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Conflict resolution might be way out!

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By Dr Laksiri Fernando

Sri Lankan crisis cannot be separated from the international crisis both in economic and political terms. This is a warning for the political leaders to resolve their differences and conflicts in an amicable manner. Holding (or not holding) of Local Government elections and the newly-introduced Advance Personal Income Tax (APIT) regime are the main contentious issues between the main political parties and their trade unions at present.

While there are only nine recognised parliamentary political parties in the Australian federal system, sixty-two political parties are recognised in the Sri Lankan parliamentary system giving rise to both superficial and unwarranted conflicts and competitions between them. As a result, there is no stability in the political party system. Where are the UNP, the SLFP, the Federal Party or the Ceylon Workers Congress today? All these main parties from the early years of independence have suffered crippling splits.

Conflicts and Conflicts

Intense political rivalries at the political party level are undoubtedly a reflection of the psychological mood and orientation of the public and the people. These rivalries are not uncommon to many other political systems including the developed democratic countries. France at present is one example while many parts of America have been inundated in this situation for a long time.

However, to my experience and observation, extreme politicisation and rivalries are much higher in the case of Sri Lanka. There has been a tendency among the people (both young and old) to look almost everything from a prism of politics. Even at social events or even family parties, mainly men, get involved in political debates. The drinking of liquor (excessively) at these occasions might be a contributing factor.

The world undoubtedly is going through a civilisational crisis. The war in Ukraine has become a mess and human disaster. The invasion by Russia was unwarranted even in terms security or prestige of its country. However, instead of resolving the conflict through peace and negotiations, the NATO countries and America have intensified the war through supplying arms and ammunition to Ukraine to continue a fight. The major failure has been on the part of the UN which has become hopeless in terms of conflict resolution and peace. There is a possibility of the war becoming a nuclear disaster.

This is not an isolated case. Humanity, civilisation, the so-called developed nations, and the UN have continuously failed to prevent war between Israel and Palestinians and many other wars and conflicts in the Middle East and Africa. These conflicts have given bad examples to many other developing countries like Sri Lanka, Myanmar, Pakistan, etc. Similar conflicts have continued in the Latin American nations. This is the civilisational crisis today. Although humans have developed in terms of science and technology, they have terribly failed in terms of human relations, justice, peace, and conflict resolution. This is also one reason for the natural disasters and environmental problems.

Facets of Economic Crisis

Sri Lanka should not be callous in addressing the present economic problems. The IMF does not have a magic wand while those who oppose the IMF are misled by old leftist arguments. Sri Lanka has been a member of the IMF since 1950. If there are disagreeable conditions from the IMF, those should be discussed and negotiated. I was surprised to observe that many international media reported that the last general strike in Sri Lanka was held in opposition to the IMF! While the trade unions undoubtedly have many grievances, they should sober their positions and slogans to suit an amicable resolution to the present crisis.

The emerging international signals are continuously worrisome. Two major banks in America, Silicon Valley Bank, and the Signature Bank, have completely melted down. The signal clearly is for a world recession sooner than later. The repercussions are now shaking the Credit Suisse bank (the second largest) in Switzerland. If the government leaders in the country are trying to give a rosy picture after obtaining a small amount of IMF loan, and restructuring the debt repayments, it is a complete distortion of the situation.

The loan taking during the last ten fifteen years have been completely irresponsible. There was no transparency. There were no discussions to reveal the plans and objectives and to take inputs from independent specialists and/or the people. The political leaders and the top bureaucrats were not even keeping the accounts or information properly. When it became revealed that Sri Lanka is not able to fulfill the debt obligations, it was a shock to everyone. That was the result of the irresponsibility of the political leaders.

Still they move in the same direction of duplicity. The so-called debt restructuring is often pictured as debt cancellation. These restructured debts must be paid later while the government is still taking loans from countries and multilateral institutions. Apart from debt restructuring, the country needs to restructure the economy. Although some measures have been taken, no clear plan or programme is put forward before the people. The people’s support is imperative for any economic recovery. This is where the conflict resolution is necessary.

Relevance of Conflict Resolution

The last year 2022 was a mess both in political and economic sense. According to reliable figures the economy had contracted by 8 percent. This will not significantly change this year. A global recession will adversely affect the Sri Lankan efforts to resuscitate the economy and develop the country. These are the matters on which the political parties, trade unions and civil society organisations should come to a common understanding. That is one aspect of conflict resolution. However, there are so many other aspects.

Although the open war is over, the Sinhala-Tamil conflict is still a major obstacle for the country’s development and peace. The failure to understand each other, and respect other people’s values and culture is common even among religious, language, cast, gender, professional, regional (up-country vs. low country) and other groups. Under such a situation, peace and conflict resolution should be taught to children from the beginning of school years. There can be a mass movement and a massive effort to fulfill this task transcending political parties, divisions, and groups.

Let us take few examples. On the advice of the IMF, the present administration has declared that over 40 loss-making state institutions would be closed. To my view, this is a necessary measure to manage the economy better, and the support of all groups should be sought. Although not overtly expressed, there can be conflict of views on this and other matters. What are these institutions? What kind of an economic position that they are engaged in? These facts and information should be revealed to the public to open a healthy conflict resolution discussion.

Strengthening Positives

This does not mean that the situation in the country is completely hopeless. The younger generations are quite skillful with modern ideas and views as revealed through social media and new social engagements. Although they are highly frustrated about the present situation, they could be mobilised and motivated for new ventures and paths. It is unfortunate that the present university students are disoriented and discouraged. While curricula should be changed to modern directions, the medium of instruction should be English for future prospects. Sri Lanka should be a modern country and old views, values and practices should be discarded.

During the last two decades, the development trajectory had taken a distorted form. While large infrastructure (ports, airports, major roadways) is a must to the country, they should have been the second priority, giving much prominence to industrial, entrepreneurial, and export-oriented enterprises. What are the main pillars of the economy? Traditional exports (tea, rubber, coconut) have not improved enough with value additions. New exports (textile, garments, gems, and labour) are also a fragile pillar without long term agreements or understandings with importing countries.

Of course, tourism is a promising area although affected by the Covid and political instability in the country. Unless the two major current issues of local government elections and APIT tax are remedied amicably through conflict resolution, the tourism sector also would be badly affected.

On the question of elections, the government is now playing with the idea of a presidential election at the end of this year. Although a presidential election could resolve the de-legitimacy of the present President, the logical step is to have the local government elections first to safeguard and preserve democracy. There can be negotiations, but soon. Even in resolving the tax issue, there should be negotiations and the government can easily reduce some percentage of the tax while trying to resurrect the abandoned files of the people who were excluded from the tax net under the last government.

It is not good for the country to have continuous strikes, protests, and demonstrations that could lead to violence and destroy not only the reputation but also the economic recovery of the country. It is my wish particularly for the universities to commence their sessions/teaching soon and for the students to study well and contribute innovatively to the economy, country, society, and democracy. There should be amicable conflict resolution in this sphere.



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Opinion

Jamming and re-setting the world: What is the role of Donald Trump?

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Abducted President Maduro and his wife being escorted to a US prison. (File photo)

Political commentators have long been divided over the role of U.S. President Donald Trump, particularly following what critics describe as the first-ever sudden military aggression against a sovereign state by a legitimate military force involving direct attacks on security and civilian targets and the kidnapping a country’s legitimate ruler. This act stands in sharp contrast to conventional invasions that were previously justified through various false pretenses. Accordingly, there is little debate that the invasion of Venezuela and the kidnapping of President Nicolás Maduro represents a fundamentally different situation—a new beginning—when compared with the conventional invasion of Iraq and the capture of President Saddam Hussein, or the invasion of Libya and the killing of President Muammar Gaddafi.

It is also evident that this incident marks a clear departure from the long-standing strategies employed against Cuba for more than sixty years and against Venezuela for over a decade, which relied on sanctions, covert operations, and political pressure to subjugate governments and societies or engineer regime change. Although this new model constitutes a serious violation of the United Nations Charter, the UN has failed to take any meaningful action, thereby severely undermining its role and credibility. In the past, when sanctions were imposed on Cuba, leaders from a majority of countries mobilised to submit resolutions to the UN General Assembly and exert pressure on the United States. Under the present circumstances, however, there has been no significant intervention by member states to demand that the UN condemn the kidnapping of President Nicolás Maduro and secure his immediate release.

Such silence, particularly at a time when global public opinion increasingly portrays Donald Trump as operating like a leader of a underworld network, sets a deeply troubling precedent. Consequently, the public has begun to question whether Trump’s new approach has succeeded in imposing psychological barriers on other world leaders who openly challenge American imperialism. Beyond violating the UN Charter by acting as the head of what critics describe as a “terrorist state,” Trump has also imposed psychological pressure on the UN’s own bureaucratic structure by deliberately weakening its institutional foundations.

This strategy is further confirmed by Trump’s announcement that the United States would withdraw from thirty-one United Nations bodies and thirty-five other international conventions and organisations, while also terminating financial contributions. These decisions effectively signal that U.S. solidarity with the international community on climate change, world peace, and democratic governance is no longer a priority.

Earlier funding cuts to the World Health Organization have already forced it to rely heavily on corporate financing. Given the WHO’s significant authority over global food and pharmaceutical markets—and its power to shape the world economy during pandemics—this dependency has created conditions in which global health governance can be heavily influenced by the commercial interests of multinational corporations and billionaires. Research presented by Dr. David Bell indicates that global health regulations during the COVID-19 pandemic contributed to the closure of approximately 200,000 small businesses worldwide while simultaneously creating 40 new billionaires. There is little doubt that the United Nations will face a similar fate under sustained financial pressure.

This trajectory suggests that the United Nations, too, may be compelled to operate increasingly in accordance with the interests of global billionaires. The Public–Private Partnership Agreement signed between the UN and the World Economic Forum in 2019 further reinforces this concern. Following this agreement, the World Economic Forum, meeting in Davos in 2020, advanced the concept of the “Great Reset,” arguing that the world must be re-established through global multilateral institutional systems.

Implicit in this vision is the notion that before the world can be “reset,” it must first be disrupted, Jammed or effectively dismantled.

The World Economic Forum has also promoted the idea of establishing a new form of global governance system through such disruption. Critics argue that the ultimate objective of this strategy is the creation of a “Global Government” controlled by the world’s billionaires. This structure is widely viewed as an extension of the existing global level decision-making system often referred to as the “Deep State,” which operates above sovereign governments. This so-called parastate is understood to consist of entrenched senior officials, intelligence agencies, military leadership, and some corporate actors functioning beyond the authority of democratically elected leaders.

As such a strong global perception has emerged that this parastate is dominated by a small group of roughly one hundred billionaires and reinforced by a network of global media institutions under their influence. At times, President Trump has strategically accused certain U.S. officials of representing this parastate in an effort to distance himself from similar accusations. However, the electoral process that brought him to power, along with the major policy decisions he implemented thereafter, have revealed a close alignment between his administration and the interests of this new global power structure. Increasingly, independent critics argue that Trump himself has functioned as the shadow executive of this global parastate. His rise to power is seen as a critical precondition for advancing the final phase of a broader global roadmap aimed at dismantling and reconstructing the world order. In this interpretation, Trump’s role was to elevate the operational capacity of this system—previously managed more discreetly by other U.S. presidents—to an unprecedented level of intensity.

This transformation of American imperialism was vividly reflected in Trump’s military actions against Venezuela. Initially, familiar tactics were deployed, including economic sanctions, drug-trafficking accusations, naval provocations and arrest of vessels by Coast Guard and unilateral legal actions against President Maduro under the pretext of internal security. Such measures are consistent with long-standing U.S. practices toward states perceived as geopolitical or economic challengers.

However, in the cases of Venezuela and Cuba, political defiance, and close relations with China and Russia have also played decisive roles. The anti-imperialist political identity of leaders in these countries has inspired resistance movements worldwide, which is also explaining the deep hostility directed toward them by U.S. policymakers. Through the kidnapping of President Maduro, Trump sent a stark warning to other anti-imperialist leaders—an unmistakable act of psychological warfare carried out with unprecedented openness.

However, for the parastate to dismantle and rebuild the world as envisioned, a crucial condition must be met which is the restoration of a unipolar world order similar to that which emerged after the collapse of the Soviet Union in 1992. This requires weakening or geopolitically constraining the economic and military power of China and Russia. To achieve this, pro-Chinese and pro-Russian states—particularly those rich in natural resources or located in strategic regions—must be destabilised, subjected to crises, and subjected to regime change. The culmination of this process would involve widespread military tension and a severe global economic crisis, making destruction a prerequisite for reconstruction.

When viewed within this broader framework, Trump’s global strategy becomes more coherent. Russia has been drawn into a prolonged conflict in Ukraine, while China faces escalating military pressure around Taiwan and the South China Sea created through U.S. alliances with Japan and the Philippines.

Simultaneously, renewed efforts are underway to reassert U.S. dominance over Latin America and the Caribbean by disrupting their economic and military relations with China, Russia, and even the European Union—reviving a modernised version of the Monroe Doctrine. At present in those counties US is having highest foreign investment, but China is the largest trading Partners. However, Trump’s use of tariffs as political weapons, often in violation of World Trade Organization principles, further exaggerates this situation.

Trumps interest in acquiring Greenland must also be understood within this strategic context. Greenland’s geographic position between the U.S. and Russia, its growing importance in Arctic shipping routes, and its vast natural resources make it a key geopolitical asset. The expansion of Russian military infrastructure in the Arctic and increased Chinese economic engagement have further heightened strategic value of Greenland. Under the 1951 U.S.–Greenland defense agreement, American military installations and missile- monitoring systems already operate on the island. Beyond military considerations, Greenland’s estimated US$4 trillion worth of oil, gas, and rare-earth resources are critical in light of China’s restrictions on rare- earth exports when have intensified U.S. interest, particularly following the escalation of the trade war in May 2025.

Meanwhile, Trump’s proposal to financially incentivise Greenland’s population to sever ties with Denmark to be annexed to US underscores how sovereign states may be divided and annexed under future strategies driven by global economic elites. Such actions also threaten the stability of NATO, an alliance in which the U.S. bears approximately 70% of defence costs, placing Europe at significant risk of severe conflicts between member countries. Ultimately, these developments highlight the growing role of parastate actors in dismantling existing political, economic, and security systems in to the world to facilitate a billionaire- controlled global order. In that process through funding cuts, public–private partnerships, political manipulation, intelligence operations, and engineered crises, sovereign states are weakened and destabilised. Examples from geopolitically sensitive regions, including Sri Lanka, illustrate how economic collapse and political fragmentation can be externally induced.

The invasion of Venezuela and the kidnapping of its legitimate leader signal a dangerous escalation in this process. Ongoing destabilisation efforts in Iran, coupled with rising tensions in the Middle East and volatility in global energy markets, further increase the risk of worldwide economic and military catastrophe which could be the ultimate precondition for the so called Great-Reset of the world. In this context, sovereign states and the global community must align in the Pretext of Preventing a third world war and recognising the urgent need for an alternative, genuinely independent multilateral institutional system to undermine the ultimate grand strategy of the deep state. In that process the bottom line must be to reverse the unprecedented approach of the President Donald Trump by condemning military aggression in Venezuela and demanding the release of the President Nicolas Maduro immediately.

by Dr. K. M. Wasantha Bandara
Secretary
Patriotic National Movement

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A beloved principal has departed!

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Fr. Stephen Abraham

“When the principal sneezes, the whole school catches a cold. This is neither good nor bad; it is just the truth. The principal’s impact is significant; his focus becomes the school’s focus.” These are Whitaker’s words and they illustrate the predominant role that a principal has to execute in a school. The Wallace Foundation has identified the following as the five key responsibilities of a school principal.

  • Establishing a school wide vision of commitment to high standards and success of all students.
  • Ensuring that learning is at the centre of all activities.
  • Cultivating leadership in others
  • Improving achievement by focusing on the quality of instruction.
  • Managing people and resources at hand.

Rev. Fr. Stephen Abraham is one such principal who fulfilled these commitments at the highest level possible at St. Anthony’s College, Katugastota, for a period of 15 years from 1979 to 1994. He was born on the 15th of February 1933 and ordained a Priest in the Benedictine Order of the Catholic Church on 17 December 1964. His demise was on 21st February 2026, on the fourth day of the period of lent in the catholic calendar. As such he has been in the service of God as a priest for 62 years of his life of 93 years. This article contains extracts from a piece that I wrote when he celebrated the Golden Jubilee of his priesthood in December 2014.

St. Anthony’s College went through a burdensome period after the handing over of the school to the government as the teachers, support staff and parents were baffled about the direction of the school. It is at this stage that Fr. Stephen was appointed as the Principal. In his own inimitable manner he took control with authority and raised the confidence of the staff and the community. This was needed as the confidence was at its lowest ebb and he had the vision to realise that boosting the level of confidence had to be the priority. As the famous quote says “A good leader inspires others with confidence in him; a great leader inspires them with confidence in themselves”. He could not have done this without self-confidence which he had in abundance. Alongside, he laid his emphasis on maintaining a strict code of discipline as it had degraded due to the unfortunate incidents paving way for the handing over of the school.

A quality that any good principal should possess is to be a great communicator. Fr. Stephen had a natural ability to be dexterous with people. He made connections with each person showing them that he cares about their own situations. Through these connections he set high expectations for each individual letting them know that they cannot get away with mediocrity. The articulation and eloquence of his expression convinced people of his opinions and decisions. He is blessed with a sound sense of humour and it helped to ease tensions and resolve conflicting situations. More importantly, he was passionate about his responsibilities as the head of the school and he spent all his time and energy with the sole objective of creating a proper environment for the students to be responsible learners striving for personal excellence. Fr. Stephen was everywhere in the school and knew everything that was happening within the premises and he made himself visible at all times. He fits well with the description of a leader in Harold Seymour’s quotation “Leaders are the ones who keep faith with the past, keep step with the present, and keep the promise to posterity”. No wonder therefore, that he is considered as an outstanding principal.

In 1979 when the school celebrated its 125th anniversary, Fr. Stephen invited His Excellency the President J. R. Jayewardene as the chief guest of the Prize Giving ceremony. His emphasis on discipline is highlighted through this excerpt from his speech at this function. “The progress of any society depends mainly on discipline and discipline is not come by so easily unless the members of the society work towards it. No nation can be great unless its students aspire to greatness. But all this calls for training which is impossible without quality in teaching. Teachers should command the greatest respect in the land. Teaching is not a mere avocation, it is indeed a vocation and a very noble one at that.”

When it comes to educating the youth, Fr. Stephen believed in developing the whole person. This is reflected in the emphasis that he laid not only in the academic arena but also the field of extra-curricular activities. He believed that inculcating, promoting and enhancing values such as compassion, integrity, courage, appreciation, determination, gratitude, loyalty and patience are crucial for the proper upbringing of the younger generation. In 1980, he invited the Prime Minister Hon. R. Premadasa for that year’s prize giving ceremony and in the principal’s address he said “When our young charges leave this emotionally safe and secure world of school with all its disciplines, they must be able to adjust to the wider world in which they must live and work. It is our responsibility to see that they leave the College mentally, spiritually and physically whole, so that they in turn may assume the roles they will be called upon to fulfill in the future”, demonstrating his belief in the advocacy of values.

He identified sports activities as a healthy medium to instill discipline and an acceptable value system and did his utmost in promoting, encouraging and popularising all types of sports in the school. With his foresight and guidance, the school gained new heights in almost all spheres of sports activity. Just to name three great sportsmen who had their grounding in that era are Muttiah Muralidharan – record breaking cricket bowler, Priyantha Ekanayake – a respected past rugby captain of Sri Lanka and president of SLRFU and Udaya Weerakoon – a former national and world inter airline badminton champion.

He did not neglect the expansion of the infra-structure in the school in keeping with the needs of the time. Some of the projects completed during his time were the building of a two-story block of classrooms with the assistance of funds released by the Prime Minister, completion of the indoor sports complex and later a pavilion named after the famous Antonian cricketer Jack Anderson, with the help of the old boys association.

The inspiration that Fr. Stephen Abraham had as Principal within the school community of St. Anthony’s College can be aptly described by John Quincy Adam’s quotation ” May God grant him the eternal reward!

R.N.A. de Silva

The author had his secondary education at St. Anthony’s College, Katugastota, and later served as a member of its staff

rnades@gmail.com

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Future must be won

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DEW

Excerpts from the speech of the Chairman of the Communist Party of Sri Lanka, D.E.W. Gunasekera, at the 23rd Convention of the Party

This is not merely a routine gathering. Our annual congress has always been a decisive moment in Sri Lanka’s political history. For 83 years, since the formation of our Party in 1943, we have held 22 conventions. Each one reflected the political turning points of our time. Today, as we assemble for the 23rd Congress, we do so at another historic crossroads – amidst a deepening economic crisis at home and profound transformations in the global order.

Our Historical Trajectory: From Anti-imperialism to the Present

The 4th Party Convention in 1950 was a decisive milestone. It marked Sri Lanka’s conscious turn toward anti-imperialism and clarified that the socialist objective and revolution would be a long-term struggle. By the 1950s, the Left movement in Sri Lanka had already socialized the concept of socialist transformation among the masses. But the Communist Party had to dedicate nearly two decades to building the ideological momentum required for an anti-imperialist revolution.

As a result of that consistent struggle, we were able to influence and contribute to the anti-imperialist objectives achieved between 1956 and 1976. From the founding of the Left movement in 1935 until 1975, our principal struggle was against imperialism – and later against neo-imperialism in its modernised forms,

The 5th Convention in 1955 in Akuressa, Matara, adopted the Idirimaga (“The Way Forward”) preliminary programme — a reform agenda intended to be socialised among the people, raising public consciousness and organising progressive forces.

At the 1975 Convention, we presented the programme Satan Maga (“The Path of Battle”).

The 1978 Convention focused on confronting the emerging neoliberal order that followed the open economy reforms.

The 1991 Convention, following the fall of the Soviet Union, grappled with international developments and the emerging global order. We understand the new balance of forces.

The 20th Convention in 2014, in Ratnapura, addressed the shifting global balance of power and the implications for the Global South, including the emergence of a multipolar world. At that time, contradictions were developing between the United People’s Freedom Alliance (UPFA), government led by Mahinda Rajapaksa, and the people, and we warned of these contradictions and flagged the dangers inherent in the trajectory of governance.

Each convention responded to its historical moment. Today, the 23rd must responded to ours.

Sri Lanka in the Global Anti-imperialist Tradition

Sri Lanka was a founding participant in the Bandung Conference of 1955, a milestone in the anti-colonial solidarity of Asia and Africa. In 1976, Sri Lanka hosted the 5th Summit of the Non-Aligned Movement (NAM) in Colombo, under Prime Minister Sirimavo Bandaranaike.

At that time, Fidel Castro emerged as a leading voice within NAM. At the 6th Summit in Havana in 1979, chaired by Castro, a powerful critique was articulated regarding the international economic and social crises confronting newly sovereign nations.

Three central obstacles were identified:

1. The unjust global economic order.

2. The unequal global balance of power,

3. The exploitative global financial architecture.

After 1979, the Non-Aligned Movement gradually weakened in influence. Yet nearly five decades later, those structural realities remain. In fact, they have intensified.

The Changing Global Order: Facts and Realities

Today we are witnessing structural Changes in the world system.

1. The Shift in Economic Gravity

The global economic centre of gravity has shifted toward Asia after centuries of Western dominance. Developing countries collectively represent approximately 85% of the world’s population and roughly 40-45% of global GDP depending on measurement methods.

2. ASEAN and Regional Integration

The Association of Southeast Asian Nations (ASEAN), now comprising 10 member states (with Timor-Leste in the accession process), has deepened economic integration. In addition, the Regional Comprehensive Economic Partnership (RCEP) – which includes ASEAN plus China, Japan, South Korea, Australia and New Zealand – is widely recognised as the largest free trade agreement in the world by participating economies.

3.  BRICS Expansion

BRICS – originally Brazil, Russia, India, China and South Africa – has expanded. As of 2025, full members include Brazil, Russia, India, China, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Ethiopia and Iran. Additional partner countries are associated through BRICS mechanisms.

Depending on measurement methodology (particularly Purchasing Power Parity), BRICS members together account for approximately 45-46% of global GDP (PPP terms) and roughly 45% of the world’s population. If broader partners are included, demographics coverage increases further. lt is undeniably a major emerging bloc.

4. Regional Blocs Across the Global South

Latin America, Africa, Eurasia and Asia have all consolidated regional trade and political groupings. The Global South is no longer politically fragmented in the way it once was.

5. Alternative Development Banks

Two important institutions have emerged as alternatives to the Bretton Woods system:

• The New Development Bank (NDB) was established by BRICS in 2014.

• The Asian Infrastructure Investment Bank (AIIB), operational since 2016, now with over 100 approved members.

These institutions do not yet replace the IMF or World Bank but they represent movement toward diversification.

6. Shanghai Cooperation Organisation (SCO)

The SCO has evolved into a major Eurasian security and political bloc, including China, Russia, India. Pakistan and several Central Asian states.

7. Do-dollarization and Reserve Trends

The US dollar remains dominant foreign exchange reserves at approximately 58%, according to IMF data. This share has declined gradually over two decades. Diversification into other currencies and increased gold holdings indicate slow structural shifts.

8. Global North and Global South

The Global North – broadly the United States, Canada European Union and Japan – accounts for roughly 15% of the world’s population and about 35-40% of global GDP.

The Global South – Latin America, Africa, Asia and parts of Eurasia – contains approximately 85% of humanity and an expanding share of global production.

These shifts create objective conditions for the restructuring of the global financial architecture – but they do not automatically guarantee justice.

Sri Lanka’s Triple Crisis

Sri Lanka’s crisis culminated on 12 April 2022, when the government declared suspension of external debt payments – effectively announcing sovereign default.

Since then, political leadership has changed. President Gotabaya Rajapaksa resigned. President Ranil Wickremesinghe governed during the IMF stabilization period. In September 2024, Anura Kumara Dissanayake of the National People’s Power (NPP) was elected President.

We have had three presidents since the crisis began.

Yet four years later, the structural crisis remains unresolved,

‘The crisis had three dimensions:

1. Fiscal crisis – the Treasury ran out of rupees.

2. Foreign exchange crisis – the Central Bank ran out of dollars.

3. Solvency crisis – excessive domestic and external borrowing rendered repayment impossible.

Despite debt suspension, Sri Lanka’s total debt stock – both domestic and external – remains extremely high relative to GDP, External Debt restructuring provides temporary could reappear around 2027-2028 when grace periods taper.

In the Context of global geopolitical competition in the Indian Ocean region, Sri Lanka’s economic vulnerability becomes even more dangerous,

The Central Task: Economic Sovereignty

Therefore, the 23rd Congress must clearly declare that the struggle for economic sovereignty is the principal task before our nation.

Economic sovereignty means:

• Production economy towards industrialization and manufacturing.

• Food and energy security.

• Democratic control of development policy.

• Fair taxation.

• A foreign policy based on non-alignment and national dignity.

Only a centre-left government, rooted in anti-imperialist and nationalist forces, can lead this struggle.

But unity is required and self-criticism.

All progressive movements must engage in honest reflection. Without such reflection, we risk irrelevance. If we fail to build a broad coalition, if we continue Political fragmentation, the vacuum may be filled by extreme right forces. These forces are already growing globally.

Even governments elected on left-leaning mandates can drift rightward under systemic pressure. Therefore, vigilance and organised mass politics are essential.

Comrades,

History does not move automatically toward justice. It moves through organised struggle.

The 23rd Congress of the Communist Party of Sri Lanka must reaffirm.

• Our commitment to socialism.

• Our dedication to anti-imperialism.

• Our strategic clarity in navigating a multipolar world.

• Our resolve to secure economic sovereignty for Sri Lanka.

Let this Congress become a turning point – not merely in rhetoric, but in organisation and action.

The future will not be given to us.

It must be won.

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