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TUs, civil society outfits, economists, lawyers discuss debt crisis and its impact on people in Asia

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Forty trade unions, mass organisations, economists, lawyers and activists from six countries (Sri Lanka, India, Pakistan, Bangladesh, Cambodia and Indonesia) came together on Friday to discuss the debt crisis and its impact. The event was hosted by UNITE, a coalition of Trade Unions and Mass Organisations in Sri Lanka.

The participants discussed the many similarities in debt situations across Asia, where authoritarian Governments have taken on debt to enrich local elites, and then burden the working people with the consequences of inequitable debt repayment. These consequences include labour law reforms aimed at weakening organized labour and labour protections, continuing to pay starvation wages to workers, dispossessing farmers and fishers through personal debt, selling strategic state assets and exposing third world nations to unregulated financial flows resulting in economic instability. As participants noted, working people in third world countries do not consent to these debt undertakings yet suffer the most from their consequences.

A draft statement against debt which continues to trap third world nations and keep them in a state of perpetual underdevelopment was prepared then discussed by the participants of the meeting. The immediate necessity to arrest the deteriorating economic situations in all countries and corner the rise of the far-right which dividers working people by exploiting social divisions among ethnicity, caste and gender was also discussed.

The participants also condemned the horrendous genocide taking place in Palestine and supported the call for a free Palestine. Palestine serves as a living reminder to working people across the world to come together to fight the fascism of governments such as Israel’s as duly supported by Western governments. The imperialist system they uphold continues the colonization project by suffocating third world peoples through unsustainable debt and vulture capitalism, failing which it resorts to genocidal wars.

The meeting concluded with a resolution to form a Transnational Movement of Working People committed to fighting debt injustice.



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Landslide RED warnings continue to be in force for the Districts of Kandy, Kegalle, Kurunegala, Matale and Nuwara Eliya

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The RED Landslide Early Warnings issued  by the Landslide Early Warning Center of the National Building Research Organization [NBRO]  to the Districts of Kandy, Kegalle, Kurunegala, Matale and Nuwara Eliya have been extended until 1600hrs today [06th December 2025]. Landslide Early warnings have also been issued to the districts of  Badulla, Colombo, Galle, Gampaha, Kalutara, Matara, Monaragala and Ratnapura,

Accordingly,
LEVEL III RED warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Gangawata Korale, Deltota, Doluwa, Thumpane, Medadumbara, Minipe, Pathahewaheta, Yatinuwara, Ganga Ihala Korale, Akurana, Udunuwara, Panvila, Pathadumbara, Kundasale, Pasbage Korale, Hatharaliyadda, Ududumbara, Poojapitiya, Harispattuwa and Udapalatha in the Kandy district, Galigamuwa, Kegalle, Mawanella, Rambukkana, Dehiowita, Warakapola,  Deraniyagala, Bulathkohupitiya,  Ruwanwella, Yatiyanthota and Aranayaka in the Kegalle district, Narammala, Mawathagama, Mallawapitiya, Alawwa, Rideegama and Polgahawela in the Kurunegala district, Rattota, Wilgamuwa, Ukuwela, Pallepola, Matale, Laggala Pallegama, Yatawatta, Naula and Ambanganga Korale in the Matale district, and Nildandahinna,  Walapane,  Hanguranketha and  Mathurata in the Nuwara Eliya district.

LEVEL II AMBER warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of  Uva Paranagama, Kandeketiya, Bandarawela, Soranathota, Hali_Ela, Meegahakivula, Badulla, Ella, Haputhale, Lunugala, Welimada, Passara and Haldummulla in the Badulla district, Nuwara Eliya, Ambagamuwa Korale, Thalawakele, Norwood, Kothmale West and Kothmale East in the Nuwara Eliya district, and Kahawaththa, Godakawela and Kolonna in the Ratnapura district.

LEVEL I YELLOW warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Padukka and Seethawaka in the Colombo district, Elpitiya and Yakkalamulla in the Galle district, Mirigama, Attanagalla and Divulapitiya in the Gampaha district, Bulathsinhala, Ingiriya and Horana in the Kalutara  district, Athuraliya and Pasgoda in the Matara district, Bibile and Medagama in the Monaragala district, and Kiriella, Nivithigala, Eheliyagoda, Kuruwita, Kalawana, Pelmadulla, Elapatha, Balangoda, Openayake, Imbulpe, Ayagama, Ratnapura and Kaltota in the Ratnapura district.

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IMF pledges additional aid to Lanka following Cyclone Ditwah destruction

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Julie Kozack, Director, IMF Communications Department

The International Monetary Fund (IMF), on Thursday, signalled strong solidarity with Sri Lanka in the wake of Cyclone Ditwah, confirming that it is actively exploring options to provide further support for recovery and resilience beyond the existing Extended Fund Facility (EFF).

Julie Kozack, Director of the IMF’s Communications Department, opened her remarks with heartfelt condolences:

“Our deepest sympathies go out to the people of Sri Lanka for the effects of the devastating cyclone. Our hearts mourn the loss of life that has taken place,” she said, extending condolences to other Asian nations also grappling with severe flooding, including Indonesia, Malaysia, Thailand, and Vietnam.

On Sri Lanka, Kozack emphasised that the IMF is closely engaging with authorities, development partners, and counterparts to assess the humanitarian, social, and economic toll of the disaster.

“Large parts of Sri Lanka have been affected by floods, and we expect economic activity to be adversely impacted, in addition to the significant human toll,” she noted.

The IMF is awaiting the completion of a rapid post-disaster damage assessment, led by Sri Lankan authorities, in collaboration with international partners, to better gauge the economic impact.

“We are continuing to support Sri Lanka’s recovery, reform, and resilience under the EFF arrangement. Our staff is looking into options to further support Sri Lanka in the recovery process,” Kozack confirmed.

She reiterated that the Board meeting, scheduled for 15 December, remains on track, following the staff-level agreement on the fifth review reached in October—prior to the cyclone.

“We will provide additional details as the assessment of economic needs and damages moves forward, and as we have more information to inform our thinking around the options,” she added.

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Marrikkar Mohamed Thahir takes oath as SJB National List MP

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Naina Thambi Marikkar Mohamed Thahir was sworn in as a Samagi Jana Balawegaya (SJB) National List Member of Parliament before Speaker Dr. Jagath Wickramaratne yesterday (05).

His appointment follows the resignation of SJB Parliamentarian Muhammathu Ismail Muththu Mohamed, who stepped down from his position on 28 November.

The SJB subsequently nominated Thahir to fill the resulting vacancy.

Accordingly, the Election Commission issued a Gazette Extraordinary declaring Naina Thambi Marikkar Mohamed Thahir a Member of Parliament, in terms of Section 64(5) of the Parliamentary Elections Act, No. 1 of 1981, as amended by Section 6 of the Elections (Special Provisions) Act, No. 35 of 1988.

With the issuance of the gazette, and the subsequent swearing-in, Thahir has officially assumed duties as a National List MP, representing the SJB.

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