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Govt. should not deviate from agenda of national needs in discussions to find solutions to crises – Eran
Member of Parliament of the Samagi Janabalavegaya, Eran Wickramaratne has said the country’s crises cannot be resolved only by agreeing to the agendas of multilateral agencies that provide assistance to find solutions to the crises that Sri Lanka is currently facing. When holding discussions with the International Monetary Fund, the government should adopt a strategy to discuss not only their agenda but also to include our agenda of national interest.
Wickramaratne said this while addressing the debate held in Parliament yesterday (10) on the President’s policy statement.
The MP said:
The International Monetary Fund has advised us to revise the electricity tariffs. It has also been said to restructure the balance sheet of the petroleum corporation. It is also said to increase the perimeter of the external credit limit. As of now, our foreign debt is about 30% of the total debt.
Dealings have to be negotiated with other parties who agree to assist in resolving issues. The unique problem for Sri Lanka is the non-availability of dollars. There are also issues with financial problems and a balance of payments related to the budget. But we have no problem with banks. If we do not engage in negotiations to protect our banking system, the emergence of another crisis cannot be avoided.
Wickramaratne asserted that Sri Lanka should not ever consider the domestic debt restructuring proposal in particular. We must be firm in that position. Otherwise, while trying to solve one problem, the country may be pushed into another problem. If a banking crisis occurs, it will take another decade to resolve it.
He said:
In the economic crisis we are facing, the huge problem is the national debt. According to government statistics on public debt, the percentage of debt received from China is 10%. 13% from the Asian Development Bank, 9% from the World Bank, and 47% from sovereign bonds (ISB). 10% from Japan, 2% from India and 9% from all other countries.
Statistics prove that China has actually given more than what was shown in the debt stock. The China Exim Bank has given loans directly to several SoEs with sovereign guarantees and the government has not reported them as government loans. These loans given to public corporations are also government loans and the government itself has to repay them. Also, in Foreign Currency Financing, the amount to be paid to China Development Bank is not included as public debt. From this point of view, the total amount of debt received from China is about 20%.
There are other facts that explain the magnitude of our crisis. Japan’s JICA has stopped the concessional loan of 570 million dollars given for the construction project of the second terminal building at Katunayake Airport. And China’s Exim Bank has also stopped US $ 51 million offered for the construction of the first phase of the Central Expressway from Kadawata to Mirigama, Also, the World Bank announced, on July 29, 2022, that it will not lend to Sri Lanka until macroeconomic stability is established.
“How can the government solve the country’s problems in the midst of such crises” asked Eran Wickramaratne.
The government should understand that these problems cannot be solved just as suggested by other parties involved in the discussion with the government. When holding discussions with the International Monetary Fund, the government should be strategic to include our agenda in the discussion, instead of merely agreeing to follow their agenda alone.
Focusing on the President’s policy statement, Eran Wickramaratne quoted as follows:
“It is imperative to completely eradicate bribery, corruption, and fraud from this society. I will implement a national anti-bribery and corruption policy. We are also approaching combatting corruption with the International Monetary Fund,” declared in that policy statement.
But how can we deviate from the culture of corruption in our country? The main reason for this culture is bribery and corruption. The current Prime Minister also then said that the current President robbed the Central Bank when he was the Prime Minister.
What is clear when studying the history of the last four decades is that there is no way to find out how much the public funds of this country have been looted more or less by the politicians and high officials like chain links by making use of the words democracy, religion, racism and national security in front of them.
Politicians protect their fellow officers who are accused of irregularities and theft. Officers protect their employers – the politicians – and, throughout history, these two parties have been seen sneaking through the loopholes of the law through a soul bond and Wickramaratne demanded that apart from politicians, professionals, too, should come forward in order to build the country.
News
Appointment of SPO to probe AG on hold until establishment of Ind. Public Prosecutor’s Office
The appointment of a Special Parliamentary Ombudsman (SPO) to inquire into the complaints against the Attorney General, as promised in the NPP manifesto, is on hold, pending the establishment of an Independent Office of the Public Prosecutor and provincial Sub Officers.
Authoritative sources told The Island that the Justice and National Integration Ministry was awaiting the recommendations, regarding the new legislation for the establishment of such an Office, from a Committee of Technical Experts, chaired by Justice Yasantha Kodagoda, PC.
Responding to a query raised in Parliament by SJB lawmaker Ajith P. Perera about the delay in appointment of SPO, Justice and National Integration Minister Harshana Nanayakkara said the government couldn’t take a decision until the Kodagoda Committee made recommendations.
Nanayakkara said that the positioning of the SPO couldn’t be decided before they differentiate the powers of the Attorney General and the an Independent Office of the Public Prosecutor and provincial Sub Officers.
According to the NPP manifesto, provincial Sub Officers were to be established under a senior Additional Solicitor General.
Opposition sources pointed out that the relevant Cabinet decision was taken on 7 May 2025. According to the Cabinet Office, the government decided to establish an Independent Office of the Public Prosecutor and provincial Sub Officers in line with a proposal made by the United Nations High Commissioner for Human Rights, in her final report on Sri Lanka, submitted in September, 2024.
By Shamindra Ferdinando
News
UN Population Fund to advise Parliament
The United Nations Population Fund (UNFPA) will provide technical assistance for evidence-based legislative decision-making on demographic resilience, sexual and reproductive health and rights, gender equality, gender-based violence, and harmful social practices, to Sri Lanka Parliament. UNFPA will also provide analytical information to Parliament based on the latest census data and population research.
Parliament and UNFPA recently entered into a Memorandum of Understanding (MoU) in this regard. The MoU was signed by Ms. Kushani Rohanadeera, the Secretary General of Parliament, on behalf of the Parliament of Sri Lanka, and Phuntsho Wangyel, Acting Representative of UNFPA Sri Lanka, on behalf of the United Nations Population Fund. The event was attended by a delegation, including Dr. Aleksandar Sasha Bodiroza, Director for the Asia and Pacific Region of UNFPA.
Parliament said in a statement that the MoU would strengthen the legislative process, enhance the institutional capacity of Parliament, and elevate cooperation between the two parties in policymaking related to population and social development.
UNFPA has agreed to brief Members of Parliament on international policy frameworks, intergovernmental processes, and Sri Lanka’s international commitments related to population dynamics, sexual and reproductive health and rights, and gender equality.
News
SLID welcomes FitsAir as a gold partner to advance strategic corporate collaboration
The Sri Lanka Institute of Directors (SLID) has officially entered into a strategic partnership with FitsAir, Sri Lanka’s first privately owned international airline and a leading low-cost carrier, committed to providing affordable, reliable, and hassle-free air travel formalized through the signing of a Memorandum of Understanding (MoU), marking the onboarding as a Gold Partner of SLID.
This collaboration demonstrates SLID’s ongoing commitment to forming high-impact partnerships with leading corporations, increasing its engagement with the business community, and enhancing value delivery to its members by gaining access to larger industry networks and knowledge ecosystems.
The partnership combines FitsAir’s position as a dynamic and fast evolving player in Sri Lanka’s aviation industry with SLID’s mission to advance corporate governance and Director development. Together, the two institutions hope to provide significant platforms for professional development, cross-industry communication, and leadership engagement.
Commenting on the partnership, Anitra Perera, CEO of the Sri Lanka Institute of Directors (SLID) stated: “SLID’s role as a national platform for corporate leadership and governance excellence is strengthened by our partnership with FitsAir. We are expanding our members’ opportunities to engage with industry innovation, broaden their strategic vision, and benefit from more varied corporate perspectives by integrating a forward-thinking aviation brand into our ecosystem. This collaboration is a practical step toward strengthening leadership development and increasing the value we provide to the business community, in addition to being a symbol of cross-sector alignment.”
Ammar Kassim, Executive Director of FitsAir added: “Our partnership with SLID demonstrates a strategic alignment with an institution that is essential to establishing board-level excellence and corporate governance in Sri Lanka. Through this collaboration, FitsAir is able to improve our leadership presence in the business community, engage more deeply with the corporate sector, and contribute to a larger conversation about sustainable growth and organisational development. We view this as an important platform for the sharing of knowledge and the development of long-term relationships between various industries.”
This partnership’s formalization through a structured MoU demonstrates a shared dedication to long-term collaboration, knowledge exchange, and value generation. Additionally, it represents a growing trend of cross-industry partnerships that strengthen Sri Lanka’s corporate ecosystem’s potential for innovation, resilience, and leadership.
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