News
Sri Lanka’s SDG progress outperforms global average amid economic challenges – IPS
Despite the numerous setbacks suffered by Sri Lanka during the past few years, it was still making progress, compared to the world average, in achieving Sustainable Development Goals (SDGs), a report titled ‘Public Investment for Closing the SDG Financing Gap: Sri Lankan Perspective’ released by Institute of Policy Studies Of Sri Lanka (IPS) has said.
The report says Sri Lanka needs additional investment of around 1.4 trillion U.S dollars or 12 percentage points of GDP in 2030 to fulfil the SDGs.
The author of the publication Lakmini Fernando said that prior to the pandemic Sri Lanka recorded an above the world average rate for SDG progress on the SDG Index. The world average at that period was 0.69 points while Sri Lanka was progressing at 0.72 points yearly.
“The post-pandemic SDG progress is lower and progress on the SDG Index has stagnated. However, Sri Lanka has a comparatively higher progress rate of 0.16 points a year, while on average lower-middle and upper-middle income countries record a very low progress rate of 0.09 points a year,” the report said.
The SDG Index is an assessment of each country’s overall performance on the 17 SDGs, giving equal weight to each Goal. The score signifies a country’s position between the worst possible outcome (score of 0) and the target (score of 100).
The report states that Sri Lanka was keenly poised for growth at the time of independence in 1948 and again with the major policy shift in 1977 from an inward-oriented and import-substitution to being outward-oriented and export promotion-based economy.
“However, Sri Lanka’s high pre-pandemic growth declined to a historically low level of -3.6% (negative) in 2020 (Figure 5). The traditional agricultural economy has leapfrogged into a service-oriented economy without considerable developments in the industrial sector, a major hindrance to the productive capacity of the economy (Figure 6). Policy inconsistencies and delayed implementation of necessary structural reforms have further deteriorated the economy,” the report says.
Except for during 1992-2000, Sri Lanka continues to suffer balance of payment (BOP) crises, IPS said. The country had 16 arrangements with the IMF and although a certain degree of cushioning the economy is witnessed, the conditionalities on structural reforms have never been completed. After several discussion rounds, the 17th bailout package was granted in March 2023.
“Sri Lanka’s high public expenditure needs are characterised by an ageing demographic profile. Debt stabilisation through building a primary surplus, credible fiscal policy conduct and domestic revenue mobilisation is crucial in the consolidation process. This needs to be further supported with non-debt creating foreign currency inflows to ensure fiscal sustainability,” the report read.
News
Former IGP’s death likely due to an accidental weapon discharge
He was examining security officer’s new weapon while waiting for his wife to join him on a morning walk
Friday’s shock death of former IGP Chandana Wickramaratne due to gunshot injuries on his chest was possibly due to an accidental discharge of his personal security officer’s (PSO’s) pistol. Wickramaratne, who was kitted for his walk and waiting on the verandah for his wife to join him, was examining the PSO’s new weapon, knowledgeable sources said.
These sources said the wife who was putting on her shoes inside the house heard a bang and found Wickramaratne fallen on the verandah.
The retired IGP had noticed the security officer carrying a new weapon and had asked to examine it. Saying he carried a similar weapon years ago, he found no magazine and said, “are you planning to accompany me on my walk with a pistol without a magazine?”
The PSO had then handed the loaded magazine and gone into the house to fetch a requested bottle of water when the weapon had gone off.
The sources said that Wickramaratne was in no way depressed and had attended an Ananda College old boy’s event a few days ago, had dinner with friends and chatted with them. He had an appointment to meet a friend on Saturday.
Friends and family saw no reason for Wickramaratne to take his own life and there was no evidence whatever of an external agent shooting him. The former IGP was pronounced dead at the Colombo East Teaching Hospital to which he was rushed.
Police said investigations were proceeding and an autopsy report was awaited.
Wickramaratne was appointed the 35th Inspector General on November 25, 2020 and retired three years later in 2023. He had also set a record as the longest serving acting IGP since his naming to that position in May 2019 after his predecessor Pujith Jayasundara was sent on compulsory leave.
He joined as a trainee Assistant Superintendent in June 1986 after graduating from the Colombo University. He was absorbed to the National Intelligence Bureau where he worked till 1995. Thereafter he reverted to the uniform service and had been posted across the country, including the northern and eastern areas at the height of the war.
News
Rosy Senanayake appears before CMC corruption probe commission
Former Colombo Mayor Rosy Senanayake appeared before the Presidential Commission of Inquiry appointed to investigate allegations of corruption and fraud at the Colombo Municipal Council (CMC) on Friday (17).
Speaking to the media after appearing before the commission, Senanayake said she had been summoned to provide information regarding a food voucher programme implemented during her tenure as Mayor amid the COVID-19 pandemic and the economic crisis.
She said the programme, carried out through state-owned Lanka Sathosa, was introduced to provide assistance to low-income and vulnerable families affected by the economic hardships during the period.
“We gave food vouchers from Sathosa to the poor during the pandemic and economic crisis.
They wanted answers to some questions they had regarding the programme,” Senanayake said.The Presidential Commission is currently investigating allegations relating to financial irregularities, corruption and other misconduct within the Colombo Municipal Council.
News
Cop suspended after sitting on female cop’s lap
A police constable has been suspended from service following an inquiry into allegations that he sat on the lap of a female police constable while under the influence of alcohol at the Makalugaswewa Police Station.
Police said the constable had reported for duty at a musical concert held at the Dambulla Gam Udawa Stadium on July 15 and later returned to the police station to resume duties.
According to initial reports, the constable allegedly sat on the female officer’s lap after seeing her seated on a chair at the station.
The female police constable subsequently lodged a complaint with the Assistant Superintendent of Police (ASP) in charge of the area through the Officer-in-Charge (OIC) of the police station.
A preliminary investigation into the incident found that the constable had allegedly been under the influence of alcohol at the time of the incident.
Following the inquiry into the alleged harassment of the female officer and the constable’s conduct while on duty, police authorities took steps to suspend his service pending further action.
by Norman Palihawadane ✍️
-
Features4 days agoDirty Money
-
News1 day agoDengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead
-
News1 day agoEvidence recorded in money laundering case against Yoshitha Rajapaksa
-
News2 days agoMoney laundering case against Yoshitha, fixed for pre-trial conference
-
Midweek Review4 days agoThe sordid tale of theft and tragedy at Finance Ministry
-
Latest News5 days agoOil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook
-
Editorial2 days agoOverwhelming fire power and stubborn resilience
-
Features6 days agoDeepening Democracy – Constitutions and Constitutionalism
