News
Transparency welcomes IMF input to assets declarations
Transparency International Sri Lanka (TISL) has welcomed the introduction of a new Structural Benchmark in the IMF’s Third Review Agreement, which it states addressed gaps in implementing the Asset Declarations system under the Anti-Corruption Act of 2023.
in a statement, the TISL said this is a significant step toward ensuring public access to asset declarations, a long-standing reform which it has strongly advocated.
The benchmark requires the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to remove excessive redactions, disclose bank balances and other asset values, improve accessibility, publish non-filers’ names, include Beneficial Ownership details in declaration forms, and enact a comprehensive Asset Recovery Law in line with UNCAC obligations.
While this progress is welcome, TISL said it highlights a broader concern, as government institutions often prioritize procedural compliance over meaningful reform.
Weak governance and corruption were key contributors to Sri Lanka’s economic collapse, yet accountability remains lacking when governance-related commitments are not effectively implemented. Critical transparency and anti-corruption reforms risk being delayed or diluted without structured oversight and meaningful public engagement.
Pointing out that without genuine public participation, governance reforms risk becoming ineffective, TISL has called on the government to establish a structured, transparent mechanism for civil society engagement in governance reforms, particularly within International Financial Institution led programs such as the IMF agreement.
This mechanism must go beyond ad-hoc consultations and ensure that reforms are developed, implemented, and monitored with input from the public and civil society organizations, reflecting real-world challenges and needs. An open, participatory approach will not only strengthen reform outcomes but also build public trust in the process, it said.
TISL further urged International Financial Institutions to institutionalize civil society participation, ensuring governance reforms are not reduced to box-ticking exercises. Just as macroeconomic targets are rigorously assessed, governance commitments must be subject to the same level of scrutiny.
Upcoming reforms on proceeds of crime, public procurement, and beneficial ownership transparency must be implemented in ways that guarantee genuine progress. TISL emphasized that the strength of Sri Lanka’s economic recovery will not be determined by financial restructuring alone but by its commitment to accountability, open governance, and the rule of law.
During an operation conducted in the dark hours of 22 Feb 26, the Sri Lanka Navy seized an Indian fishing boat and apprehended twelve (12) Indian fishermen while they were poaching in Sri Lankan waters, in the sea area south of Mannar.
The seized boat and the Indian fishermen were handed over to the Fisheries Inspector of Dikovita for onward legal proceedings.
FSL assures legal backing for them
Families of those sentenced to death by the Three-member Gampaha High Trial-at-Bar, over the killing of SLPP MP Amarakeerthi Atukorale, and his police bodyguard, met a senior official of the Presidential Secretariat, yesterday (23), to seek backing for their move to appeal against the verdict.
Having made representations, they addressed the media, outside the Presidential Secretariat, where they declared their intention to move the higher court against the decision.
The SLPP MP and his security officer were killed by an Aragalaya mob on 09 May, 2022, at Nittambuwa. The same day Aragalaya mobs unleashed violence against the then government MPs across the country, torching dozens of their properties.
The Frontline Socialist Party (FSP) yesterday said that they would help the families of those sentenced to death to move court against the Gampaha High Court Trial-at-Bar decision. Responding to The Island queries, FSP spokesman Pubudu Jayagoda said that their representatives had already met the families and necessary work was being done to move the Supreme Court. Twenty three persons were acquitted and four handed six-month prison terms, suspended for five years
Jayagoda said that one of the HC judges differed in the ruling. Asked whether they received backing from any other political party and groups that had been involved in the 2022 protest campaign to defend those who had been found guilty, Jayagoda said such support was lacking.
The JVP/NPP played a significant role in the violent protest campaign that forced President Gotabaya Rajapaksa to step down. Pointing out that the Attorney General, too, was appealing against the court decision on the basis that the number of persons sentenced to death should be much higher, Jayagoda said that the Nittambuwa incident couldn’t be examined in isolation without taking into consideration the SLPP goon attack on Galle Face protesters on 09 May, 2022. (SF)
Offshore Patrol Vessel P 628 of the Sri Lanka Navy departed Baltimore, USA, for Colombo, on 20 February.
The ex-United States Coast Guard Cutter, USCGC Decisive was officially handed over to the SLN on 02 December, 2025, as the latest addition to the SLN fleet, under the Pennant Number P 628.
Measuring 64 metres in length, this ‘B-Type Reliance Class 210-foot Cutter’ is equipped with advanced technological systems and facilities, capable of conducting extensive surveillance operations spanning up to 6,000 nautical miles per patrol.
The vessel’s voyage to Colombo is historic, possibly marking the longest-ever passage undertaken by a Sri Lanka Navy ship. Covering approximately 14,775 nautical miles, the journey will see the P 628 navigate from Baltimore through the Atlantic Ocean, the Panama Canal (a first for a Sri Lankan naval vessel), the Pacific Ocean, and into the Indian Ocean, via the Straits of Malacca. The ship is expected to arrive in Sri Lanka during the first week of May, 2026.
Navy seize an Indian fishing boat poaching in Mannar seas
Fair weather will prevail except for showers in the Southern province and in Rathnapura, Monaragala and Kaluthara districts after 2.00 p.m
Families of those sentenced to death for killing MP Atukorale seek AKD’s intervention
OPV leaves Baltimore, expected in Colombo in May
Unions sound alarm over coal procurement and power sector restructuring
MAS Group moving to India: CP asks NPP govt. to act
‘Dates have the highest sugar content to fight Coronavirus’
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