Opinion
Delta, Drugs, Dematagoda, Data, Disorder and Deluge
By Dr. Pradeep Kariyawasam
(Former Chief Medical Officer of Health)
Chairman, Standing Committee on Health, Colombo Municipal Council
The Delta virus, which sneaked into the country by the middle of June this year, has made its way to almost all four corners of the country, due to lack of proper control measures. How did this happen? It is an interesting question as we have taken many measures to check on passengers that can bring it to this country from India, the UK or other countries where it is spreading fast these days. Although the guidelines changed with time about PCR tests and quarantine periods for foreign travellers, and locals who re-enter our land, they are quite adequate to prevent any entry of the virus with such travellers. Then how it was found in the Dematagoda area, in Colombo, was the million-dollar question.
Alpha variant
Previously, when the Alpha Covid-19 virus started to spread in the country, the Health Authorities always said they could connect the patients to a previously ill one and that there was no community spread. Some blamed the tourists who came from Ukraine or airline crew who rested in a hotel near Katunayake for spreading the virus in this country. These are far-fetched ideas considering that they were traveling in Bio-bubbles and were tested, and the locals involved in that operation also were monitored. Then the blame was put on the firm Brandix.
True they were lax in not understanding the importance of keeping away employees who were down with flu symptoms. If they did that under proper guidance, they would have helped at least to slow down the spread in the country as I believe that virus was in the community before entering their facility. I wonder whether a proper epidemiological investigation was ever conducted on how the virus entered that factory and then spread all over the country. Anyway, the results were never made public. So may be that there were other sources that spread the virus here.
Indian experience
How could that have happened? Our neighbour is India. Both Alpha and Delta variants were in India and at first the Alpha was the predominant variant which was later replaced by the Delta variant. Considering that our airports were on the lookout for passengers with the Covid-19 virus that was a little chance that it could sneak into the country easily. This disease is a communicable disease – spread from one person to another. It cannot come from the wind, blowing through India, although they say it remains in the air for 16 hours and that also obviously not in open air but in closed premises. I believe that this disease came to our island through the unofficial travelling between India and Sri Lanka. When one checks even today for the places where the disease is found, most of them are from coastal areas, even in the East or North. The lowering of the number of PCR, or antigen, tests carried out may be the reason why this was not detected earlier in these areas and this is the price that we have to pay. Talking of PCR and antigen tests I think carrying out random tests is like trying to find a needle in a haystack. What we should do in this late hour is target high risk areas, and, to do that prepare a grading system even for the city where history has shown where the communicable disease outbreaks happened before.
Unofficial travelling between the two countries was in existence for over 50 years. I remember when I was a school- boy, I visited Jaffna and found that people travel by boat to Madras just to watch a movie and then return the same night. Smuggling of sarees, cloth, shoes, etc., were well known and Valvettithurai was notorious for that. Coconut oil and soaps left our shores as far as I remember. Even during the war, arms were smuggled from India. Now I believe that the Delta virus arrived in Sri Lanka with the smugglers of heroin, or Kerala Ganja, when they creep into the country somehow despite many efforts by the Navy to stop it. Of course, it is the people who are infected with the virus from India that may have given it to our people, both smugglers and fishermen, but internally it was spread again from well-known drug selling areas. Dematagoda is one such well-known area for drug distribution. Patients were also found in Galle and Jaffna districts initially. These also could be areas where drugs are unloaded by the smugglers. So, there is an obvious nexus between drugs and the Delta virus spread in this country.
Dematagoda detections
When the Delta virus was found in Aramaya and Albion Roads, in Dematagoda, the obvious thing to do was put all resources to that ward and try our best to stop spreading it to other areas. A lockdown was imposed but when I checked at that time, I was told that people were roaming the streets nonchalantly. PCR testing was conducted but we do not know the numbers and no proper special vaccination programmes were conducted in that area. I think the Colombo Municipal Council and the Ministry of Health lost a golden opportunity to either stop the spread, at least in the city of Colombo, and the district, or at least slow the transmission to controllable levels. The reason is there were no Epidemiologists who have previous field experience involved in the decision-making and lack of understanding how epidemics can create havoc within a short period and of the need to nip them in the bud. What should have been done was firstly make the people in Dematagoda aware of the situation by getting the Public Health staff go from house to house and at the same time get the information out about people who have symptoms of Covid-19 from the residents or the community leaders. In the past, when I was the Chief Medical Officer of Health, I used this tactic to control disease outbreaks.
We had Health Educators who deployed Health Instructors, a category of public health workers who were only at CMC, courtesy the late President Ranasinghe Premadasa, who did this work. They formed Community Development Councils trained community leaders on community development, provision of basic amenities, hygiene, disease control and the need of Community Participation for the greater good of the people. Today instead of the 600-odd Community Development Councils that we had at that time just a handful are left and that also thanks to the senior Members of the Municipal Council. The cadre and the numbers of Health Educators, instructors have been reduced by people who have not an iota of an idea of the importance of such people in controlling disease outbreaks, creation of awareness and getting community participation. Unfortunately, in their hour of need the residents of Dematagoda did not get that help although MMCs in that area did their best to help the people. No Health Education work or awareness campaigns were done in the area except a vehicle going around announcing the outbreak just on one day according to residents.
New health instructors
The CMC appointed new Health Instructors recently but unfortunately those who got the appointments were already CMC staff members but it should have been young school leavers as it happened during the Premadasa era as the Minister wanted some knowledgeable youngsters to educate the public in slums and shanties.
Now, we have the Delta virus which is officially making around 3500 persons ill every day and perhaps double that number with symptoms are not seeking medical attention, and a further two to three thousand, who do not realise that they have the virus, are in the community. In any epidemic this is the case according to studies. Already we have 150-170 deaths a day, again officially, which is causing a mounting concern about the next few weeks where we may have around 600 deaths a day according to some sources.
Third wave
Lack of proper data is a great concern and I have been mentioning this issue for a long time now. When the third wave started there were nearly a 100 patients who died in their homes without either seeking medical help or not getting it. This is the lack of communication between the CMC and the city dwellers that I had highlighted earlier. In order to find out the reasons for home-deaths I wrote to the Chief Epidemiologist as the Chairman of the Standing Committee of Health & Sanitation to give me data about such deaths so that we at the Municipal Council can discuss the issues and take appropriate issues. I never heard from him. Some of this information is also available with the Municipal Council but it is a jealously guarded secret! Knowing the value of data and information I initiated the GIS for Health Information, way back in 1998 at the CMC as the Epidemiologist for CMC, a newly designated post created by former CMOH, the late Dr. Suranjan Silva. If that system was properly developed, by now we could have been in a position to indicate where the virus is and where it would go next and take appropriate action. We cannot control this epidemic with cooked up data. Every patient is important and so are their contacts. Unfortunately, today when someone gets ill and when they are asked to stay at home sometimes no one contacts them and the contacts are left alone to do whatever. This has become an impossible task and at least in the future the government should take measures to increase the numbers of PHIs, Midwives, Health Educators by 100% at least rather than have management and development assistants in their hundreds in offices.
Then comes the fact that now it is time to apply the theory that if humans don’t move the virus will also not move. But see what happened in the recent past. Protests, demonstrations and marches were allowed to take place in many areas in the country. It is a shame that teachers took the government to ransom to settle a 24-year dispute giving a wrong message to the society and no wonder we have undisciplined citizens in the country who have been brought up by the education system and that is clearly seen by the way they behave on the roads.
Shunning responsilibity
Although Inter-provincial travelling was banned, people got down from busses and walked across bridges and later hopped into a bus on the other side. Where is the social responsibility of the people who should understand that there is something that every one of us should contribute to get rid of this scourge? At least now let them realize that it is not the busses that move the virus but people! This is a land like no other.
All this points to a deluge of death and morbidity that we may have to face in the next few weeks if some thing different will not be done soon. We have a new Minister of Health and may be there should be new faces in the Covid-19 Task Force. They should infuse new thinking of how to prevent the spread than increasing the PCR testing and vaccination. The people should take part in this exercise and all local social organisations in the profiting from respective areas should be taking part in such activities but not be vigilantes so as to not push people who go down with Covid-19 out of their areas. While we encourage people contributing to this cause, we also have to get rid of people who profit illegally from this national disaster.
Already there are allegations of selling of vaccines, profiting from PCR testing, handing over the disposal of dead bodies from private hospitals to funeral parlours for considerations, hotels paying commissions to officials for directing patients and many more. These should be investigated properly and if the allegations are true then the culprits should be brought to book.
Way forward
What should be the way forward? I am totally against Lockdowns by the types we had earlier. That also promotes indiscipline as Lankans love to somehow circumvent the law and have their own way. It is better to have curfews but not for long periods but maximum for about a week and that would be better than loose four weeks travel restrictions and or so called-lockdowns. So let it be a curfew from this Saturday or Monday! This will also not harm the daily wage earners much. But please give at least three days of notice and see that the elite also not travel through provinces by this date armed with travel permits. In the future we have to take quick, strong and timely action to stop the transmission of the disease. For that we need proper data and maps before taking decisions. We must put the Epidemiology Unit in the fore-front of Covid-19 control now. If necessary, the Government should bring back those who have retired and put each province under one of them. The data provided now is not worth to take informed decisions. There should be enough young medical officers with IT knowledge who can bring out great analysed data and maps who can be put to work at the main Unit. But please share the data with others. Show the people where the disease is so that they avoid such places.
Data has shown that eight out of 10 people should stay at home for the corona virus to be controlled. This is an important message as sometimes even the vaccinated get ill. So, what can be done? What can be suggested is that at any time or any day both the Public and the Private Sectors should have only 20% of their office staff at work at least until the end of the year after the initial curfew. All government departments, businesses or institutions should have their own Covid-19 prevention health protocols in place catering to the specific needs of such places.
This is important especially for government institutions. Not only inter-provincial travel should be banned but even inter-district travel should be only for the essential staff. The manufacturing industry can have all their staff in bubbles by providing the staff with lodgings. The factories should reduce staff levels to 50% of the staff but with longer working hours having weekly rotations. The same goes for the building industry. They can have night shifts. The staff can be allowed home once a fortnight after being tested with a rapid antigen test. Private transport for the staff is important and that goes for the government workers also. They can use the school vans which are idling now. Those drivers and conductors in the transport services also should be vaccinated as a priority.
Task Force
As I had mentioned in an earlier article, the Covid-19 Prevention Task Force should work in smaller sub-committees: Disease Control; Security; Logistics, Vaccine procurement and delivery; Hospital Management; Economics, Manufacturing, Agriculture and Trade; Ambulance Service, etc., and meet the Task Force with their own decisions which should be conveyed at the meetings with the Head of the Govt. That meeting should be for only the key officials from these sub-committees or those who are invited specially to hear their opinions. Public Health staff should engage with local communities in the MOH areas to build trust for evidence-based actions to detect possible cases and encourage local leaders to support outbreak control response measures. Strategic decisions with regard to control measures should be taken at central level by an Expert Panel comprising of Epidemiologists, Virologists, Public Health and Hospital administrators. Keep out the ‘Wannabe Epidemiologists’ stupid ideas such as vaccinate people in ‘Virgin Areas’. They do more harm than good as too many cooks spoil the soup. A true Epidemiologist with years of experience gets a gut feeling of what should be done next. All vacancies for health staff should be filled at least temporarily especially, those in the public health workforce. Border control should be strict especially in the northern seas to prevent Delta virus entering the country. Fishermen should be told not to mix with Indian fishermen. All decisions should be based on guidelines, policies and decisions of the Task Force or Presidential directives based on worked out strategies, the analysed information, maps, risk assessments, and the epidemiological situation. The basic messages to the general public should be to wear a mask, wash the hands, keep social distance, get vaccinated, go for self-isolation and get medical help if they suspect they have the disease, home quarantine if required, etc. It is a must to have proper communications with people in the area and the health staff comprising of the field officers are the best to do this. Private or Government institutions not following guidelines and causing outbreaks should be taken to task severely. Stop all gatherings of people.
Natural decline
This epidemic will only stop due to natural decline that will happen when most of the people will get ill even mildly and have immunity against Covid-19 or by vaccination of the population as Israel did for their citizens. Considering the fact that even people in Dambane are down with the disease I think the former will win the race. But the latter should be our priority. People should as early as possible get their doses of the Covid-19 vaccine, whether it is the AstraZeneca, Sputnik V, Sinopharm or Pfizer vaccine that is available in their area. If we want to stop a deluge of deaths in the country this should be done immediately. All people over the age of 18 in high population density areas where the disease affected large numbers should be vaccinated and people in Colombo’s poorer areas should be given the priority and not the people with connections, power or money. We have to prevent Covid-19 but not at the cost of ruining the livelihoods of the people, especially the daily wage earners.
Opinion
U.S. foreign policy double standards and Iran’s Iron theocracy
The world’s most theatrical stage
Welcome to the Grand Circus
If global geopolitics were a TV show, it would be cancelled after the first season for being too unbelievable. Consider the plot: the world’s largest arms exporter lectures others about peace; a government that executed over 500 people in a single year tells its citizens it governs by divine law; and international bodies created to enforce rules seem to apply those rules with remarkable … flexibility. Welcome to the real world of international relations, where the rules are made up and the principles don’t matter.
This analysis examines two of the most consequential actors shaping global instability today: the United States of America, a democracy that can’t quite decide whether it believes in democracy, and the Islamic Republic of Iran, a theocracy that has perfected the art of punishing its own people for simply existing.
Episode I: The United States, ‘Do as I Say, Not as I Do’
The Democracy Export Business
The United States has, for decades, positioned itself as the global guardian of democracy, freedom, and human rights. It is a noble brand. The marketing budget alone, in the form of military expenditure at $886 billion in 2023, is staggering. And yet, the product being sold and the product being delivered have often been … different things.
The CIA-backed coup of 1953, codenamed Operation Ajax, removed Iran’s democratically elected Prime Minister Mohammad Mosaddegh and reinstated the autocratic Shah Mohammad Reza Pahlavi, primarily to protect Anglo-American oil interests.
Nuclear Exceptionalism: The World’s Worst-Kept Secret
The United States currently holds approximately 5,044–5,177 nuclear warheads (depending on the source and year), while Russia being the largest with a stockpile estimated at approximately 5,580 warheads. yet it leads international campaigns demanding that other nations not develop nuclear weapons. This is a bit like the world’s most heavily armed person standing at the door of a gun shop, telling customers they cannot purchase firearms.
Furthermore, Israel is widely believed to possess 80–90 nuclear warheads. The United States has never imposed sanctions on Israel for this. India and Pakistan, both outside the NPT, were rewarded with nuclear cooperation deals after the tested nuclear weapons.
The Saudi Arabia Paradox
Perhaps, no relationship illustrates U.S. foreign policy hypocrisy more vividly than Washington’s alliance with Saudi Arabia. The Kingdom is an absolute monarchy with no elections, no free press, where women were legally barred from driving until 2018, and where the murder of journalist Jamal Khashoggi, carried out, according to U.S. intelligence, on orders from Crown Prince Mohammed bin Salman, resulted in … arms sales continuing and diplomatic ties intact.
The United States sold Saudi Arabia over $37 billion in arms between 2015 and 2020, weapons used in a Yemen war that the United Nations described as one of the world’s worst humanitarian catastrophes. Yet the U.S. simultaneously held press conferences about human rights. The cognitive dissonance is not a bug. It is the feature.
Iraq: The Weapons of Mass Distraction
In 2003, the United States invaded Iraq on the basis of alleged weapons of mass destruction (WMD) that did not exist. The invasion resulted in an estimated 150,000–1,000,000 Iraqi civilian deaths depending on methodology, the displacement of millions, the destabilization of an entire region, and the rise of the Islamic State, none of which appeared in the original brochure. The officials responsible for this foreign policy catastrophe faced no international tribunal. No sanctions were imposed on the United States. Several architects of the war are today respected media commentators.
Meanwhile, the International Criminal Court (ICC), an institution the United States has never ratified, is expected to hold others to account for far lesser offenses. As of 2024, the U.S. has actively sanctioned ICC officials who attempted to investigate American personnel for potential war crimes in Afghanistan.
Episode II: Iran, The People’s Nightmare
Iran’s political system is built on the concept of Velayat-e Faqih, the Guardianship of the Islamic Jurist, a political-theological doctrine holding that a senior Islamic cleric should govern society. In practice, this means that Supreme Leader Ali Khamenei, unelected by the general public, holds veto power over all branches of government, controls the military, the judiciary, state media, and the powerful Islamic Revolutionary Guard Corps (IRGC).
The elected president, whether ‘moderate’ or ‘hardliner’, operates within a system where real power resides with the Supreme Leader and an unelected Guardian Council that vets all candidates and can disqualify anyone it deems insufficiently Islamic. In the 2021 presidential election, the Guardian Council disqualified over 590 candidates out of 592 who applied. The word ‘election’ is being used loosely here.
Women’s Rights: A Systematic Dismantling
Since the 1979 Islamic Revolution, Iranian women have endured one of the most comprehensive rollbacks of rights in modern history. Within weeks of the revolution, mandatory hijab laws were imposed, women were barred from serving as judges, and the minimum marriage age for girls was reduced to 9 years (later revised to 13 in 1982). This was not incidental policy; it was ideological architecture.
Today, Iranian women face legal discrimination across virtually every domain. Under the Iranian Civil Code, a woman’s testimony in court counts as half that of a man’s. Women cannot travel abroad without the written permission of their husband or male guardian. Married women cannot work without spousal consent in many circumstances. The diyeh (blood money) for a woman’s life is legally valued at half that of a man.
In September 2022, 22-year-old Mahsa (Zhina) Amini died in the custody of Iran’s Morality Police, after being arrested for allegedly wearing her hijab improperly. Her death triggered the Woman, Life, Freedom uprising, one of the largest protest movements in Iranian history. The government’s response was to kill over 500 protesters, arrest more than 19,000, and execute at least four people in connection with the protests by early 2023.
The IRGC and State-Sponsored Repression
The Islamic Revolutionary Guard Corps is a military-economic-political entity unlike any other in the region. It controls an estimated 20–40% of Iran’s economy through businesses, construction contracts, and import monopolies. It commands proxy militias across Iraq, Syria, Lebanon, and Yemen. And it suppresses domestic dissent with a ruthlessness that has drawn consistent condemnation from United Nations human rights bodies.
Amnesty International’s 2022-2023 annual report documented the IRGC and security forces using live ammunition, birdshot, and metal pellets against protesters, deliberately targeting eyes, resulting in hundreds being blinded. The UN Special Rapporteur on Iran documented ‘serious, widespread and systematic human rights violations’ constituting potential crimes against humanity.
Episode III: Where the Two Hypocrisies Meet
The relationship between the United States and Iran is, in many ways, a story of two entities who deserve each other in the sense that the behavUior of each government has fed the domestic narrative of the other for decades.
Washington uses Iran as justification for its military presence in the Gulf, its arms sales to autocratic Gulf states, and its general posture as indispensable regional hegemon. Tehran uses American hostility and sanctions as justification for economic failure, political repression, and nuclear advancement. Both governments’ hard-liners need each other to remain in power.
The Iranian people, 85 million of them, majority under 35, highly educated, and overwhelmingly wanting engagement with the world, are trapped between a government that treats them as subjects and an international sanctions regime that punishes them for their government’s choices. The American people, meanwhile, continue paying for a foreign policy architecture that serves arms manufacturers, defense contractors, and geopolitical abstractions more than it serves democratic values or human security.
Some Uncomfortable Truths
The United States is not the villain of every story, nor is Iran irredeemably authoritarian in the hearts of its people. What is consistent, and what this analysis has documented, is that both governments operate by standards they refuse to apply to themselves.
Tehran’s theocratic governance has failed its population economically, politically, and most visibly in its treatment of women and dissidents. The Woman, Life, Freedom movement showed the world what Iranian society wants. The government’s violent response showed the world what the Islamic Republic fears.
The lesson, uncomfortable as it is, is that powerful states, whether wielding aircraft carriers or theology, tend to exempt themselves from the rules they want others to follow. The only antidote is an informed public that refuses to accept these double standards as the natural order of things. Read critically. Follow the money. And remember: when a government tells you it acts in the name of God or democracy.
(The writer, a senior Chartered Accountant and professional banker, is Professor at SLIIT, Malabe. The views and opinions expressed in this article are personal.)
Opinion
SLC Grants to clubs and associations under scrutiny
The scale and manner of grant distributions underscore the urgent need to rectify the weaknesses identified by the Auditor General. Remarkably, the accounts for the years 2024 and 2025 are still not published and only the 2023 accounts are available for public scrutiny.
Grants to clubs and associations increased from LKR 1.30 billion in the prior year to LKR 2.46 billion in 2023, representing an escalation of over LKR 1.15 billion year-on-year. These grants were distributed among 36 recipient clubs and associations, with individual allocations ranging from approximately LKR 1.5 million to almost LKR 300 million. Such wide variation and substantial growth warrant clear public disclosure of the allocation framework, the approval processes, and the beneficiary criteria.
While it is understandable that higher profitability enables greater financial support to clubs, the absence of a transparent, rule-based grant policy gives rise to governance concerns, and unless properly explained, leaves room for malicious or unfounded allegations that grant allocations may be used to influence voting behaviour or entrench existing officials. Robust disclosure and effective oversight are therefore essential to safeguard institutional credibility. The precise immediate need for high funding and their monitoring processes need to be divulged.
A case in point is Colombo Cricket Club (CCC), which received LKR 279,531,827 in 2023, making it the highest individual club recipient. As disclosed under the related-party notes to the financial statements, the President of Sri Lanka Cricket is also the President of Colombo Cricket Club, resulting in this transaction being classified as a related-party transaction.
In contrast to several grant recipient entities reporting profits, Sri Lanka Cricket recorded a deficit of approximately Rs. 2 billion in its Statement of Financial Performance for 2023.
It is also noteworthy from the cash flow statement that cash and fund balances declined sharply, from approximately LKR 10.8 billion in the previous year to around LKR 5.6 billion in 2023, representing a significant depletion of liquid resources within a single financial year.
A more meaningful and complete evaluation of these developments—particularly the position of funds available as at 31 December 2024 and 31 December 2025—will only be possible once the financial statements for 2024 and 2025 are released and subjected to public scrutiny.
A cricket enthusiast – Moratuwa
Opinion
Microfinance and Credit Regulatory Authority Act 2026 fails all affacted communities
The Microfinance and Credit Regulatory Authority Bill was passed into law by the Parliament of Sri Lanka on 4 March. According to Deputy Minister of Finance and Planning Dr. Anil Jayantha, the main object of the Act is to establish an Authority to “license and supervise the under-regulated microfinance and moneylending sector, aiming to protect borrowers from exploitation and ensure financial stability”.
However, the Yukthi Collective is saddened and disappointed that a government which pledged to take “measures to alleviate the burden of predatory microfinance loans with high interest rates on women” (NPP Manifesto, 2024: Page no. 44), will now add to their unbearable weight.
The new Act, as virtually all legislation enacted by Anura Kumara Dissanayake’s government, is a legacy of the anti-working class Ranil Wickremesinghe regime. It evades the root causes of the microfinance trap, and ignores debt justice for women borrowers.
It fails in understanding the connections between household debt and public debt. The vicious cycle of national debt is sustained by lack of growth in economic activity because of poor access to affordable credit.
It fails to make equal representation of women mandatory in the new Authority. If representatives of women borrowers and their self-run organisations are not present in the regulatory body, how will its members know of their lived experiences and make decisions that value women’s unpaid and paid contributions to sustaining life?
System Change
Millions of indebted households voted for the NPP with hope and expectation of ‘system change’. But instead of honouring its manifesto promise to them, the government has let them down in the law-making process; as well as the focus and substance of the new Act.
It is appalling that NPP parliamentarians, including some of its women members, appear not to have read and understood the bill they enacted into law, nor spoke to the rural credit community providers in their electorates for their views.
Predatory lending exists in the formal and informal sectors. Within this ecosystem, the Act fails to understand, identify, and prohibit predatory lending and recovery practices. It is a cover for the Central Bank’s failure to properly regulate ‘Licensed Finance Companies’ in the interests of citizens.
The biggest offenders are the big finance companies, in which some parliamentarians are deposit-holders. Therefore, some lawmakers benefit from excess profitmaking through exploitative practices, at the expense of poor mostly rural women.
Where law reform should discipline the bullies and thugs in credit delivery, it will instead wipe out, through over-regulation, community-based and managed lenders such as death donation societies, farmer associations, and urban and rural women’s collectives, which have been a lifeline for vulnerable working-class women and a defence from harmful recovery practices.
Structural Adjustment Programmes
The motivation for this new law are the market- and capital- friendly structural reforms insisted by International Financial Institutions; not the concerns and needs of those at the mercy of predatory lenders.
From the Microfinance Act 2016, to the 2023 version of the Ranil Wickremesinghe regime, the Asian Development Bank (ADB) through its loans has been a promoter of these regressive reforms.
The 2026 Act, with some changes suggested by the Supreme Court in 2024 and hardly any of the changes demanded by affected communities, has been moved forward by the NPP government in line with ADB loan conditionalities.
The path of de-regulation for banking, finance, trade, and investment; and over-regulation of poor people’s savings and credit institutions, smacks of the bias to big capital, which the NPP in opposition once criticised.
Reforms needed
The financial and banking reforms we want to see are to make credit from state banks and public funds accessible and affordable to women producers in agriculture and micro and small business operators; with decent wages and social protection for workers; that improve household opportunity for a dignified livelihood and decent lives.
Yukthi is a forum supporting working people’s movements and people’s struggles for democracy and justice in Sri Lanka.
by Yukthi Collective
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