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Monday December 5th, 2022

UNFPA appeals for over 10 million dollars to assist Sri Lanka’s vulnerable women

ECONOMYNEXT – The United Nations Population Fund (UNFPA) has made an appeal for 10.7 million US dollars to deliver lifesaving healthcare to more than two million women and girls in Sri Lanka in the next six months, a UNFPA statement said.

Sri Lanka is undergoing its worst economic and financial meltdown since Independence, which has led to severe shortages in the health industry which is affecting the delivery of sexual and reproductive health services, including maternal health care and access to contraception.

A survey conducted by the UN in May 2022 outlined that, “women’s and girls’ vulnerability to violence is increasing at the same time as services including health, police, shelter, and hotlines, are declining due to a lack of financial resources.

“An estimated 215,000 women are currently pregnant, including 11,000 adolescent girls, and around 145,000 women will deliver in the next six months. Approximately 60,000 women may require access to surgical interventions.”

Sri Lanka’s economic crisis has left 6.3 million food-insecure and 6.7 million people not consuming acceptable diets, as per a World Food Programme (WFP) situation report.

In partnership with the WFP, the UNFPA is reaching beneficiaries and delivering vouchers worth 15,000 rupees intended to support pregnant women with food and other essential needs during pregnancy, presently targeting a total of 2,375 pregnant women in Colombo.  Cash and voucher assistance is also being provided to pregnant and lactating women to ensure uninterrupted access to health facilities for safe pregnancy and deliveries, the statement said.

“UNFPA is providing cash and voucher assistance to pregnant women to support access to health facilities – and continues to build the capacity and skills of the extensive midwifery force across the country – but with infrastructure and transportation challenges, childbirth could be a life-threatening, if not fatal, experience for pregnant women unable to access skilled care.”

According to data gathered by the UN Office for the Coordination of Humanitarian Affairs, 5.7 million are in need of financial guidance in battling the economic downfall out of which 1.7 million have been targeted for guidance and 346.9K have been reached out for assistance.

The appeal proposes 10 plans to be followed by the UNFPA;

  • Distribute lifesaving medicines, equipment and supplies, including for emergency and obstetric care and the clinical management of rape and domestic violence, to meet the priority reproductive health needs of 1.2 million people.
  • Supply 10,000 delivery, maternity and dignity kits to women and girls in need, including persons living with disabilities.
  • Provide more than 37,000 women with cash and voucher assistance to access reproductive health and protection services.
  • Ensure 500,000 women receive information on warning signs during pregnancy.
  • Strengthen the capacity of 1,250 midwives to support deliveries in primary health care settings, and for the clinical management of rape.
  • Support 10 shelters to expand services for survivors of gender-based violence.
  • Provide 286,000 women and girls with information on gender-based violence prevention, and available services and support.
  • Support 12,500 women with livelihood programming to reduce the risks of gender-based violence.
  • Provide 4,000 adolescent girls with menstrual hygiene supplies.
  • Lead and coordinate activities to strengthen prevention, protection and referral systems for survivors of gender-based violence.

(Colombo/Aug08/2022)

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  1. sacre blieu says:

    And more so, many women in Sri Lanka have suffered under the hands of animals, where they have been forced to submit to some men with base desire, and this could also be those in uniform. Even when they go to the police to complain they are subject to utter pressure and force. Some have been scarred by such experiences and the culprits have been allowed to escape justice. An incident of such is observed in many places and recently in the Kalubovila canal zone area, by a drug addict. So, who will guarantee their safety after hours when they return from work? Most of them seek out a living and with what they take home is hardly enough to survive.

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  1. sacre blieu says:

    And more so, many women in Sri Lanka have suffered under the hands of animals, where they have been forced to submit to some men with base desire, and this could also be those in uniform. Even when they go to the police to complain they are subject to utter pressure and force. Some have been scarred by such experiences and the culprits have been allowed to escape justice. An incident of such is observed in many places and recently in the Kalubovila canal zone area, by a drug addict. So, who will guarantee their safety after hours when they return from work? Most of them seek out a living and with what they take home is hardly enough to survive.

Sri Lanka proposed power tariff not to recover past losses: Minister

ECONOMYNEXT – The government has not proposed a power tariff increase to recover past losses, Minister of Power and Energy Kanchana Wijesekera in response to a statement attributed the head of the power regulator commission.

“The proposal that was presented was for an automatic cost reflective tariff mechanism to be implemented to supply uninterrupted power & to recover the current cost of power supply,” Minister Wijesekera said in twitter.com message.

“Govt has not proposed to recover past loses of CEB from a tariff revision…”

The cabinet of ministers had given the nod tariff revisions twice a year to prevent large losses from building up as in the past.

The Public Utilities Commission has disputed costs protected for the power utility saying the petroleum utility was keeping large margins in selling fuel.

The government in a budget for 2022 also proposed to tax surcharge to recover losses.

The regulator also disputed power demand forecasts.

Also read; Sri Lanka regulator disputes CEB costs, demand projections for 2023

The PUCSL cannot increase tariffs to recover past losses, Chairman Janaka Ratnayake said. (Colombo/Dec05/2022)

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Sri Lanka’s shares gain in mid market trade

ECONOMYNEXT – Sri Lanka’s shares edged up in mid day trade on Monday (05), continuing the positive run for seven straight sessions on news over a possible debt restructuring from Paris Club, analysts said.

All Share Price Index gained by 0.69% or 60.10 points to 8,829, while the most liquid shares gained by 0.96% or 26.59 points to 2,801.

“The market was pushed up over the news of a potential 10 year debt moratorium,” analysts said.

The Paris Club group of creditor nations has proposed a 10-year debt moratorium on Sri Lankan debt and 15 years of debt restructuring as a formula to resolve the island nation’s prevailing currency crisis. 

Related – Paris Club proposes 10-year moratorium in 15-year Sri Lanka debt re-structure: report

The market generated a revenue of 2.1 billion rupees.

Top gainers during 1130 hours were Expolanka, Browns Investment and LOLC.  (Colombo/Dec05/2022)

 

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Sri Lanka bond yields slightly down

ECONOMYNEXT – Sri Lanka’s bond yields were slightly down at open on Monday while t- bills were inactive, dealers said.

The Central Bank’s guidance peg for interbank transactions was at 363.18 rupees against the US dollar, appreciated from 363.19 rupees on Friday.

“Only one bond is being quoted today, and the rest remaining unquoted” a dealer said.

A bond maturing on 15.05.2026 quoted at 29.30/30.00 percent down from 29.50/75 percent at Friday’s close.(Colombo/ Dec 03/2022)

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