Opinion
Wigneswaran’s tribalist shenanigans
By ROHANA R. WASALA
The feature article: ‘False historical perspectives of Wigneswaran’ jointly written by Rienzie and Kusum Wijetilleke (The Island of September 4, 2020) provided the cue for the following comments. The Wijetillekes’ article makes interesting reading, though Wigneswaran’s tribal perspectives are hardly worth talking about, except for the danger of their acquiring a false validity due to halo effect (for, after all, Wigneswaran is a retired Supreme Court judge).
His attempt to falsify the long history of the country of the Sinhalese (the unrecorded part of it is much longer than the recorded part, as being archaeologically established at present) is like trying to chip off a splinter from the Sigiriya rock with his bare head. Be that as it may, the more recent post-independence history of our country is more relevant to the point, I think. The young people today may or may not know that, before our country was made a republic by their heroic parents and grandparents in 1972, our country had been officially regarded as a ‘dominion’ (i.e. ‘a semi-independent state’ under the British Crown) since 1948, the year of independence. So, it was a monarchy until then under the British monarch locally represented by an appointed official called ‘the Governor General’.
In terms of the 1972 Republican Constitution, the last was replaced by a figurehead president. A few years later, the currently operative 1978 Constitution created the post of executive president. But the official naming of the country as ‘Sri Lanka’ in 1972 was a shortsighted, though significant, change introduced as a novelty. The people were heroic; but the leaders were not wise enough to retain the traditional name/s of the island, which were the formal ‘Lanka’ or the informal ‘Lankawa’ (for the Sinhalese majority, and its Tamil version ‘Ilankei’ for the Tamil speaking minorities) and ‘Ceylon’ for foreigners and the English speaking local elite. The important point is that ‘Ceylon’ was a derivation from ‘Sinhale’ (the Land of the Sinhalese), which had been the historic name of the country from time immemorial until 1815. The interior part of the island which had remained independent of the British, known as the Kandyan Kingdom, was still called ‘Sinhale’, while the surrounding littoral part under British imperial occupation was identified as ‘Ceylon’, which means that, actually, the whole island was a single entity known as Sinhale/Ceylon.
In their opening paragraph, the writers express the view that ‘Archbishop Malcolm Cardinal Ranjith’s recent comments regarding racial and religious politics were most timely. In a climate where religious leaders seek to become political leaders, to hear the Archbishop state so unequivocally that religion and language should not be the basis for a political party is ‘at least mildly reassuring’ OK. But why only ‘at least mildly reassuring’? From my point of view, the Archbishop, who abhors divisive politics, is putting his finger on what is ailing the Sri Lankan body politic today: racial and religious politics and we know what the parties are that depend on race and religion issues.
But the writers seem to have mixed up or equated with each other the extremists following racial and religious politics, and whom they call ‘religious leaders seeking to become political leaders’ (by which they probably mean the three monks who are currently engaged in an unseemly struggle over a national list seat in parliament won by a certain political party, or all monks including the three, who have been agitating against a number of longstanding issues affecting the majority community, the Buddhist establishment, and the unitary status of Sri Lanka, which are aspects of a single entity, but whose approach is apolitical.
If the writers mean by ‘a climate where religious leaders seek to become political leaders’ the handful of vocal Buddhist monks who are raising a voice for rescuing the country from the aforementioned anomalies, and from what the Archbishop himself is denouncing (pretty much the same as the issues that the former are raising), they need to correct their terminology. These monks cannot be identified as ‘religious’ leaders among Buddhists. The Buddhists’ religious leaders are the Nayake and Maha Nayake monks, who are what the Archbishop is among the Christians. The activist monks feel obliged to do what they are doing because the Maha Nayakes are not seen (as clearly as the Archbishop for some reason) to be doing for the Buddhists what the Archbishop is doing for the Catholics. (The Archbishop is trying to ensure that the government fulfills its obligations to the Catholics for whom he is responsible as their ordained leader, without stooping to politics; but we know that his concern is for the welfare of all Sri Lankans without discrimination. Buddhists also felt protected under his moral leadership in the critical aftermath of the April 21 bombings, because he had won their trust as he had already repeatedly stressed the vital importance of preserving the age-old Buddhist religious cultural heritage our country). The monk-politician-centred episode that is being currently staged should be regarded as the last flicker of the culturally embarrassing Buddhist-monks-in-parliament politics novelty introduced in 2004, which hardly survived the few years of its experimental stage.
Talking about racial politics, the enduring nationalism that the first prime minister (of post-colonial, at least nominally independent, Sri Lanka) D. S. Senanayake championed was Ceylonese nationalism. That’s why, asked by the Soulbury Commissioners how many Tamils he wanted to have in his cabinet, he replied without hesitation, as H. A .J. Hulugalla, his biographer recorded, ‘I don’t mind the number if they act as Ceylonese’, a non-racist attitude that is still alive among the vast majority of the majority Sinhalese community; although it is not acknowledged by the few real racists who currently have sway among minority politicians. While D. S. Senanayake and other Sinhalese leaders were committed to non-communal nationalism, the racists among Tamil leaders opposed them. S.W.R.D. Bandaranaike left the UNP to form his own party because he found the trust that his and party’s leader D.S. placed in the treacherous Tamil leaders was not being reciprocated by them. Bandaranaike understood that his boss’s expectation that they’d come round to accept his kind of Ceylonese nationalism was not going to be fulfilled. Because of this fact I see no justification for the writers’ apparent treatment of Sinhalese and Tamil leaders of the time as equally guilty of racist prejudice.
Bandaranaike, who was as much a Ceylonese nationalist as DS, was not wrong to speak in terms of the following in the then prevailing circumstances in mid-1950s, as quoted in the Wijetillekes’ article: “… the fears of the Sinhalese, I do not think can be brushed aside as completely frivolous. I believe there are a not inconsiderable number of Tamils in this country out of a population of 8 million. Then there are 40-50 million Tamil people in the adjoining country. What about all this Tamil literature, Tamil teachers, even films, papers and magazines? … I do not think there is an unjustified fear of the inexorable shrinking of the Sinhala language. It is a fear that cannot be brushed aside”. Bandaranaike was opposed by those who did not care about the existence of the native Sinhala and Tamil languages or about the serious anomalies that the Sinhalese majority suffered because they were Sinhalese.
Maybe there were only 40-50 million Tamils in India (Tamil Nadu) then. But today, there are over 72 million there, and a several more millions of Tamils scattered across the globe. And some ethnic Tamils, not necessarily of Sri Lankan origin, occupy powerful positions in international bodies that can exert adverse influence on Sri Lanka if they wish, though this is unlikely as they are also originally from a non-violent, peaceful, cultural background. However, if unreasonable viewpoints are promoted among them against the beleaguered global minority that the Sinhalese are, it will be nothing short of something genocidal, because Sri Lankans are engulfed in much more dire circumstances than in the 1950s, being constantly threatened by potential exigencies that could become reality in the boiling geopolitical cauldron that is fast emerging in our region.
It is the sort of nationalism that DS believed in that inspires today’s nationalists. Recently, some bogus critics of the founder of the UNP have started promulgating the misconception that the word ‘national’ in the name ‘United National Party’ was divisive, because it was an erroneous recognition of the alleged presence of a plurality of ‘nations’ (based on race, religion, etc.) in Sri Lanka. Nothing could be further from the truth. This sort of thing is nothing but false propaganda spread by the few separatist racists there are and their opportunistic sympathisers. The UNP has been decimated in terms of parliamentary representation, but that is due to the inefficiency and lack of love for the country on the part of its ageing, narrowly self-seeking leaders. This affords a good chance for a vibrant young leadership to emerge who can bring the divided party together, ousting the current squabbling, leadership qualities lacking leaders, and forge it into a strong oppositional force that can work both with as well as against the SLPP government, to make Sri Lanka the kind of prosperous stable country that the traditional Guardians of the Nation, the Maha Sangha, are determined to help forge, with the cooperation of our other spiritual leaders like the Archbishop. This is an urgent need of the hour. The SLMC leader Hakeem’s justification, at the Presidential Commission of Inquiry into the Easter Attack, of a separate administrative unit for Tamil speaking Muslims in a part of the Eastern province is ominous. Are these purveyors of racial and religious politics seeking cooperation or confrontation with other Tamil speakers (Hindus)?
His Eminence Malcom Cardinal Ranjith urged the authorities a few days ago, at an annual religious service held at the Tewatta National Basilica Church at Ragama, to expose and punish, without any further delay or vacillation, the evil extremist forces and their agents who were actually behind the April 21 attacks that left 269 innocent persons killed and over 120 permanently disabled; who provided the perpetrators of those crimes financial and logistical support, he demanded to know. He was unequivocal in condemning religious extremists who believed in killing adherents of other faiths to affirm their faith in their own god. The Cardinal wanted the responsible persons at the highest level under the previous administration, not only the politicians but also the officials, to be dealt with according to the law for failing to prevent, at least in the name of humanity, those heinous crimes, even though they had been previously warned many times by intelligence agencies; and his incidental but no less urgent call for a ban on political parties based on religion and language, still reverberates in our ears.
For so boldly expressing his personal conviction regarding the subject, the Archbishop has already earned the deep respect and gratitude not only of Sri Lankan Catholics but also of ordinary Sri Lankans of other faiths as well, including the majority Buddhists, who are helpless victims of the oppressive trends set in motion by the policies of such parties and the sectarian religious movements behind them.
The Archbishop’s call needs to be heeded by the leaders of the present administration who have been democratically elected by the pan-Sri Lankan electorate, with overwhelming majorities to rescue the country from, among other things, the undue pressures exerted on parliamentary decision-making by parties based on race and religion, which enjoyed their heyday during the Yahapalanaya, taking cover behind bogus reconciliation politics imposed on the country by external interventionist forces. However, this does not mean that the opposition must step aside and look on passively, leaving everything to be accomplished by the government.
The most recent triumph of nationalism that the patriotic people have achieved (in November 2019, and August 2020) under the SLPP transcends, in its reach, promise and potential, all the previous watershed moments arrived at in 1956, 1972, and 2009, which, unfortunately, were reversed by racists. The same reversal should not be allowed to happen this time. It should not be forgotten that, without the selfless exertions of the Buddhist monk activists, the nationalist triumph would never have been possible. The united Maha Sangha will remain the anchor sheet and guarantor of the wholesome unitary state of Sri Lanka. But that historic role of the monks is intrinsically non-political, and eminently compatible with the principles of modern secular democracy. The Maha Sangha have been the Guardians of the Nation without a break (even during periods of foreign invasion) ever since the official establishment of Buddha Sasana in the island by Arhant Mahinda Thera twenty-three centuries ago. Politicizing the Maha Sangha, despite the existence of the Maha Nayakes, is the surest way to undermine its power.
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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