Features
Simon (Sriyantha) Senaratne: Lawyer, CEO & Leisure Business Visionary
PLACES, PEOPLE & PASSIONS (3Ps)
Part five
Dr. Chandana (Chandi) Jayawardena DPhil
President – Chandi J. Associates Inc. Consulting, Canada
chandij@sympatico.ca
Profile
Simon is the founder and Precedent Partner of ‘Simon & Associates’, a well-established corporate law firm. He was the first Managing Director of ‘Walkers Tours’ the leisure arm of John Keells and led the development of their first hotel – Habarana Village. He was also one of the first Sri Lankan investors in the Maldives leisure industry. He is a social activist, an active Rotarian, and a past President of the Sri Lanka YMCA movement and the Ceylon Bible Society. His wife, Anthea, a short story writer, and Simon have two children and three grandchildren.
I have met Simon only four times over a period of 46 years: in 1977, 1980, 1983, and then after 40 years, in 2023. Each meeting was special, and I was inspired each time…
A Low-Key Leader
When I commenced working in resort hotels in the south coast of Sri Lanka in 1973, Walkers Tours & Travels Limited (later rebranded Walkers Tours) was the most influential and the leading tour operator in the island. They represented two of the largest European tour operators, from West Germany and Denmark, who were actively promoting tourism in Sri Lanka. Young hoteliers in the south coast loved dealing with fun-loving and friendly people who coordinated the Walkers Tours operations at hotels during that early stage of the organized tourism in Sri Lanka. They made us feel that we all were a big family involved in the building a young leisure industry in Sri Lanka.
Walkers Tours team who interacted with us regularly included Sri Lankan travel trade legends such as Norman Impett and Neville Arnolda, as well as their younger colleagues such as Christopher de Alwis, Bobby Jordan, and Jansi Ponniah. However, we only heard very little about their boss, who was a young lawyer, Sriyantha (Simon) Senaratne, who had been appointed as the Managing Director of Walkers Tours in 1971. Our friends respected their boss, who was the key business strategist in the corporate office but did not interfere with the operations experts of his company. That reflected the leadership style of a visionary leisure industry leader.
As a part of the business expansion vision of the Managing Director, Walkers Tours entered the hotel industry in 1973 with a unique project in a remote area – Habarana. After that Walkers Tours soon became the leader in hotel management in Sri Lanka. Just before the opening of the Village, Simon and his team finalized an agreement with Dr. Neville Fernando to manage his Hotel Swanee in Beruwala. After that, within the next two years, Walkers Tours took over the management of three other hotels. Those were Hotel Dulmini in Beruwala owned by a local businessman, Sanasuma Hotel in Weerawila owned by film idol Gamini Fonseka, and Hotel Ceysands in Bentota owned by Lalith Kotelawala. That was the foundation of the largest hotel company in Sri Lanka today.

Simon having a relaxing meal at home with close family – (L to R) granddaughter Audrey, Simon, wife Anthea, grandson Akash, son-in-law Dinesh, and daughter Sonali
Our First Meeting in 1977
In the summer of 1977, Walkers Tours decided to organize a one-week-long coach tour around Sri Lanka for representatives from all hotels in Sri Lanka providing rooms to their clients. As the Assistant Manager and Executive Chef, I represented Coral Gardens Hotel in this tour. It turned out to be a fun-filled, thank you tour. It was a great, public relations initiative by Walkers Tours with their hotel industry partners.
The day after the trip when I returned to the Coral Gardens Hotel, Captain D. A Wickramasinghe (Captain Wicks), called me. He said that “I now work at the corporate office of John Keells/Walkers Tours Group, and I need to meet with you urgently to discuss something very important.” We met the next day. He explained that Walkers Tours had taken over the Hotel Ceysands management from the owners – Ceylinco Group, and Captain Wicks was appointed as the General Manager of Hotel Ceysands.
“I report to a fine gentleman, Mr. Sriyantha Senaratne, who has given me a free hand,” Captain Wicks said. I told him, “I have heard so many great things about Mr. Senaratne, but never had the pleasure of meeting him, yet.” After a few weeks, I joined the hotel re-opening team of Hotel Ceysands, as the Executive Chef and Food & Beverage Manager. I met Mr. Sriyantha Senaratne for the first time at Hotel Ceysands during our pre-opening period. I had a brief chat with this soft-spoken gentleman. I was impressed to hear that it was he who initiated the Habarana Village hotel project, despite a few barriers.
Job Offer in 1980
In 1980, Mr. Sriyantha Senaratne now as the Managing Director of rival company – Gemini Tours were completing the Sigiriya Village project. I was approached by the architect who designed both Habarana Village and Sigiriya Village – Somaratne de Silva, who made an offer to me to be the hotel opening Manager of the Sigiriya Village. “Simon and I are very impressed with you, and we would like you to join us” he said. It was an attractive offer, and I met Simon to thank him, but I did not accept the offer.
Chief Guest in 1983
In 1980 I married Captain Wicks’s daughter, and a year later commenced a family business with him – Streamline Services (Pvt.) Ltd., initially as a travel agency specializing in outbound travels, in Nepal, India and Thailand. As a Director of the company, I ran the Streamline Hotel Management Training Section. We had lectures on Saturdays and Sundays. With the increased business and student intake, we organized two award ceremonies a year.
Captain Wicks and I decided to invite two industry leaders whom we highly respected, as the chief guests of our award ceremonies – Mr. Herbert Cooray (Chairman of Jetwing Hotels Group, as well as the Tourist Hotels Association of Sri Lanka) and Mr. Sriyantha Senaratne (Managing Director of Gemini Management Services Ltd.). At the brink of the commencement of the civil war in Sri Lanka, he gave an inspiring keynote address to my students.
After meeting Mr. Senaratne at our 1983 awards ceremony, I lost touch with him for 40 years. Soon after the war started, I left for the United Kingdom to do my graduate studies, and Mr. Senaratne returned to his first love – law.
Re-connection after 40 years in 2023
After reading an episode of my newspaper column: ‘Confessions of a Global Gypsy’ dedicated to my time as the General manager of The Lodge and The Village, Habarana, I received more than the normal volume of reader’s mail. One was a long e-mail from a person with whom I had no contact for forty years – Mr. Sriyantha (Simon) Senaratne.
He wrote to me: “Chandana, this is a voice from the past. I have been following with great interest your series of articles on your life in the leisure industry appearing in the Sunday Island. Firstly, I want to thank you very much for the kind references that you have made about me personally in some of your articles. I would like to mention the background to Habarana Village, which almost did not happen.”
After exchanging a couple of further e-mails, he kindly agreed to collaborate with me in writing a question-and-answer article. During my last visit to Sri Lanka in March and April in 2023, we agreed to meet him after 40 years, in the well-appointed office of his law firm located in Galle Face Court II. After a nostalgic chat when we caught up our news of four decades over 40 minutes, he asked me: “Chandana, do you like German food?”
He then hosted me to lunch at the nearby Bavarian German Restaurant and Pub. Over lunch, I asked him the following 10 questions for this article. After that we communicated over a dozen e-mails clarifying and re-writing sections. As the old saying goes, “There ain’t no such thing as a free lunch!” especially when you are hosted by one of most successful corporate lawyers in the country!
Q: Out of all the places you have visited in Sri Lanka and overseas, what is your favorite and most interesting place?
A: Japan stands out in my memory as the most interesting, evocative and outstanding place I have visited. As one arrives you are immediately transported to an entirely different world and culture than you have ever experienced. The culture, manners and the discipline stands out in exceptional contrast to other places. Their rock gardens leaves you mesmerized. They are the most talented, cultured and most polite people I have ever met.
Q: Out of all the inspiring people you have met, who inspired you most?
A: I am an octogenarian and have been inspired by many people in my lifetime. At Trinity College I was exposed to the most committed and dedicated staff, who moulded my character. At the university it was Bishop Lakshman Wickremesinghe, a charismatic personality, brilliant intellect but yet a very simple, a down to earth human being. He taught me in life not to stand aside, but always to lend a hand to the less fortunate segments of our society.
In the law – At Julius & Creasy it was John Byrnell, the partner under whom I worked. He advised me “remember when you first meet a client he comes heavily burdened with his problems, when he leaves you, he must leave with the feeling that his burden is now on your shoulder.” He aptly summarized the very ethos of the profession, which has guided me all my life. In business – N. S. O. Mendis.
Q: At the present time, what is your key passion in life?
A: I have always believed that education is the only way to break through poverty. My wife and I make it a priority in our lives now, to fund the educational activities of the economically marginalized children in remote villages. We work in remotes villages in Anuradhapura, Vaharai and surrounding villages in the East Coast and in the deep South. I believe we have to give back what we have received.
Q: In leading a law firm with 500 corporate clients, what does your schedule look like on a normal work day?
A: During my early days of setting up the firm, I would work long hours virtually every single day, meeting clients, meeting counsel and travelling to sites which were of interest to my clients. Having established the firm on a good foundation, we have a brilliant, talented and efficient team of lawyers and chartered secretaries in whose hands I can confidently leave the nitty, gritty of running the firm. I still work every day, but with a lesser intensity. I balance my life, spending a lot of time with my family travelling together, working on our charity projects and reading widely and voraciously.
Q: In 1970 when you returned to Sri Lanka from the USA, you worked for one of the great corporate leaders in Ceylon of that period – Mr. N. S. O. Mendis. What are the key lessons you learnt from him?
A: Mr. N. S. O. Mendis had an extremely keen mind. He lived a simple life. In business he had a legendary ability to make investments. His visits to London were reviewed with apprehension by the sterling company directors, as they always wondered whether they would be the next acquisition. He had an excellent reputation with the London banks. In his operational style he left the day to day management entirely to the Directors whom he appointed and would have a fortnightly discussion with them.
The biggest lesson I learnt from him was when he told me “Sriyantha, in your business and professional life never ever lose your temper with the person sitting opposite you. Whatever outragous remark he would make, listen patiently and calmly and only then answer – a word spoken in anger can never be taken back.” I have never forgotten that lesson.
Q: At the age of 30, when you became the Managing Director at Walkers Tours, you were new to the leisure industry, but led a team of highly talented and experienced leisure industry professionals. How did you handle that?
A: When I became MD of Walkers Tours I had no experience whatsoever in the leisure industry. I was fortunate that there were experienced professional hands who were running Walkers Tours. In particular I would mention Neville Arnolda, and Norman Impett. I also recruited Christopher de Alwis who was an excellent PR person. I worked with the team and made them feel that they were partners and I believe that helped. I soon became quite experienced having met the CEO’s of the then two existing significant travel firms in Europe Hugo Stinnes, President of Neckemann Reisen and Pastor Krogager of Tjæreborg. They were very knowledgeable and I learnt much from them.
Q: By leading the Habarana Village project, as the first village style setting of a hotel in Sri Lanka, how did you make Walkers Tours, an innovative trend setter for others to follow?
A: I studied the operational pattern of the company and realized that the margins as a travel agent were extremely thin, but the highest margins were made by the hotel operators. When I analysed the tour patterns, I realized that most tourists visiting the cultural triangle divided their time between Sigiriya, Anuradhapura and Polonnaruwa. I saw an immediate opportunity for a hotel in a central location, as that would enable a three night stay in one hotel. Accordingly the idea for Habarana Village was born and of course it set a trend with the kind of village style cottages that were set up, instead of a conventional style hotel. For this concept credit belongs to the visionary architect Somaratne de Silva. This was a trend setter. I also believe that it set up another trend whereby travel companies also became owners of hotels where they were able to control the whole package.
Q: As one of the first Sri Lankan investors in the Maldives leisure industry, how did you inspire other organizations to follow your footsteps?
A: I visited the Maldives because I observed that some groups were travelling from Colombo to the Maldives and they spoke very highly of the Islands. At that time there were no direct flights from Europe to the Maldives. I visited the main island Male and an island called Vellasaru. I was struck by the pristine beaches and the turquoise blue water, the fish, of different shapes, colours and sizes, swimming around your feet as you got into the water and you could wade far into the sea as it was protected by a reef all around.
We had nothing comparable to that in Sri Lanka. I was struck by the contrast. I had a gut feeling that Maldives would in a few years be a magnet to tourists from all over the world, as each island captured privacy, as the other islands were spread far and wide in the Maldivian archipelago. I suppose the fact that I had invested in a hotel in the main island and in another separate island, made the industry here sit up and take notice.
Q: As a social activist, an active Rotarian, and a past President of the Sri Lanka YMCA movement and the Ceylon Bible Society, what were your main contributions to our society?
A: As President of the Rotary Club of Colombo North, the YMCA and the Bible Society, I became totally immersed in the activities of each different Society. My contribution to each of these societies was to ensure that their primary objects were properly funded, and encouraging and motivating a team to give of their best. The Rotary is a society which serves the community in welfare work.
It helps individuals, villages and projects in urban areas, helping to uplift the living standards of the people they reach out to. The YMCA too is a social movement that undertakes similar activities but is founded on the Christian principles. The Bible society is primarily involved in printing, publishing, distributing and translating the Bible to as many people as possible, thus spreading the word of God.
Q: You have worked very hard as a CEO for over 50 years. How do you balance your work and family life?
A: It has been a principle in my work life that I do not carry a file home. My home life has been devoted entirely to my wife and children and I ensured that I spent as much time
as possible with them and in particular when I needed to travel during my involvement with the leisure industry, whenever there was a conference out of the country I would take my entire family. I think my children benefited greatly being exposed to different cultures. Also in my hotel visits I would as far as possible take my family. As a matter of routine in my children’s younger days I would drop them at school and re-arrange my schedule to personally pick them up from school.
Next week, 3Ps will feature the Sri Lankan Chef par excellence, and a National Treasure…
Features
Sri Lanka’s vanishing wetlands put elusive otter under growing threat
The world marked World Otter Day 2026 recently. Conservationists are warning that Sri Lanka’s rapidly disappearing wetlands, polluted waterways and unplanned development are placing increasing pressure on one of the island’s most elusive freshwater predators, the Eurasian otter (Lutra lutra).
The species, locally known as “Diya Balla”, is the only otter found in Sri Lanka and is regarded as a key indicator of healthy freshwater ecosystems. Yet despite its ecological importance, experts say the animal remains poorly studied and largely overlooked in national conservation planning.
Naturalist and conservationist Chaminda Jayasekara, who has spent years documenting otters in Sri Lanka, said the species is facing mounting environmental pressures across the island.
Speaking to The Island, Jayasekara said habitat destruction, chemical pollution, road kills, sand mining, and increasing human disturbance are fragmenting the waterways on which otters depend.
“Otters are extremely sensitive animals. When wetlands are degraded or rivers become polluted, they disappear very quickly. Their survival is directly linked to the health of freshwater ecosystems,” he said.
Jayasekara, who specialised in MSc Environmental Management at the University of Hertfordshire, noted that while the species has been recorded across Sri Lanka’s wet zone, dry zone and coastal wetlands, scientific data on population numbers and distribution remain limited.
According to him, the decline of wetlands has become one of the most serious environmental issues facing Sri Lanka. Marshes, mangroves, irrigation tanks and riverine habitats are increasingly being altered by urban expansion, tourism infrastructure, encroachment and agricultural runoff.
He warns that the loss of these habitats not only threatens otters, but also weakens flood control systems, freshwater security and biodiversity resilience at a time when climate-related disasters are becoming more frequent.
Jayasekara said otters play a vital ecological role by helping maintain balanced fish populations and healthy aquatic ecosystems.
“When otters thrive, it tells us the river system is functioning properly. Their presence is a sign that water quality, fish diversity and habitat conditions remain healthy,” he explained.
One of the best-known locations for otter sightings in Sri Lanka is Aranga Pond, within the Horton Plains National Park, where the species has adapted to the island’s cold montane ecosystem.
However, conservationists stress that even protected areas are not immune to broader environmental degradation occurring outside park boundaries.
Jayasekara’s own work on otters gained prominence through long-term conservation efforts at Jetwing Vil Uyana, where a former degraded chena landscape was restored into a functioning wetland ecosystem.
The restored habitat eventually attracted Eurasian otters, fishing cats, grey slender lorises and numerous wetland bird species.
Over 14 years, Jayasekara carried out field observations, camera trapping and awareness programmes involving hotel staff, surrounding schools and local communities.
“What happened at Vil Uyana clearly showed that habitat restoration works. If degraded ecosystems are given time to recover, wildlife can return naturally,” he said.
He added that wetland restoration should become a central component of Sri Lanka’s environmental policy, particularly as climate change intensifies droughts, floods and biodiversity loss.

Chaminda collecting scat for research purposes in Sigiriya
He says wetlands are among the planet’s most productive ecosystems, functioning as natural water filters and carbon sinks while providing breeding grounds for fish, amphibians and aquatic mammals.
Yet globally, wetlands are disappearing at an alarming rate, and Sri Lanka is no exception.
Conservation groups have repeatedly warned that illegal waste disposal, pesticide contamination and poorly planned infrastructure projects are severely affecting freshwater ecosystems throughout the country.
Jayasekara also highlighted the importance of stronger environmental education and community participation in conservation.
“Awareness is still very limited. Many people living close to wetlands do not realise the ecological importance of otters or the threats they face,” he said.
According to him, involving local communities in conservation monitoring is essential if Sri Lanka hopes to safeguard the species in the long term.
He also pointed to the growing international interest in otter conservation.
In November 2025, Jayasekara represented Sri Lanka at the International Eurasian Otter Conservation Workshop held at Colchester Zoo and organised by the International Otter Survival Fund.
The workshop brought together nearly 100 researchers, conservationists and wildlife experts from 33 countries to discuss emerging threats facing Eurasian otter populations.
Jayasekara presented Sri Lanka’s experience under the theme Rewilding Through Hospitality, focusing on how habitat restoration and sustainable tourism practices at Vil Uyana contributed to otter conservation.
“The international response was extremely encouraging. Many delegates were surprised that a tourism property in Sri Lanka had quietly carried out wetland conservation work for more than a decade,” he said.
Discussions at the workshop also examined wider environmental concerns including river pollution, declining fish stocks, illegal killings and habitat fragmentation affecting otter populations across Europe and Asia.
New conservation technologies such as AI-assisted wildlife tracking and environmental DNA surveys were also highlighted as emerging tools for monitoring elusive species.
Jayasekara said Sri Lanka urgently requires more scientific surveys, stronger environmental law enforcement and greater investment in freshwater conservation research.
He warned that unless wetlands and waterways are protected, several lesser-known freshwater species could face severe decline in the coming decades.
Environmentalists say otter conservation should not be viewed in isolation but as part of a broader effort to protect entire freshwater ecosystems that millions of Sri Lankans depend on for drinking water, irrigation and livelihoods.
He further noted that healthy wetlands also strengthen climate resilience by absorbing floodwaters, reducing soil erosion and supporting groundwater recharge.
As Sri Lanka experiences increasingly erratic weather patterns linked to climate change, conservationists argue that protecting wetlands is becoming both an ecological and economic necessity.
Jayasekara believes Sri Lanka still has an opportunity to become a regional example in balancing tourism, biodiversity conservation and habitat restoration.
“The otter teaches us an important lesson,” he said. “If rivers are protected and wetlands are respected, nature has an incredible ability to recover.”
This year’s observance of World Otter Day 2026 is, therefore, serving not only as a celebration of one of the world’s most charismatic mammals, but also as a reminder of the urgent need to conserve the fragile freshwater ecosystems upon which both wildlife and human communities ultimately depend.

Eurasian otter
By Ifham Nizam
Features
Malaiyaha Tamil people: Healing the Oldest Wound of Independence
In their Vesak messages this year, President Anura Kumara Dissanayake and Prime Minister Harini Amarasuriya highlighted the values of reconciliation, coexistence and justice as essential to Sri Lanka’s future. President Dissanayake emphasised that Buddhism’s teachings remain deeply relevant to contemporary society and described Vesak as a symbol of “mutual understanding, unity and coexistence among all communities” and of reconciliation itself. Prime Minister Amarasuriya similarly called for the building of a society in which justice is assured to all irrespective of caste, race or religion. These messages were not merely religious aspirations, they were a direct challenge to the most serious failures in Sri Lanka’s post-independence history. These include the three-decade-long war, its human rights violations and the inability to implement a political solution.
These have been and continue to be the challenges that have prevented Sri Lanka from reaching its full potential. Added to this have been the persistence of social and economic inequalities that continue to marginalise communities at the bottom of the social hierarchy. One of the most enduring examples of such injustice is the experience of the Malaiyaha Tamil community. The scale of the original exclusion is worth understanding clearly. According to the 1946 Census, the Malaiyaha Tamil community numbered approximately 780,600 persons and constituted 11.73 percent of the country’s population making them the second largest ethnic community, larger than the Sri Lankan Tamil community who numbered 733,700 or 11.02 percent of the population at the time
The denial of citizenship and voting rights to the Malaiyaha Tamil community was the first major injustice inflicted on an ethnic minority in post-independence Sri Lanka. The consequences were devastating and long-lasting. A community that had contributed enormously to the country’s economy through its labour on the plantations was excluded from political participation and denied basic rights. This was a political and moral failure that cast a long shadow over the country’s post-independence history. Responsibility for that injustice needs to be shared widely. Political leaders across ethnic lines failed to resist it. The result was the marginalisation of a community whose contribution to national prosperity far exceeded the recognition it received. Today, nearly eight decades later, Sri Lanka has an opportunity to correct that historic wrong but only if economic reform is matched by genuine social inclusion.
Longstanding Grievances
The NPP government has repeatedly acknowledged the need to address the longstanding grievances of the Malaiyaha Tamil people. In its election manifesto, the NPP pledged to improve living conditions in plantation areas, strengthen land and housing rights, ensure equal access to education and public services, and integrate plantation communities more fully into national development. The NPP’s Nuwara Eliya Declaration of 2023 similarly recognised that the plantation community had suffered generations of exclusion and promised measures to address disparities in housing, land ownership, infrastructure, education and economic opportunity. The need for such action is plain to see. While citizenship issues have largely been resolved over time, the socio-economic consequences of decades of exclusion remain deeply entrenched and continue to shape daily life in plantation communities. A conference organised by the Institute of Social Development to mark International Tea Day on May 21 at the BMICH brought out this and many other salient issues. Headed by P Muthulingam the organisation has advocated for the rights of the Malaiyaha Tamil people for the past 35 years to be equal citizens who enjoy social and economic justice.
The central problem facing many plantation workers is the low level of income they receive. Daily wages remain among the lowest in the country relative to the difficulty and intensity of the work. Plantation labour continues to depend heavily on methods that have changed little over generations. Productivity remains low compared to competing tea-producing countries — not because workers lack capability, but because sustained investment in their welfare, skills and economic mobility has been withheld. Workers consequently remain trapped in a cycle of low wages and limited economic mobility. Their housing situation compounds these difficulties. Many plantation families continue to live in housing owned either by plantation companies or the state. Lack of secure ownership limits their ability to accumulate assets, access credit or make independent decisions regarding their future. When Cyclone Ditwah damaged plantation housing, it exposed the inability of those living in that housing to access state compensation as they did not own the housing in which they lived.
The problems extend beyond the central highlands. Plantation workers living in private estates and smallholdings in other parts of the country face similar challenges. A recent Amnesty International report documented serious abuses affecting Malaiyaha Tamil workers in private tea estates in the Southern Province. These include wage withholding, debt dependency, restrictions on movement and intimidation and practices the report argued correspond to internationally recognised indicators of forced labour. These findings are not peripheral. They reveal that the structural exclusion of the Malaiyaha Tamil community is not a relic of the past but an active, ongoing condition. Economic vulnerability and social marginalisation continue to leave many plantation workers without effective protection or access to justice. It is against this backdrop that the government’s recent plantation reform initiative assumes special significance.
Second Phase
The government has announced the second phase of a programme to make underutilised plantation lands and assets available for investment. The objective is to transform underperforming assets into productive enterprises capable of generating employment, attracting investment and revitalising regional economies. The programme seeks to modernise the plantation sector, improve productivity and create new opportunities in tourism, renewable energy and export-oriented industries. These objectives are necessary and welcome. However, economic reform alone will not be sufficient and Sri Lanka’s own history provides the warning. Previous rounds of plantation modernisation pursued productivity gains without addressing the structural disempowerment of the people at the centre of the industry. The result was investment that generated wealth without distributing it. The workers who produced the wealth were once again treated as labour inputs rather than as beneficiaries. If the current reform follows the same logic, it risks reproducing the same failure.
For reform to succeed, plantation workers must be recognised not merely as a labour force but as stakeholders with rights, aspirations and a legitimate claim to share in the benefits of development. Housing ownership, secure land tenure, quality education, vocational training and entrepreneurship need to be built into the reform process from the outset. The government’s commitments to the Malaiyaha Tamil community therefore need to be incorporated into every stage of the reform process. On the contentious question of land, the government should consider establishing an independent national land commission. Such a body should include respected government officials, professionals and representatives from all ethnic and religious communities. It should review land policy comprehensively, develop transparent principles for allocation and use, ensure fairness in decision making and provide a trusted mechanism for resolving disputes. A credible land commission would help build public confidence that land reforms are being undertaken in the national interest rather than for the benefit of particular groups.
The correction of historic injustices should not be viewed as a concession to one community. It should be understood as an investment in national unity, because societies do not become stronger by maintaining the exclusion of those they have wronged. On the contrary, they become stronger by ending it. The first great injustice committed against an ethnic minority after independence cannot be undone. But its consequences can be addressed, and doing so would strengthen reconciliation, enhance social cohesion and bring Sri Lanka closer to the vision of a country in which all communities live with equal dignity and equal hope. This is what the Vesak messages of the President and Prime Minister promised. The plantation reform now underway is the moment to make good on that promise not in words alone, but in sustained policy that endures beyond any single government and reaches the people who have waited longest for it.
by Jehan Perera
Features
IMF relief is not economic recovery: Sri Lanka’s real test begins now
The IMF’s latest decision to release approximately US$695 million to Sri Lanka provides an important measure of financial relief, but it should not be mistaken for full economic recovery. While the approval reflects progress in stabilisation, fiscal discipline, and reform implementation, the country still faces deep structural weaknesses, social pressures, and external risks. The real test begins now: whether Sri Lanka can convert this temporary breathing space into lasting reform, productive growth, stronger institutions, and national resilience. This moment should not be used for political celebration, but for serious national reflection and responsible action. Sri Lanka must now resolve to support a clear policy direction, a practical reform programme, and a long-term national development path — not merely an individual, a party, or a political camp.
1. IMF Relief: A Necessary Step, but Not a Final Solution
The IMF Executive Board recently completed the combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility, allowing the country immediate access to SDR 508 million, approximately US$695 million. This decision represents an important step in Sri Lanka’s ongoing economic recovery process following the severe crisis that led to sovereign debt default, shortages of essential goods, high inflation, and the collapse of foreign reserves in 2022.
However, this decision must be understood with great sensitivity. IMF relief is not the same as full economic recovery. It gives Sri Lanka temporary breathing space, helps rebuild a certain level of international confidence, and supports the continuation of the reform programme. However, this relief is not a magic solution that can automatically resolve the country’s deep-rooted economic problems. Fundamental challenges such as the debt burden, weak productive capacity, low export earnings, poor public revenue performance, weak fiscal management, excessive dependence on imports, corruption, and inefficient state-owned enterprises still remain unresolved. Addressing these challenges requires domestic reforms, disciplined policies, stronger production and export capacity, and a long-term national development programme. Therefore, the IMF decision should not be treated as a political victory or as proof of complete economic success. Rather, it should be seen as a reminder that Sri Lanka still has a long and difficult journey ahead.
2. Sri Lanka’s Progress Recognised by the IMF and Its Limits
The IMF’s approval indicates that Sri Lanka has made progress in several important areas. Inflation has been brought under control compared to the extreme levels experienced during the crisis. Foreign reserves have improved, the exchange rate has shown greater stability, and fiscal management has become more disciplined. The government has also continued to implement reforms in taxation, public finance, energy pricing, and debt restructuring.
According to the IMF assessment, performance under the programme has generally been strong. Several quantitative performance targets have been met, while many structural benchmarks have either been achieved or implemented with some delay. This shows that Sri Lanka has remained broadly committed to the reform path agreed under the IMF-supported programme.
Yet this progress remains fragile. Stability achieved through external support must now be converted into genuine economic strength.
3. Conditions and Responsibilities Attached to the IMF Programme
IMF support does not come merely as financial relief; it comes with a set of important reform conditions and responsibilities that Sri Lanka must fulfil. Key among them are maintaining fiscal discipline, improving government revenue, continuing cost-reflective pricing for fuel and electricity, strengthening public financial management, restructuring state-owned enterprises, protecting institutional independence, and preventing the accumulation of new external payment arrears.
The main objective of these conditions is to restore macroeconomic stability, strengthen fiscal credibility, and rebuild international confidence in Sri Lanka. However, these reforms also carry social and political consequences. Higher taxes, market-based utility pricing, and strict expenditure controls can place a heavy burden on ordinary citizens, especially low-income families, small businesses, pensioners, and salaried workers. Therefore, in implementing reforms, economic discipline alone is not enough. Fairness, transparency, and social sensitivity towards vulnerable groups must also be treated as essential priorities.
4.The Impact of IMF Conditions on People and the Economy
One major social consequence of the IMF programme is the increased pressure it can place on household incomes and living standards. When electricity, fuel, and other essential services are priced on a cost-recovery basis, people may have to face a higher cost of living. Although such reforms are necessary to reduce the losses of state-owned enterprises and maintain fiscal discipline, they can weaken the purchasing power of ordinary citizens if strong social protection programmes are not in place.
Another important consequence is the pressure placed on the operating costs and stability of small and medium-sized enterprises. Higher taxes, increased utility costs, fuel and electricity expenses, and the rising cost of borrowing can affect business survival, job creation, and new investment decisions. If reforms are implemented without sufficient attention to production, exports, and small businesses, the country may achieve short-term fiscal stability, but long-term economic growth could remain weak.
There is also a political risk that cannot be ignored. If people feel that the burden of reform is not being shared fairly, reform fatigue and public frustration may emerge. If ordinary citizens are expected to make sacrifices while corruption, waste, and political privileges continue, public confidence in the reform process will decline. Therefore, for IMF-supported reforms to succeed, fairness, transparency, and social sensitivity must be firmly ensured alongside economic discipline.
5. The Real Test Before Sri Lanka
Sri Lanka’s real test begins now. Beyond temporary financial relief, the country must now prove that it can build a strong economy that generates income and can withstand external shocks. Therefore, our objective should not be limited to securing the next IMF tranche. While an IMF tranche may provide short-term breathing space, it does not guarantee long-term economic independence or stability. The real objective should be to create an economy that does not have to return to the IMF repeatedly during every crisis, but can stand on its own productive strength, export earnings, and fiscal discipline.
This requires fiscal discipline. However, discipline alone is not enough; economic growth is also necessary. Taxation is necessary. But increasing taxes alone is not a solution; production, investment, and exports must also be expanded. Debt restructuring is necessary. But beyond reducing the debt burden, Sri Lanka must also build an economic foundation that does not depend excessively on borrowing in the future. Sacrifices may be asked of the people. But for those sacrifices to be fair, accountability, transparency, and exemplary conduct from leaders are also essential.
Economic recovery cannot be sustained in the long term through financial assistance alone. Such support can provide breathing space during a crisis, but a country is rebuilt on the strength of its own institutions, productive capacity, export competitiveness, and public trust. Therefore, what Sri Lanka needs today is strong institutions, income-generating industries, a broader export base, food security, energy security, and a system of governance that people can trust.
6. Policy Priorities for Sustainable Recovery
Sri Lanka must now move from crisis management to national transformation. First, fiscal discipline should continue, but it must be fair. Revenue mobilisation should not rely only on increasing taxes on the same groups of people. The tax base must be broadened, tax administration must be improved, and tax evasion must be reduced.
Second, social protection must be strengthened. The most vulnerable groups should be protected through well-targeted assistance. Reforms will be more acceptable if people feel that the poor, elderly, disabled, and low-income families are not abandoned.
Third, state-owned enterprise reform should be carried out with transparency and public accountability. The objective should not merely be privatisation, but efficiency, professionalism, financial discipline, and better service delivery.
Fourth, Sri Lanka must prioritise export-led growth. The country cannot build a stable future by depending mainly on borrowing, remittances, and consumption. Agriculture, tourism, manufacturing, IT services, logistics, education, and value-added exports must become central pillars of national development.
Fifth, governance reform is essential. Without reducing corruption, political interference, wasteful expenditure, and weak implementation, no IMF programme can create lasting recovery. Economic reform and governance reform must move together.
7. From Temporary Relief to Lasting Recovery
The IMF decision gives Sri Lanka an important opportunity. It provides the country with space to strengthen economic stability, rebuild international confidence, and move forward with essential reforms. However, it is not a guarantee of success. It is only a step that gives the country some breathing space. It is now Sri Lanka’s responsibility to use that space wisely, with discipline and accountability to the people.
The country must now decide whether it will continue the old cycle of crises, debt, temporary relief, and political blame, or whether it will build a new national programme based on discipline, productive capacity, fairness, and accountability.
At this moment, true success cannot be measured by the amount of money received. It must be measured by whether Sri Lanka can build an economy that produces more, exports more, saves more, is governed better, and protects its people more effectively. The real victory is not receiving IMF relief, but building a strong national economy that will not depend excessively on such relief in the future.
Public Appeal: Let Us Choose a Programme, Not a Personality
This US$695 million will not solve every problem in our country. It may provide temporary financial relief and support the continuation of reforms, but it cannot replace the hard work required to build a productive, disciplined, inclusive, and self-reliant economy.
Therefore, this is the right time for all Sri Lankans to rise above narrow political loyalties and support a clear policy direction, a practical reform programme, and a long-term national development agenda — not merely an individual, a party, or a political camp. What Sri Lanka needs today is not the victory of a personality, but the victory of a responsible national programme that can restore confidence, protect the vulnerable, promote production, strengthen exports, ensure accountability, and secure a better future for the next generation. The question before us is simple but decisive: are we ready to make that choice?
by Prof. Ranjith Bandara,
PhD (Qld.,)
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