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Opposition Leader urges govt. to renegotiate IMF deal

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Sajith Premadasa

Opposition Leader Sajith Premadasa yesterday (08) said that the NPP government should make a serious effort to renegotiate repayment plan in terms of Sri Lanka’s USD 3 bn deal with the International Monetary Fund (IMF) as the country couldn’t, under any circumstances, resume debt repayment in 2028.

MP Premadasa warned that the country was at serious risk of default again. Even if the outcome of the presidential and parliamentary polls had been different the situation would have been the same, Premadasa told The Island, urging President Anura Kumara Dissanayake to revisit the issues at hand without further delay.

Responding to queries regarding the SJB’s response to the developing situation, MP Premadasa said that during last Friday’s sittings he had unreservedly offered the SJB’s backing for NPP’s efforts to renegotiate the deal. “We expect a positive response from President Dissanayake,” he said.

Having polled 1.9 mn votes at the general election held on Nov. 14, the SJB obtained 40 seats whereas the NPP secured an unprecedented 2/3 majority by winning 159 seats.

MP Premadasa told Parliament that the NPP, soon after having secured big wins at the presidential and general polls, had betrayed the country by reaching a consensus with the IMF on the latter’s terms.

Urging the government to reveal its agreement with the IMF in Parliament before 12 Dec., MP Premadasa assured the Opposition’s unconditional support for the government while suggesting the NPP government follow Ghana in addressing debt restructuring or face the consequences.

The SJB leader was referring to the IMF and Ghana recently reaching an agreement in respect of the Extended Credit Facility arrangement on their third review of the West African country’s $3 billion IMF loan programme.

Former Minister Premadasa also questioned whether the recently concluded agreement with the IMF had been formulated in terms of a new understanding between the lending agency and the government or in accordance with the deal finalized during Ranil Wickremesinghe’s presidency.

The Opposition Leader said that the NPP couldn’t meet the expectations of the people if its government remained committed to the existing agreement with the IMF. During the tail-end of Wickremesinghe’s presidency, the Parliament passed the much-discussed Economic Transformation Bill without a vote. The new Act is meant to ensure, regardless of change of government, Sri Lanka remains committed to the original agreement with the IMF.

In terms of the Extended Fund Facility offered to Sri Lanka, the country can receive USD 3 bn over a period of four years.

MP Premadasa found fault with the government for having reached an agreement to resume debt repayment in 2028 though the IMF had given Sri Lanka time till 2033. Sri Lanka in April 2022 announced suspension of debt repayment pending talks with lenders.

Declaring that the IMF agreement touted as a panacea by Wickremesinghe and Dissanayake for all economic ills of Sri Lanka, Premadasa warned the incumbent President that the latter was on a dangerous path.

Comparing the debt-restructuring process undertaken by Ghana and Sri Lanka, the SJB leader claimed that in spite of the firm that handled ISBs (International Sovereign Bonds) also involved in the Ghanaian process the outcome seemed to be very much different.

Sri Lanka would have to pay a very heavy price for agreeing to, what he called, an unfair agreement only to secure extended fund facility at any cost, the Opposition leader said. According to him, the country could end up in a far worse situation if the NPP went ahead with the existing arrangement at the expense of all other sectors, including education, health, fisheries and agriculture.

Asserting that taking an extremist position on the economy could be quite harmful, Premadasa urged the government to adopt the middle path.

The Opposition leader also drew the government’s attention to the end of the suspension of parate executions on Dec 15. He urged the government to take appropriate measures regarding the matter that attracted quote a lot public attention in the past. (SF)



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Former IGP’s death likely due to an accidental weapon discharge

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Wickramaratne

He was examining security officer’s new weapon while waiting for his wife to join him on a morning walk

Friday’s shock death of former IGP Chandana Wickramaratne due to gunshot injuries on his chest was possibly due to an accidental discharge of his personal security officer’s (PSO’s) pistol. Wickramaratne, who was kitted for his walk and waiting on the verandah for his wife to join him, was examining the PSO’s new weapon, knowledgeable sources said.

These sources said the wife who was putting on her shoes inside the house heard a bang and found Wickramaratne fallen on the verandah.

The retired IGP had noticed the security officer carrying a new weapon and had asked to examine it. Saying he carried a similar weapon years ago, he found no magazine and said, “are you planning to accompany me on my walk with a pistol without a magazine?”

The PSO had then handed the loaded magazine and gone into the house to fetch a requested bottle of water when the weapon had gone off.

The sources said that Wickramaratne was in no way depressed and had attended an Ananda College old boy’s event a few days ago, had dinner with friends and chatted with them. He had an appointment to meet a friend on Saturday.

Friends and family saw no reason for Wickramaratne to take his own life and there was no evidence whatever of an external agent shooting him. The former IGP was pronounced dead at the Colombo East Teaching Hospital to which he was rushed.

Police said investigations were proceeding and an autopsy report was awaited.

Wickramaratne was appointed the 35th Inspector General on November 25, 2020 and retired  three years later in 2023. He had also set a record as the longest serving acting IGP since his naming to that position in May 2019 after his predecessor Pujith Jayasundara was sent on compulsory leave.

He joined as a trainee Assistant Superintendent  in June 1986 after graduating from the Colombo University. He was absorbed to the National Intelligence Bureau where he worked till 1995. Thereafter he reverted to the uniform service and had been posted across the country, including the northern and eastern areas at the height of the war.

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Rosy Senanayake appears before CMC corruption probe commission

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This image, taken from Derana TV footage, shows former Colombo Mayor Rosy Senanayake arriving at the Presidential Commission of Inquiry on Friday

Former Colombo Mayor Rosy Senanayake appeared before the Presidential Commission of Inquiry appointed to investigate allegations of corruption and fraud at the Colombo Municipal Council (CMC) on Friday (17).

Speaking to the media after appearing before the commission, Senanayake said she had been summoned to provide information regarding a food voucher programme implemented during her tenure as Mayor amid the COVID-19 pandemic and the economic crisis.

She said the programme, carried out through state-owned Lanka Sathosa, was introduced to provide assistance to low-income and vulnerable families affected by the economic hardships during the period.

“We gave food vouchers from Sathosa to the poor during the pandemic and economic crisis.

They wanted answers to some questions they had regarding the programme,” Senanayake said.The Presidential Commission is currently investigating allegations relating to financial irregularities, corruption and other misconduct within the Colombo Municipal Council.

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Cop suspended after sitting on female cop’s lap

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A police constable has been suspended from service following an inquiry into allegations that he sat on the lap of a female police constable while under the influence of alcohol at the Makalugaswewa Police Station.

Police said the constable had reported for duty at a musical concert held at the Dambulla Gam Udawa Stadium on July 15 and later returned to the police station to resume duties.

According to initial reports, the constable allegedly sat on the female officer’s lap after seeing her seated on a chair at the station.

The female police constable subsequently lodged a complaint with the Assistant Superintendent of Police (ASP) in charge of the area through the Officer-in-Charge (OIC) of the police station.

A preliminary investigation into the incident found that the constable had allegedly been under the influence of alcohol at the time of the incident.

Following the inquiry into the alleged harassment of the female officer and the constable’s conduct while on duty, police authorities took steps to suspend his service pending further action.

by Norman Palihawadane ✍️

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