තායිලන්තයේ රැකියා ලබාදෙන බව පවසා පුද්ගලයින් ලාඕසයේ අතරමං කිරීමේ ජාවාරමට සැකපිට ජාතික ජන බලවේගයේ ප්‍රාදේශීය සභා අපේක්ෂකයා අත්අඩංගුවට

March 9th, 2023

manusha media

තායිලන්තයේ රැකියා ලබාදෙන බව පවසමින් පුද්ගලයින් සංචාරක වීසා මත ලාඕසයට රැගෙන ගොස් අතරමං කර රුපියල් ලක්ෂ විස්සකට ආසන්න මුදලක්  වංචා කිරීමේ චෝදනාව මත විමර්ශන අංශ මගහරිමින් සිටි අම්බලන්තොට ප්‍රාදේශීය සභාවේ ජාතික ජන බලවේගයේ අපේක්ෂකයා අද (09) සවස අත්අඩංගුවට ගෙන තිබේ.

මෙම පුද්ගලයා අත්අඩංගුවට ගැනීම සදහා ශ්‍රී ලංකා විදේශ සේවා නියුක්ති කාර්යාංශයේ විමර්ශන අංශය විසින් විමර්ශන කටයුතු සිදුකරමින් සිටි අතර දිගින් දිගටම ඔහු විමර්ශන අංශ මගහරිමින් සිටියේය. ඔහු අද දිනයේදී නීතීඥයෙක් මාර්ගයෙන් ශ්‍රී ලංකා විදේශ සේවා නියුක්ති කාර්යාංශයේ විමර්ශන අංශය වෙත භාරවී තිබූ අතර ඉන් පසු ඔහු මෙසේ අත්අඩංගුවට ගෙන ඇත.

තායිලන්තයේ සමාගමක රැකියා ලබාදෙන බව පවසමින් සංචාරක වීසා මත පුද්ගලයින් ලාඕසයට රැගෙන ගොස් අතරමං කිරීම සම්බන්ධයෙන් ශ්‍රී ලංකා විදේශ සේවා නියුක්ති කාර්යාංශයට පැමිණිලි ලැබීමෙන් පසුව, කාර්යාංශය විසින් විශේෂ විමර්ශනයක් ක්‍රියාත්මක කළේය. ඒ අනුව කාර්යාංශයේ වැටලීම් අංශයේ නිලධාරීන් විසින් ජාවාරමට සම්බන්ධ බවට සැකපිට එක් අයෙක් අත්අඩංගුවට ගෙන හම්බන්තොට මහේස්‍රාත් අධිකරණයට ඉදිරිපත් කිරීමෙන් පසුව රක්ෂිත බන්ධනාගාර ගත කර තිබුණි.

මේ සමග ජාතික ජන බලවේගයේ අම්බලන්තොට ප්‍රාදේශීය සභාවට තරග කරන අපේක්ෂකයාත් අත්අඩංගුවට ගැනීම සදහා විමර්ශන ක්‍රියාත්මක කළ අතර ඔහු දිගින් දිගටම විමර්ශන අංශ මගහරිමින් සිටියේය.

මේ අතර කම්කරු සහ විදේශ රැකියා අමාත්‍ය මනුෂ නානායක්කාර මහතාද අද (09) උදෑසන පාර්ලිමේන්තුවේදී මේ සම්බන්ධයෙන් කරුණු දැක්වූවේය.

ඉන් පසුව මෙම සැකකරු මෙසේ විදේශ සේවා නියුක්ති කාර්යාංශයේ විමර්ශන අංශයට භාරවී ඇති අතර ඉන් පසුව අත්අඩංගුවට ගෙන තිබේ.

අත්අඩංගුවට ගත් සැකකරු හෙට (10) දිනයේදී හම්බන්තොට මහේස්ත්‍රාත් අධිකරණයට ඉදිරිපත් කිරීමට නියමිතව ඇත.

ඇමරිකානු රහස් ඔත්තු සේවා රට බිල්ලට ගෙන සිදුකිරීමට යන මෙහෙයුම ගැන වෛද්‍ය වසන්ත බණ්ඩාරගෙන් ප්‍රබල හෙළිදරව්වක් (වීඩියෝ)

March 9th, 2023

Lanka Lead News

පසුගිය දා මෙරටට ඇමෙරිකානු ගුවන් හමුදා යානා 2කින් පෙන්ටගනයේ නිලධාරීන් 20 දෙනෙකු  පැමිණ ක්‍රියාත්මක කළ ටොප් සීක්‍රට් මිෂන්” එක කුමක්ද? ඔවුන්ගේ මෙරට පැමිණිමට පෙර ශ්‍රී ලංකා රාජ්‍යය ඔවුන් කළමනාකරණය කරනු ලැබූවේ කුමන ආකාරයෙන්ද? යන්න පිළිබදව දේශ හිතෛෂී ජාතික ව්‍යාපාරයේ ලේකම් වෛද්‍ය වසන්ත බණ්ඩාර මහතා ප්‍රබල හෙළිදරව්වක් සිදුකර තිබේ.

සමාජ මාධ්‍ය නාලිකාවක් හා සාම්මුඛ සාකච්ඡාවකට එක් වෙමින් වසන්ත බණ්ඩාර මහතා පවසන්නේ වික්ටෝරියා නූලන්ඩ්ගේ ආගමනයත් සමගම සිදුවූ මෙම ඇමරිකානු රහස් ඔත්තු සේවා නිලධාරීන්ගේ රහස් ගොඩබැසීම මෙරටට දැඩි තර්ජනයක් එල්ල කරන බවයි.

මෙම මෙහෙයුමේ සිටි ප්‍රබලම පුද්ගලයා වන්නේ නේටෝ සංවිධානයේ හිටපු ප්‍රතිපත්ති සහ සැලසුම් අධ්‍යක්ෂක මෙන්ම මේවන විට ඇමරිකානු රාජ්‍ය දෙපාර්තමේන්තුවේ ඉන්දු පැසිෆික් ආරක්ෂාව බාර ලේකම් ගෙට් රෝයල් බවයි වෛද්‍ය වසන්ත බණ්ඩාර මහතා පවසන්නේ.

‘සෝෆා ගිවිසුම‘ මේ වනවිටත් අත්සන් කර ඇති බවද ඔවුන් විසින් මේ මෙහෙයුම හරහා සිදුකරනු ලැබුවේ එක්තරා පෙරහුරුවක් බවද ඒ මහතා පවසයි.

සවිස්තරාත්මක වීඩියෝව නරඹන්න…

IMF’s US$2.9 billion bailout an ‘endorsement’ for Sri Lanka’s economic recovery: analysts

March 9th, 2023
  • Sri Lanka has been waiting since September for the IMF loan, as the broke country seeks a desperate path to recovery
  • People have been struggling to make ends meet and afford basic supplies, with sharp increases in electricity charges and income taxes taking a toll
A vendor waits for customers at his vegetable stall at a main market in Colombo, Sri Lanka, in February 2023. Photo: Reuters

A vendor waits for customers at his vegetable stall at a main market in Colombo, Sri Lanka, in February 2023. Photo: Reuters

The long-awaited IMF financing will not drastically change the trajectory of things” for Sri Lankans struggling with rising costs of living, but it could provide a much-needed confidence boost that the country’s economic recovery is on the right track, experts have said.

The International Monetary Fund (IMF) is expected to give final approval later this month for its US$2.9 billion, four-year bailout package after Sri Lanka had secured financing assurances from China, India and all its major bilateral creditors.

IMF money itself will not drastically change the trajectory of things. But, what is more important is the overall improvement of the sentiment and the confidence built about the programme,” said Chayu Damsinghe, product head of macroeconomic and thematic research at Frontier Research, a Sri Lanka-based macro advisory firm.

Approval would also help release the billions of dollars in bilateral aid and loans that could trigger processes to initiate gradual recovery, even if it did not offer direct help out of the crisis, Damsinghe added.

The sentiment was echoed by government spokesman Bandula Gunawardana, who said: Our problems can’t be solved with this US$2.9 billion, but what is really important for us is the endorsement of the IMF that our economy is now on the right path.”

Sri Lanka was plunged into a debilitating economic crisis last year amid depleting foreign currency reserves, resulting in its 22 million people struggling to access fuel, food and medicine, facing extended blackouts and suffering from soaring inflation.

The island nation has been waiting since September for a US$2.9 billion loan from the International Monetary Fund (IMF) as it struggled to secure adequate debt restructuring terms from China, its largest bilateral lender holding 19.6 per cent of the total government external debt, which was US$45.5 billion as of the end of 2022.

Sri Lankan President Ranil Wickremesinghe on Tuesday said he expected final approval from the IMF in the third or fourth week of this month after he revealed he had secured new support from China for its debt restructuring plans.

When asked about Wickremesinghe’s statement that Beijing had agreed to help, foreign ministry spokesperson Mao Ning said on Wednesday: The Export-Import Bank of China, as the official bilateral creditor, issued a financial assurance letter to Sri Lanka on March 6.

China is ready to work with relevant countries and international financial institutions to play a positive role in helping Sri Lanka cope with its current difficulties, ease its debt burden and achieve sustainable development.”

Sri Lanka bakery forced to cut staff after country’s latest electricity price hike

The IMF programme would enable other important creditors, including the Asian Development and the World Bank, to restart lending, perhaps on better terms”, Damsinghe added, so that Sri Lanka could get a head start on critical reforms such as restructuring state-owned enterprises (SOEs).

According to the government’s 2023 budget speech, 52 major SOEs including Sri Lankan Airlines collectively made an annual loss of 86 billion Sri Lankan rupees (US$260 million) the previous year.

If there is funding for more welfare, then this would also help with the ground-level situation in the short term,” Damsinghe added, referring to the everyday struggles of the people amid rising costs of living.

Last year, funding from the World Bank and Asian Development bank went into buying fertiliser for farmers, and cooking gas for citizens.

Sri Lanka has been maintaining strict controls on imports to save foreign exchange. Fuel is still rationed and essential medicines are in short supply, and while inflation is down from its highs of 70 per cent in September, it is still around 50 per cent.

Professionals and workers in many other sectors have been protesting for months over sharp increases in electricity charges and income taxes to strengthen state revenue, a prerequisite for the IMF package.

Government statistics showed the Sri Lankan economy contracted by 11.8 per cent during the third quarter last year, with industries shrinking by 21.2 per cent.

A World Food Programme (WFP) report published in December 2022 said 36 per cent of Sri Lankan families were food insecure and had to reduce food intake to cope.

People protest over sharp increases in electricity charges and income taxes in Colombo in February 2023. Photo: AFP

People protest over sharp increases in electricity charges and income taxes in Colombo in February 2023. Photo: AFP

Mala Ilukpitiya, a vendor from Hanwella about 30km from Colombo city, sells herbal porridge and other snacks to workers from a nearby garment factory. But she says her daily income of 1,500 rupees (US$4.30) is now under threat.

Now the factory is closed on some days, and also the workers have less money to spend on food, so fewer people buy from me,” Ilukpitiya, 61, said.

Others like Sudarshan Selvarathnam are struggling to cover medical expenses. The 44-year-old from Passara in Sri Lanka’s central hill country lost his job after suffering severe spinal injury that has left him confined to a wheelchair.

The family is now dependent on his wife’s salary of 25,000 rupees. But the increasing living costs mean the family has already exhausted its savings and can barely make ends meet. Selvarathnam is now unable to afford daily medical necessities, or the recommended treatments.

Customers buy plastic cutlery at a market in Colombo. Government statistics showed the Sri Lankan economy contracted by 11.8 per cent during the third quarter last year. Photo: AFP

Customers buy plastic cutlery at a market in Colombo. Government statistics showed the Sri Lankan economy contracted by 11.8 per cent during the third quarter last year. Photo: AFP

I need about 60 diapers per month, [but] they are getting more and more expensive, and I cannot afford them,” he said, adding that he was looking for jobs that would allow him to work from home to ease the financial strain.

Ilukpitiya, the food vendor, said the increases in electricity bills would burden her even more, as her meagre earnings could barely cover essential expenses.

Things come one after another, it is hard to survive,” she said.

Reforms are essential to come out of the crisis stronger – EU

March 9th, 2023

Courtesy The Daily Mirror

While welcoming the progress made on debt restructuring, the European Union today said that reforms are essential to come out of the crisis stronger.

As the EU States gave early financing assurances to the Sri Lanka Government, the Delegation of the European Union to Sri Lanka welcomes the progress made on debt restructuring. Reforms are essential to come out of the crisis stronger. The EU will continue supporting Sri Lankans, including through renewed efforts on social protection,” the EU in Sri Lanka tweeted today.

17 ships sail into Colombo Port turned back due to recent protest by port TUs: Minister

March 9th, 2023

Courtesy The Daily Mirror

Seventeen ships that arrived at Colombo Port turned back due to the recent protest by the port trade unions, Minister of Ports, Shipping and Aviation Minister Nimal Siripala de Silva said today.

He told Parliament that he made a tremendous effort to bring them back to the port and said he only managed to bring only a few of them back.

“I discussed with shipping agencies to bring the ships back to the port. But, I only managed to bring only a few of them,” he said.

The Minister said the protests by the port employees will only result in deviating business of the Colombo port to nearby ports such as India, Dubai and Singapore. 

“If port employees continue to protest, our port will collapse while ports in countries close to us will flourish,” he said.

The Minister said port employees, unlike other state employees, earn a monthly salary or over Rs. 171,000, three meals free of charge, a huge bonus and other benefits. (Ajith Siriwardana and Yohan Perera)

New anti-corruption law in Parliament soon as IMF considers Sri Lanka’s loan

March 9th, 2023

Courtesy The Daily Mirror

  • Cabinet Spokesperson Bandula Gunawardana says new anti-corruption bill will be presented to Parliament soon
  • Says Justice Minister Wijeyadasa Rajapakshe has already drafted bill
  • Reducing corruption vulnerabilities remains a key objective of IMF-backed programme
  • A stolen asset recovery initiative likely to be included in new law

The government will bring in an anti-corruption bill to Parliament shortly, as agreed with the International Monetary Fund (IMF) when entering a staff-level agreement last September, Cabinet Spokesperson Minister Bandula Gunawardana said. 


Introducing new anti-corruption laws to reduce corruption vulnerabilities to unlock Sri Lanka’s growth potential was among the key objectives of the IMF-supported programme agreed with, last September. 


Gunawardana said Justice, Prison Affairs and Constitutional Reforms Minister Wijeyadasa Rajapakshe has already drafted a bill in this regard and it would be shortly presented to Parliament for approval.


After fulfilling all ‘prior actions’, Sri Lanka has now received financing assurances from all its major bilateral creditors to seek the approval of the IMF’s Executive Board for the US $ 2.9 billion loan facility, via the Extended Fund Facility agreed under the staff-level pact.


China’s Exim Bank this Monday gave fresh written financing assurances, expressing its support for Sri Lanka’s debt restructuring efforts. Upon receiving the financing assurance, on the same day, President Ranil Wickremesinghe and Central Bank Governor Dr. Nandalal Weerasinghe signed the Letter of Intent and had sent it to the IMF.  

IMF Managing Director Kristalina Georgieva on Tuesday said she would be taking Sri Lanka’s staff-level agreement to the IMF Executive Board on March 20, for approval. 


The seal of approval from the IMF remains critical for the bankrupt nation to regain confidence from international investors, multilateral funds and other funding sources. It is expected that upon the IMF Executive Board approval, Sri Lanka would receive funds from the World Bank and Asian Development Bank, which have already been lined up.


While the COVID pandemic and economic mismanagement are widely blamed for the current crisis in Sri Lanka, endemic corruption at all levels has also been identified as a key contributor to Sri Lanka’s social and economic turmoil.


Although Sri Lanka already has a substantial amount of anti-corruption laws, their implementation hasn’t been effective, largely due to the politicisation of the law enforcement agencies and anti-corruption bodies. 


Wickremesinghe recently told Parliament that his government, together with the World Bank and United Nations, would include a stolen asset recovery initiative into the new anti-corruption bill that is to be presented to Parliament soon.

Sri Lanka to announce debt restructuring strategy in April – CBSL governor

March 9th, 2023

Courtesy Adaderana

Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the country’s central bank governor told Reuters on Thursday.

The crisis-hit island has secured financing assurances from all its major bilateral creditors, including India and China, and so had set the stage for the IMF to give its final approval for a $2.9 billion, four-year bailout package on March 20, the multilateral lender said on Tuesday.

The bailout is the culmination of months of negotiations as Sri Lanka looks to emerge from its worst economic crisis in more than seven decades.

When you see the staff level agreement published – that will contain our commitment to debt restructuring and that will also reveal medium-term debt targets for us to restore debt sustainability on a long-term basis,” central bank Governor Dr. P. Nandalal Weerasinghe said.

So somewhere in April we will announce … how we are going to meet those medium-to-long-term (debt) targets. That is the next step”.

Weerasinghe said the country would expedite negotiations with commercial creditors and announce the debt restructuring strategy in consultation with them, before finalising the debt restructuring terms.

We are trying to finalise this in about the next six months’ time, so before the next (IMF) review will be completed,” he said.


Source: Reuters
-Agencies

Japan funds 6.6 million to WFP Sri Lanka to improve food security

March 9th, 2023

Courtesy Adaderana

The Government of Japan has contributed an additional US$6.6 million to the United Nations World Food Programme (WFP) to provide critical food and nutrition assistance to over one million Sri Lankans.

Through this funding, WFP will provide families with food baskets comprising rice, pulses and cooking oil, to meet half their monthly food needs for a period of two months. The donation will also be used to procure maize and soybean for the production of Thriposha, a fortified food product, for a period of four months, which will be supplied to pregnant and breastfeeding mothers and young children at risk of malnutrition.

H.E. Mizukoshi Hideaki, Ambassador of Japan to Sri Lanka said, We are pleased to announce that the Government of Japan has decided to provide additional humanitarian support to Sri Lanka in this critical moment. Food aid through WFP by the Government of Japan has reached a total of USD10 million since the economic crisis began last year. This support is being used to provide essential food and nutrition to communities across the nation.”

WFP’s latest surveys indicate that food insecurity is still at a concerningly high level. Seven in every 10 households are adopting negative coping strategies such as cutting back on nutritious food like protein and dairy or skipping meals altogether.

Our biggest concern is for the women and children who are among those affected by the impacts of the economic crisis,” said Abdur Rahim Siddiqui, Representative and Country Director of WFP Sri Lanka. We are grateful for the continuous support from the Government of Japan which enables us to scale up our efforts so that vulnerable communities receive the food and nutrition they need.”

Japan has been a long-standing donor to the Government of Sri Lanka and WFP for over a decade, providing critical assistance in emergencies, while supporting longer-term recovery and development efforts to strengthen food and nutrition security in the country. Japan’s latest funding is an extension of its support to the people of Sri Lanka to help safeguard communities affected by the economic crisis.

WFP has reached over two million people since commencing its emergency operation in June last year and is moving closer to its target of reaching 3.4 million people with food and nutrition assistance.

–WFP–

IMF bailout to help Sri Lanka revive $1.6 billion Japan projects – Report

March 9th, 2023

Courtesy Adaderana

The International Monetary Fund’s anticipated endorsement of Sri Lanka’s reforms and debt restructuring is expected to unlock funding of about 220 billion yen ($1.6 billion) for projects suspended by Japan, people familiar with the matter said.

IMF board approval, when it arrives, should help convince the Japanese government to restart several projects that are in different stages of completion, the people said, asking not to be named as the information is not public. The projects involve a 74 billion yen upgrade to the South Asian island’s main international airport, and others including energy, water supply, rural infrastructure and waste management, the people said. 

Cabinet spokesman Bandula Gunawardana told reporters in Colombo Wednesday that Sri Lanka is expecting a restart of suspended loans, including from JICA. A spokesperson for JICA in Tokyo confirmed the importance of IMF decisions, while declining to elaborate on their effects on Japanese projects in Sri Lanka. 

Resumption of JICA funding will help bolster development financing for the crisis-ridden nation that is looking to turn a corner from its worst economic crisis. While countries such as India continued financing big infrastructure projects despite Sri Lanka defaulting on its overseas debt last year, Japan halted funding, and provided only humanitarian support. 

The IMF said this week that its board will vote on the $2.9 billion bailout on March 20. The approval could also pave the way for financing from other creditors, including the Japan International Co-operation Agency, World Bank and the Asian Development Bank. 

Sri Lanka in Talks With ADB, World Bank for Post-IMF Financing

Sri Lanka may have to sign new agreements, with revised timelines for the loans, the people said, without giving further details. 

Source – Bloomberg
-Agencies

AG’s revision application against release of IUSF convenor fixed for hearing

March 9th, 2023

Courtesy Adaderana

The revision application filed by the Attorney General seeking the nullification of the order issued by the Colombo Chief Magistrate pertaining to the release of the Inter-University Students’ Federation (IUSF) convenor Wasantha Mudalige from charges under the Prevention of Terrorism Act (PTA) has been fixed for hearing on 27 March. 

The decision was announced by the Colombo High Court today (09 March), while a summons has also been issued to Mudalige, requiring him to appear in court on the aforementioned date. 

Mudalige was arrested on 22 August 2022, on charges filed under the PTA, and was released from these charges on 31 January after being detained for 162 days under the PTA, by Colombo Chief Magistrate Prasanna Alwis, on the grounds that the accused was not found to have committed any offices under the PTA. 

The IUSF convener’s legal counsel had previously requested his release on the grounds that there were no sufficient levels of facts or evidence to remand him under the PTA, while many international human rights organizations including Amnesty International and Human Rights Watch had also been calling on the Sri Lankan government to end the arbitrary detention of Mudalige, who was under arrest for five months.

Legislative Standing Committee agrees on 25% of youth representation for LG bodies

March 9th, 2023

Courtesy Adaderana

The Local Government Elections (Amendment) Bill presented by MPs Premnath C. Dolawatta and Imthiaz Bakeer Markar as Private Members’ Bills along with Ministerial reports were considered by the Legislative Standing Committee in Parliament on 28 February.

The Legislative Standing Committee, which took into discussion the said Bill, was chaired by Ajith Rajapakse, Deputy Speaker of Parliament.

Standing Orders 53(4) dictates that No clause that is not in accordance with the basic desire of the Honorable Member presenting a Bill shall be allowed to be included in a Bill.” Accordingly, the committee directed that Bill No. 126 considering the youth representation be re-drafted.

The Committee also instructed the officials of Attorney-General’s Department and Legal Draftsman Department to re-draft Bill No. 160, by substituting the clause pertaining to the need for female representation with that of youth representation, as the former is already included in the Principal Enactment .

Accordingly, the Committee was of the view that 25% of the youth from the aggregate should be represented in the first and second nomination lists of the local government elections.

The Committee thereby directed the officials representing the Legal Draftsmen and the Attorney General’s Departments to re-submit the amended draft of the said Bill before the Committee. 

Ministers Nimal Siripala de Silva, M.U. M. Ali Sabry, State Ministers Janaka Wakkumbura, Sisira Jayakody, Dr. Rajitha Senarathne, Prof. Channa Jayasumana, Ajith Mannapperuma, Sarathi Dushmantha, Ms. Kokila Gunawardena, Milan Jayathilaka, Major Sudarshana Denipitiya, Premnath C. Dolawatte, M. W. D. Sahan Pradeep Withana, Madhura Withanage, Sagara Kariyawasam, Ms. Manjula Dissanayake were present at the Committee meeting held.

A letter from the press secretary asking for money and security

March 9th, 2023

Courtesy Hiru News

Government Printer Gangani Liyanage has sent letters to the Finance Ministry Secretary and the IGP requesting for fuinds and security to print ballot papers.

She said that the relevant letters were taken to the Ministry of Finance and Police Headquarters and handed over.

It is stated in the letter sent by the Government Printer to the IGP that 35 police officers are needed during the day and 28 at night during the period of printing the ballot papers.

Also, it is reported that out of the 500 million rupees estimated by the Government Printing Department for the printing work related to the local government election, only 40 million rupees have been received in cash.

Meanwhile, the Election Commission announced yesterday that it has been proposed to conduct the postal voting for the local government election from the 28th to the 31st of March

TRUE HISTORY OF SEVENTY-FIVE YEARS OF INDEPENDENCE

March 8th, 2023

By Rohana R. Wasala

I concluded a previous article published in Lankaweb on January 28, 2023 (Is recolonisation the final solution II) touching on the deplorable situation that innocent Sri Lankans have been plunged into not only by the current economic crisis but also by the so-called Tamil ethnic problem, both aggravated by unjust direct foreign intervention in Sri Lanka’s internal affairs, subversive NGO activities and various forms of imported religious fundamentalism, with the following words:

The solution is not to try to return to the alleged Utopia that the British are believed by some to have bequeathed to us at independence (for such wasn’t the reality), or to overlook the 1972 change as insignificant, but to make way for the young of the country today to make a correct assessment of what has been achieved and what has not been achieved by the previous generations since independence (who were no less patriotic, no less proactive than them) and forge ahead with new insights, new visions, and appropriate course corrections as our ancestors did during crises to ensure our survival for so long as one people in spite of manifold differences among us.”

Now a large proportion of the young of the country today”, unfortunately, are not aware of the unspoken truth behind the growing political instability and the artificial economic ruin that is engulfing the nation. The criticism often repeated these days that all post-independence governments mismanaged the economy, ruined everything through corruption and did nothing for nation building is not a valid one. It is deliberate disinformation chiefly peddled by anti-national political and religious extremists, that is, Tamil federalists/separatists, and Christian/Catholic and Islamist fundamentalist groups. Ordinary Tamils and Muslims have lived peacefully with the Sinhalese majority as equal citizens of one country for many centuries.  Although extremists are only a handful among the relevant mainstream minority communities, they are a power to reckon with in Sri Lanka’s current besieged condition.

The aforementioned misrepresentations and corresponding misconceptions are accepted as indisputable facts, particularly by the sadly uninformed credulous section of the young population today. They are largely ignorant of the origin of the alleged Tamil ethnic problem and its exploitation by the former colonial powers and their allies to destabilize our little island that is located in a geostrategically and geopolitically sensitive region. The future that the genuinely concerned young people envisage for the country could end up as a mere pipedream unless they make a serious study of what truly happened within the past seventy-five years of independence and shape their strategies, learning from the formidable challenges the older generations had to meet, and the admirable successes as well as the dismal failures that they had experienced in the course of the past three quarters of a century. 

Had these misguided young people including the yellow robed ones among them been properly instructed about the sharp political awareness and inspired activism that the brave youth of their parents’ generation involved in the second JVP insurrection of the 1986-1990 period displayed, they would be ashamed of themselves. Had they learned about the ideologically even more sophisticated fresh young men and women of their grandparents’ time who took to arms in the first JVP rebellion of 1971 against the popular, newly elected left-of-centre United Front government of Mrs Sirima R.D. Bandaranaike without any provocation except a self-denying

revolutionary zeal to force a real system change in the country’s politics, the strange bedfellows of the so-called Galle Face Aragalaya  would have died of self-loathing. 

Of course, it must be remembered that the majority of the Aragalaya protestors were genuine. I would not include among them the handful of religious extremists who staged an ‘Aadaraye Aragalaya’ (Struggle of Love). The authentic agitators were similar to, if not identical with, the countless groups of spontaneously inspired young boys and girls from diverse communities who volunteered to adorn the city walls across the country with beautiful paintings (some with historical themes) to celebrate what they thought was the dawn of a new era with the eagerly awaited ‘system change’ made possible by Gotabaya Rajapaksa’s election as president in 2019. The expectations of the youth of the country were dashed to the ground when president Gotabaya, earlier universally believed to be the iconic leader the country needed to salvage it from the mire of corrupt politics and the Yahapalanaya, Good Governance, misadventure (now conveniently forgotten), failed to deliver due to countervailing internal and external forces assisted, as suspected,  by the treachery of his family as well as his own lack of pragmatic political skills, in spite of his undoubted moral uprightness. These genuine protestors should be distinguished from the few political and religious extremists who wanted to hog media attention by making the loudest noises. 

Corruption among politicians is a fact. ‘Dealer politics’ is also a perennial issue. Mahinda Rajapaksa embodies a striking example of both. He, whose political leadership helped to rid the country of LTTE terrorism, has almost totally nullified the benign results of that success through his horse trading with extremists aimed at perpetuating his family’s ascendancy over Sri Lanka’s political landscape. Corruption charges against him remain yet to be substantiated. But the notoriety he has been already accorded in the media cannot be any worse if the allegations turn out to be true. These evils – corruption in high places and abuse of democracy for selfish gain – must be fixed by the enlightened youth of the country. But the present economic crisis and political instability cannot be totally attributed to these evils alone. Such simplistic generalization in itself is a grave error. It is a graver error, a crime against the nation in fact, to dismiss the history of the past seventy-five years since independence as one of unchecked thievery and erroneous policy making by unpatriotic politicians.   

Within the first two decades after severing ties with the British monarchy, thousands of pure-hearted idealistic young men and women (over 5000 in 1971 and over 60,000 in 1986-90, almost totally from the majority Sinhalese Buddhist community) paid the ultimate price, laid down their lives, in the name of their Motherland. They fought for the country, not for a particular race or community. Their battle cry was: mau bima naeththam maranaya” Motherland or Death”. The 1971 JVP rebellion provided a major stimulus for the government to introduce many progressive measures to build a self-reliant national economy through new state enterprises (such as the tyre and steel corporations, paper mills, sugar mills, and chemical fertilizer plants) as well as through increasing domestic food production. Similarly, the second JVP uprising of 1986-90 became a watershed for a profound change of course in Sri Lankan politics. The deluded, impractical modern day Aragalakarayas who are merely adding to the hardships of  the suffering masses by their exasperating antics must remember that they are by no means pioneers in the struggle for a system change in Lankan politics. (Of course, today’s JVP is not what it was then. Its new leaders do not seem to understand the meaning of simple concepts like nationalism, racism, secularism, religious fundamentalism, culture, and the rest.)

Ceylon (as Sri Lanka was known to the outside world before 1972) was under Christian European domination for roughly four and a half centuries from the beginning of the sixteenth to the middle of the nineteenth century. With the annexation (through conspiracy rather than conquest) of the Kandyan kingdom (or the Kingdom of Sinhale as it was called then) to the British empire in 1815, the whole of the country came under colonial rule. The British left in 1948 having granted Ceylon what was known as dominion status independence. That is, it became one of the “autonomous communities within the British Empire, equal in status, in no way subordinate one to another in any aspect of their domestic or external affairs, though united by a common allegiance to the Crown and freely associated as members of the British Commonwealth of Nations”. It is clear from the Wikipedia definition quoted in the previous sentence that the ‘independence’ given in 1948 was subject to lingering colonial restraints. Full independence was achieved in 1972 through the promulgation of the first republican constitution under the United Front government headed by prime minister Sirima R.D. Bandaranaike.  

In talking about the eventful seventy-five years since 1948, we need to take a quick retrospective look at the immediate pre-independence years. The minority leaders, particularly, Tamil leaders, feared that the majority Sinhalese would dominate the government on the basis of their superior numerical strength to their disadvantage when the proposed Westminster type parliamentary system would come into operation with the departure of the colonial British. It was to avoid such potential Sinhalese dominance emerging that the Ceylon Tamil Congress leader and lawyer G.G. Ponnambalam demanded a 50-50 allocation of parliamentary seats for the Sihalese and all the minorities put together, which was grossly unfair by the former. The proposal was scornfully rejected by the Soulbury commissioners who drafted the independence constitution. Sinhalese leaders headed by D.S. Senanayake assured a government representative of all the communities without discrimination. The aim of his United National Party founded in 1946 was for the various communities in the country to evolve into one Ceylonese nation living in unity. But Tamil leaders always thought in communal terms. They wanted the privileged status that the Tamil elite of the time had enjoyed under the British to continue. But they knew this was going to change after 1948 when the native Sinhalese majority would try to restore their long lost rights. So, S.J.V. Chelvanayagam founded the Ilankai Tamil Arasu Kachchi or Lanka Tamil State Party in 1949. They popularized it as the Federal Party. The misleading English name was meant to conceal the ultimate goal of the party, a separate state for Tamils within the territory of Ceylon/Sinhalay (since this was not possible to achieve within the strong gigantic Union of India where Tamil Nadu, Tamils’ real homeland, lies). 

At independence, the British colonialists left a country that was able to flaunt relatively high economic indices due to volatile external factors associated with the end of World War II in 1945 (such as the increase in the price of rubber exports from Ceylon). A 1948 UN report described the Sri Lankan economy as agricultural and industrially underdeveloped; low productivity and unavailability of resources relative to the country’s population hampered its economic development. The people were socially and communally divided as a result of the imperial policy of ‘divide and rule’. A minuscule minority of citizens that emerged as an English speaking, Westernized and generally Christian elite was privileged over the rest of the downtrodden population. (Today some members of the same class are looking forward to a return to the good old days.) The vast majority of the people lived in grinding poverty then. The reality was a far cry from what (probably the majority of) today’s young people have been brainwashed to believe through propaganda, a pre-independence Utopia of sorts.

The seventy-five year post-independence history of Sri Lanka is the  record of one long national struggle conducted according to democratic norms from the very beginning for the historic goal of building a Sri Lankan nation that stands on its own feet as a single sovereign state that is second to none in the world. In my opinion, six iconic leaders gave leadership to this struggle, whose approaches were different, though the goal remained the same. Prime Minister D.S. Senanayake (1947-52) regarded all citizens as ‘Ceylonese’, not as Sinhalese, Tamils, Burghers, etc who were at loggerheads with each other. He began his national service decades before independence. As minister for agriculture and lands in the State Council in the 1930s, he brought in legislation to bring bare lands into cultivation through irrigation schemes. Under his multipurpose Gal Oya Development project, 250,000 landless peasants were settled in uninhabited areas in the eastern province. Some communal-minded Tamil politicians objected to this to no avail. It was Senanayake who proposed the use of hydroelectricity, as Sri Lanka had no coal or gas for energy production. He was popular among ordinary people of all communities as well as among the British who were leaving. His unexpected death in 1952 removed his sound leadership. Like D.S. before him, S.W.R.D. Bandaranaike (1956-59) was elected at a parliamentary election to lead the nation as prime minister in 1956. He was a true nationalist like Senanayake. As such, he took steps to redress the harsh discrimination that the majority Sinhalese were subjected to under the colonial British. Communalist Tamil leaders vehemently opposed him. Tamil MPs opposed him even when he had the Prevention of Social Disabilities Act No. 21, 1957 passed. The particular act was  meant as a check on caste discrimination, a social evil that was especially severe among their own community. (Some hooligans among the Aragalakarayas at Galle Face wanted to pull down the Bandaranaike statue there for obvious reasons.) It was his widowed wife Sirimavo Bandaranaike (1961-65, 1970-77, 1994-2000) who was able to turn the Dominion of Ceylon into the fully independent Democratic Socialist Republic of Sri Lanka, which was the most profound system change that any post-independence leader ever achieved in the name of the Sri Lankan people (nation). She pioneered certain economic policies, that harked back to the D.S. Senanayake era of agricultural development just as well as they looked forward to a future of local industrial advancement. The austerity measures her government introduced were too much for the people. The opposition made use of the spreading public disaffection with her administration and the emergence of a streak of authoritarianism on her part in undemocratically prolonging the government’s term of office by two years. J.R. Jayawardane (1977-89), who was himself a staunch nationalist like his predecessors, had the second republican constitution promulgated by which he instituted the all powerful executive presidency. The institution of the executive presidency has to date protected the unitary status of the Sri Lankan state. J.R. saw to it that it survived even the Indian imposed 13A, at least tenuously. He introduced the open market economy model for national development. He implemented the Accelerated Mahaweli Programme, the largest multipurpose development project ever undertaken in the history of the country. It was the fruition of an plan proposed by Sirima Bandaranaike as (the world’s first female) prime minister in 1961. Following J.R. Jayawardane, R. Premadasa (1989-93) made history as the first ‘commoner’ to become head of state of Sri Lanka. He got elected as president at a time when the country was literally being torn apart by civil strife by the JVP in the South and by the LTTE in the North. The JVP violently opposed the UNP government of JRJ for giving into Indian expansionist intervention in Sri Lanka). Premadasa himself, though prime minister under Jayawardane, had demonstrated his angry disapproval of the Indo-Lanka accord by absenting himself from the signing ceremony between JR and Rajiv Gandhi. Premadasa put an end to the JVP insurgency in1989 through ruthless violence. The LTTE was mounting terrorist attacks on civilian as well as military targets in pursuit of their dream of establishing a separate state on Sri Lankan territory. On becoming president, Premadasa flatly asked India at a public rally to withdraw the Indian Peace Keeping Force. He was determined to resolve the Tamil problem peacefully as an internal matter. He made peace overtures to the LTTE. He was said to have given arms to the LTTE to fight the IPKF. But finally, Premadasa was assassinated by an LTTE suicide bomber. Mahinda Rajapaksa was able to militarily defeat the LTTE terrorism through his political management skills. But he gravely mismanaged the aftermath through personal hybris as well as family bandyism. Even his nationalist credentials are in doubt now. But his past achievements cannot be forgotten.

The great nationalist achievements of the past seventy-five years, which belong to all the communities that make Sri Lanka their home, are a memorable part of the country’s history, whatever its future is going to be. This truth must be revealed to the global powers – the America-led West, India, and China – who have remained our friends throughout the last seventy-five years and helped us generously in their different ways in spite of their own conflicting national interests. Sri Lanka is indispensable for each of them because of its geostrategic location. The highly cultured peaceful Sri Lankans of diverse ethnicities have been living in peace and harmony for centuries. Disinformation by the few separatists and the handful of religious extremists who are exploiting the misplaced generosity of charitable international donors should not be allowed to prolong the suffering of these innocent people, who pose no threat to any of those powers. All Sri Lankans want the geostrategic location of their island to be a blessing for them, not a curse.

Nuclear Power.

March 8th, 2023

Sugath Kulatunga

In a recent media article with the title’ Govt’s amazing death wish for nuclear plant on Lankan soil’ was typical of selective reporting. It would have been fair by the reading public if the scales of the Chernobyl plant and the proposed Sri Lanka plant were indicated. Chernobyl was of 720 MW capacity. I understand that the proposed units in Sri Lanka would be only of 100 MW. It is noted that the present nuclear submarines and aircraft carriers have 194 MW power units. To complete the picture the information on the current status of our neighbor India could be of relevance.

India currently has 22 operational nuclear reactors in 7 nuclear power plants with an installed capacity of 6780 MW and plans to build more nuclear power plants to increase the production of clean energy. The government has approved five new sites for nuclear power plants to build 10 700-MW pressurized heavy water reactors.

The major nuclear disasters were Fukushima in (2011) and Chernobyl disaster (1986), Since then technology and safety measures have vastly improved. It has been estimated that over a 25 year period in an average town of 150,000 people number of deaths by energy source due to pollution would be as follows:

  • Coal: 25 people would die prematurely every year;
  • Oil: 18 people would die prematurely every year;
  • Gas: 3 people would die prematurely every year;
  • Nuclear: In an average year nobody would die – only every 33 years would someone die.

Let there be a proper cost benefit and risk analysis before rejecting any proposal. There is no need to create a bias.

අපි ඩොලර් වැස්සේ තෙමෙමු

March 8th, 2023

රජිත් කීර්ති තෙන්නකෝන්

ලංකාව මෙයට පෙර අවස්ථා 16 ක ජාත්‍යන්තර මුල්‍ය අරමුදල සමඟ ගිවිසුම්ගත වී ඇත.  නමුත්, එයින් අවස්ථා 10 ක දී සම්පූර්ණ ණය මුදල් ලැබුණු අතර, 6 ක දී මුළු ණය මුදල රටට ලැබුණේ නැත. කොන්දේස ඉටු නොකිරීම, දේශපාලන බලපෙරළි, රට තුල ඇතිවූ අස්ථාවරත්වය ණය ගිවිසුම අතරමඟ කඩාකප්පල් කළේය.

උන්ඩියල් සහ මනී එක්ස්චෙන්ජ් මිල බැංකුවේ මිලට වඩා අඩු වී ඇති නිසා ඩොලර් ලැබෙන්නේ බැංකු පද්ධතිය හරහා ය.  අපනයනකරුවන් සිය ඩොලර් වහා රුපියල්වලට හරවා සිය පාඩුව අවම කර ගනී. අර්බුදයත් සමඟම ඩොලර් මිලදී ගෙන අර්බුදය තීව්ර කළ ලංකාවේ මධ්‍යම පන්තිය ඩොලර් විකුණමින් සිටී. පිටරට සැඟවූ මුදල් රටට එමින් ඇත.  

මීගමුවේ ක්‍රියාත්මක මෙරට ලොකුම මනී එක්ස්චේන්ජ් කඩ අද (මාර්තු 8) තවත් රු. 8 සිට 10 කින් ඩොලරය පහත වැටිය හැකි බව අනුමාන කරයි. මෙරට විදේශ මුදල් මිල තීරණය කිරීමේ හෘර්ද ස්පන්ධනය තියෙන්නේ මීගමුවේ ය.  කිසිවෙකු නොසිතු ලෙස මීගමුවේ මිල රු. 310 – 300 අතර විචලනය වූවේ වසර 15 කට පසුවය.  ශුර ව්‍යාපාරිකයින්ට පවා පූර්ව කථනය කළ නොහැකි ලෙස මුදල් හුවමාරු අගය වෙනස් වෙමින් ඇත. හෙට මැදපෙරදිග අලුයම රැල්ල ‘Middle East sun rising  effect‘ අද ලෙසම ඒක දිශානතියක් ගන්නේ නම්, අන්තර් බැංකු හුවමාරුවේ ඩොලරයේ මිල රු. 300 දක්වා පහත වැටීම නොවැලැක්විය හැකි වනු ඇත.  

මාර්තු 7 (ඊයේ) පමණක් ශ්‍රී ලංකා මහ බැංකුව, වානිජ්‍ය බැංකු පද්ධතියෙන් ඩොලර් මිලියන 140 ක් මිලදී ගෙන ඇත.  (පසුගිය සතියේ මිලියන 308 ක් මිලදී ගෙන තිබුණි)  මේ සතියට ඩොලර්  මිලියන 500 ක් පමණ මිලදී ගෙන ඩොලරය ස්ථාවර කිරීමට මහ බැංකුව උත්සහ දරයි.  සඟවා ගෙන සිටි ඩොලර් එකවරම පැමිණීම නිසා එය පහසු වන්නේ නැත.

ජාත්‍යන්තර මුල්‍ය අරමුදල, ලෝක බැංකුව, පැරිස් ක්ලබ් සහ ජපානය වෙතින් මෙරටට මුදල් ලැබීම දැන් කාලය පිළිබඳ ප්‍රශ්නයක් පමණක් බවට පත්ව ඇත. ඒ අනුව, ඉදිරි සතියේ දී ඩොලරය පහත වැටීම සිදු වනු ඇත. එය වලක්වා ගැනීමට මහ බැංකුව අඛණ්ඩව ඩොලර් මිලදී ගැනීම සිදු කරනු ඇත. දෙසැම්බර් මාසයේ මිලදී ගත් මුළු ඩොලර් ප්‍රමාණය එක් දිනක දී අඛණ්ඩව දිගටම මිලදී ගැනීම මහ බැංකුවට හැකියාවක් පවතී ද යන්න සැක සහිතය.

මේ ඩොලර් අතිරික්තය තවත් සති දෙකක් හෝ පවතිනු ඇති බවත් ඉන් පසු ඩොලරය  ස්ථාවර වනු ඇති බවත් මුල්‍ය විශේෂඥයින්ගේ තාර්කික පූර්වකථනය යි.  මහ බැංකුවට ඇති අභියෝග නම් ඩොලරය රු. 275  සීමාව ඉක්මවා වඩා පහත වැටීම වලක්වා ගැනීමයි.   ඩොලරය රු. 300 ට ස්ථාවර වී වෙළඳපොල සාධක මත තීරණය වන ක්‍රමික උද්ධමනයකට ලක්වීම සිදු වනු ඇත.

‘ලංකාව ණය ගෙවන්නේ නැති නිසා රුපියල ශක්තිමත් වෙනවා. ණය ගෙවීම ආරම්භ කළ වහාම ආය අර්බුදය ඇති වෙනවා‘‘ කියන මිත්‍යාව දේශපාලනයෙන් ඇස් අන්ධ කර ගෙන සිටින පිරිස මිස බහුතරයක්  විශ්වාස කරන්නේ නැත.  

ජාත්‍යන්තර මුල්‍ය අරමුදලට සමඟ ලංකා රජයට මුලික එකඟතාවයන් 15 කි.  වහා ණය ගෙවීම එහි කොන්දේසියක් නොවේ.  නමුත්, ලංකා රජය විසින්, අපගේ රාජ්‍ය නිලධාරීන් විසින්ම යෝජනා කළ කරුණු 8 ක් නිසා රටට, එහි ජනතාවට කෙටි කාලීන පීඩාවක් දැරීමට සිදු වීම අනිවාර්ය ය.  (වෙන විකල්පයක් ද නැති බව අවධාරණය කළ යුතුයි)    මේ වසර තුල ගෙවිය යුතු විදේශ ණය හා පොලිය (ප්‍රතිව්‍යුහකරණයෙන් පසුව) ඩොලර් බිලියන 1.2  නොඉක්මවනු ඇත. කඩාගෙන බිඳගෙන ඩොලරය ඉහළ යාමට ඒ අනුව අවස්ථාවක් නැත.

අද දින පාර්ලිමේන්තුවට ඉදිරිපත් කරන නව මුදල් පනත නිසා මුදල් අමාත්‍යාංශයේ ලේකම් හා මහ බැංකු අධිපතිවරයා (ලක්ෂමන් කබ්රාල් යුගය මෙන්) හිතෙන හිතෙන විදිහට සල්ලි අච්චු ගැසීමට අද තියෙන හැකියාව නැති වී යන්නේය. කුමන දේශපාලන ප්‍රතිපත්තියක්, ජනාධිපතිවරයෙකු, මුදල් අමාත්‍යවරයෙකු, මුදල් ලේකම්වරයෙකු යටතේ වුව ද, ජාත්‍යන්තර මුල්‍ය අරමුදලේ වාරික සියල්ලම ලබන්නට නම් මේ මුල්‍ය විනය පවත්වා ගැනීම අනිවාර්ය වනු ඇත. එසේ නොවන්නේ නම්, මෙයට පෙර අවස්ථා 6  ක දී සිදුවී ඇති අයුරින්ම, ජාත්‍යන්තර මුල්‍ය අරමුදල් ණය අතර මඟ අඩාල විය හැකිය.  1965 ඩඩ්ලි ට, 1970 සිරිමා ආණ්ඩුවේ ඇන්.එම්. – ෆීලික්ස් ගැටුම නිසා, 1983 ජේ.ආර්. රජයට, 1991 ගිවිසුම් ගත වූ කරුණු චන්ද්‍රිකා රජය විසින් 1994 අත හැර දැමීම නිසා, මේ තත්වය උදාවිය.  2002 රනිල් වික්‍රමසිංහ අග්‍රාමාත්‍යවරයා ගේ රජයේ ඇමති ධූර 3 පැහැර ගැනීම නිසා එදා චන්ද්‍රිකා – මහින්ද – ජවිපෙ රජයට මුල්‍ය අරමුදලින් ලබාගත හැකි වූවේ 14% ක්  වැනි සොච්චමක් පමණී.  

අද වන විට මේ රටේ පවතින මුල්‍ය විනය දිගටම පවත්වා ගත නොහැකි නම්, අනිවාර්යයෙන්ම 1965, 1970, 1983, 1991, 2002 රජයන් මුහුණ දුන් මුල්‍ය අර්බුදය, දේශපාලන වියවුලට රට පත්වීම නොවැලැක්විය හැකි වනු ඇත.

2021 බැසිල් රාජපක්ෂ පස්සා දොරින් ජාත්‍යන්තර මුල්‍ය අරමුදලට ලිපි යොමු කර වසර දෙකකට පසු අරගලයේ පිහිටෙන් රටේ මුල්‍ය අර්බුදය යම් පමණකින් සමනය වෙමින් ඇත.  මේ ණය වළෙන් ආර්ථිකය ගොඩ ගැනීමේ අවස්ථාව පැමිණ ඇත. රටක් ලෙස අප එම අවස්ථාව ජය ගත යුතුව ඇත. නැතිනම්, රටක් ලෙස අපට ආර්ථික විනාශය කරා අපගේ ගමන නොවැලැක්විය හැකිය.

කාන්තාවන් සවිබල ගන්වන බැංකු ක්‍රමයක ආරම්භයක් කරා..”කාන්තාවන් සවිබල ගන්වමින්,බැංකු ක්ෂේත්‍රයට කාන්තාවන් ආකර්ශනය කර ගැනීමට නව දිරිගැන්වීම් අවශ්‍යයි” – අග්‍රාමාත්‍ය දිනේෂ් ගුණවර්ධන මහතා.

March 8th, 2023

අග්‍රාමාත්‍ය මාධ්‍ය අංශය.

විදිමත් අයුරින් ක්‍රියාත්මක බැංකු සේවාව සඳහා කාන්තාවන් ආකර්ශනය කර ගැනීමට නව දිරිගැන්වීම් අවශ්‍ය බව අග්‍රාමාත්‍යවරයා ප්‍රකාශ කළේ 2023.03.07 දින

අරලියගහ මන්දිරයේදී ශ්‍රී ලංකා මහ බැංකුව, සියලුම රාජ්‍ය හා පෞද්ගලික බැංකු ප්‍රධානීන්,  විධායක නිලධාරීන් අමතමිනි.

“මෙම ක්‍රමවේදය ඔස්සේ ආර්ථිකයේ නාගරික, ග්‍රාමීය, වතු, කාන්තා භූමිකාව ශක්තිමත් කිරීමට හැකියි. එමෙන්ම අධික පොලි අනුපාත අයකර කාන්තාවන් සූරා කන අවිධිමත් ණය දෙන්නන් ගෙන් ඔවුන් ආරක්ෂා කර ගැනීමට ද මෙය ඉවහල් වේ. සුළු හා මධ්‍ය පරිමාණ ව්‍යවසායකයින් මෙන්ම වතුකරයේ කාන්තාවන් සඳහා සහන ණය යෝජනා ක්‍රම පුළුල් කළ යුතුයි. බැංකු ක්‍රමය තුල විධිමත් ලෙස නව තාක්ෂණික පහසුකම් සලසමින්

ග්‍රාම නිලධාරි වසම් දාහතර දහසකට වැඩි  සංඛ්‍යාවක ක්‍රියාත්මක ආහාර සුරක්ෂිතතාව හා ග්‍රාමීය පුනර්ජීවන යෝජනා ක්‍රමයට බැංකු ක්ෂේත්‍රයේ සහයෝගය හිමි විය යුතුය. මෙම වැඩසටහන සඳහා මාර්ග සිතියමක් සකස් අත්‍යවශ්‍යයි.

ආර්ථික අර්බුදය පැවති සමයේ ඉටුකරන ලද කාර්යභාරය පිළිබඳව අප සියලු බැංකුවලට ස්තුතිවන්ත වෙනවා.

ශ්‍රී ලංකා මහ බැංකුවේ ජ්‍යෙෂ්ඨ නිලධාරීන් මෙහිදී පැවසුවේ නව ආකර්ෂණීය යෝජනා ක්‍රම ප්‍රකාශයට පත්වීමෙන් පසු එය කඩිනමින් ක්‍රියාත්මක කිරීම සඳහා මූල්‍ය ආරක්ෂාව සහ ඇපකර අවශ්‍යතා පිළිබඳ ගැටළු විසදීමට මහ බැංකුවට හැකි බවයි.

ජාත්‍යන්තර මූල්‍ය සංස්ථාව (IFC) අඩු ආදායම්ලාභී පවුල් ඉලක්ක කරමින් ග්‍රාමීය ප්‍රදේශවලට බැංකු කටයුතු ව්‍යාප්ත කිරීම අරමුණු කරගත් දැනුවත් කිරීමේ වැඩසටහන් සඳහා දායකත්වය ලබාදී තිබේ. දිවයින පුරා ඇති බැංකු ශාඛා දහස් ගණනකට මෙම ඉලක්ක ගත කාන්තාවන් මිලියන කීපයක් ගිණුම් හිමියන් ලෙස එක් කර ගැනීමෙන් එම බැංකුවල කාර්යක්ෂමතාව ද පුළුල් වේ.

පාර්ලිමේන්තු මන්ත්‍රී      යදාමිණි ගුණවර්ධන මහතා මෙහිදී සඳහන් කළේ සමුර්දි සහන ,විශ්‍රාම වැටුප් ඇතුළු රජයේ සුභසාධන පහසුකම් ජනතාවට කඩිනමින් ළඟා කිරීමට බැංකු සිය ජාල කටයුතු භාවිතා කළ යුතු බවයි. පවතින විදුලි සන්දේශ අවකාශය digital  මාර්ගගත බැංකුකරණය පුළුල් කිරීමට භාවිතා කළ හැකි බවද  ඒ මහතා කීවේය.

අග්‍රාමාත්‍ය ලේකම් අනුර දිසානායක, අග්‍රාමාත්‍ය ආර්ථික උපදේශක තෙන්නකෝන් රුසිරිපාල, මුදල් අමාත්‍යාංශය,මහ බැංකුව, රාජ්‍ය බැංකු සහ පෞද්ගලික බැංකු නිලධාරිහු මෙම අවස්ථාවට එක්වූහ.

අග්‍රාමාත්‍ය මාධ්‍ය අංශය.

The woman who makes use of new technology can efficiently contribute to the national produce. – Prime Minister Dinesh Gunawardena

March 8th, 2023

Prime Minister’s Media Division

The Prime Minister mentioned that the woman who makes use of new technology can efficiently
contribute to the national produce. He said at a function International Women’s Day held in
appreciation of the women working in the Prime Minister’s Office today (08) .
The following are excerpts from the speech delivered by the Prime Minister.
A large number of women hold many responsibilities in the Prime Minister’s Office in various
capacities.
The Prime Minister’s office implements various programs for the benefit of the country and the
people.
At this time, it is special to come together as the Prime Minister’s Office to strengthen the main
theme of International Women’s Day 2023 DigitALL: Innovation and technology for gender
equality”. This program can be made more successful by adding digital technology to the process
to include women in the banking sector.
Women are playing an exceptional role for the national development in different parts of our
country. Today, when women around the world announced their rights and commitments to
international conventions, the government lead by President Ranil Wickramesinghe has taken
measures to further improve existing charters in order to ensure women’s welfare.
At present we are facing the most difficult period in the recent history after independence. But in
the belief that the challenge can be overcome, the women are fulfilling a special responsibility.
In this difficult time, it is the woman who takes the lead in providing the foreign exchange
needed by the country. They are providing a major contribution in the plantation sector, apparel
industry and foreign employment.
Further, they can play a considerable role moving towards new technologies in the process of
national production. It should be highlighted that our women are committed themselves to time
management and reduce the waste in the economy.
Prime Minister’s Secretary Mr. Anura Dissanayake, Additional Secretary Mrs. Deepa Liyanage
were among the participants at this occasion.
Prime Minister’s Media Division

French-Cameroonian commission to turn light on colonial era

March 8th, 2023

Courtesy Africa News

French-Cameroonian commission to turn light on colonial era | Africanews

A joint French-Cameroonian commission started Friday (Mar. 3rd) work on delving into France’s role in the nation’s colonial past and post-independence years.

It is jointly headed by a Cameroonian artist Blick Bassy and a French historian Karine Ramondy.

The composition of the team tasked with digging into a chapter of the central African country’s history clouded by bloodshed and silence has stirred controversy.

“We only have 14 seats, or 14 selected if I may borrow football’s metaphor. Some people were lucky enough to be able to work on this commission, but instead they chose to criticize it, even though they had agreed to join it in principle. Well, It’s their choice, I can only regret it,” Ramondy said.

Ramondy will spearhead a team of 15 historians from both countries, while artist Bassy will oversee collection of oral testimony in Cameroon. Where some are still haunted by the past according to a university professor.

“You can imagine, there are deep wounds that have never healed. this commission is supposed to, not to creating resentment, not demands, no, there are no claims, there is the recognition of historical facts. I’m waiting for France to say ‘we’re sorry’,”  Soh Charles explained.

France ruled a part of Cameroon first under a League of Nations mandate from 1919 to 1960, brutally repressing independence fighters.

The French president promised during is visit to Cameroon last year that historians will be given access to state archives to investigate the past and establish “responsibilities”.

The commission is due to submit its findings by the end of 2024.

Three key women instrumental in helping SL during its troubled period: President

March 8th, 2023

Courtesy The Daily Mirror

President Ranil Wickremesinghe today said that three women were instrumental in helping Sri Lanka during its troubled period.

When reflecting upon those who contributed to freeing the people from the sufferings experienced during the past, I think it is important to mention the names of three women who played a significant role,” the President said addressing the International Women’s Day National celebration in Colombo.

He said that the three women the Finance Minister of India Nirmala Sitharaman, the US Treasury Secretary Janet Yellen and the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva – were instrumental in helping Sri Lanka during its turbulent period.

I would like to acknowledge Nirmala Sitharaman, the Finance Minister of India, who played a vital role in providing a US$3 billion loan to Sri Lanka after the country was declared bankrupt last April. 

Her decision to discuss the matter with the Prime Minister and the Cabinet and to provide the loan to a country in such a dire financial state was a remarkably courageous act. 

Without the availability of those funds during those three to four months, the current situation in the country would be far more challenging and for that we must express our gratitude to her.

Additionally, a crucial role was played by several key countries in supporting us during this challenging time.

Notably, our talks with the US, led by Janet Yellen, the Treasury Secretary were instrumental in securing aid for our country. 

I extend my sincere gratitude to her for her efforts in this matter.

I must also mention that Kristalina Georgieva, the Managing Director of the International Monetary Fund, made a personal sacrifice for Sri Lanka by taking the lead to negotiate with the countries, the Paris Club, the World Bank and others. 

If these three women had not supported us, we would have been in a dire situation, the President added.

Committee headed by judge to probe irregularities within Central Cultural Fund

March 8th, 2023

Courtesy Adaderana

The Committee on Public Enterprises (COPE) has recommended that a committee, headed by a retired court judge, be appointed to investigate the issues raised by the special audit report of the Central Cultural Fund for the period between 2015 and 2019.

It was also recommended that the report of the newly-proposed committee be presented before COPE within 03 months.

These recommendations were amongst five recommendations given during a COPE meeting held yesterday (07 March), under the patronage of Prof. Ranjith Bandara.

The meeting was held in order to investigate the matters raised by the special audit report on the functioning of the Central Cultural Fund and to examine the progress of the implementation of recommendations previously given by COPE on 24 November 2022.

The Internal Inquiry Committee, appointed by the Secretary to the Ministry of Buddhasasana, Religious and Cultural Affairs, to investigate the matters raised in the said Special Audit Report for the purpose of reporting to COPE, was also discussed at length, with COPE recommending that the committee be dissolved.

Meanwhile, the validity of the 209th meeting of the governing council of the Central Cultural Fund was also discussed, after concerns in this regard were raised at the previous COPE meeting.

Accordingly, the Auditor General pointed out that only seven of the 11 members have agreed to the decisions of the 209th meeting and four, including the former Prime Minister, have not signed. 

Stating that there is a discrepancy between the signatures used by the seven signatories on the signature list of this meeting and the signatures used by them in the previous governing board meetings, the Auditor General pointed out that the decisions of the 209th governing board meeting have not been adopted in the 210th meeting.

The Auditor General also stated that the then Prime Minister’s Secretary and the current President’s Secretary, who were members of the relevant governing body, confirmed that he was not a party to such a meeting.

Thus, COPE recommended that the validity of the signature list of the 209th meeting be checked and that the relevant list be referred to the Criminal Investigation Department (CID) and the Government Inspector.

As per COPE’s recommendations, the Central Cultural Fund is due to be recalled before COPE to review the progress of the previous recommendations made by COPE.

State Ministers Janaka Wakkumbura, Lohan Ratwatte, Indika Anuruddha Herath, D. V. Chanaka, Shantha Bandara Members of Parliament, Anura Priyadarshana Yapa, Mahindananda Aluthgamage, Rohitha Abegunawardhana, Eran Wickramaratne, Nimal Lanza,  Nalin Bandara Jayamaha, (Mrs.) Rohini Kumari Wijerathna, Chaminda Wijesiri, SM Marikkar, Sanjeeva Edirimanna, Jagath Kumara Sumithraarachchi, (Major) Sudarshana Denipitiya, Premnath C. Dolawatte, Upul Mahendra Rajapaksha, M. Rameshwaran, Rajika Wickramasinghe, Madhura Withanage, (Prof) Charitha Herath were present at the Committee meeting.

Sri Lanka’s rupee will reverse gains and plummet 20%, Fitch says

March 8th, 2023

Courtesy Adaderana

Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions.

We are optimistic that Sri Lanka will be able to secure an IMF board approval by early 2Q 2023,” said Seah Wang Ting, country risk analyst at Fitch Solutions. Nevertheless, there’s potential for disruptions after the initial board approval as authorities may find it challenging to stay on track with the IMF program amid a weakening economy and a local election likely on the horizon, he said.

Fitch maintained its forecast for the rupee to weaken to a record low of 390 per dollar by year-end. The rupee advanced 3% to 317.7 per dollar on Wednesday, taking its annual gains to over 15%. That’s after the IMF said it plans to decide on a $2.9 billion bailout for Sri Lanka following China’s assurance that it will support the nation’s debt restructuring. 

Sri Lanka has increased taxes, cut energy subsidies and loosened its grip on the currency to secure the IMF loan. The central bank recently lifted borrowing costs further to ensure that inflation which has slowed from nearly 70% doesn’t flare up.

Sri Lanka still has significant external debt repayment needs and will need to build up its foreign reserve buffer over the coming months, which would put downside pressure on the exchange rate,” Fitch said in a report Wednesday.

Sri Lankan President Ranil Wickremesinghe said on Tuesday the country needs to repay about $6 billion-$7 billion foreign loans on average each year until 2029.

The Sri Lankan rupee may also be pressured by tightening global monetary conditions, according to Fitch. Federal Reserve Chair Jerome Powell told the Senate Banking Committee on Tuesday that the ultimate level of interest rates is likely to be higher than previously anticipated.

Source – Bloomberg

-Agencies

Sri Lanka Negotiating to Extend $1 Billion Credit Line from India & IMF Loan Approval

March 8th, 2023

Courtesy Hiru News

Sri Lanka is negotiating with India to extend a 1 billon dollar credit line by a few months, according to sources, as the island nation tries to line up funds for the rest of the year while the IMF looks set to approve a 2.9 billion dollar loan for it soon.

The credit line is due to expire on March 17 with Sri Lanka having used only about two-thirds of it, mainly for medicines and food.

The extension talks come as the economy improves and forex reserves rise for Sri Lanka.

A source at the Sri Lankan Finance Ministry said the government wanted to extend the credit line by 6 to 12 months because there was about 300 million dollars of it left unused.

Lanka set to get IMF sign-off on March 20th

March 8th, 2023

Courtesy Hiru News

IMF Managing Director Kristalina Georgieva said The International Monetary Fund welcomes the progress made by Sri Lanka in “decisive” policy actions and in obtaining financing assurances from all major creditors.

IMF Chief said the IMF looks forward to presenting what will be the island nation’s 17th IMF programme to the international lender’s executive board on March 20.

She said “The Extended Fund Facility will support the authorities’ program of ambitious reforms, which will help Sri Lanka emerge from its current crisis and set it on a trajectory of strong and inclusive growth,

Approval by the Board would also catalyze financing from other creditors, including the World Bank and the Asian Development Bank.

“INDEPENDENT CENTRAL BANK” Sri Lanka must take lessons from what happened to Latvia

March 7th, 2023

Shenali D Waduge

It is advised that people should not be too mesmerized by the word independent”. Who can be independent in this interlinked world. Even decisions in the halls of the UN end up determined by a simple threatening phone call. The arm-twisting methods used would shock most. When Funding/AID is tied to numerous conditions & subject to interference in internal affairs of states, where is the independence? This thought should be in the background of the present attempt to make Sri Lanka’s Central Bank independent”. Sri Lanka is likely to face a similar situation to that faced by Latvia.

Latvia is a former Soviet Republic securing independence in 1991. In 1992 Latvia’s Central Bank was declared independent” of the Latvian govt. Latvian Central Bank was not to be subject to the decisions and regulations adopted by the Government or its institutions. This is similar to what is being proposed for Sri Lanka – by whom no one knows!

Ilmars Rimsevics, was appointed governor to Latvia’s Central Bank in 2001 & led Latvia into the Euro in 2004. He also sat as a member of the European Central Bank governing council.

He was accused of taking bribes from a bank in 2018. He was the first European Central Bank governor (19 other EU governors of the eurozone) to be put on corruption trial.

June 2018 – Latvia’s Central Bank Governor Ilmars Rimsevic was charged by the Latvian public prosecutor for accepting bribes. Rimsevic refused to resign. The Latvian authorities prohibited him performing duties as Governor in February 2018 but Latvia had no authority to dismiss him because the Latvian CB was independent” while the Governor was a governing council member of the European Central Bank where he was dependent” & abiding ECB laws.

Inspite of Rimsevic being accused of bribery/money-laundering, EU declared that Latvia does not have sufficient evidence to dismiss the Latvian central bank governor. ECB even challenged the Latvian governments decision. Latvian govt could not even appeal against the decision. This was the first time EU judges were asked to preside over dismissal of a ECB governing council member claiming that EU law provided protection to the central bank from political interference. European Court of Justice claimed Latvia had failed to provide evidence to justify dismissing Rimsevics.

Rimsevics took courage from his status at ECB to challenge Latvian govt in EU Court of Justice

Rimsevics sued the Latvian government in Europe’s top court- European Court of Justice, for restricting his ability to work at the ECB.

EU Court of Justice gave its judgement on 26 February 2019

Fellow members of the ECB Governing Council also brought action before the EU Court of Justice activating Article 14.2 of the ECB statute that a decision to relieve a governor from office may be referred to the Court of Justice by the Governor concerned or by the Governing Council of the ECB on grounds of infringement of this Treaty or of any rule of law relating to its application”.

This meant that the powers Rimsevics had as a member of the governing council of the ECB protected him from any prosecution by a national government in which he was serving as the governor of its central bank. This was the level of independence” the Latvian Central Bank Governor was enjoying. The national government had no power over the governor of its Central Bank!

The Latvian government argued that the Central Bank of Latvia was bound by legal & institutional links & that article 14.2 was not applicable. However this was rejected by the EU CoJ.

National acts were set aside in favor of the independence” of the European Central Bank. Both Rimsevic & the Board of the ECB sought the CoJ to declare that the national measure is unlawful. The ESCB is a ‘novel legal construct in EU law” highlighting a new EU legal order against national legal orders.

Is there a clash between EU law & Member State law?

The current case proved so. What is likely to happen is to neutralize Member State law & bring it under a single EU order. The EU court declared a national act void – what if a national court declared an EU act void too?

Rimsevic obviously was hiding from one entity & shielding himself under another. This is the scenario likely to happen in Sri Lanka if the Central Bank Bill is passed. What if Sri Lanka’s Central Bank Governor is also given an international position providing him immunity over any litigation which Sri Lanka may bring against him as in the case of Latvia’s Central Bank Governor who was saved because he was on the Governing Council of the ECB! Is this the independence” we seek?

Shenali D Waduge

Are Secretaries of Ministries playing the role of the 3 wise monkeys.

March 7th, 2023

Sugath Kulatunga

The Constitution of the country provides for the appointment of a Secretary for each Ministry,who is empowered to exercise supervision over the departments of Government or other institutions in the charge of his Minister.vide the following Articles of the Constitution.

52. (1) There shall be for each Ministry a Secretary who shall be appointed by the President.

(2) The Secretary to the Ministry shall, subject to the direction and control of his Minister, exercise supervision over the departments of Government or other institutions in the charge of his Minister.

In most cases Ministry Secretaries are the most senior members of the SLAS. Normally they have had over 25 years of service in different fields and have undergone post graduate training abroad. They are the crème de la crème of the public service.

With persons of such caliber in charge of the administration of Ministries it is difficult to explain the numerous misdemeanors exposed in the postmortem exercises of the Parliamentary Committees of COPA and COPE. Each ministry would have an internal auditor directly responsible to the Secretary who would be reporting to the Secretary any planned and ongoing transgressions.

It is suggested that the Internal Auditor works closely with the external auditor and bring to the notice of the Secretary of the Ministry any wrongdoing. To make the two auditors work in harmony the internal auditor could be an officer seconded from the Audit Department. With such a system in place both the Secretary and the internal auditor should be made accountable for any wrongdoing in the Ministry.

These high-powered officials should not be allowed to be like the 3 wise monkeys. After all they are paid more than peanuts.

Sugath Kulatunga

CIA Chief Slithers into Colombo & the Rupee Levitates!

March 7th, 2023

e-Con e-News

The Sunday Times asked the question above of the much-promoted Shanta Devarajan, ‘Professor of the Practice of International Development at the Edmund A Walsh School of Foreign Service of Georgetown University, US, advisor to the Government of Sri Lanka on the International Monetary Fund (IMF).’

No comment,’ replies the much-promoted and seemingly mired professor.

• What is the relationship between China’s silken exposé of the role of the World Bank and other ‘multilateral banks’ in Sri Lanka’s economy, the sudden rise in the value of the SL Rupee against the US Dollar, and the frenetic visits and threats from a phalanx of US heavies, from the CIA Director to the World Bank?

And what ‘help’ is the USA providing?

     After funding and provoking a seemingly aimless ‘Aragalaya’ to oust a popular President (see ee Focus, Protest & the Left), their media machine and their ‘columnists’ have now taken to decrying the ‘anarchism’ of the protestors (ee Politics). The opposition SJB wants the US to intervene to ensure local government polls are held. Others have even called for the US to fund elections in Sri Lanka! They may next propose that ‘free and fair’ Sri Lankan elections be held in Washington!!

     One national commentator notes the failure of the US, Canada, England and EU to condemn the attacks on demonstrators, as they did when President Gotabhaya Rajapakse was in power. They only ask for elections. He points out: it may be due to the time differences: When we are awake, the US is asleep, and when we are asleep the US is awake. However, when the UNP is in power, the USA appears to sleep both night and day.

‘CIA-instigated jockstrap-insurrection

delivered Sri Lanka to the jaws of the IMF’

(see ee Sovereignty)

• CIA Enters Minus Guard of Honor – As a panicking government in India reneges on its popular ‘time-tested’ friendship with Russia, US Secretary of State Antony Blinken visited New Delhi, from March 1-3. A public visit by Blinken to Sri Lanka was not deemed necessary. Director of the US Central Intelligence Agency (CIA) William Burns had already covertly crept into Sri Lanka on February 14, their Valentine’s Day, as part of a ‘top secret visit’ to lay down their ultimata:

     ‘For over 3 weeks we have been questioning as to who visited the country, but the government and the US have maintained their silence’ charged MP Udaya Gammanpila:

     The US plans to set up ‘an Intelligence Analysis Centre for intelligence sharing with them. This proposal first came in 2002 when the current President was Prime Minister. The-then government attempted to implement this project amidst strongest objections from the local intelligence community.

     ‘The 2nd proposal is the gifting of a biometric immigration control system to Sri Lanka, to which US will retain access.’ The move aims ‘to discourage Chinese & Indian investors’ from investing in Sri Lanka.

     ‘The 3rd proposal includes access to submarine telecommunications cables & data’, with US guarding it to prevent terrorist attacks in Sri Lanka. ‘This is the biggest joke of the year.’

     ‘The final proposal was the Status of Forces Agreement (SOFA) between the 2 countries’. It appears the first 3 proposals are meant to create diversion, while acceding to Number 4: ‘If our national security is compromised in this manner, Sri Lanka will soon follow the fate of Panama.’

     Meanwhile Nepal’s government, which has agreed to sign on to the US MCC, prevented a visit by Central Intelligence Agency (CIA) Director William J Burns because ‘the timing of the trip was not seen as so conducive’, due to their upcoming presidential election on March 9’ (see ee Random Notes).

     MP Wimal Weerawansa declares the SL government is planning to place the State Intelligence Service’s responsibility for ‘information handling & decision-making’, under the US CIA: ‘A similar shifting of responsibility had happened in 2001, but was suspended in 2004.’ The subsequent confusions over the Easter terrorism are meant to reinforce this demand.

            Two weeks ago, the 20-member Pentagon delegation, headed by US Principal Deputy Assistant Secretary of Defence for Indo-Pacific Security Affairs (PDASD), Jedidiah P Royal (stuffed in bullet-proof vests), visited Sri Lanka’s State Intelligence Service (SIS) office in Colombo, and also met the President, Defence Secretary and heads of intelligence services, carrying concealed weapons that they did not disclose.

     Weerawansa also asked Foreign Minister Ali Sabry to explain to the House the purpose of the US delegation’s visit and meetings with local authorities. Sabry said the Foreign Ministry was unaware of the visit and that it had been handled by the Defence Ministry (ee Sovereignty, Plans underway to bring SIS under CIA).

•Full Story

Beijing okays restructuring of loans to Sri Lanka

March 7th, 2023

Courtesy RTHK

Sri Lanka’s president said on Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to a long-awaited International Monetary Fund bailout.

An unprecedented economic crisis has seen Sri Lanka’s 22 million people suffer acute food, fuel and medicine shortages, along with extended blackouts and runaway inflation.

President Ranil Wickremesinghe’s government has been working to repair Sri Lanka’s ruined finances and secure the sorely needed IMF rescue package.

But it was held up by debt negotiations with China, its largest bilateral creditor.

Wickremesinghe told parliament Beijing had now agreed to a restructuring and that he expected the first tranche from the Washington-based lender’s promised US$2.9 billion in funds to be released within the month.

“We have done our part, I hope the IMF will do theirs,” he said in a special address to lawmakers.

Wickremesinghe said the state-owned Exim Bank of China had sent a letter to the IMF on Monday night signalling its willingness to go ahead with a restructuring.

“Sri Lanka has now received financing assurances from all major bilateral creditors,” said Krishna Srinivasan, director of the IMF’s Asia and Pacific Department.

This paves the way for the fund’s board to approve a loan earlier agreed upon by its staff.

“Approval by the board would also catalyze financing from other creditors, including the World Bank and the Asian Development Bank,” he said.

The arrangement will help authorities’ programme of ambitious reforms to aid Sri Lanka in emerging from its current crisis, he added.

Sri Lanka defaulted on its US$46 billion foreign debt last April. (AFP)

What Happened to ‘Full Implementation of 13th Amendment’?

March 7th, 2023

By Shivanthi ranasinghe Courtesy Ceylon Today

Earlier this year, President Ranil Wickremesinghe pledged to implement the 13th Amendment to the Constitution (13A) in full. Currently, it is in effect except for Police and land powers (granted partially), which are still exercised by the Central Government. This was a surprise announcement made on 15.01.2023 during the National Thai Pongal Festival held in Jaffna. 

The President noted a number of valiant points including, 

– fundamental issues as poverty, hunger and deprivation is suffered by all indiscriminately in Sri Lanka;

– All must return to the Sri Lankan identity, established by the late D.S. Senanayake 75 years ago, if all are to enjoy coexistence and economic prosperity.

To address these problems, the President pledged to:

– establish a Social Justice Commission to resolve relevant community issues to ensure harmonious cohabitation by addressing,

– issues of all communities, not just that of the North and East Tamils;

– further protecting Tamils in the Hill country for earning forex for the country even though they are fully integrated into our society and enjoy the same rights and privileges as other communities,

– the many problems faced by Muslims, Sinhalese and Christians, 

– the marginalising faced by those in poverty. 

– fully implement 13A because it is being demanded by Chief Ministers in both the North and South. 

It was also promised to discuss, with all political party leaders, the steps needed for reconciliation. According to this promise, this meeting was to take place in the following week, which would have been the third week of January. The decisions taken was to be made public in February 2023. However, such a discussion did not materialise. 

In this gift bag, was also the promise to:

– accelerate the Truth and Reconciliation Commission work to provide relief to the families of the disappeared and to answer allegations against the military,

– Replace the Prevention of Terrorism Act (PTA) with a ‘new law’ to ‘create stability’ in the country,

  • Handover the bulk of the remaining 3,000 acres of land that are still under Military control from the original 30,000 acres during the war. 

 Out of these commitments, only one has thus far been fulfilled. On 11.02.2023, President Ranil Wickremesinghe ceremoniously awarded land deeds and Rs 38,000 as financial compensation to 197 families at the Jaffna District Secretariat. According to the President’s Media, these were the original settlers, who got displaced 33 years ago during the war against terrorism. It is however unclear if the Sinhalese forced out by the LTTE were also part of this group. These lands were being used by the Security Forces. 

Though the President made many promises, only one caught the attention of the nationalists – the pledge to implement the 13A in full. This means to handover pending Police and land powers to the Provincial Councils (PC), which none of the previous Presidents had dared to do. 

Agitation of the Nationalists

The agitation of the nationalists over the President’s 13A promise is understandable. For nearly 40 years, it is these nationalists who stood guard over the country’s unitary status. While various governments experimented with all sorts of solutions to contain terrorism, it is the nationalists who stayed resolute that terrorism cannot be a tool of negotiations. It is they who challenged the hypocrisy and falsehoods that went hand-in-hand with terrorism in Sri Lanka. 

While many nurture the dream of nullifying the 13A altogether, it is unfortunately a poisoned seed that has now taken root. The extra political layer created with the PCs will be very hard to uproot without antagonising that mid-level politicians. Though castigated as an unnecessary expense that had failed to deliver tangible benefits, it is not possible to eliminate this layer without hurting the political hierarchy of all political hues. Once a power is given, it is very difficult to take it back. 

The 13A is a constant reminder that the efforts to divide our country and exacerbate ethnic tensions still persist – despite ending terrorism 14 years ago.  However, without the land and Police powers, this is a toothless threat (keeping in mind that a bite from a toothless gum is not painless).  

Why is 13A Such a Thorn? 

Though many are under the impression that the land powers are fully with the Central Government, this is not the case. The management of State land is already vested with the PCs. Even the Executive President can use a State land for whatever purpose only on the PC’s advice. 

The power not yet with the PC is the recognition that all lands, not identified as archaeological sites, belongs to the PC. However, explains MP Udaya Gammanpila, up to date, none of these heritage sites have been recognised in Parliament as important nationally. Therefore, warns the Parliamentarian, all the sites in North and East that are of historic significance to the Sinhala Buddhists as Nagadeepa, Thanthirimale Temple, Girihandu Seya, Deegavapiya and Seruwila will come under the respective PCs, run by racist politicians. 

It is their earnest plans to erase all evidence of Sinhala Buddhist heritage – an act already in operation. This allows them to establish the North and East as an exclusive Tamil Homeland. 

The other contentious clause is the power to merge two or three provinces to be under one PC. Indeed, when the 13A was forced into our Constitution, the North and East were merged under emergency laws. Once the emergency law was lifted, the Supreme Court determined that the merger was also invalid. Yet, the possibility of such a merger still exists. 

The effort of the separatists is to merge the North and the East. The North on its own, with its limited natural resources, will find it difficult to exist on its own. The East is home to all three ethnic groups with the domineering Muslim community. As such, if the East was allowed its own PC, the Eastern Tamils will be dominated by the Muslims. This would defeat the very purpose of this whole exercise of dividing the country into nine provinces. 

Granting Police powers so the respective Police force of that PC comes under its Chief Minister is the most dangerous clause of all. It leaves the path for another LTTE to emerge. The difference would be simple and stark. 

LTTE was a terrorist organisation and as such illegal. This prevented most foreign governments from openly lending its support. However, a PC Police force that may decide on its own weaponry and training and ruled by a politician is the legitimising of a force as the LTTE. As a legitimate force, any foreign government can openly support its cause. 

13A Supersedes All Other Concerns 

Given these dangers, it is a little wonder that President’s verbal commitment to implement the 13A in full created the stir it did. Even the venerable Sangha wrote to President advising him against such foolishness. For a moment, people put aside the matter of the ongoing economic crisis or the efforts to delay the Local Government elections to oppose this act. 

It is not only the 13A that came to be challenged. MP Wimal Weerawansa reminded the President that he does not have a mandate of his own yet. The Government, until the next major election, must therefore adhere to the mandate given to President Gotabaya Rajapaksa. 

The 13A is without argument a matter of extreme concern. However, this is not the only problem present” in the President’s Thai Pongal gift bag. Some gifts need clarification. For instance, what did the President mean by further protecting Tamils in the Hill country for earning forex”? 

The other main forex earners for our country are often as vulnerable, if not more, than those working in tea estates. The girls who leave their villages to work in the apparel sector face many social issues. The women who leave for overseas to work as domestic aides are often not entitled to any rights in their host countries. Some of their experiences are simply horrifying, whilst others are degraded in numerous ways. Some return home in a coffin. 

Truth and Reconciliation Commission must expand their investigations to answer the allegations of not only that against the Military but also against the LTTE and the IPKF. Otherwise, it would amount to cherry-picking the crimes. Simultaneously, in determining the fate of the disappeared, the Commission must amend the clause that if such a person is located, the records must reflect as such. Currently, the status ‘disappeared’ cannot be updated without the consent of the ‘disappeared’ person. 

The current PTA should not be arbitrarily replaced with a ‘new law’. There needs to be proper public discourse with the local stakeholders than foreign experts who are clueless on the real issues we face or those with a geopolitical agenda. 

For the moment, there is a silence on the status on the fulfillment of these pledges. We do not know if the President decided to listen to the concerns via-a-vis the 13A and decided to shelve it or simply kept it aside until the hue and cry dies. 

Whether President Wickremesinghe will carry out with these plans is beside the point. While these contentious issues are allowed to exist – even in limbo – it poses a threat to our national security. Therefore, instead of agitating every time a politician makes a pronouncement, there needs to be a steady plan to address these concerns methodically and eliminate the threat forever. Otherwise, both the promises and the protests amount to nothing more than political fodder. 

ranasingheshivanthi@gmail.com

(The views and opinions expressed in this article are writer’s own and do not necessarily reflect the official policy or position of
Ceylon Today)

By Shivanthi Ranasinghe

Udaya urges govt., US embassy to come clean

March 7th, 2023

By Shamindra Ferdinando Courtesy The Island

CIA Chief’s cloak-and-dagger visit:

Pivuthuru Hela Urumaya (PHU) leader, Udaya Gammanpila, MP, yesterday (06) said that the Wickremesinghe-Rajapaksa government and the US embassy in Colombo should come clean on CIA Director William Joseph Burns’ Colombo visit.

The former Power and Energy Minister said so in response to The Island query whether the government had challenged his claim on the CIA chief’s visit.

I’m 100 percent sure Burns was here on February 14,” MP Gammanpila said, challenging the government and the US Embassy here to contradict him, if they could.

Pointing out that Foreign Minister Ali Sabry, PC, in response to Jathika Nidahas Peramuna (JNP) leader Wimal Weerawansa’s disclosures in Parliament about the alleged CIA intervention in the State Intelligence Service (SIS) had denied any knowledge of the secret visit of the top CIA spook.

Responding to another query, the former minister said that there was absolutely no doubt that Burns accompanied US Principal Deputy Assistant Secretary of Defence for Indo-Pacific Security Affairs (PDASD), Jedidiah P Royal. He emphasised that there were altogether 29 persons including the crew of two C-17 Globe Masters and the delegation.

The Defence Ministry released pictures of Jedidiah meeting with State Defence Minister Pramitha Bandara Tennakoon and Defence Secretary Gen. (ret) Kamal Guneratne, separately, the

MP pointed out, asking who Burns had met in Colombo during the whistle stop visit.

Referring to media reports that Nepal had not permitted the CIA Director’s visit, MP Gammanpila said that Burns was to fly from Colombo to Kathmandu, in the third week of February, but had been compelled to fly home.

Gammanpila said that the government should set the record straight if it truly felt JNP leader Wimal Weerawansa, General Secretary of the Communist Party Dr. G. Weerasinghe and he had misconstrued facts regarding the recent controversial US visit.

Declaring that the US was seeking enhanced access to Sri Lanka, MP Gammanpila claimed that among the issues raised by the US was the signing of the Status of Forces Agreement (SOFA), also known as the Visiting Forces Agreement (VFA).

Pointing out that Sri Lanka had entered into another military agreement, Acquisition and Cross Servicing Agreement (ACSA) in August 2017, MP Gammanpila said that in spite of extremely close Indo-US relations in line with American Indo-Pacific strategy, New Delhi would still be uncomfortable against the backdrop of much-expanded US role here.

Regardless of their differences India and China skipped the vote at the UN General Assembly to pressure Russia to withdraw forces from Ukraine. Sri Lanka, Pakistan, Bangladesh and Vietnam were among those countries that abstained.

MP Gammanpila urged the government to come clean on the CIA Director’s visit as Sri Lanka couldn’t afford to become a member of any alliance. The PHU leader pointed out how Quad countries, namely the US, Japan, Australia and India, pursued an agenda that may not help peaceful resolution of disputes.

Gammanpila said the economic-political-social crisis had weakened the country and opened the way for external powers to enhance their influence through various means. The MP cited as example the recent joint statement issued by the US Embassy and Sir John Kotelawela Defence University at the launch of what they called a shared vision for the Indo-Pacific.

IMF chief welcomes Sri Lanka’s progress in taking policy actions, securing creditor assurances

March 7th, 2023

Courtesy Adaderana

The Managing Director of the International Monetary Fund (IMF) has welcomed the progress made by the Sri Lankan authorities in taking decisive policy actions and obtaining financial assurances from all major creditors including China, India and the Paris Club.

In a statement, Kristalina Georgieva said she looks forward to presenting the IMG-supported program to the organization’s Executive Board on March 20.

The Extended Fund Facility (EFF) will support the authorities’ program of ambitious reforms, which will help Sri Lanka emerge from its current crisis and set it on a trajectory of strong and inclusive growth.”


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