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Will New Diamond fire be an environmental disaster

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by J.A.A.S.Ranasinghe

Former Director and Acting Chairman of Marine Environment Protection Authority

MT New Diamond VLCC, Very Large Crude Carrier, flagged in Panama was reportedly carrying over 300,000 Mt of Crude Oil on its voyage to Pradip Port, India from Al Ahmadi in Kuwait when it caught fire off the eastern coast of Sri Lanka resulting in the death of a crew member and the evacuation of 23, five Greek and 18 Philippine nationals. The fire that broke out as a result of the explosion of a boiler resulted in a massive fire in the engine room and the bridge, which controls the ship. Fortunately, the fire had not spread to the oil tanks which would h ave resulted in a major oil spill. If the three million barrels of oil leaked, it could have spealt devastation to many of the marine mammals that live in vibrant habitats along the eastern coast of Sri Lanka and the vibrant eastern economy where a hive of activities is taking place such as fisheries, tourisms, agriculture and consequently to the livelihood income of the people.

 

Effects of Petroleum Contamination

Petroleum contamination is a growing environmental concern that harms both terrestrial and aquatic ecosystems equally. However, in view of the major disasters caused to the marine environment, the public and regulatory and scientific communities have given more attention to the contamination of marine habitats. This is because marine oil spills can have a serious economic consequence on coastal activities as well as on those who exploit the resources of the sea. Thus, communities that are at risk of oil disasters must anticipate the consequences and prepare for them. The above mentioned disaster is an eye opener for all the stakeholders to take a serious view.

Marine environmental pollution caused by petroleum is of great concern because of the fact that petroleum hydrocarbons are toxic to all forms of life and harm both aquatic and terrestrial ecosystems. In recent years the pollution of marine habitats has caught the attention of researchers and environmentalists owing to the serious impact of oil spills on marine life, as well as on people whose career relies on the exploitation of the ocean’s resources. Additionally, marine life may be affected by clean-up operations, whatever the precautions taken. It may also be indirectly affected by the physical damage to the habitats in which plants and animals live in.

The writer has had firsthand information while being a former Director of the Marine Environmental Protection Authority (MEPA) and has attended series of scientific and technical sessions delivered by the International Maritime Organization (IOM) and effectively contributed to the deliberations with regard to OPRC (Oil Spill Preparedness and Response) a decade ago and it is with such an authoritativeness, the writer compiled this short essay on the effects of petroleum oil spills on marine life. This exercise would not be a worthwhile attempt, if the economic impact of oil spills on coastal activities with special reference to eastern theatre in which the above major fire brokeout and on the people who exploit the resources of the sea.

 

GLOBAL OIL SPILL TREND

Over the last 50 years, there has been a marked downward trend in oil spills from tankers. The average number of spills per year in the 1970s was about 79 and has now decreased by over 90 percent to a low of six according to the International Tankers Owners Pollution Federation (ITOPF). The lowest annual number of spills was recorded in 2019 and the highest in 1974. If one were to analyze the quantities of oil spilt, one would note that approximately 5.86 million tons of oil have been lost as a result of tanker incidents globally since 1970. However, there has been a significant reduction in volume of oil spilt through the decades. The total amount spilt per decade has reduced by about 95% since the 1970s.

An interesting pattern of alternating sharp decline and stability can be observed for average volume of oil spilt per decade. Nonetheless, quantity of oil spilt in a particular year or a decade is unpredictable, and the trend can be hugely distorted by a single large spill. In case, the fire caused to MT New Diamond resulted in an oil spill over 270,000 Mts, it would have been the one of the major oil spills recorded in recent times in Sri Lanka. The most frequent causes of oil spills are allisions/collisions, groundings and Fires. However, the proportion of groundings has decreased over the decades, making allisions, collisions and Fires, the current most frequent cause of spills. Today, about 99.99% of oil transported by sea arrives safely at its destination. The positive reports on trends in oil tanker spills endorse the hard work by governments, industry and ITOPF in improving safety and standards of operations.

With a spate of major disasters linked to major shipping routes in the past few years, the time is opportune for the world leaders and the international authorities such as IOM to have the wisdom and courage with a view to taking stock on global shipping reforms. It must be pointed out here that Sri Lanka witness more than 800 vessels passing through Sri Lanka per day posing an imminent threat to the Sri Lankan economy. Hence, it cannot be completely ruledout another disaster of this magnitude, if preventive measures are not taken.

 

Crude oil and its properties

The ill fate MT New Diamond carried crude oil which is a complex mixture of organic compounds. These mainly consist of hydrocarbons, in addition to heterocyclic compounds and some heavy metals. The different hydrocarbons that make up crude oil come in a wide range of molecular weights and structure compounds. These compounds include methane gas, high molecular weight tars, asphaltenes, resins, waxes and bitumen. They also include straight and branched chains, single or condensed rings and aromatic rings such as the monocyclic (benzene, toluene, ethylbenzene and xylene). They additionally include polycyclic aromatic hydrocarbons (PAHs) such as naphthalene, anthracene and phenanthrene. Obviously, the chemical composition of crude oil is injurious not only to the mankind but also to marine ecosystems.

Physical contact is the major route of exposure and usually affects birds and furred mammals. These animals rely on their outer coats for buoyancy and warmth. Consequently, they often succumb to hypothermia, drowning and smothering when oil flattens and adheres to the outer layer. A second general exposure route is through the ingestion or inhalation of the hydrocarbon by organisms that reside on the surface. Exposure by these routes leads to absorption into the bloodstream via the gastrointestinal or respiratory tracts.

 

Toxicity of oil dispersants

Oil dispersants (57 chemical ingredients approved for use by the US EPA) are a common tool used after oil spills in marine environments. They break up oil slicks on the water surface and increase the oil’s rate of biodegradation. Oil dispersants are quickly used when other means, such as oil containment and removal, are insufficient. However, consequences of the toxicity of oil spill dispersants alone or in the presence of oil must be evaluated. Generally, undispersed oil poses the greatest threat to shorelines and surface-dwelling organisms. However, most dispersed oil remains in the water column where it mainly threatens pelagic and benthic organisms.

Fate of oil spills in the marine habitats

After oil is spilled at sea and with the effect of wind and water current, the oil spreads out and moves on the water surface as a slick a few millimetres thick. At the same time, it undergoes a series of chemical and physical changes. These processes are collectively termed ‘weathering’. Weathering causes the spilled oil to break down and become heavier than water. Some of these processes, like the natural dispersion of oil into water, lead to the removal of the oil from the sea surface and facilitate its natural breakdown in the marine environment. Others, particularly the formation of water-in-oil emulsions, cause the oil to become more persistent and remain at sea or on the shoreline for prolonged periods of time. The speed and relative importance of these processes depend on a number of factors. These include the quantity spilled, the oil’s initial physical and chemical characteristics, weather and sea conditions and whether the oil remains at sea or is washed ashore. Ultimately, the marine environment usually eliminates spilled oil through the long-term process of biodegradation.

 

Oil spills on marine organisms

Ultimately, the impact of oil on marine organisms depends on the fate of the oil. As previously described, when oil is present in the environment, it is either dispersed in the top layer of the water (littoral zone) or remains on the surface and, consequently, on the coastal areas. If the oil is not dispersed, it remains on the surface. In this case, currents bring the oil towards coastal areas which harms coastal organisms like invertebrates, mammals and birds. However, if the oil is dispersed, organisms, such as fish, plankton and larvae, are immediately subjected to oil toxicity.

 

Oil spills on planktonic organisms

Zooplankton is a particularly important food resource, especially for baleen whales. It can influence or control the primary productivity by top-down effects in return. Its population dynamic change can influence the biomass of other marine animals like fish by bottom-up effects. Some zooplankton, such as copepods, euphausiids and mysids, assimilate hydrocarbons directly from seawater and by ingesting oil droplets and oil contaminated food. The ingestion of oil by these organisms often causes mortality, while surviving organisms often show developmental and reproductive abnormalities.

 

Oil spills on coral reefs

In addition, recreational attractions for divers, coral reefs are considered to be important constituents of marine ecosystems. This is because they are important nurseries for shrimp, fish and other animals. The aquatic organisms that live within and around the coral reefs are at risk of exposure to the toxic substances within oil, as well as smothering. They are rapidly deteriorating because of a variety of environmental and anthropogenic pressures. Thus, they are suffering significant changes in diversity, species abundance and habitat structure worldwide. Oil dispersants are potentially harmful to marine life including coral reefs. In a study using coral nubbins in coral reef ecotoxicology testing, found that dispersed oil and oil dispersants are harmful to soft and hard coral species at early life stages.

 

Oil spills on fish

Due to the well-developed hepatic mixed function oxygenase (MFO) system, in addition to the reactivity of the metabolites that would not be released in a toxic form during digestion and absorption, most fish, even in heavily oil-contaminated environments, do not accumulate and retain high concentrations of petroleum hydrocarbons. Thus, they are not likely to transfer them to predators. Thus, no serious threat is predicted.

 

Oil spills on seabirds

As one of the major routes of exposure, physical contact usually affects birds. For example, thousands of African penguins (Spheniscus demerus) were oiled following the 2000 Treasure oil spill in South Africa.An evaluation of the impact of oil spills on seabirds has not been fully appreciated during incidents, despite pressure from the public concern, media and other interested parties for precise and up-to-date information on the damage. Consequently, the approximate numbers of seabird casualties involved in many major spills have only been estimated, while impacts at the population level have been difficult to determine. Natural variation and the huge range of factors that influence bird population statistics make it difficult to assess the impact of oil spill on sea birds.

 

Oil spills on marine mammals

Marine mammals include bottlenose dolphins, fins, humpbacks, rights, sei whales, sperm whales, manatees, cetaceans, seals, sea otters and pinnipeds. As previously indicated, the physical contact of oil with furred mammals usually affects these animals because they rely on their outer coats for buoyancy and warmth. Consequently, these animals often succumb to hypothermia, drowning and smothering when oil flattens and adheres to the outer layer.

As part of their activities, all marine mammals spend a considerable amount of time at the surface. Here, they swim, breathe, feed or rest. Thus, the possibility of their contact with a surface slick, water-in-oil emulsion, or tar balls, is high. In heavy pelage marine mammals, such as fur seals, sea otters and polar bears, this contact may lead to fouling. Polar bears and otters groom themselves regularly as a means of maintaining the insulating properties of the fur and may, thereby, ingest oil. Animals with smooth surfaces or relatively little to no pelage, such as whales, dolphins, manatees and most seals, have an advantage as oil would have fewer tendencies to adhere to their surface.

Oil that contaminates a shore is likely to severely affect pinnipeds. Pinnipeds require such areas for nursery and, to a lesser extent, otters and bears. Some of the oil is eventually returned in subtidal sediments, where it may transfer to gray whales, walrus and some seals. Such species feed heavily on benthic animals.

When marine mammals encounter fresh oil, they are likely to inhale volatile hydrocarbons evaporating from the surface slick. These volatile fractions contain toxic monoaromatic hydrocarbons (benzene, toluene and xylenes) and low molecular weight aliphatics with anaesthetic properties. The inhalation of these volatile hydrocarbon compounds is potentially harmful. The inhalation of concentrated petroleum vapours can cause the inflammation of and damage to the mucus membranes of airways, lung congestion or even pneumonia. Volatile benzene and toluene, which can be inhaled, can be transferred rapidly from the bloodstream into the lungs. Furthermore, they can accumulate from the blood into the brain and liver, causing neurological disorders and liver damage.

 

Oil spills on marine plants

In several aspects, aquatic plants are important to the functioning of ecosystems. These include the fact that they are oxygen producers, their ability to sequester carbon and for their base position in aquatic food chains. In addition, they serve as nursery, feeding and breeding habitats for a variety of animal and plant species, including recreationally and commercially important fish. Plants and animals are affected by the oil in which they come into contact with as a result of an oil spill. In their review of toxicities of oils, dispersants and dispersed oils to algae and aquatic plants.

 

Communities at risk of marine oil spills/anticipation and preparation

The threatening of marine environments with the petroleum oil spills has caught the attention of many communities, encouraging them to develop their own plans and policy issues. These have ranged from permitting or prohibiting increased oil transport volumes, to developing the capacity to respond to and recover from potential spill disasters.

Local communities that depend on the fishing industry, aquaculture and tourism should realize that the impact of an oil spill is governed by complex factors. These include the oil spill’s volume and location relative to fishing/cultivation areas, currents, tides and wave action. Other factors include whether species harvested in the region are sedentary or mobile, as well as government decisions relating to fishing bans and compensation schemes.

Economic impact of oil spills in the Eastern Region

Though Eastern Province (EP) has primarily an agriculture-based economy, it has an appreciable contribution to the national economy by way of Fish production and tourisms. Approximately, 25% of the nations fish production is generated by the EP and livelihood income of the fishing community employed in the coastal belt has a tremendous impact of the socio-economic status of the people. The EP has also received an unprecedented development in the tourism sector in the last few decades in that Pottuvil Arugam Bay, Lahugala Panama Beach, Pigeon Island, Nilaveli Beach have become attractive tourist destinations. Hence, any possible oil spill of a huge magnitude could have a devastating impact on all these vibrant economic sectors. Marine oil spills can have a serious impact not only on marine life, but on the gamut of all economic coastal activities and the communities that exploit the resources of the sea as seen above.

Involvement of multiplicity of Players

All in all, the joint efforts put in by Sri Lanka Navy, Air Force, Ports Authority and our Indian counterparts in dousing this fire have to be commended. His Excellency’s timely appreciation to all the players in averting this major calamity is most praiseworthy. It would be grossly unfair, if the names of the Chairperson and the General Manager of the Marine Environment Protection Authority namely Mrs. Dharshani Lahandapura and Dr. Terny Pradeep Kumara gone unnoticed for the magnificent roles they played behind the scene in educating the public and the media as to the possible marine consequences that could have arisen of this catastrophe as well as the mitigatory measures silently adopted to meet the possible oil spill.

Ironically, the above incident has raised many unanswered questions as a whole. As organizations, how much of advanced preparedness the authorities have set in motion to avert maritime catastrophes of this magnitude. Sri Lanka is woefully lacking the sources and resources to meet any eventuality of this magnitude, though it is claimed as a major maritime hub. As committed institutions, what proactive measures have we taken as a nation to deal with the sensitive marine ecosystems referred to above. It is intended to deal with these aspects in a separate column in due course.



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Features

Digital transformation in the Global South

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AI Summit, India

Understanding Sri Lanka through the India AI Impact Summit 2026

Artificial Intelligence (AI) has rapidly moved from being a specialised technological field into a major social force that shapes economies, cultures, governance, and everyday human life. The India AI Impact Summit 2026, held in New Delhi, symbolised a significant moment for the Global South, especially South Asia, because it demonstrated that artificial intelligence is no longer limited to advanced Western economies but can also become a development tool for emerging societies. The summit gathered governments, researchers, technology companies, and international organisations to discuss how AI can support social welfare, public services, and economic growth. Its central message was that artificial intelligence should be human centred and socially useful. Instead of focusing only on powerful computing systems, the summit emphasised affordable technologies, open collaboration, and ethical responsibility so that ordinary citizens can benefit from digital transformation. For South Asia, where large populations live in rural areas and resources are unevenly distributed, this idea is particularly important.

People friendly AI

One of the most important concepts promoted at the summit was the idea of “people friendly AI.” This means that artificial intelligence should be accessible, understandable, and helpful in daily activities. In South Asia, language diversity and economic inequality often prevent people from using advanced technology. Therefore, systems designed for local languages, and smartphones, play a crucial role. When a farmer can speak to a digital assistant in Sinhala, Tamil, or Hindi and receive advice about weather patterns or crop diseases, technology becomes practical rather than distant. Similarly, voice based interfaces allow elderly people and individuals with limited literacy to use digital services. Affordable mobile based AI tools reduce the digital divide between urban and rural populations. As a result, artificial intelligence stops being an elite instrument and becomes a social assistant that supports ordinary life.

Transformation in education sector

The influence of this transformation is visible in education. AI based learning platforms can analyse student performance and provide personalised lessons. Instead of all students following the same pace, weaker learners receive additional practice while advanced learners explore deeper material. Teachers are able to focus on mentoring and explanation rather than repetitive instruction. In many South Asian societies, including Sri Lanka, education has long depended on memorisation and private tuition classes. AI tutoring systems could reduce educational inequality by giving rural students access to learning resources, similar to those available in cities. A student who struggles with mathematics, for example, can practice step by step exercises automatically generated according to individual mistakes. This reduces pressure, improves confidence, and gradually changes the educational culture from rote learning toward understanding and problem solving.

Healthcare is another area where AI is becoming people friendly. Many rural communities face shortages of doctors and medical facilities. AI-assisted diagnostic tools can analyse symptoms, or medical images, and provide early warnings about diseases. Patients can receive preliminary advice through mobile applications, which helps them decide whether hospital visits are necessary. This reduces overcrowding in hospitals and saves travel costs. Public health authorities can also analyse large datasets to monitor disease outbreaks and allocate resources efficiently. In this way, artificial intelligence supports not only individual patients but also the entire health system.

Agriculture, which remains a primary livelihood for millions in South Asia, is also undergoing transformation. Farmers traditionally rely on seasonal experience, but climate change has made weather patterns unpredictable. AI systems that analyse rainfall data, soil conditions, and satellite images can predict crop performance and recommend irrigation schedules. Early detection of plant diseases prevents large-scale crop losses. For a small farmer, accurate information can mean the difference between profit and debt. Thus, AI directly influences economic stability at the household level.

Employment and communication reshaped

Artificial intelligence is also reshaping employment and communication. Routine clerical and repetitive tasks are increasingly automated, while demand grows for digital skills, such as data management, programming, and online services. Many young people in South Asia are beginning to participate in remote work, freelancing, and digital entrepreneurship. AI translation tools allow communication across languages, enabling businesses to reach international customers. Knowledge becomes more accessible because information can be summarised, translated, and explained instantly. This leads to a broader sociological shift: authority moves from tradition and hierarchy toward information and analytical reasoning. Individuals rely more on data when making decisions about education, finance, and career planning.

Impact on Sri Lanka

The impact on Sri Lanka is especially significant because the country shares many social and economic conditions with India and often adopts regional technological innovations. Sri Lanka has already begun integrating artificial intelligence into education, agriculture, and public administration. In schools and universities, AI learning tools may reduce the heavy dependence on private tuition and help students in rural districts receive equal academic support. In agriculture, predictive analytics can help farmers manage climate variability, improving productivity and food security. In public administration, digital systems can speed up document processing, licensing, and public service delivery. Smart transportation systems may reduce congestion in urban areas, saving time and fuel.

Economic opportunities are also expanding. Sri Lanka’s service based economy and IT outsourcing sector can benefit from increased global demand for digital skills. AI-assisted software development, data annotation, and online service platforms can create new employment pathways, especially for educated youth. Small and medium entrepreneurs can use AI tools to design products, manage finances, and market services internationally at low cost. In tourism, personalised digital assistants and recommendation systems can improve visitor experiences and help small businesses connect with travellers directly.

Digital inequality

However, the integration of artificial intelligence also raises serious concerns. Digital inequality may widen if only educated urban populations gain access to technological skills. Some routine jobs may disappear, requiring workers to retrain. There are also risks of misinformation, surveillance, and misuse of personal data. Ethical regulation and transparency are, therefore, essential. Governments must develop policies that protect privacy, ensure accountability, and encourage responsible innovation. Public awareness and digital literacy programmes are necessary so that citizens understand both the benefits and limitations of AI systems.

Beyond economics and services, AI is gradually influencing social relationships and cultural patterns. South Asian societies have traditionally relied on hierarchy and personal authority, but data-driven decision making changes this structure. Agricultural planning may depend on predictive models rather than ancestral practice, and educational evaluation may rely on learning analytics instead of examination rankings alone. This does not eliminate human judgment, but it alters its basis. Societies increasingly value analytical thinking, creativity, and adaptability. Educational systems must, therefore, move beyond memorisation toward critical thinking and interdisciplinary learning.

AI contribution to national development

In Sri Lanka, these changes may contribute to national development if implemented carefully. AI-supported financial monitoring can improve transparency and reduce corruption. Smart infrastructure systems can help manage transportation and urban planning. Communication technologies can support interaction among Sinhala, Tamil, and English speakers, promoting social inclusion in a multilingual society. Assistive technologies can improve accessibility for persons with disabilities, enabling broader participation in education and employment. These developments show that artificial intelligence is not merely a technological innovation but a social instrument capable of strengthening equality when guided by ethical policy.

Symbolic shift

Ultimately, the India AI Impact Summit 2026 represents a symbolic shift in the global technological landscape. It indicates that developing nations are beginning to shape the future of artificial intelligence according to their own social needs rather than passively importing technology. For South Asia and Sri Lanka, the challenge is not whether AI will arrive but how it will be used. If education systems prepare citizens, if governments establish responsible regulations, and if access remains inclusive, AI can become a partner in development rather than a source of inequality. The future will likely involve close collaboration between humans and intelligent systems, where machines assist decision making while human values guide outcomes. In this sense, artificial intelligence does not replace human society, but transforms it, offering Sri Lanka an opportunity to build a more knowledge based, efficient, and equitable social order in the decades ahead.

by Milinda Mayadunna

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Features

Governance cannot be a postscript to economics

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Kristalina-Georgieva

The visit by IMF Managing Director Kristalina Georgieva to Sri Lanka was widely described as a success for the government. She was fulsome in her praise of the country and its developmental potential. The grounds for this success and collaborative spirit go back to the inception of the agreement signed in March 2023 in the aftermath of Sri Lanka’s declaration of international bankruptcy. The IMF came in to fulfil its role as lender of last resort. The government of the day bit the bullet. It imposed unpopular policies on the people, most notably significant tax increases. At a moment when the country had run out of foreign exchange, defaulted on its debt, and faced shortages of fuel, medicine and food, the IMF programme restored a measure of confidence both within the country and internationally.

Since 1965 Sri Lanka has entered into agreements with the IMF on 16 occasions none of which were taken to their full term. The present agreement is the 17th agreement . IMF agreements have traditionally been focused on economic restructuring. Invariably the terms of agreement have been harsh on the people, with priority being given to ensure the debtor country pays its loans back to the IMF. Fiscal consolidation, tax increases, subsidy reductions and structural reforms have been the recurring features. The social and political costs have often been high. Governments have lost popularity and sometimes fallen before programmes were completed. The IMF has learned from experience across the world that macroeconomic reform without social protection can generate backlash, instability and policy reversals.

The experience of countries such as Greece, Ireland and Portugal in dealing with the IMF during the eurozone crisis demonstrated the political and social costs of austerity, even though those economies later stabilised and returned to growth. The evolution of IMF policies has ensured that there are two special features in the present agreement. The first is that the IMF has included a safety net of social welfare spending to mitigate the impact of the austerity measures on the poorest sections of the population. No country can hope to grow at 7 or 8 percent per annum when a third of its people are struggling to survive. Poverty alleviation measures in the Aswesuma programme, developed with the agreement of the IMF, are key to mitigating the worst impacts of the rising cost of living and limited opportunities for employment.

Governance Included

The second important feature of the IMF agreement is the inclusion of governance criteria to be implemented alongside the economic reforms. It goes to the heart of why Sri Lanka has had to return to the IMF repeatedly. Economic mismanagement did not take place in a vacuum. It was enabled by weak institutions, politicised decision making, non-transparent procurement, and the erosion of checks and balances. In its economic reform process, the IMF has included an assessment of governance related issues to accompany the economic restructuring process. At the top of this list is tackling the problem of corruption by means of publicising contracts, ensuring open solicitation of tenders, and strengthening financial accountability mechanisms.

The IMF also encouraged a civil society diagnostic study and engaged with civil society organisations regularly. The civil society analysis of governance issues which was promoted by Verite Research and facilitated by Transparency International was wider in scope than those identified in the IMF’s own diagnostic. It pointed to systemic weaknesses that go beyond narrow fiscal concerns. The civil society diagnostic study included issues of social justice such as the inequitable impact of targeting EPF and ETF funds of workers for restructuring and the need to repeal abuse prone laws such as the Prevention of Terrorism Act and the Online Safety Act. When workers see their retirement savings restructured without adequate consultation, confidence in policy making erodes. When laws are perceived to be instruments of arbitrary power, social cohesion weakens.

During a meeting between the IMF Managing Director Georgeiva and civil society members last week, there was discussion on the implementation of those governance measures in which she spoke in a manner that was not alien to the civil society representatives. Significantly, the civil society diagnostic report also referred to the ethnic conflict and the breakdown of interethnic relations that led to three decades of deadly war, causing severe economic losses to the country. This was also discussed at the meeting. Governance is not only about accounting standards and procurement rules. It is about social justice, equality before the law, and political representation. On this issue the government has more to do. Ethnic and religious minorities find themselves inadequately represented in high level government committees. The provincial council system that ensured ethnic and minority representation at the provincial level continues to be in abeyance.

Beyond IMF

The significance of addressing governance issues is not only relevant to the IMF agreement. It is also important in accessing tariff concessions from the European Union. The GSP Plus tariff concession given by the EU enables Sri Lankan exports to be sold at lower prices and win markets in Europe. For an export dependent economy, this is critical. Loss of such concessions would directly affect employment in key sectors such as apparel. The government needs to address longstanding EU concerns about the protection of human rights and labour rights in the country. The EU has, for several years, linked the continuation of GSP Plus to compliance with international conventions. This includes the condition that the Prevention of Terrorism Act (PTA) be brought into line with international standards. The government’s alternative in the form of the draft Protection of the State from Terrorism Act (PTSA) is less abusive on paper but is wider in scope and retains the core features of the PTA.

Governance and social justice factors cannot be ignored or downplayed in the pursuit of economic development. If Sri Lanka is to break out of its cycle of crisis and bailout, it must internalise the fact that good governance which promotes social justice and more fairly distributes the costs and fruits of development is the foundation on which durable economic growth is built. Without it, stabilisation will remain fragile, poverty will remain high, and the promise of 7 to 8 percent growth will remain elusive. The implementation of governance reforms will also have a positive effect through the creative mechanism of governance linked bonds, an innovation of the present IMF agreement.

The Sri Lankan think tank Verité Research played an important role in the development of governance linked bonds. They reduce the rate of interest payable by the government on outstanding debt on the basis that better governance leads to a reduction in risk for those who have lent their money to Sri Lanka. This is a direct financial reward for governance reform. The present IMF programme offers an opportunity not only to stabilise the economy but to strengthen the institutions that underpin it. That opportunity needs to be taken. Without it, the country cannot attract investment, expand exports and move towards shared prosperity and to a 7-8 percent growth rate that can lift the country out of its debt trap.

by Jehan Perera

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MISTER Band … in the spotlight

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MISTER Band: For the past four consecutive years, they have performed overseas, during New Year’s Eve

It’s a good sign, indeed, for the local scene, to see artistes, who have not been very much in the limelight, now making their presence felt, in a big way, and I’m glad to give them the publicity they deserve.

On 10th February we had Yellow Beatz in the spotlight and this week it’s MISTER Band.

This outfit is certainly not new to our scene; they have been around since 2012, under the leadership of Sithum Waidyarathne.

The seven energetic members who make up MISTER Band are:

Sithum Waidyarathne (leader/founder/saxophonist/guitarist and vocalist), Rangana Seram (bass guitarist), Vihanga Liyanage (vocalist), Ridmi Dissanayake (female vocalist), Nuwan Cristo (keyboardist/vocalist), Kasun Thennakoon (lead guitarist), and Nuwan Madushanka (drummer).

According to Sithum, their vision is to provide high quality entertainmen to those who engage their services.

“Thanks to our engaging performances and growing popularity, MISTER Band continues to be in high demand … at weddings, corporate events and dinner dances,” said Sithum.

They predominantly cover English and Sinhala music, as well as the most popular genres.

And the reviews that come their way, after a performance, are excellent, they say, and this is one of the bouquets they received:

It was a pleasure to have you at our wedding. Being avid music fans we wanted the best music, not just a big named band, and you guys acceded that expectations. Big thanks to Sithum for being very supportive, attentive and generous.

The best thing is the post feedback from all the guests. Normally we get mixed reviews but the whole crowd was impressed by you.

MISTER Band was one of our best choices for our wedding.

What is interesting is that for the past four consecutive years, this outfit has performed overseas, during New Year’s Eve, thereby taking their music to the international stage, as well.

The band has also produced a collection of original songs, with around six original tracks composed by the band leader, Sithum Waidyarathne, including ‘Suraganak Dutuwa,’ ‘Landuni,’ ‘Dili Dili Payana,’ ‘Hada Wedana,’ and ‘Nil Kandu Athare.’

Two more songs are set to be released this month: ‘Hitha Norida’ and ‘Premaye Hanguman.’

In addition to their original music, they have also created a strong online presence by performing and uploading over 50 cover songs and medleys to YouTube.

“We’re now planning to connect with an even wider audience by releasing more cover content very soon,” said Sithum, adding that they are also very active on social media, under the name Mister Band Official – on Facebook, Instagram, YouTube, and TikTok.

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