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Rajeev Amarasuriya speaks at Kigali Global Dialogue 2023

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Rajeev Amarasuriya Speaking at the Dialogue

Attorney Rajeev Amarasuriya joined the Plenary Session on “Managing Debt and Looking at alternatives in Development Finance” at the Third Kigali Global Dialogue 2023 held in Kigali, Rwanda co-hosted by the Observer Research Foundation, (ORF) America, and the Rwanda Governance Board.

“This year’s dialogue was an official outreach event of the G20 under India’s Presidency,” a news release on the event said.

The Kigali Global Dialogue brings together policymakers, academics, civil society, and the private sector from around the world to deliberate and devise solutions to critical sustainable development challenges facing the global community. The platform is unique because it brings together delegates and speakers from more than 70 countries, it amplifies perspectives from the across geographies.

Amarasuriya spoke on the vital role multilateral agencies play and the need for countries in financial distress to reach out to them early and that there was no room for experimenting in the present stressed and stretched Ecosystem.

When looking at avenues of alternate debt, he stated that low and middle Income countries in the global South were not seeing their full potential because some basics such as systems of good governance, accountability, being corruption free, consistent government policies, the ease of doing business are not adequately in place.

He also touched on the potential of diaspora funding and the need to build confidence in the diaspora to invest their monies in their motherland. In this respect, he proposed looking at the creation of independent agencies, either country specific or wider, to route diaspora funding, which would provide the necessary confidence to the diaspora.

Speaking in relation to debt, and some of the causes for the situation in Sri Lanka, he raised the issue of the need for lenders and borrowers to be more responsible. Whilst the multilateral agencies still follow the procedures and processes, he observed that there have been instances where bilateral and private lenders sometimes do not.

He mooted the proposition of developing an eco system where liability could also be imputed on the lender, and in this direction, proposed the formulation of international best practices for lending and borrowing by states and even an international convention in this respect. It was his view that such practice must incorporate the principle that if a lender had recklessly lent knowing the project will not generate the requisite return or was destined to fail, then that the lender was also culpable and was responsible to take part of the liability in a situation of debt distress.

He also flagged the concept of the responsibility of a nation towards the citizens of another nation, even within the lending eco space and drew relation to the Sustainable Development Goals and Resolutions of the United Nations General Assembly.

The other Members of the Panel included Kampeta Pitchette Sayinzoga, the CEO, Rwanda Development Bank, Gwendoline Abunaw, Managing Director, Ecobank Camaroon, Tetsushi Sonobe, Dean and CEO, Asian Development Bank Institute, Nagesh Kumar, Director Institute for Studies in Industrial Development (ISID) India and the Session was Moderated by Rachel Toku Appiah, Director Program Advocacy and Communications, Bill and Melinda Gates Foundation, Africa.



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Fast Attack Craft P 4447 recovered in successful salvage operation

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The Sri Lanka Navy successfully recovered its Fast Attack Craft P 4447 following a successful salvage operation, bringing a multi-stage emergency response to a close.

The craft, which ran into distress during a routine patrol on 15th August 2026 off Angulana, was brought to the surface on 11th September, from a depth of approximately 80 feet. It was
subsequently towed to the Colombo Dockyard premises.
The initial phase of the operation immediately following the incident focused on search and rescue. A joint effort involving the Navy, Air Force, Police, and local fishermen from Angulana
resulted in the rescue of 11 crew members. The search and rescue phase drew to a close with the recovery of the remains of the Second in Command of the craft, on 4th September.

Following the search and rescue phase, specialized Navy diving and salvage teams launched a dedicated recovery phase against rough sea conditions and underwater challenges, adhering to
strict safety protocols. The Navy’s marine, hull, electrical, and electronic engineering teams utilized specialized technical know-how and equipment to raise the vessel in stages.

Thus, the salvage operation marked an outstanding achievement attained through the professionalism, technical expertise of Navy divers, and coordinated contribution of all
engineering and technical branches of the Sri Lanka Navy. Technical support and specialized expertise were also extended by the Sri Lanka Ports Authority and Colombo Dockyard PLC.

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CIABOC member’s appointment: Controversy over Speaker under probe heading selection process

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By Shamindra Ferdinando

The Opposition should intensity its focus on the forthcoming selection of a member of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and remain vigilant as Speaker Dr. Jagath Wickremaratne, MP, the head of the Constitutional Council (CC) tasked with making the relevant recommendation, is under investigation by the CIABOC, sources familiar with the ongoing inquiry told The Island.

Chethiya Goonasekara, PC, is expected to complete his three-year term on Dec 31, 2026. Sources pointed out that CIABOC Commissioners are appointed by the President on the recommendation made by the 10-member Constitutional Council.

The CIABOC initiated the investigation following a complaint lodged by suspended Chief of Staff and Deputy Secretary General of Parliament Chaminda Kularatne in early February this year. Sources said that as Goonasekera is scheduled to complete his term toward the end of 2026, the CC would have to call applications soon to choose the successor.

Goonasekara received his appointment from President Ranil Wickremesinghe in January 2024. A Justice W. M. N. P. Iddawala was appointed Chairman of the CIABOC. The other commissioner is K. Bernard Rajapakse.

Asked whether Iddawala and Rajapakse, too, would complete their terms soon, sources said that in terms of the Anti-Corruption Act No 09 of 2023, the Chairman of CIABOC would hold office for a period of five years, second commissioner (K. Bernard Rajapakse) for four years and the third commissioner (Chethiya Goonasekara) for a period of three years.

Sources said that the Opposition as well as civil society representatives in the CC should take up the issue of Speaker facing an investigation by the CIABOC taking part in the forthcoming selection process. Responding to queries, sources emphasized that the issue was whether in terms of Section 107 of the Anti-Corruption Act the participation of the Speaker in the selection process amounted to a violation of the Act itself.

The current members of the CC are Dr Jagath Wickramaratne, Speaker and Chairman of the Constitutional Council, Dr. Harini Amarasuriya, Prime Minister, Sajith Premadasa, Leader of the Opposition, Bimal Rathnayake, MP, Aboobucker Athambawa, MP, Ajith P. Perera, MP, Sivagnanam Shritharan, MP, Austin Fernando, Civil society representative, Prof. Wasantha Seneviratne, Civil society representative and Ranjith Ariyaratne, Civil society representative.

Sources pointed out that in spite of the sensitivity of the case, the CIABOC recorded Kularatne’s statement in the second week of August, six months after he lodged the complaint.

The CIABOC on 3, 8 and 10 Sept recorded the statements from the Transport Officer, Deputy Director, Administration and Assistant Director, Finance regarding the use of facilities by the Speaker, those assigned to his staff and other relevant matters.

The NPP named Dr. Wickramaratne as the Speaker after Asoka Ranwala resigned over controversy regarding his higher education qualifications.

SJB lawmaker Dayasiri Jayaskera has repeatedly raised the issues concerning the Speaker with the focus also on the Speaker using two government-managed residences, relevant staff in addition to expenditure on food, transport and fuel provided to the Speaker’s private secretary.

Political sources said that trouble erupted after the Parliamentary Staff Advisory Council in late January sacked Kularatne accusing him of providing false information to secure his appointment. Before being appointed as the Deputy Secretary-General of Parliament in 2023, Kularatne held several high-ranking positions, including Secretary to the Chief Government Whip, Additional Secretary to the President, Additional Secretary to the Prime Minister, and Additional Secretary to the Leader of the Opposition.

The SJB declared in Parliament that Ranwala should be brought back as the Speaker as they have no faith in Wickramaratne. MP Mujibur Rahuman jokingly told parliament that the Opposition wouldn’t raise Ranwala’s educational qualifications.

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GMOA: Countrywide cadre revision not done since 2015

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Dhammika

The Government Medical Officers’ Association (GMOA) has stressed the need to conduct a comprehensive countrywide cadre revision urgently.

GMOA spokesman Dr. Lasitha Dhammika told The Island that the failure on the part of successive governments to conduct cadre revision caused the deterioration of the public sector health services. Due to the absence of required statistics, they hadn’t been able to fully comprehend the situation on the ground and to ascertain the requirements of the public.

Dr. Dhammika pointed out the expansion of the services without supporting statistics and the need to initiate an immediate cadre revision. According to him, the GMOA had raised this issue with successive governments without success. The GMOA spokesman said that they also sought relevant information from the Health Ministry in terms of the Right to Information (RTI) Act two weeks ago but was yet to receive response.

(SF)

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