Editorial
Loan ecstasy and harsh reality
Friday 2nd September, 2022
The government is cock-a-hoop that it has been able to reach a staff-level agreement with the IMF for a 2.9-billion-dollar loan to be released over a period of four years. Something is certainly better than nothing, but Sri Lanka needs much more to be able to straighten up its ailing economy. Most of all, it has to get its macroeconomic fundamentals right while curtailing waste and corruption.
While the government is crowing about its agreement with the IMF, it is coming under increasing pressure to hold a snap general election. This time around, the call for early polls has come from no less a person than SLPP Chairman, Prof. G. L. Peiris, who has voted with his feet together with a group of ruling party MPs. The SLPP is now like a temple whose head priest has disrobed himself! Could there be a worse indictment of a ruling party than its Chairman leaving it, sitting in the Opposition and calling for an election? The rebel SLPP MPs maintain that the government has lost its mandate to rule the country.
The SLPP has retained its hold on power despite the resignations of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa. SLPP General Secretary Sagara Kariyawasam, MP, has, in a recent television interview, bragged that the SLPP is still governing the country. His argument holds water; the SLPP has a parliamentary majority, which it used to have UNP leader Ranil Wickremesinghe elected President and appoint MEP leader Dinesh Gunawardena Prime Minister. But what the government is doing is against the SLPP’s election manifestos.
A cursory look at the composition of the government will reveal that the SLPP is without any legitimacy and a moral right to rule the country. The number of SLPP MPs in the government has dropped to about 103, according to the Opposition, and the SLPP is retaining power with the help of other political parties whose policies are diametrically opposed to its. The SLPP would never have been able to secure the support of the voters who made its victories possible at the 2019 presidential election and the 2020 parliamentary polls if they had known that it would seek the TNA’s help in Parliament, appeal for economic assistance from pro-LTTE groups, make Wickremesinghe the President, and privatise state institutions, especially profitable ones.
Above all, those who ruined the country’s foreign currency reserves to the tune of several billions of dollars by defending the rupee in spite of expert advice, refused to ask for IMF assistance, opted for disastrous tax cuts, created a rupee crisis and resorted to excessive money printing, thereby worsening the currency devaluation and inflation, are still in the ruling SLPP. How advisable is it to entrust these elements with the task of managing the much-needed dollars to be received from the IMF? One of the main conditions the IMF has laid down is that a robust state mechanism be set up to fight corruption. The SLPP has become a metaphor for corruption due to its involvement in mega rackets such as the sugar tax scam. So is the UNP, which suffered humiliating electoral losses mainly due to the Treasury bond rackets. Can there be a bigger boost to corruption than the coming together of the SLPP and the UNP as partners in governance!
Meanwhile, Japan has undertaken to help Sri Lanka with external debt restructuring, and all Sri Lankans must be grateful to that country for leaping to their defence despite the current administration’s hostile actions such as the cancellation of the Japanese-funded Light Rail Transit project. The SLPP has also caused an affront to Japan by refusing to conduct a proper investigation into a complaint a Japanese diplomat made against a minister in the current Cabinet. In early July, the then President Gotabaya Rajapaksa asked Minister of Ports, Shipping and Aviation Nimal Siripala de Silva to resign following a complaint that the latter had solicited a bribe from a Japanese company. President Wickremesinghe, true to form, appointed a three-member probe committee, which exonerated de Silva, who has since been reappointed to the Cabinet. That the ad hoc committee would whitewash the tainted minister was a foregone conclusion because he had backed Wickremesinghe to the hilt in the presidential contest in Parliament. It may be recalled that, in 2015, a three-member committee appointed by the then Prime Minister Wickremesinghe to investigate the Treasury bond scams cleared Central Bank Governor Arjuna Mahendran. So much Wickremesinghe’s probe committees!
It is being argued in some quarters that the current situation is not conducive to an election, and Chairman of the Election Commission Nimal Punchihewa has also subscribed to this view, which was widely endorsed a few moons ago because an interim all-party government was apparently on the anvil at the time. But the situation has since changed; the government is not interested in forming an all-party administration, and the SLPP leaders are doing more of what they did at the expense of the economy. Corruption, waste and the abuse of power continue unabated. Government politicians and their cronies are enriching themselves through corrupt petroleum and coal deals while the economy is screaming. What they are doing to the economy in distress is like the rape of a disaster victim. If the people are made to wait until all other issues are sorted out to exercise their franchise, there will be nothing left of the economy or democracy by the time of the next election. A clean break with the corrupt SLPP administration has to be engineered without further delay. An early general election seems to be the only way out whatever the practical difficulties it may entail.
Editorial
Self-righteous rhetoric and political circuses
Wednesday 13th May, 2026
Former President Mahinda Rajapaksa yesterday visited the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), made a statement on the Airbus bribery scandal and returned home. A large number of his supporters flocked to Colombo to pledge solidarity with him. Speaking at a District Coordination Committee meeting at the Matale District Secretariat yesterday, President Anura Kumara Dissanayake stated that nobody was above the law, and anyone could be questioned in an investigation. He claimed that his predecessors had violated the Constitution and committed other offences, with impunity. His reference was obviously to President Rajapaksa making a statement to the CIABOC. By making that claim, President Dissanayake left room for allegations that he has a vested interest in the ongoing Airbus scandal investigation and defends the CIABOC action against Rajapaksa.
Yesterday’s show of strength near the CIABOC was organised by the SLPP. It is an affront to the intelligence of the public for anyone to claim that it was the result of a spontaneous outburst of public anger at an alleged move to frame former President Rajapaksa. Such protests are tantamount to attempts to intimidate the CIABOC. It is the organisers of such events who were responsible for Rajapaksa’s defeat in the 2015 presidential election and his ouster as Prime Minister in 2022, when they acted like the proverbial monkey that killed his sleeping royal master by striking a mosquito with the king’s own sword. They attacked the peaceful Aragalaya protesters at Galle Face, triggering widespread retaliatory attacks. The rest is history.
President Dissanayake yesterday said in Matale that his government had ensured that nobody was above the law and urged the public to bring instances of selective law enforcement, if any, to his attention. Is he unaware that the NPP politicians are more equal than others before the law? Kumara Jayakody was not arrested over the coal procurement scam, which is believed to have caused a loss of more than Rs. 10 billion to the state coffers, and led to a situation where a colossal amount of diesel has to be burnt daily to produce power to meet a generation shortfall at Norochcholai due to the use of low-grade coal imported by a company favoured by the government while Jayakody was the Minister of Energy. Power tariffs have been increased to recover the losses caused by the substandard coal imports. It may be recalled that Keheliya Rambukwella was arrested and prosecuted during the previous government for procuring substandard medicines while he was the Health Minister. That administration initially defended Rambukwella but did not stoop so low as to prevent his arrest and make a cover-up attempt by setting up a presidential commission of inquiry to probe all drug procurement issues in the Health Ministry under successive governments. President Dissanayake has appointed a presidential commission to investigate alleged irregularities in coal procurement since 2009! They must be probed, but the allegations against Jayakody are so serious that they should have been investigated separately on a priority basis.
Ironically, while President Dissanayake was waxing eloquent about his government’s commitment to upholding the rule of law, bashing his predecessors for having violated the Constitution, and claiming that his government had ended the culture of impunity, the Joint Opposition levelled a very serious allegation against him. Former Minister of Justice and Constitutional Affairs Prof. G. L. Peiris, addressing the media in Colombo, said that at a recent May Day rally, President Dissanayake had committed a serious offence by asking the public to get ready to hail the judgement to be delivered in a court case on 25 May. Pointing out that only the judge who heard a case was privy to the judgement therein before it was delivered and could not inform a third party of it or have any discussion thereon, Prof. Peiris said interference with the judiciary was a very serious offence, according to the Constitution, and a person who committed it was liable to one-year imprisonment and the suspension of civic disabilities for five years. He said the Joint Opposition had brought the President’s statement at issue to the attention of the Chief Justice and would take it up with international professional associations.
The public may not have a high opinion of the Opposition, which has quite a few tainted politicians among its ranks, but shouldn’t the JVP-NPP government and their leaders turn the searchlight inwards and put their own house in order before preaching to others about the virtues of good governance?
Editorial
Enriched uranium and poverty of scruples
Tuesday 12th May, 2026
US President Donald Trump yesterday rejected Iran’s response to his peace proposal. He wants the conflict ended on his own terms, but Iran is not amenable to that idea. Oil prices have gone up again.
The economic cost of the US-Israeli war on Iran is incalculable, as is obvious. There has been a welcome pause in the conflict, thanks to a fragile ceasefire, but economies across the world are still reeling due to a global energy crisis. CEO of Saudi Aramco Amin Nasser is of the view that the world has lost about one billion barrels of oil over the past two months, and it will take energy markets a considerable time to stabilise even if the oil supplies resume via the Hormuz Strait, the closure of which has curtailed shipping and sent energy prices through the roof. It is not only energy supplies that have suffered due to the US-Israel military campaign; many countries are experiencing crippling fertiliser shortages as well, so much so that the Food and Agriculture Organization of the UN has warned of a possible decline in global agricultural output. Most of all, the human cost of the war has been enormous for Iran.
Israeli Prime Minister Benjamin Netanyahu, who considers the war on Iran a dream come true for him, and is trying to turn his country’s military might into political gain, has reportedly said that there is still “work to be done” in Iran. He says Iran has retained many of the capabilities it had at the start of the war. Iran has not given up its enriched uranium or dismantled its nuclear sites, he has said. This claim is at variance with President Trump’s statement that the US military has “beaten and completely decimated” Iran. Netanyahu himself has also bragged that Iran has been militarily weakened as never before.
Netanyahu wants enriched uranium in Iran removed urgently. He says that can be done as part of an agreement to be reached. He has stopped short of mentioning any timeline for the proposed task. Trump has expressed a similar view. An Iranian news outlet linked to the country’s armed forces has denied reports that Tehran agreed to allow its enriched uranium stocks to be removed as part of talks with the United States. Thus, the uranium issue is sure to stand in the way of finding a lasting solution to the West Asia conflict, saving lives and properties and facilitating uninterrupted energy and fertiliser supplies via the Hormuz chokepint.
The US-Israeli military campaign has apparently strengthened Iran’s resolve to acquire nuclear capability. In a world where nuclear weapons are the currency of power, Tehran is not likely to give up its nuclear programme. Any country with nukes is a danger to the world, but only the US has so far carried out nuclear attacks. Not even North Korea has done so. Those who got a head start in the nuclear race decades ago have built huge nuke stockpiles, which are believed to be sufficient to blow up this planet several times over. The new world order based on the law of the jungle has left many countries struggling to safeguard their independence, and some of them are pursuing their nuclear ambitions in keeping with what can be described as the de Gaulle doctrine.
Charles de Gaulle rightly argued that no country without the atomic bomb could properly consider itself independent. He maintained that national sovereignty required an autonomous nuclear force, which he called the force de frappe, which alone, in his opinion, was the ultimate guarantee of political independence and great-power status. So, it is only natural that countries that feel threatened and have the wherewithal are trying either to shore up their nuclear stockpiles or to arm themselves with nukes.
While Trump is devising ways and means of grabbing Iran’s enriched uranium, in a dramatic turn of events, the FBI and other federal agencies have launched investigations into the deaths or disappearances of about 10 top US nuclear and space scientists, according to international media reports. US House Oversight Committee Chairman James Comer has suggested, in an interview with Fox News, that there has been a foreign involvement in these deaths and disappearances. Republican Congressman Eric Burlison has claimed they have “all the hallmarks of a foreign operation” and cited China, Russia and Iran as potential lines of inquiry.
Self-righteous powerful nations’ calls for nuclear non-proliferation to make the world safe ring hollow. If the much-peddled argument that no more countries should acquire nuclear capability to ensure global safety is to gain credibility and wider acceptance, the proponents of it must accelerate nuclear disarmament, decommission their arsenals and lead by example. Most of all, they ought to take cognisance of what US President Dwight D. Eisenhower said in his famous “Cross of Iron speech” on war in 1953, highlighting the opportunity cost of military spending and stressing that resources used on weapons are stolen from the people struggling to meet their basic needs: “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed.” How true!
Editorial
A potential problem to be managed
Monday 11th May, 2026
Tamilaga Vettri Kazhagam (TVK) leader Chandrasekar Joseph Vijay has achieved his chief ministerial dream in Tamil Nadu, with the help of some other parties, including the Congress. His meteoric rise to power was possible mostly due to his popularity as a film star, his unrealistic promises and a massive protest vote fuelled by anti-politics. Winning elections is one thing, but living up to people’s expectations by fulfilling campaign promises is quite another. In politics, a beginner’s luck rarely lasts long. If implemented, the freebies promised by Vijay to garner favour with voters, are estimated to account for more than 50% of Tamil Nadu’s tax revenue. Thus, Vijay has his work cut out to prevent his first chief ministerial term from facing the same fate as his first film, which reportedly became a box office bomb.
The paradigm shift in Tamil Nadu politics has sent the Colombo commentariat into overdrive, with divergent assessments of its implications for Sri Lanka and Indo-Lanka relations. Some commentators are of the view that Vijay’s anti-Sri Lanka utterances were mere campaign rhetoric; Vijay himself will forget them with the passage of time, and even if he wants to pursue his pledges, especially the one to retrieve Katchatheevu, there will be nothing he cannot do, as New Delhi considers the issue long settled. The proponents of this argument have apparently ignored the fact that the Indian Centre is swayed by Tamil Nadu, and New Delhi has even resorted to extreme measures to appease the Tamil Nadu politicians and further its own interests at the expense of Sri Lanka. India trained, armed and funded pro-Eelam terror groups, and rammed the Indo-Lanka Accord down President J. R. Jayewardene’s throat in 1987, paving the way of devolution. India was hoist with its own petard, with the LTTE turning against it, a few years later, and the situation changed.
The current world order is anything but “rules based”. International pacts, accords, covenants, treaties, charters, etc., become worthless when the powerful signatories thereto feel like violating them. The US has violated the UN Charter, perhaps for the umpteenth time, by abducting President of Venezuela Nicolás Maduro and his wife. It has also carried out unprovoked air strikes on Iran, killing its Spiritual Leader and thousands of civilians besides destroying assets worth billions, if not trillions, of dollars.
It has been alleged that at the height of the 2022 uprising here, following the forced resignation of President Gotabaya Rajapaksa, Indian High Commissioner Gopal Baglay pressured Speaker Mahinda Yapa Abeywardene to take over the presidency in violation of the Constitution. Abeywardene told Parliament subsequently that the goal of those who tried to force him to appoint himself the Acting President was to plunge this country into anarchy. Baglay allegedly acted in violation of the Vienna Convention on Diplomatic Relations, which requires diplomats to refrain from interfering with the internal affairs or politics of the host countries. Curiously, this very serious allegation remains unprobed though the grandees of the JVP-NPP government and the SJB-led Opposition wrap themselves in the flag and often declare their commitment to protecting the national interest.
The possibility of the new Tamil Nadu administration escalating the issue of illegal fishing in Sri Lankan waters to such an extent that New Delhi may feel compelled to intervene more assertively, if not aggressively, cannot be ruled out. In 2013, the then Minister of Fisheries and Aquatic Resources Development Dr. Rajitha Senaratne disclosed that certain Tamil Nadu politicians owned trawlers and rented them out on the strict condition that they be used for poaching in Sri Lankan waters. These troublemakers are likely to step up their illegal fishing operations to belittle Sri Lanka’s sovereignty and bring New Delhi and Colombo on a collision course.
Responses to vital bilateral issues should not be grounded solely in suspicions and perceptions if they are to be workable. Tamil Nadu politicians’ hostility towards Sri Lanka is a problem to be managed diplomatically. Foreign relations are layered and dynamic, and diplomacy requires calibrated responses to contentious issues. It is, however, prudent to be cautious.
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