Editorial

Loan ecstasy and harsh reality

Published

4 years ago

2022/09/2

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.

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Editorial

Govt. drops fig leaf

Published

12 hours ago

2026/04/11

Thilina Walpola

Saturday 11th April, 2026

The JVP-NPP government has dropped the fig leaf of good governance and defended Energy Minister Kumara Jayakody allegedly involved in a coal procurement scam, which has cost the state coffers billions of rupees and caused a huge drop in the national power supply. It went so far as to defeat a no-faith motion against him in Parliament yesterday. In 2023, the JVP/NPP vehemently condemned the then SLPP-UNP government for defending Minister Keheliya Rambukwella allegedly involved in a pharmaceutical procurement scandal. It has just done what it vilified its predecessor for.

The SLPP-UNP government at least allowed legal action to be taken against Rambukwella, who was arrested, remanded and prosecuted, but the incumbent administration has ensured that Jayakody remains above the law.

The no-faith motion was a smart move by the Opposition. It caused the government to make a mockery of its commitment to upholding the rule of law and accountability. President Anura Kumara Dissanayake himself defended his friend, Jayakody, in Parliament on Tuesday, sending a clear signal to the NPP parliamentary group; they had to vote en bloc against the no-faith motion on Friday. It is now clear that the JVP-NPP government has no qualms about defending tainted politicians.

The coal scam will not go away simply because the no-faith motion against Jayakody has been defeated. Governments abuse their parliamentary majorities to defend their members and protect their interests. Now, the Opposition will take the coal issue to the streets and flog it hard to gain political mileage. It held a demonstration near Parliament yesterday. It has got hold of something to beat the government with.

There is no way the government can prove its claim that there has been no wrongdoing on its part where the low-grade coal imports are concerned. The National Audit Office itself has pointed out serious procurement irregularities related to coal imports. Power tariffs will have to be increased again to meet the additional cost of operating oil-fired power plants to make up for the generation shortfall at Norochcholai. It has been reported that Sri Lanka’s household electricity tariffs are among the highest in South Asia, and further power tariff hikes will make the situation far worse, and Sri Lanka will have its work cut out to attract foreign investors who factor in power prices before parking their money in any investment destination. Ordinary Sri Lankans are struggling to make ends meet, and their patience is wearing thin, and this will make the task of mobilising popular support easier for the Opposition. It was people’s economic hardships and public protests that made the JVP’s meteoric rise to power possible in 2024.

Governments with supermajorities succumb to the arrogance of power and ruin things for themselves. The best way out of the current coal imbroglio would have been for the JVP-NPP government to ask Minister Jayakody to step down and let the national anti-graft commission and the police institute legal action against him. Such a course of action would have helped the government convince the public that it was serious about fulfilling its pledge to eliminate bribery and corruption and send a clear message to the corrupt elements in its ranks that they would not be protected.

The JVP/NPP is now without any moral right to be critical of former Presidents who defended their cronies involved in corrupt deals. A fish is said to rot from the head down.

Editorial

Corrupt vs Corrupt

Published

1 day ago

2026/04/10

Thilina Walpola

Friday 10th April, 2026

A motion of no confidence against Energy Minister Kumara Jayakody is scheduled to be taken up in Parliament, today. The JVP-NPP government, which came to power promising to eliminate bribery and corruption and cleanse Parliament, finds itself in an unenviable position. It assured the public that its members would be above suspicion, but it is now in the dock over a corrupt deal. It has chosen to defend Minister Jayakody indicted of corruption and allegedly involved in a corrupt coal procurement deal. The only way the JVP/NPP can extricate itself from the current imbroglio is to ask Minister Jayakody to step down.

President Anura Kumara Dissanayake badly dented his good governance credentials on Tuesday by claiming in Parliament that the low-quality of coal imports had caused a drop in electricity generation at the Norochcholai power plant, but there had been no irregularities in the coal procurement process. He sought to fix the blame squarely on the coal supplier. He was obviously defending his friend, Jayakody, caught in a cleft stick. Interestingly, no sooner had he made that claim than the National Audit Office released its report on the coal procurement process revealing very serious irregularities therein. This official document has helped knock the bottom out of the government’s argument in defence of Minister Jayakody.

Keheliya Rambukwella and several Health Ministry panjandrums who served under him were arrested, remanded and prosecuted for their involvement in the procurement of substandard medicines which caused huge losses to the state coffers. So, why Minister Jayakody and his officials have not been dealt with in a similar manner over the coal scam defies comprehension. There is a prima facie case against them. The JVP-NPP government has made a mockery of its commitment to upholding the rule of law and accountability. The SLPP-UNP government ruined its chances of winning elections by defending Rambukwella and defeating a no-faith motion against him in 2023. The JVP-NPP administration is doing something similar.

The worst is yet to come where the adverse impact of the coal scam is concerned. Electricity tariffs will have to be increased again to recover the additional cost of burning diesel to produce more than 150 MW of electricity a day to make up for the Norochcholai generation shortfall caused by low-grade coal imports, independent experts have pointed out, warning of power cuts in a few months. The Opposition has stated that unofficial load shedding is already on. It has produced documentary proof in support of its claim.

More information about the Health Ministry procurement rackets came to light after the defeat of the no-faith motion against Rambukwella. Similarly, the magnitude of the coal procurement scam is yet to be determined. JVP/NPP politicians are known for their glib tongue, but they will not be able to pull the wool over the eyes of the resentful public battered by the soaring cost of living.

Two-thirds parliamentary majorities are apparently accursed in this country. Governments with such steamroller majorities indulge in corruption, succumb to the arrogance of power, which blinds them to reality, and dig their own political graves. They remind us of Lord Acton’s words of wisdom about the corruptive nature of power. One may recall that the SLFP-led United Front government, which abused its two-thirds majority, had a Humpty-Dumpty-style fall in 1977.

The Mahinda Rajapaksa government, which had a razor-thin majority, defeated the LTTE, developed the economy, implemented many development projects and lived up to the people’s expectation, but it failed pathetically after securing a second term and mustering a two-thirds majority in 2010. It became a metaphor for corruption, and suffered a catastrophic fall. The Gotabaya Rajapaksa government also became a victim of its two-thirds majority, so to speak. The JVP-NPP government is moving in the same direction, defending corrupt politicians and covering up crooked deals.

Ironically, many key Opposition figures who are flaying the JVP-NPP government for corruption and trying to engineer its ouster are themselves facing allegations of corruption. The people seem to have little option but to set thieves to catch thieves.

Editorial

Interval in hell

Published

2 days ago

2026/04/9

Sahan Weerasooriya

Thursday 9th April, 2026

The whole world must have heaved a huge sigh of relief yesterday when the US and Iran agreed to a two-week ceasefire, with Israel consenting to follow suit. Pakistan deserves praise for a timely intervention to de-escalate the West Asian conflict and prepare the ground for negotiations aimed at working out a lasting solution.

However, the situation is far from right as rain. What we are witnessing in the trouble-torn West Asia, which is red in tooth and claw, is an interval in hell, so to speak. Over the past several days, US President Donald Trump has repeatedly threatened to unleash hell on Iran unless the Hormuz Strait is reopened for international navigation. Hell hath no fury like a US President piqued, one may say with apologies to the Bard. There are some contentious issues to be resolved for a durable solution to be negotiated.

Iran has put forth 10 conditions and the US 15 for ending the conflict peacefully. It is now up to the other world powers and the UN to step in and ratchet up pressure on the US, Israel and Iran to reach a middle ground, without resuming hostilities, and give peace a chance. They ought to do so for their own sake. Occasions were not rare when the world experienced the so-called butterfly effect, or the phenomenon whereby a minute localised change in a complex system has large effects elsewhere. But what it has recently witnessed in West Asia may be described as the Pterosaur effect, as it were, the impact of the conflict on the rest of the world being so huge. Oil prices soared, making economies around the world scream. Some leading economists even warned of possible global stagflation risks in case of prolonged energy shocks from the Iran war. Oil prices came down significantly following the announcement of the ceasefire, but it is highly unlikely that they will return to the pre-conflict level of USD 70 a barrel any time soon due to irreparable damage suffered by critical energy infrastructure in the region. This has been the cost of US-Israeli military aggression.

Long dead as Mahatma Gandhi is, a core tenet of his teachings, nonviolent resistance, lives on today. What the Iranians adopted yesterday to protect their power plants, bridges, etc., vis-à-vis US President Trump’s threat to destroy them in a matter of a few hours was the Gandhian method of countering violence with nonviolence. According to media reports, a large number of Iranians gathered around potential US/Israeli targets, appealing to the conscience of the Americans. Whether their conscience-stirring method was the reason why Trump decided against carrying out his threat to annihilate the Iranian civilization in one fell swoop is a moot point, but blowing up infrastructural facilities together with thousands of unarmed civilians is something that no leader, other than someone like Hitler, can bring himself to do. Trump is already facing protests in the US against his war and has incurred international opprobrium for US aggression. Most of all, an attempt to wipe out a whole civilization would have triggered a spate of retaliatory attacks by Iran on multi-billion dollar US assets in the region.

It is ironic that the Iranian authorities who mercilessly ordered crackdowns on civilian protests before the eruption of the conflict had to urge the people to come out in their thousands and form human chains around infrastructural facilities to protect them.

One thing we gather from the West Asian conflict is that some elderly leaders’ dreams can become nightmares for others, especially the youth. Driven by his MAGA dream, Trump is trying to build an empire and grab the precious oil resources of other nations. He has graduated from abductions (in Venezuela) to assassinations (in Iran) in a bid to realise his goal. Israeli Prime Minister Benjamin Netanyahu has declared that a 40-year-old dream came true for him when he and Trump started attacking Iran. The Iranian leaders have also been dreaming of obliterating Israel. These dangerous dreams of ageing leaders remind us of Wilfred Owen’s Anthem for Doomed Youth: “What passing-bells for these who die as cattle? — Only the monstrous anger of the guns …” Perhaps, the best elderly leaders with a penchant for belligerence can do for the world, particularly the youth, who bear the brunt of any war, is to stop dreaming.

It is hoped that the peacemakers who have undertaken the onerous task of reconciling the warring parties in West Asia will not lose sight of the need to address the root cause of the conflict. While welcoming the Pakistan-brokered ceasefire, many seasoned analysts have pointed out that without a resolution of the Palestine question, particularly working towards a two-state solution supported by the UN, broader peace initiatives in West Asia are unlikely to reach fruition.