the end of 2024 exacerbating food insecurity and inflation. High food prices have triggered a global crisis that is driving millions more into extreme poverty, magnifying hunger and malnutrition,” the bank added.
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The guidance of Religious Leaders is essential to strengthen coexistence among communities. — Prime Minister
Prime Minister Dr. Harini Amarasuriya stated that the guidance or religious leaders is essential to further strengthen harmony and solidarity among communities in multicultural areas such as Anamaduwa, where Sinhala, Tamil, and Muslim communities live together.
The Prime Minister made these remarks while addressing the official ceremony of presenting the Sannas Patra to confer the title of Chief Sanghanayaka of the Rajavanni and Kumaravanni two provinces upon Venerable Dharmakeerthi Sri Pangnananda Nayaka Thero of Anamaduwa. The ceremony was held on Wednesday (13) at Sudampaya, Anamaduwa.
The event was held under the patronage of the Anunayaka Thero of the Malwathu Chapter, Most Venerable Niyangoda Vijithasiri Thero. During the ceremony, Prime Minister Dr. Harini Amarasuriya formally presented the official declaration appointing Venerable Dharmakeerthi Sri Pangnananda Nayaka Thero as the Chief Sanghanayaka of the Rajavanni and Kumaravanni provinces. The ceremonial Vijinipatha was presented by Opposition Leader Sajith Premadasa.
Addressing the gathering, the Prime Minister stated:
“Venerable Dharmakeerthi Sri Pangnananda Nayaka Thero of Anamaduwa is a distinguished member of the Maha Sangha who has rendered invaluable service to both the Buddha Sasana and the education sector through the country nearly 50 years of monastic life and 35 years of service as an educator.
His service is not confined merely to religious observances. He has sheltered the children and people of the area in times of both hardship and happiness. In particular, it is important to remember the humanitarian leadership he demonstrated in providing relief to the people of the Puttalam District affected by cyclone Ditwah, which became a source of strength for the entire region.
His dedication towards restoring and preserving historic religious sites, including the Paramakanda Rajamaha Viharaya, for future generations is commendable.
As the government strives to lead the country towards ’a new era of renaissance’ built upon compassion and solidarity, the guidance and blessings of religious leaders such as him are of immense value to the government”.
The occasion was graced by the presence of members of the Maha Sangha representing the three Nikayas, clergy of other religions, and attended by the Governor of the North Western Province, Minister of Public Administration, Provincial Councils and Local Government Chandana Abayarathna, Diyawadana Nilame Nilanga Dela Bandara, Members of Parliament, government officials, and a large number of devotees.
[Prime Minister’s Media Division]
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Special Coordination Committee meeting for Badulla District chaired by the President
A Special Coordination Committee meeting for the Badulla District was held on Wednesday (13) afternoon at the Badulla District Secretariat under the patronage of President Anura Kumara Dissanayake to review the progress of measures taken to restore normalcy to the lives of people affected by the cyclone “Ditwah” and to develop infrastructure in the district.
As a result of the disaster situation, 90,667 individuals belonging to 26,517 families in the Badulla District were affected. A total of 77 estate houses and 507 rural houses suffered complete damage. In addition, 1,376 estate houses and 1,474 rural houses have been identified as high-risk dwellings. Accordingly, the total number of families that need to be resettled in the Badulla District is 3,434. During the meeting, the President inquired separately at divisional secretariat level about the resettlement process and the issues that had arisen.
Special attention was also given to the speedy release of state lands currently occupied by private companies, which have been proposed for resettlement purposes. The President instructed officials to commence housing construction work immediately after reaching agreement among the relevant institutions regarding the release of these lands.
The President further emphasized the need to expedite the resettlement process and stated that authorities should move beyond reports and plans and ensure that people who lost their homes gain confidence and hope in owning a new house.
The President also instructed that people who are hesitant about relocating to different lands should be given time until June 15 to make a decision.
The President separately reviewed the progress of compensation payments to affected people in the Badulla District, including compensation for loss of livelihoods, compensation for small and medium-scale business establishments, housing rental assistance and compensation for loss of life.
Attention was also drawn to the process of removing sand and rocks deposited on paddy fields and agricultural lands due to the disaster. It was decided to provide an allowance of Rs. 25,000 per acre for this purpose and to implement the programme with the support of farmer organizations.
Special focus was also given to the development of roads in the Badulla District damaged by the disaster. The President instructed that work on all 21 affected roads under the Road Development Authority be completed within this year.
The President also inquired about the programme being carried out for provincial road development and the required allocations and instructed officials to prepare and submit estimates for the necessary funding for all those roads.
The President further instructed officials not to consider financial constraints as an obstacle in restoring normal life for those affected by the disaster. President Dissanayake stated that the district should recover from the destruction caused by the cyclone within this year and be prepared to restart the Badulla District development programme from next year onward.
Also attending the meeting were Badulla District Coordination Committee Chairman and Minister of Plantation and Community Infrastructure, Samantha Vidyarathna; Co-Chairman and Uva Province Governor, Attorney-at-Law Kapila Jayasekara; Deputy Minister of Tourism, Ruwan Ranasinghe; Deputy Minister of Youth Affairs, Dinidu Saman Hennayake; Members of Parliament Kitnan Selvaraj and Ravindra Bandara; the Mayors of Badulla and Bandarawela Municipal Councils; Chairpersons of Local Councils; public representatives; the Chief Secretary of the Uva Province; the District Secretary; government officials of the Badulla District; Heads of relevant Departments; and representatives of the security forces.
(PMD)
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SJB flays PUCSL for shifting coal scandal losses to electricity consumers
Alleging that the Public Utilities Commission of Sri Lanka (PUCSL) has shifted the massive losses, caused by the coal scam, to the hapless public, Opposition and SJB Leader, Sajith Premadasa, has questioned the conduct of the regulator, noting that it is mandated to protect the interests of both the service provider and the consumers.
Premadasa alleged that the PUCSL ignored the representations made by the SJB on behalf of local industries.
Premadasa said that the PUCSL had authorised the latest 18% increase, in response to the request made by the recently established National System Operator (Pvt) Ltd (NSO), on behalf of the NPP government.
The PUCSL was established in terms of the Public Utilities Commission of Sri Lanka Act, No. 35 of 2002. Although the PUCSL was supposed to function as a multi-sector regulator for electricity, water services and petroleum industries, successive governments refrained from bringing water services and petroleum industries under its purview.
The Opposition leader alleged that the PUCSL did the bidding of the government.
Since January this year, PUCSL has increased electricity tariffs on three occasions. The latest came into operation on 11 May.
The PUCSL consists of Prof. K. P. L. Chandralal (Chairman), Engineer Piyal Henanayake (Deputy Chairman), Dr. M.C.S. Fernando, and Lilantha Samaranayake, PhD.
Premadasa said that instead of taking tangible measures to recover the unbearable losses caused by the coal scam, the government burdened the entire country through the PUCSL.
“Don’t forget that the government is shielding its henchmen responsible for the coal scam at the expense of the country,” MP Premadasa said, pointing out that there couldn’t have been any dispute over their culpability, after the National Audit Office (NAO) found fault with the Energy Ministry for granting the tender for the supply of coal for the 2025/2026 season to a company not qualified even to participate in the tender process.
The SJB leader declared that the resignation of Energy Minister, Kumara Jayakody, and its Secretary, Prof. Udayanga Hemapala, in the immediate aftermath of Parliament defeating a no-faith motion against the Minister was meant to protect the ruling party.
The PUCSL has stated that the NSO received Rs 15 bn from the government to grant relief to 95% of the consumers. “How could the PUCSL justify unbearable electricity tariff increases for the remaining 5% of the consumers, knowing very well that it will destabilise key sectors in the economy?” a power sector expert said.
By Shamindra Ferdinando
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