Opinion
Stop this cold war!
A country in dire straits cannot afford creating divisions amongst and within communities!
By M. M. Zuhair PC
There are deep concerns within the Muslim community on the on-going state of hostility or cold war between certain State institutions and the country’s Muslim community including its long-cherished institutions. The subjective belief appears to centre around the universally condemned Easter Sunday attacks of 21/04/2019 continuing to be exploited by vested interests to cage the community and its institutions even after close upon four years of the 21/4 disaster, which the community had condemned and disassociated itself unequivocally!
Such hostile impositions are discriminatory and appear to be part of the anti-minority moves that began as hate campaigns in an organised manner in 2012. The role of war mongering foreign hands and their agents in progressively alienating and radicalising the country’s Muslims need to be kept under close watch. Prompt rectifications of matters perceived by the disgruntled youth as continued injustice may help prevent some of them becoming pawns in foreign organised disastrous counter moves. A country in economic dire straits or even otherwise, cannot afford to allow anyone to create divisions amongst or within communities that may lead to costly conflicts.
The community is distressed that Muslims, the community’s religious dignitaries both past and present, its historic institutions and its civil society have been continuously singled out for damaging coercive action. Such actions may be seen by the UN HRC mechanisms as oppressive and in violation of the Constitution of Sri Lanka as well as contrary to many multiple international treaties. Terrorists and criminals are one thing and the community and its institutions are another!
The aragalaya activists for instance cannot be dealt with as terrorists, though the country needs peace and social order. It is vital that the national political leaders learn lessons from the rise of the LTTE from amongst two prominent minorities in North Sri Lanka in the 1970s, the uprisings of 1971 and 1989 from the majority community and avoid creating confrontational issues with the Muslim minority, though it has not shown any capability to mount even a simple street protest!
With a pacifist political and business leadership at the helm of this community, oppressive actions on sensitive religious cum cultural issues could create new radical elements prone to violence. This country cannot afford to push anyone into violence! Hence the need to resolve these issues expeditiously.
The following are some of the instances, though there are many others, which require the urgent attention of the government in the interest of justice and fair-play on the one hand and ensuring unity and promoting trust amongst the communities on the other:
MUSLIM CIVIL SOCIETY and RELIGIOUS DIGNITARIES SILENCED:
State mechanisms have been continuously used, often without any legal mandate to openly enter and survey a number of Muslim civil society organisations without any complaint or court warrants.
These regular visits and phone calls have had the effect of silencing Muslim organisations and reducing their services to the community and the country. UN High Commissioner for Human Rights (UN HCHR) had identified the State institutions which had indulged in action violative of the freedom of association and freedom of expression in this regard. Lately a number of respected Muslim religious intellectuals have also been questioned by State institutions, which the UN HRC may consider as unwarranted harassment. In the circumstances Government must consider all State institutions being made accountable to Parliament, in the backdrop of allegations that some suicide bombers were also funded by certain State institutions, though the allegations may be unfounded.
PROSECUTIONS ONLY AGAINST MUSLIMS:
The Parliamentary Select Committee on Easter Sunday attacks in its Report (page 93 onwards) dated 23rd October 2019 and the Presidential Commission of Inquiry in its Final Report (pages 361/2) dated 31st January 2021 have blamed the majoritarian extremism in the country, ‘igniting majoritarian extremist groups to attack Muslims, escalating the latter into violent extremism resulting in the Easter Sunday attacks’. But the prosecutions and actions taken by the Police Department and the Attorney General’s Department were so far, only against the Muslim minority with no prosecutions as per the said reports, against those who ignited and contributed to anti- Muslim violence in Aluthgama (2014), Gintota (2017), Ampara (2018), Digana (2018) etc. The State and its forces must guarantee on the ground that minorities are protected from majoritarian extremism. That is the best guarantee against minority extremism.
COLD WAR ON THE MUSLIMS UNDER COVER OF EASTER ATTACKS:
Meanwhile the Easter attacks were extensively and unjustifiably used with widespread indiscretion to blame Islam, its teachings, the Holy Quran, Islamic books, respected foreign and local Islamic scholars, the Mosques, the Madhrasas, Muslim marriage laws, the Wakf Act, Muslim civil organisations, in other words the Muslim community as a whole, in order to cover up the majoritarian extremist violences, which according to the findings of the two reports referred to earlier, contributed to the 21/4 Easter Sunday’s avoidable disaster. The reports had also recommended (page 372) that “the Government should take concrete steps to identify the root causes of religious intolerance and tension and promote trust among the different ethnic and religious communities….” It must be noted that under cover of the Easter attacks, a cold war on the Muslim community as a whole appears to be going on, often below the radar. This undeclared war on the believers of Islam in Sri Lanka may radicalise and compel some within the community to seek relief from the United Nations Human Rights Council (UNHCR). We need help to stop them.
CRIMINAL NEGLIGENCE IN FAILING TO AVERT 21/4:
A serious matter continuously raised by the Church leaders in Sri Lanka was that, though there were adequate time and opportunity to avert the 21/4 Easter attacks, those responsible for taking action to arrest and prevent the multiple suicide attacks criminally neglected for over 16 days to take any preventive action whatsoever to avert the terror attacks. According to a page 1 lead story published in the Lankadeepa of 11th February 2022, the CID itself has reported to Court that the then ‘CID did not act to avert the Easter attacks though it had the opportunity to do so’ and also ‘to arrest and prevent suicide bomber Zahran Hashim’ from carrying out the disastrous mission!
ATTACK ON ‘MONOTHEISM OR THOWHEED’ OR ‘WAHABIES’ IS ATTACK ON ISLAM:
There are recent attempts by some State officials to blame the ‘unitary or oneness of Allah’ known as ‘Thowheed’ as distinguished from the Christian concept of ‘Trinity’ as an extremist ideology, though “Thowheed” or belief in the singleness or oneness of Allah is a fundamental part of the Islamic belief of every Muslim, including those Muslims divisively named as ‘sufis’ and certain others derogatively named as ‘wahhabis’ (Muwahhideens). These operations are in violation of Article 10 of the country’s Constitution. There are also attempts to defame the well-known Saudi Arabian Islamic Scholar Muhammed Ibn Abdul Wahab (1703-1787) and other scholars and Islamic organisations here and in India as spreading extremist ideology, without quoting a single sentence from any of Abdul Wahab’s or other scholars’ “original” works in support of any of these allegations. These allegations are futile attempts to shield and side track the globally well-known Western war mongers’ hate Islam- hate Muslims campaigns foolishly followed here by a few hate campaigners in Sri Lanka. These are unacceptable attempts to divide the majority from the minorities and presently also to create divisions within Sri Lanka’s small Muslim community.
DISCRIMINATORY RESTRICTIONS:
Muslims are undergoing tremendous hardships for instance to import the Holy Quran and other Islamic books due to discriminatory restrictions imposed only on Islamic texts. The well-known “Peace TV” of Dr Zakir Naik, a reputed Islamic scholar, has been restricted in violation of the right of the Muslims to receive information whereas anti-Muslim Indian channels can be viewed in Sri Lanka engaged in divisive hate campaigns.
ISLAMIC SCHOOL TEXTS COMPELLED TO BE EDITED:
Islamic text books used by Muslim students in schools have been allegedly compelled to be edited by persons without knowledge of Islam or respect for the religion in violation of the Constitution. These are impediments directed only against Muslims, although there is a constant process of Islamic educators regularly improving the texts.
NORTH EAST:
The issues facing the Tamil community need to be resolved. In doing so, the Eastern Muslims ought not to be imposed with new problems. The injustices caused during the reign of the LTTE such as the land grabs from Eastern Muslim farmers etc require redress.
BUILDING APPROVED BY CABINET IN 1999 FOR MUSLIM AFFAIRS BEING DIVESTED:
The then proposed building approved in 1999 by the Cabinet headed by President Chandrika Bandaranaike Kumarathunge on a proposal by SLFP stalwart Lakshman Jayakody then Minister of Cultural Affairs to be set apart for the Ministry of Muslim affairs is being currently divested at the instance of the Ministry of Buddhasasana to be shared with other institutions outside State Muslim Affairs. This is being coercively pursued in violation of and by suppressing the 1999 Cabinet approval. The building presently accommodates the Department of Muslim Religious and Cultural Affairs. Several State institutions connected to Muslim Affairs such as the Board of Quazis, Quazi Courts in Colombo, Haj Committees, Advisory Board under sections 6 and 7 of the Muslim Marriage and Divorce Act (MMDA) etc require reasonable accommodation for their functions. The Wakf Board, the Wakf Tribunal and the Department of Muslim Affairs also need additional space for their activities. Persons who travel to Colombo to attend these institutions do not have sufficient space for attending to their official matters. Why is the Minister of Buddhasasana Vidura Wickremanayake wanting to take away what was physically given in 2000 for Muslim Affairs through his father, then Prime Minister Ratnasiri Wickremanayake? The Buddhasasana Ministry must decline to handle matters relating to the cultural and religious issues of Hindus, Muslims and Christians and avoid creating contentious issues with the minorities.
OFFICIAL NOT CONVERSANT IN MOSQUE MATTERS APPOINTED AS ADDITIONAL DIRECTOR OF MUSLIM AFFAIRS! :
In a shocking move a respected lady officer belonging to the Christian faith has been appointed as Addl. Director of the Muslim Affairs Department. Her competency to manage issues relating to Islamic religious, Muslim cultural and Mosques issues is itself an issue. Three Muslims more competent to deal with these matters have been overlooked. She has not accepted this office as yet.
ARRESTED MUSLIMS IN CUSTODY FOR OVER 3 ½ YEARS WITHOUT BAIL OR FAIR TRIAL:
It is a known fact that the 21/4 attacks were extensively used to arrest and detain for months over 2000 Muslims, though most of them were released later as they had nothing to do with the Easter bomb attacks. Over 75 of the arrested Muslims are still in custody for over 3 ¾ years without the AG consenting to bail in most cases, allegedly depriving those indicted of a fair trial.
Opinion
Nanda Pethiyagoda Wanasundera
A familiar presence who enlivened these pages for over 30 years is no more. Nanda Pethiyagoda Wanasundera who wrote the People and Events column for the Sunday Island under the pseudonym Nan died on Wednesday morning at the age of 93 after a short illness and was cremated the next day in accordance with her wishes. Her last two columns, which she dictated to her younger son, Rajiv, visiting his mother from the US, and to a niece a week later, appeared in April.
Nanda was already on board this newspaper when I became its editor in 1997, writing a weekly column for quite awhile. When I saw her first piece under my stewardship – I think it was on her good friend Ayya Khema of the Dodanduwa nun’s island – I found it so readable and substantial that I realized I had a treasure of a columnist on my newspaper. It remained so for early 30 years when she had written close to maybe 2,000 articles not just her People and Events for the Sunday Island but for The Island (daily) where she had a weekly column, Cassandra Cry as well as under her initials NPW.
She regarded one of my aunts, Mrs. Ratna (NQ) Dias, as her kalyana mitta (mentor or companion who supports, inspires, and guides you on the path to enlightenment) and this could not but further endear her to me. She and Ratna nenda would take a bus to Dodanduwa to visit the island hermitage and those trips were anything but comfortable.
Nanda trained and worked both as a teacher and a librarian. She taught at the Kataluwa government school in the South and later in Colombo at Bishop’s College and Buddhist Ladies College. She was thereafter the librarian at the Overseas School and the Law Faculty of the Colombo University. A loyal alumnus of Girl’s High School, Kandy, where she had both her primary and secondary education, she must surely have been the oldest old girl living at the time of her passing.
Our relationship soon moved from that of professional colleagues to personal friends. She was always immaculately groomed with a collection of Thai/Indonesian lungis matched with stylish tops. She loved to entertain her friends in her well appointed apartment at Fifth Lane, Kollupitiya, laying an elegant table with stoneware crockery and all the trimmings. Although she claimed she couldn’t cook she was supported by her loyal and efficient domestic, Karuna, who had worked in New York for her elder son. Nanda knew how to choose her menus offering us goodies Rajiv brought her from abroad.
I was fortunate to belong to one of her close knit social circles and we met regularly at each other’s homes and restaurants and always had a whale of a time sharing anecdotes and memories, often chatting on the phone of this and that and mutual friends. It is hard to accept that she is gone.
Nanda wrote fluently and had the feel for a story written in a warm and chatty style. Memories of a happy childhood near Kandy, holidays with an elder brother who was one of the first batch of Ceylon’s DROs with a remote posting, extensive travel, work experience, warm relations with a wide and varied circle of friends and acquaintances equipped her with a vast reservoir of background information to draw on.
She swam at the Ladies College pool, a short walk along the barrel drain fro her home on Fifth Lane well into her eighties, practiced yoga, read voraciously and was extremely generous to those who worked for her. It wasn’t long ago that she with Rajiv did a long drive to the rural heartland to visit Podi Hamy who had looked after her two boys and later worked as her cook in Colombo.
Nanda was a very good Buddhist who meditated, She was close to many erudite bhikkus who turned to her to write and publicize many matters of interest to Buddhists and Buddhism. Let me relate a single anecdote to complete this appreciation of a remarkable woman who added light to many lives. It illustrates her ability to deftly turn the tables on whoever when the circumstances so demanded.
Nanda and I, both friends of Capt. Elmo Jayawardena, participated in a ‘Talkmates’ program he set up to improve the English of poor speakers of the language by pairing them with good English speakers for longish telephone conversation. A young woman called Piumi was mentored by both Nanda and I.
She invited Piumi and me along with a cousin of hers to her home for lunch one day. The cousin and I were swapping yarns across the table when I used the ‘b’ word. Piumi turned to Nanda and asked her, “Madam what does ‘b—r’ mean? Nanda responded instantly saying “you better ask the person who used it!”
Touche´! Incidentally Piumi left the lunch with a very generous gift from Nanda.
Manik de Silva
Opinion
Sri Lanka’s Food Safety Imperative
From Burden to Solutions:
Every year on 07 June, the world pauses to reflect on a truth that is at once mundane and profound: the food on our plate should not make us sick. This year, the World Health Organization and the Food and Agriculture Organization of the United Nations have chosen a theme that is both a diagnosis and a directive “From burden to solutions – safe food everywhere.”
The framing is deliberate. For too long, conversations about food safety have been dominated by the language of loss counting the sick, tallying the dead, lamenting the economic damage. The 2026 theme demands that we harness that data not as an epitaph, but as a map that guides us toward targeted, evidence-based action.
Globally, foodborne diseases cause illness in at least 600 million people and claim an estimated 420,000 lives every year. These are not abstractions. They are children who did not return to school, breadwinners who could not return to work, and farmers whose produce never reached a market.
For Sri Lanka, the stakes are deeply personal. As a food scientist who has spent over a decade studying, teaching, and working across our food systems from university laboratories and hotel kitchens to dairy processing plants and international sporting events, I have witnessed both the fragility and the resilience of food safety in this country.
The burden is real. Foodborne infections from Campylobacter, Escherichia coli, Vibrio cholerae, and Hepatitis A continue to be recorded by the Epidemiology Unit. Pesticide residues in vegetables, aflatoxin in stored grains, and heavy metal contamination in seafood present chronic, low-visibility risks that rarely make headlines but accumulate silently in our bodies and in our healthcare bills. The unchecked proliferation of informal food establishments has widened the exposure surface significantly.
Sri Lanka’s food safety architecture rests primarily on the Food Act No. 26 of 1980. A legislation conceived in an era that could not have anticipated the complexity of today’s supply chains, the growth of modern retail, or the risks posed by climate-driven changes in microbial ecology. While amendments in 1991 and 2011 have partially modernised the framework, the foundational challenge of fragmented, multi-ministerial oversight remains unresolved. No single authority commands the end-to-end food chain from farm to fork.
The consequences are visible. Sri Lanka has repeatedly seen food export consignments rejected at international borders due to non-compliance with safety standards. A reputational and economic wound that strikes our tea, spices, fish, and fruit sectors. These rejections are not merely trade disputes; they are data points, signalling systemic gaps in Good Agricultural Practices, cold chain infrastructure, and laboratory testing capacity. The 2026 World Food Safety Day theme is therefore a clarion call to Sri Lanka’s policymakers, industry leaders, academics, and consumers alike. We have data. We have science. What we need is the collective will to act.
The solution begins with data.
The WHO’s landmark 2026 release of national-level foodborne disease burden estimates the first of their kind, covering the period 2000–2021 provides an unprecedented opportunity. For the first time, Sri Lanka will have access to country-specific data on the incidence, mortality, and disability-adjusted life years attributable to specific foodborne hazards. This is not merely an academic resource; it is a policy instrument. Ministries of Health, Agriculture, and Industries must treat it as such, using it to identify where risk is highest, which population groups are most vulnerable, and which interventions deliver the greatest return on public health investment.
Having served as a Food Safety Officer/Trainer and Trainer at the FIFA 2022 World Cup in Qatar, I observed first-hand how a structured, data-driven approach to food safety management grounded in HACCP principles and supported by rigorous real-time monitoring can successfully feed tens of thousands of people across dozens of venues without a single outbreak. The lesson for Sri Lanka is not that we must import foreign systems wholesale, but that the underlying principles of evidence, accountability, and prevention translate universally.
Education is the second pillar of transformation.
In my years of teaching food safety to university students, hotel management students, tourism professionals, and food industry workers, the most consistent finding is that unsafe food practices are rarely born of malice. They arise from ignorance of microbial growth temperatures, of cross-contamination pathways, of the invisible consequences of inadequate handwashing. Behaviour change at scale requires education that begins early. We must embed food safety literacy into our school curricula, not as an elective topic in home economics, but as a fundamental life skill taught alongside reading and arithmetic. Food safety must be as instinctive as looking before crossing a road. Industry bears its own responsibility. Food business operators from the multinational processor to the neighbourhood bakery must understand that food safety is not a compliance cost to be minimised. It is a brand asset, an ethical obligation, and ultimately, a business survival strategy. The investment in quality management systems, whether ISO 22000, FSSC 22000, or the foundational GMP and GHP frameworks, pays returns in consumer trust, export market access, and reduced liability. Safe food is not a luxury reserved for export markets or five-star hotels. It is a right that belongs equally to a schoolchild buying a kottu roti from a street cart and a tourist dining in a star hotel. The 2026 theme reminds us that the burden is well-documented. The solutions exist. The only thing left is the resolve to implement them everywhere, for everyone.
PRIORITY ACTIONS FOR SRI LANKA
= Enact a unified Food Safety Authority consolidating fragmented regulatory mandates under a single body
= Establish mandatory HACCP certification for food businesses beyond the large-scale sector
= Invest in regional food testing laboratories with accredited capacity (ISO/IEC 17025)
= Integrate food safety education into the national school curriculum from primary level
= Strengthen cold chain infrastructure, particularly for seafood and fresh produce destined for export
= Adopt the WHO 2026 national burden data to prioritise health spending on highest-risk hazards
= Empower Public Health Inspectors with digital reporting tools and updated training mandates
Opinion
“The path of freedom: Dismantling the imperialist debt trap
I must first thank Gayantha Dehiwatte for inviting me this afternoon to the launch of his book, The Path of Freedom: Dismantling the Imperialist Debt Trap. The title itself suggests that Sri Lanka has yet to achieve genuine independence, particularly in the sphere of economic decision-making. In recent years, most economic decisions of major importance appear to have emanated from Washington. During the initial phase, these decisions reached Colombo in the form of International Monetary Fund- World bank conditionalities. In more recent years, however, many of these policies have been designed locally by the economists and bureaucrats in the Treasury and the Central Bank of Sri Lanka who are trained in western academic institutions. As a result, local and international experts have worked in synergy united by their adherence to what may be called the TINA (There Is No Alternative) doctrine.
According to Dehiwatte, ‘the current economic structure in Sri Lanka is guided by the principles of neo-liberal free-market economics. This economic theory has been steering the course of Sri Lankan economy since 1978’ (page iii). It was consistently claimed that the policy package introduced in 1978 would generate higher rates of growth, lower unemployment, poverty alleviation, reduced dependency and inequality transforming Sri Lanka into the Singapore or South Korea of the Indian ocean region.
In this talk, I would focus on three main points. My first thesis is that Sri Lanka is now facing a simultaneous presence of three crises namely, the structural, conjunctural and contingent crises, as a direct consequence of the neo-liberal economic policies introduced in 1977. Second, the decision to invite the IMF to play a central role in managing the 2022 debt crisis was a serious mistake. Third, although the de-dollarisation is an essential step towards resolving the crisis it is not by itself sufficient to transform the existing global economic architecture.
The performance of the Sri Lankan economy over the last 48 years (1978- 2026) does not support the contention that the adoption of neo-liberal economic policies as outlined in Washington Consensus would pave the way for sustained economic growth and development. Compared to the period from 1950- 77 period, there has been no significant improvement in either the rate of economic growth or in the level of employment. Dehiwatte reports: ‘As of 2024, approximately one-third of Sri Lankan population -around 7 million people – are living below the poverty line, with about 2.3 million children suffering from hunger due to inadequate access of food. That is, exactly half of the children are going hungry. The total number of families in Sri Lanka is about 5.7 million, of which 3.7 million seeking assistance to survive’ (p. 18). data on consumption patterns strongly corroborate these findings. The top 1% of the population accounts for 22% of GDP whereas the bottom 50% accounts for only about 14%. The crisis Sri Lanka has experienced over the last 48 years is an all-embracing structural crisis, the resolution of which requires far-reaching changes to the existing economic structure. Following Istvan Meszaros, four characteristics of the present crisis may be identified:
(1) It is not confined to a particular sector of the economy;
(2) It is global in scope, being closely linked to the process of globalization;
(3) Its temporal scale is continuous rather than limited and cyclical, making it difficult to identify a clear beginning or point;
(4) Its mode of unfolding is gradual and creeping rather than in contrast to sudden and explosive. (Beyond Capital. pp. 680- 81).
The structural crisis is the product of a conjunction of three interrelated developments: the absence of an independent macroeconomic policy framework, the nature of the bourgeoisie, and the nature of the state and its relationship to different social classes. Given the limited time available, I will not attempt a detailed analysis of these three dimensions. Nonetheless, two observations deserve emphasis. First, the average annual growth rate during the last 48 years has not been significantly higher than that achieved during the preceding period of the so-called dirigisme regime. Second, although Sri Lanka experienced two periods of relatively rapid growth (1978- 1982 and 2010- 2915), it failed to sustain the momentum generated during these periods. Consequently, these episodes were ultimately reduced to little more than infra-structure driven bubbles.
Cyclical fluctuations within a prolonged structural crisis are not uncommon in market economies. Sri Lanka is no exception. During the public debate surrounding the 2022 economic crisis, it was frequently argued that the crisis began in 2019 because of misguided economic policies. However, as data demonstrates, the current conjunctural crisis began not in 2019 but in 2016. The recession that started in 2016 culminated in negative growth in 2020. A modest recovery in 2021 was followed by a negative growth both in 2022 and 2023. The economy returned to a limited recovery in 2024, but by 2026 that recovery appears to have lost momentum. If one plots annual growth rates between 2026- 2026 a W-shaped cycle emerges, with its lowest point in 2022. The debt crisis in 2022 should therefore be viewed not as an isolated event, but as the trough of the 2016- 2025 cycle. Of course, the acceleration of the crisis in 2022 was triggered by excessive borrowing in the global capital market through ISDs (International Sovereign Bonds). Prof Prabath Patnaik depicts this specific phenomenon as a contingent crisis: a crisis that appears manageable until a sudden financial crunch exposes underlying vulnerabilities. The IMF’s own projection that annual growth will remain around 3 per cent in 1926 together with its assessment that debt sustainability remains fragile, suggests that Sri Lanka is once again approaching a tipping point.
Confronted with these three interrelated crises, the neoclassical economists, CBSL and Treasury officials and politicians representing bourgeoisie parties argued that seeking IMF support was the only available solution. According to this view, it was imperative to accept a comprehensive IMF program at any cost. The irony is that these same actors have failed to acknowledge that Sri Lanka has been operating under the IMF program for seven out of ten years under consideration. (2017- 2020 and 2022- 2026). A second group adopted a more critical position. While accepting the need for IMF engagement, they argued for greater local input, theoretical as well as practical, into the program and advocated modifications and incorporation of selected elements of the augmented-Washington consensus. Both groups, however justified IMF intervention on the grounds that the IMF is an international institution of which Sri Lanka is a member and that the country therefore has a legitimate right to seek assistance during a foreign exchange crisis.
This argument suffers from three fundamental defects. First, it overlooks that the IMF and the IBRD established in 1945 are very different institutions from those that emerged during the mid-1970s. The original purpose of the IMF and IBRD was to assist war-ravaged countries in Western Europe and Japan facing balance of payment difficulties and reconstruction needs. By the 1970s these tasks had largely been completed rendering the original mandate of the institutions increasingly redundant Following the quadrupling of oil prices and the accumulation of petro-dollars in the US banks, the IMF effectively assigned itself a new role: that of managing the interests international finance capital during the neo-liberalist phase of the capitalist development. Its primary responsibility thus shifted away from member states and towards the preservation and upholding of the interests of the global capital market and its institutions. (For a detailed discussion, see : Unholy Trinity: the IMF, World Bank and WTO by Richard Peet) 2003.
Second, the dominant approach is based on the presupposition that there is no alternative. Consequently. The magnitude of the crisis was exaggerated in order to ensure Sri Lanka’s continued integration into the global financial system and therefore its continued entrapment with a cycle of indebtedness. Third, the argument rests on a fundamental misunderstanding of the IMF’s mode of crisis management. When dealing with a crisis ridden country, the IMF typically intensifies the crisis by imposing deflationary policies designed to restore creditor confidence.
The Sri Lankan experience illustrates this pattern clearly. Although the economy achieved a modest but positive rate of growth in 2021, growth contracted sharply in 2022 and 2023 following the implementation of IMF-backed policies. Once an economy reaches the trough of the cycle, its internal dynamics tend to generate some degree of recovery because aggregate demand rarely falls to zero. Consequently, the stability achieved since 2024 should be understood as a low-level stability -an outcome of economic contraction and adjustment rather than genuine transformation.
Let me turn to my third thesis that Dehiwatte had raised in his proposal for de-dollarization. The book appears to suggest that de-dollarization is imperative if the imperialist debt trap is to be dismantled. In a different historical context, some French economists argued that replacing the franc with a currency based on labour value would provide a solution to balance-of-payments crises. Commenting on this view, Marx observed:
“In order to balance the decrease of domestic production by means of imports on the one side and the increase of industrial undertakings abroad on the other side, what would have been required were not symbols of circulation which facilitate the exchange of equivalents but the equivalents themselves, not money but capital” (Grundrisse, p. 121).
However, the context to which Gayantha Dehiwatte refers is substantially different. In 1944–45, when the advanced capitalist countries debated the design of the post-Second World War international financial architecture, they arrived at a consensus that it should be centred on the U.S. dollar. The principal reason for this decision was the overwhelming dominance and productive superiority of the U.S. economy.
By the early 1970s, however, this superiority had begun to erode. Nevertheless, as Costas Lapavitsas has argued, “dollar dominance persisted and deepened through structural dependence as global trade, finance and reserves remained locked into dollar circuits, sustained by military power and institutional inertia despite the declining share of the United States in the world economy.”
It is in this context that Gayantha Dehiwatte’s argument acquires its significance. For him, de-dollarization does not simply mean replacing the dollar with another international currency. Rather, it entails transforming the structures of power that underpin dollar hegemony and reproducing a global order based on dependence and financial subordination. In this sense, de-dollarization is not merely a monetary reform but part of a broader project of restructuring the international order itself.
Ultimately, the argument points toward the possibility of imagining a new world order founded on the principles of democracy, equality, and ecological sustainability.
The writer is a retired teacher at the University of Peradeniya
Email: sumane_l@yahoo.com
Revieved by Sumanasiri Liyanage
(Text of a recent speech.)
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