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Verité Research Head lambasts govt. and IMF for ‘privatising profits and socialising losses’
Democracy in Sri Lanka will not work unless there are robust accountability mechanisms, Executive Director of Verité Research Nishan de Mel has said.Dr. De Mel said that there were undemocratic aspects to the way the IMF operated.
The Sri Lankan government was privatising profits while socialising losses because of the lack of accountability, De Mel added.
“When those in power work for the benefit of themselves and their friends, they ensure that a small group of people enjoy the benefits of growth or implement policies that benefit targeted groups. However, when things go wrong, for example, when we have to restructure domestic debt, those in power make sure that the people in general bear the losses. This is what we have seen in Sri Lanka.”
Such things happened frequently in Sri Lanka because there was little accountability, De Mel said, noting that lack of accountability had led to the 2022 economic crisis, and unless Sri Lanka established robust accountability mechanisms the current economic stability would be transient.
The Executive Director of Verité Research said they had asked both the government and the IMF to present them with data pertaining to their agreement.
“The IMF has said that it is only accountable to the government. It says it has analysed data but only the government can publish them. No one has seen this analysis––not even Parliament. Again, this is a problem of accountability. So, there is a problem of democracy in the way the IMF works.”
Dr. de Mel said that he was planning to attend several IMF summits next month and question the international lender on the lack of its transparency in Sri Lanka. The IMF, too, must be more transparent and accountable, he said.
“The person who led the IMF team here has a paper on countries that restructured debt since 1998. He looks at 14 countries. According to this, Sri Lanka is the only country that shifted the full burden of domestic debt restructuring on pension funds like the EPF. The overwhelming majority of the countries didn’t touch such funds at all.”
The Executive Director of Verité Research said the government had insisted that banks would collapse if the banking system had to bear some burden of domestic debt restructuring. However, that conclusion had been reached without any analysis.
“As I said, all the other countries that restructured debt shifted part of burden debt restructuring on to the banking sector. There are ways of protecting banks during debt restructuring. The government has placed all the burden on the pension funds and says that the impact on these funds are limited. It also claims that banks will collapse if they are affected by domestic debt restructuring. So, which claim is true? Why can’t the banks share part of the burden?”
Instead of demanding the government lower taxes, people must ask the government to be more accountable for what they do with the tax, he said.
“If we don’t pay taxes the government will have to borrow. If we don’t pay taxes now, our children will be in trouble. Instead, we must make sure that the government spends our tax rupees well,” said Dr. de Mel.
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AgriConnect Sri Lanka’ to be launched on 30 October to Modernise the Agricultural Sector Through Digitalisation
A discussion on the official launch of the ‘AgriConnect Sri Lanka’ programme was held at the Presidential Secretariat on Tuesday (13) morning between Secretary to the President Dr. Nandika Sanath Kumanayake and a delegation led by Gevorg Sargsyan, World Bank Group Manager for Sri Lanka and the Maldives.
The discussion focused on the official launch of the ‘AgriConnect Sri Lanka’ programme, scheduled to take place on 30 October at TRACE Expert City.
The World Bank delegation provided a comprehensive briefing on the programme and emphasised that Sri Lanka is set to become the first country in South Asia to join this global initiative of the World Bank Group, marking a significant milestone.
Victor Anthonypillai, Senior Country Officer of the International Finance Corporation (IFC), Tomas Ricardo Rosada Villamar Practice Manager at the World Bank, Felipe F. Dizon, Senior Economist and Athula Senaratne, Senior Agriculture Specialist, also attended the meeting. The Presidential Secretariat was represented by Senior Assistant Secretary to the President Dr Danushka Perera and Assistant Secretary to the President R. A. Ruwanpathirana.
President’s Media Division (PMD)
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Prison rules to be revised over monks’ attire
Appointment of committee eyewash, says UNP
The government is considering changes to prison regulations pertaining to the treatment of Buddhist monks serving jail terms, including their right to wear monastic robes when taken outside prison.
Justice and National Integration Minister Harshana Nanayakkara announced the proposed changes yesterday (14) following the submission of an interim report by a committee appointed to review the rules and procedures governing prisons.
The report was handed over to Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat.
One of the key recommendations is to amend Prison Standing Order 356 by introducing a new provision, 356(A). The proposed revision would require prison authorities to consult the Department of Buddhist Affairs on the removal of a monk’s robes upon admission to prison. The Commissioner of Prisons would be allowed 10 days to notify the department and take the necessary steps.
A separate amendment to Departmental Order 550 would allow Buddhist monks to wear their robes whenever they are taken outside prison, unless their respective Nikaya formally requests that the privilege be withdrawn.
The committee has also recommended extending similar arrangements, with suitable modifications, to members of other religious clergy who are imprisoned.
The proposals follow concerns raised over the treatment of Ven. Galagoda Aththe Gnanasara Thera after he was taken into custody. President Anura Kumara Dissanayake subsequently held discussions with representatives of the three main Buddhist Nikayas and appointed the committee to examine the existing legal framework.
Nanayakkara said the interim report had been forwarded to the Acting Commissioner General of Prisons, along with instructions to revise the relevant standing orders in accordance with its recommendations.
The proposed amendments have yet to be confirmed as formally implemented.
Meanwhile, the UNP yesterday criticised the government’s decision to appoint a committee to make recommendations on the attire to be worn by imprisoned Buddhist monks and other religious leaders when taken outside prison, describing the move as unnecessary.
In a statement issued yesterday (14), the UNP said the procedures governing the matter were already clearly set out in the Department of Prisons’ Standing Orders, making the appointment of a separate committee unwarranted.
The party cited remarks by Professor G.L. Peiris, Convenor of the Janathawadi Joint Opposition, who had described the committee’s appointment as a
“complete eyewash” and questioned the need for such a move.
Referring to Standing Order 550 of the Prisons Department, the UNP said convicted prisoners appearing before court for legal proceedings should not be required to wear prison uniforms.
It further stated that the regulations allowed prisoners to wear civilian clothing consistent with what they wore before imprisonment, including attire appropriate to their cultural and religious backgrounds.
The UNP accused the government of unnecessarily prolonging the issue by appointing a committee, despite the existence of regulations governing prisoners’ attire.
The party also called on the government to seek forgiveness from the Mahanayake Thera and the Sangha Council of the Kotte Sri Kalyani Samagri Dharma Maha Sangha Sabha of the Siyam Maha Nikaya over the decision concerning the religious attire of Ven. Galagoda Aththe Gnanasara Thera.
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AC President recuses himself from hearing prison attire case pertaining to Gnanasara Thera
Court of Appeal President Justice Rohantha Abeysuriya yesterday withdrew from the bench hearing petitions challenging the decision by prison authorities to require Ven. Galagoda Aththe Gnanasara Thera to wear prison attire following his imprisonment.
The decision was announced when the petitions seeking to invalidate the prison authorities’ decision were taken up for consideration on October 14.
Following his withdrawal, a three-judge bench was appointed to hear the petitions.
The petitions relate to the prison authorities’ decision to require Gnanasara Thera to wear prison attire after he was taken into custody to serve the remainder of his sentence for contempt of court.
In September this year, the Supreme Court annulled the presidential pardon granted to Gnanasara Thera by former President Maithripala Sirisena in May 2019.
Following the ruling, the Court of Appeal directed the Commissioner General of Prisons to take the necessary steps to enforce the remainder of the monk’s prison sentence.
Gnanasara Thera had originally been sentenced to six years’ imprisonment for contempt of court but had served only around nine months before receiving the presidential pardon in 2019.
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