Midweek Review
‘Aragalaya’ could have been thwarted and GR’s presidency saved: Mahinda Siriwardana
Outgoing Treasury chief Mahinda Siriwardana has appealed to the public not to be deceived by various interested parties responsible for the worst post-independence economic crisis. Declaring that the country had lost its economic sovereignty, Siriwardana emphasised that the situation remained fragile as the country was moving on what he called a narrow path of recovery with very limited options available to maneuver. Warning of catastrophic consequences if the country failed to continue on the IMF track, whatever the political compulsions were, Siriwardana urged the public to support it to regain lost economic sovereignty.
There had been several books on ‘Aragalaya’ that forced President Gotabaya Rajapaksa to give up the presidency in July 2022. Prolific writer Sena Thoradeniya (Galle Face Protest: Systems Change or Anarchy?) and National Freedom Front leader Wimal Weerawansa dealt with ‘Aragalaya’ (Nine: The Hidden Story) in April and October 2023. The writers alleged an external hand in the high profile protest campaign with the focus on the US covert intervention. They portrayed US Ambassador Julie Chung as the villain and one of the major players in the conspiracy.
‘Aragalaya’ time Speaker Mahinda Abeywardena gave a new twist to the plot when he declared in Parliament direct foreign intervention in President Rajapaksa’s ouster, though the ousted leader in his memoirs ‘Conspiracy to oust me from presidency,’ refrained from making direct allegation against the US.
Having perused exposes by Thoradeniya, Weerawansa and Rajapaksa, the writer believes ‘Sri Lanka’s Economic Revival: Reflections on the Journey from Crisis to Recovery,’ authored by outgoing Secretary to the Treasury and Finance, Planning and Economic Development Ministry Mahinda Siriwardana is a must read. It will also be available in Sinhala in the near future.
Siriwardana’s narrative of the circumstances leading to the public protest campaign is explosive. The Treasury Chief built his case on the basis of a series of speeches/power-point presentations delivered during the volatile 2022 to 2025 period. The first speech was delivered on June 24, 2022 at the Royal Colombo Golf Club amidst the ‘Aragalaya’ build-up for the final push, and the final on February 25, 2025 at Shangri-La, Colombo.
In 34 speeches/power-point presentations, Siriwardana cautiously examined how the Central Bank leadership, as well as the so-called economic leadership of the Pohottuwa (Sri Lanka Podujana Peramuna) administration, during the 2019-2022 period, deliberately deceived President Gotabaya Rajapaksa. The author authoritatively asserted that ‘Aragalaya’ could have been thwarted and Gotabaya Rajapaksa’s presidency saved if not for the utterly wrong advice given to him.
The treacherous actions/failures of the Central Bank and the Monetary Board should be examined taking into consideration the massive borrowings over the past several decades and minimal taxing, ridiculously shortsighted policies, Covid-19 pandemic and the Russia-Ukraine war.
In a key note speech delivered at ‘ICC Sri Lanka workshop on trade finance’ at the Colombo Ramada, on February 17, 2024, Siriwardana dropped a bombshell. The soft spoken Finance Secretary didn’t mince his words when he declared the economy collapsed because the then President was given wrong advice on managing the economy. The author hinted at possible conspiracy at the highest level by asserting that it was not a case of providing wrong data to the President but misguiding him on the overall course of economic policy.
Siriwardana, who had been a Deputy Governor of the Central Bank at the time he first issued a warning to the Monetary Board, found fault with those who proposed home-grown solutions to the developing crisis for the eventual collapse of the economy. President Rajapaksa, according to Siriwardana, had been deprived of an opportunity to hear whatever views expressed, contrary to the home-grown solution touted as the panacea for Sri Lanka’s ills.
In the same speech, Siriwardana alleged that those who had propagated home-grown solutions at the expense of economic, political and social stability of post-war Sri Lanka, out of hand rejected assessments provided by international credit rating agencies.
In his preface, Siriwardana, without hesitation whatsoever emphasised that (1) the economic crisis was man-made (2) it could have been prevented or at least the impact mitigated (3) decision makers within the Central Bank and the government turned down timely recommendation for an early engagement with the International Monetary Fund (IMF). The Treasury chief asserted that President Gotabaya Rajapaksa hadn’t been in a position either to receive proper briefing on the developing situation and, therefore, wasn’t able to take remedial measures.
Prime Minister Mahinda Rajapaksa had served as the Finance Minister till July 2021. Basil Rajapaksa was brought in as the Finance Minister in July 2021 while Dr. P. B. Jayasundera served as Secretary to President Rajapaksa. Prof. W.D. Lakshman had been the SLPP’s choice as the Governor but was unceremoniously removed in early September 2021 and replaced with Ajith Nivaard Cabraal. At the time of the new appointment, Cabraal, who had served as Governor, Central Bank, during previous instances, was the State Finance Minister. S.R. Attygalle had been the Secretary to the Treasury.
A letter too late
Delivering the inaugural Prof. K. Dharmasena memorial lecture at the University of Kelaniya on January 30, 2024, Siriwardana explained how President Gotabaya Rajapaksa, in a letter dated March 18, 2022 sought immediate IMF engagement. However, by then the irreversible damage had been done and the The President found himself in a very dicey situation. Obviously the President felt deeply letdown by the developing situation and the realisation that his own team caused irrevocable damage to the post-war economy must have come as quite a shock to the wartime Defence Secretary.
In a no holds barred attack on the Monetary Board of the Central Bank, Siriwardana emphasised in spite of him personally briefing the Monetary Board in mid-2021 of the growing danger in allowing the government to continue on the wrong path, the powers that be disregarded the advice. Having decided not to seek IMF engagement in mid-2020, the government continued to depend on a nonexistent home-grown solution until the country ran out of foreign exchange.
By the time President Rajapaksa realised his folly, it was too late. The President had no option but to bring back retired Senior Deputy Governor Dr. Nandalal Weerasinghe as the Governor of the Central Bank and appoint Siriwardana as the Secretary to the Treasury and Finance, Planning and Economic Development Ministry. Their simultaneous appointments in early April 2022 paved the way for UNP leader Ranil Wickremesinghe’s entry as Prime Minister a couple of weeks later.
At the time of Dr. Weerasinghe’s retirement, he had been holding the position of Senior Deputy Governor which is the No 2 position in the management. Dr. Weerasinghe was supposed to retire on 18 January 2021 at the age of 60. But the top banker had stipulated three months leave and some other leave prior to retirement. Therefore, his retirement took effect at the end of September 2020. Although Deputy Governors are invited to serve until the end of retirement age by the Monetary Board, the then Monetary Board, chaired by Prof W.D. Laxman, in his capacity as the Governor of the Central Bank, ex-officio member Finance Secretary S.R. Arttygalla and appointed member Samantha Kumarasinghe had disagreed. Therefore Dr. Weerasinghe and other Deputy Governor H.A. Karunaratne wasn’t invited to serve that three-month period.
Dr. Weerasinghe and Karunaratne earned the wrath of the establishment by warning the powers that be of the government’s economic strategy. Ironically the same government had to invite Dr. Weerasinghe to take the Governor position in April 2022. But by then the national economy had suffered irreversible damage and the country was in an utterly helpless situation.
Dr. Weerasinghe and Siriwardana and Ranil Wickremesinghe as the Prime Minister (May to July 2022) and President (July 2022 to Sept 2024) spearheaded Sri Lanka’s recovery efforts. Whatever the criticism directed at Wickremesinghe over the years, resolute political leadership given by him during volatile periods should be appreciated, regardless of political differences.
The Chief Guest at Siriwardana’s April 08, 2025 book launch at the Galle Face Hotel was none other than President Anura Kumara Dissanayake, one of the two main beneficiaries of ‘Aragalaya.’ Had the Monetary Board acted on concerns raised by Dr. Weerasinghe and Siriwardana and taken remedial measures at an early stage as repeatedly stressed by the author, economic ruin could have been averted The other main beneficiary is Ranil Wickremesinghe, leader of the UNP. The truth is Wickremesinghe who had even failed to retain his Colombo district seat at the 2020 parliamentary election ended up being elected by Parliament as President in July 2022, thanks to the SLPP’s generosity.
Anura Kumara Dissanayake, leader of two registered political parties namely the JVP and NPP, received such a boost via ‘Aragalaya’ he secured a staggering 5.7 mn votes at the 2024 presidential election. At the previous presidential election conducted in 2019, Dissanayake secured a distant third position with just 418,553 votes. His percentage was pathetic. Just 3.16% whereas Gotabaya Rajapaksa obtained a staggering 6.9 mn votes which amounted to 52.25% of the total accepted votes.

Dr. Coomaraswamy’s take on developments
Both Siriwardana and Dr. Indrajith Coomaraswamy, in his incisive foreword commended successive Presidents Gotabaya Rajapaksa, Ranil Wickremesinghe and incumbent Anura Kumara Dissanayake for what they have done post- ‘Aragalaya’ period.
Both lauded President Dissanayake for continuing with the IMF-led programme, the 17th since 1965. Siriwardana earned Dr. Coomaraswamy’s appreciation for his role in spearheading the efforts to secure parliamentary approval for the Public Financial Management Act (PFMA). Dr. Coomaraswamy who received the appointment as Governor of the Central Bank in June 2016, at the height of the Treasury bond controversy, commended Dr. Weerasinghe’s role in ensuring the enactment of Central Bank of Sri Lanka Act (CBA).
Siriwardana meticulously explained the arduous road the country had to take after key economic decision makers of Pohottuwa hastily vacated their offices by late March/early April 2022.
Siriwardana lamented the absence of a mechanism in case the Central Bank and the Monetary Board disregarded well founded concerns raised by a senior officer. The Supreme Court ruling (SC FR No 195/2022) harshly dealt with the irresponsible lot. Siriwardana’s assessments are compatible with the landmark Supreme Court judgment. Against the backdrop of the politically devastating judgment, Siriwardana examined the absurdity in propagating home-grown solutions disregarding time-tested globally accepted strategies to overcome daunting economic challenges.
Perhaps political parties should make Siriwardana’s book available to at least their members in Parliament. A Sinhala version of Siriwardana’s narrative would definitely help to educate the members of the legislature as part of the overall efforts to educate the Parliament of the dangers on the economic front.
Siriwardana dealt with a number of contentious issues that had been raised by various interested parties seeking to exploit the situation to their advantage. One such issue had been the declaration of debt standstill in April 2022 by Dr. Weerasinghe.
Some of those responsible for the worst post-independence crisis experienced by the country alleged that President Rajapaksa’s administration caused the economic meltdown by unilateral declaration of debt standstill. Siriwardana explained the desperate situation the country was in at the time of the announcement. Liquid and usable reserves had been low as USD 24 mn and the country lacked the wherewithal to meet mandatory debt service requirements. The debt standstill allowed the government to free available foreign currency to pay for critically required imports.
Siriwardana confidently described debt standstill as the first step in the economic recovery process. Political parties represented in Parliament should pay attention to Siriwardana’s assertions. The book launched on April 08, 2025, exactly three years after Siriwardana assumed the responsibilities as the Secretary to the Treasury and Finance, Planning and Economic Development Ministry didn’t receive the deserved attention. Political parties that issue statements at the drop of a hat and call special media briefings to explain their stand remained tight-lipped. Siriwardana’s narrative had been as devastating as the Supreme Court judgment on the ruination of the national economy.
The court found fault with the Rajapaksa brothers, Mahinda, Gotabaya and Basil, Ajith Nivard Cabraal, Prof. W.D. Lakshman, S.R. Attygalle, Dr. P.B. Jayasundara and members of the Monetary Board.
The apex court in its November 2023 judgment rejected their efforts to justify failure to take remedial measures on policy decisions.
Actually, the 10th Parliament should appoint an all-party committee to study the Supreme Court judgment and Siriwardana’s narrative. Whatever the differences over other matters, political parties must ensure that they do not undermine the ongoing IMF-led programme under any circumstances. Major trade unions only concerned about their membership should be briefed of the Supreme Court judgment and Siriwardana’s assessments.
A frightening picture
Appearing before the Committee on Public Finance (COPF) on July 23, 2024, Siriwardana painted a frightening picture of the irresponsible conduct of those who exercised political power. The outspoken official warned Parliament that unlike in the past the current crisis was so severe the country needed a special mechanism to prevent political parties from repeating what he called policy errors of the past. Declaring that those who had been in power always returned to their old ways after adhering to the IMF conditions initially, Siriwardana acknowledged that even now there was no guarantee that the political party system wouldn’t breach the understanding with the IMF.
That is a very serious statement to make and underscored the pathetic situation faced by the country. Referring to the Economic Transformation Bill and other Bills enacted to ensure overall financial discipline, Siriwardana discussed ways and means to proceed with the IMF-led four-year project meant to stabilise the country.
The tax policy is a case in point. Our parliamentarians should know tax policy is no longer in their hands. Instead decisions are taken by the Treasury in consultation with the IMF in line with the Extended Fund Facility (EFF) programme worth USD 3 bn.
Siriwardana, in the 13th chapter, explained how some of those responsible for economic ruination of the country sought political advantage at the expense of the ongoing EFF programme. The author asserted that had they acted responsibly at the time they were entrusted with the task of taking decisions on behalf of the country Sri Lanka wouldn’t have been in current predicament.
Siriwardana will retire at the end of this month. He’ll be assuming duties as an Alternate Executive Director at the Asian Development Bank (ADB), representing Sri Lanka and six other countries. President Dissanayake and his NPP government should ensure that a suitable person capable of handling the tough job is chosen. Siriwardana should make available the Sinhala version of his shocking book as soon as possible for all parliamentarians to understand the gravity of the situation. The responsibility in making suitable appointments lies with the executive and the Constitutional Council depending on the vacancy/appointment. As Siriwardana lucidly explained President Gotabaya Rajapaksa’s downfall was caused by persons appointed by his own administration at the behest of various parties.
Siriwardana’s ‘Sri Lanka’s Economic Revival: Reflections on the Journey from Crisis to Recovery’ is the story of deterioration of governance and accountability. How the war-winning Mahinda Rajapaksa administration allowed economic ruin by pursuing absolutely foolish nonexistent home-grown solutions to a developing economic crisis hitherto not seen. Siriwardana’s take on ‘Aragalaya’ is clear. Whatever the accusations directed at external powers engineering President Gotabaya Rajapakasa’s downfall, that despicable project couldn’t have been brought to a successful conclusion without the Central Bank and Monetary Board creating an environment conducive for ‘Aragalaya.’
Make no mistake, the NPP won’t bother to investigate the alleged conspiracies as they were the main beneficiaries of the high profile project. Let me end this comment with what the outgoing Treasury chief said about the steady decline in revenue collection and the response of our irresponsible Parliament whoever exercised political power. Alleging that revenue collection declined from a healthy 20% of GDP to record low of 8.3% of GDP in 2021, successive governments simply borrowed to cover the shortfall in revenue deficit. The bottom line is the author blamed the Parliament for the ruination of the national economy.
Instead of accepting everything said by the outgoing Treasury Secretary as being the gospel truth we also call upon our readers to delve into Confessions of an Economic Hit Man, which is a semi-autobiographical book written by American essayist John Perkins.
By Shamindra Ferdinando
Midweek Review
Aragalaya: GR blames CIA in Asanga Abeyagoonasekera’s explosive narrative
Did CIA chief William Burns visit Colombo in Feb 2023? Sri Lanka and the US refrained from formally confirming the visit. The Opposition sought confirmation of the then CIA Chief’s visit to Colombo in terms of the Right to Information Act but the Wickremesinghe-Rajapaksa government sidestepped the query. A former Republican congressman from Texas and Director of National Intelligence (2020–2021) John Ratcliffe succeeded Burns in late January 2025.
On the sheer weight of new evidence presented by Asanga Abeyagoonasekera’s ‘Winds of Change’, readers can get a clear picture of the forces that overthrew President Gotabaya Rajapaksa in 2022.
Even five years after the political upheaval, widely dubbed ‘Aragalaya,’ controversy surrounds the high-profile operation that forced wartime Defence Secretary Gotabaya Rajapaksa to literally run for his dear life.
Gotabaya Rajapaksa, formerly of the Army but a novice to party politics, comfortably won the 2019 November presidential election against the backdrop of the Easter Sunday carnage that caused uncertainty and suspicions among communities. The economic crisis, also clandestinely engineered from abroad, firstly by crippling vital worker remittances from abroad, almost from the onset of Gotabaya Rajapaksa’s presidency, overwhelmed the government and created the environment conducive for external intervention. Could it have been avoided if the government, that enjoyed a near two-thirds majority in Parliament, sought the help of the International Monetary Fund (IMF)?
The costly and well-funded book project, undertaken at the time Abeyagoonasekera was working on a governance diagnostic report for the IMF, in the wake of the change of government in Sri Lanka, meticulously examined the former Lieutenant Colonel’s ouster, taking into consideration regional as well as global developments. Abeyagoonasekera dealt efficiently and furiously with rapidly changing situations and developments before the unprecedented 03 January, 2026, US raid on Venezuela.
Lt. Col. (retd) Gotabaya Rajapaksa, for some unexplainable reason and a considerable time after the events, has chosen to blame his ouster on the United States. We cannot blame him either, by the way we have seen how other regime changes had been engineered, in our region, by Washington, since and before Gotabaya’s ouster. The accusation is extraordinary as Gotabaya Rajapaksa in his memoirs ‘The conspiracy to oust me from presidency’ refrained from naming the primary conspirator, though he clearly alluded to an international conspiracy.
April 8, 2019 meeting
Launched in March 2024, in the run-up to the presidential election that brought Anura Kumara Dissanayake (AKD) to power, almost in a dream ride, if not for the intervening outside evil actors, ‘The conspiracy to oust me from presidency’ discussed the international conspiracy, but conveniently failed to name the primary conspirator. What made the former President speak so candidly with Abeyagoonasekera, the founding Director-General of the national security think tank, the Institute of National Security Studies Sri Lanka (INSS), under the Ministry of Defence, from 2016 to 2020?
Abeyagoonasekera also served as Executive Director at the Lakshman Kadirgamar Institute (LKI), under the Ministry of Foreign Affairs (2011–2015), during Mahinda Rajapaksa’s second term as the President. The author, both precisely and furiously, dealt with issues. Readers may find very interesting quotes and they do give a feeling of the author’s general hostility towards the US, India, as well as to the US-India marriage of convenience. Those who sense so may end up thinking ‘Change of Winds’ being supportive of the Chinese strategy. Among the highly sensitive quotes that underlined the Indian approach were attributed to Indian Defence Secretary Sanjay Mitra. The author quoted Mitra as having declared: “We need the MRCC centre [Maritime Rescue Coordination Centre], and you cannot give it to another nation.” As pointed out by the author, it was not a request but an order given to Sri Lanka on 8 April, 2019, meant to prevent Sri Lanka from even considering a competing proposal from China. Against that background, the author, who had been present at that meeting at which the Sri Lanka delegation was led by then Defence Secretary Hemasiri Fernando, questioned the failure on the part of the delegations to take up the Easter Sunday attacks. Terrorists struck two weeks later. Implications were telling.
That particular quote reveals the circumstances India and the US operated here. No wonder the incumbent government does not want to discuss the secret defence MoUs it has entered into with India and the US as they would clearly reveal the sellout of our interests.
The following line says a lot about the circumstances under which Gotabaya Rajapaksa was removed: “In Singapore, a senior journalist recounted how Gotabaya Rajapaksa’s resignation was scripted, under duress, at a hotel, facilitated by a foreign motorcade.”
In the first Chapter that incisively dealt with the Belt and Road Initiative (BRI), the author was so lucky to secure an explosive quote from the ousted leader in an exclusive, hitherto unreported, interview in June 2024, a few months after the launch of Gotabaya Rajapaksa’s memoirs. The ex-President hadn’t minced his words when he alleged that the Central Intelligence Agency (CIA) orchestrated his removal. He also claimed that he had been under US surveillance throughout his presidency.
The ousted leader has confidently cleared India’s Research and Analysis Wing (RAW) of complicity in the operation. What made him call Indian National Security Advisor (NSA) Ajit Doval ‘a good man,’ in response to Abeyagoonasekera’s pointed query. Abeyagoonasekera quoted Gotabaya Rajapaksa as having said: “… he would never do such things.” The ex-President must have some reason to call Doval a good friend, regardless of intense pressure exerted on him and the Mahinda Rajapaksa government by the Indians to do away with large scale Chinese-funded projects. (Doval in late October last year declared “poor governance” was the reason behind uprisings that led to change of governments in Bangladesh, Nepal, and Sri Lanka over the period of past three-and-a-half years. The media quoted Doval as having said, during a function in New Delhi, that democracy and non-institutional methods of regime change in countries, such as Bangladesh, Sri Lanka and Nepal, created their own set of problems. That was the first time a senior Indian government official made remarks on Nepal’s government change, followed by the Gen Z uprising in early September, 2025.)
Gotabaya Rajapaksa also cleared the Chinese of seeking to oust him. It would be pertinent to mention that China reacted sternly when at the onset of the Gotabaya presidency, the President suggested the need to re-negotiate the Hambantota Port deal.
During the treacherous ‘Yahapalana’ administration (2015 to 2019) Gotabaya Rajapaksa told me how Doval had pressed him to halt not only the Colombo Port City project but to take back Hambantota Port as well. By then, the Chinese had twisted the arms of the Yahapalana leaders Mairthpala Sirisena and Ranil Wickremesinghe and secured the Hambantota Port on a 99-year lease in a one-sided USD 1.2 bn deal. The Colombo Port City project, that had been halted by the Yahapalana government, too, was resumed possibly under Chinese threat or for some money incentive.
Once Wijeyadasa Rajapakshe, PC, declared, at a hastily arranged media briefing at Sri Lanka Foundation (SLF), that Sri Lanka would be relentlessly targeted as long as the Chinese held the Hambantota Port. The writer was present at that media briefing.
Wijeyadasa Rajapakshe said so in the aftermath of the 2019 Easter Sunday carnage, while disclosing his abortive bid to convince the Yahapalana government to abrogate the Hambantota Port deal. Did the parliamentarian know something we were not aware of? The author’s assessment, regarding the Easter Sunday attacks, based on interviews with Chinese officials and scholars, is frightening and an acknowledgement of a possible Western role in Sri Lanka’s destabilisation plot.
The ousted leader, in his lengthy interview with Abeyagoonasekera, made some attention-grabbing comments on the then US Ambassador here, Julie Chung. The ex-President questioned a particular aspect of Chung’s conduct during the protest campaign but his decision not to reveal it all in his memoirs is a mystery. Perhaps, one of the most thought-provoking queries raised by Abeyagoonasekera is the rationale in Gotabaya Rajapaksa’s claim that he didn’t want to suppress the protest campaign by using force against the backdrop of his own declaration that the CIA orchestrated the project.
Author’s foray into parliamentary politics

Gotabaya
For those genuinely interested in post-Chandrika Bandaranaike Kumaratunga developments, pertaining to international relations and geopolitics, may peruse ‘Winds of Change’ as the third of a trilogy. ‘Sri Lanka at Crossroads’ (2019) dealt with the Mahinda Rajapaksa period and ‘Conundrum of an Island’ (2021) discussed the treacherous Sirisena–Wickremesinghe alliance. The third in the series examined the end of the Sri Lanka Podujana Peramuna’s (SLPP) President Gotabaya Rajapaksa’s rule and the rise of Anura Kumara Dissanayake (AKD) whom the author described as a Marxist, though this writer is of the view the JVP and NPP leader AKD is not so. AKD has clearly aligned his administration with US-India while trying to sustain existing relationship with China.
Among Asanga Abeyagoonasekera’s other books were ‘Towards a Better World Order’ (2015) and ‘Teardrop Diplomacy: China’s Sri Lanka Foray’ (2023, Bloomsbury).
Had Abeyagoonasekera succeeded in his bid to launch a political career in 2015, the trilogy on Sri Lanka may not have materialised. Abeyagoonasekera contested the Gampaha district at the August 2015 parliamentary election on the UNP ticket but failed to garner sufficient preferences to secure a place in Parliament. That dealt a devastating setback to Abeyagoonasekera’s political ambitions, but the Wickremesinghe-Sirisena administration created the Institute of National Security Studies Sri Lanka (INSS), under the Ministry of Defence, for him. Abeyagoonasekera received the appointment as the founding Director-General of the national security think tank, from 2016 to 2020.
Several persons dealt with ‘Aragalaya’ (the late Prof. Nalin de Silva used to call it (Paragalaya) before Abeyagoonasekera though none of them examined the regional and global contexts so deeply, taking into consideration the relevant developments. Having read Wimal Weerawansa’s (Nine: The hidden story), Sena Thoradeniya’s (Galle Face Protest; Systems Change or Anarchy?). Mahinda Siriwardena’s (Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery) and Prof. Sunanda Maddumabandara’s (Aragalaye Balaya), the writer is of the opinion Abeyagoonasekera dealt with the period in question as an incisive insider.
Abeyagoonasekera, as a person who left the country, under duress, in 2021, painted a frightening picture of a country with a small and vulnerable economy trapped in major global rivalries. The former government servant attributed his self–imposed exile to two issues.
The first was the 2019 Easter Sunday carnage. Why did the Wickremesinghe-Sirisena government ignore the warning issued by Abeyagoonasekera, in his capacity as DG INSS, in respect of the Easter Sunday bombing campaign? There is absolutely no ambiguity at all in his claim. Abeyagoonasekera insists that he alerted the government four months before the National Thowheed Jamath (NTJ) bombers struck. The bottom line is that Abeyagoonasekera had issued the warning several weeks before India did but those at the helm of that inept administration chose to turn a blind eye.
The second was the impending economic crisis that engulfed the country in 2022. Abeyagoonasekera is deeply bitter about his arrest on 21 July, 2024, at the Bandaranaike International Airport (BIA) over an alleged IRD –related offence as reported at that time, especially because he was returning home to visit his sick mother.
Asanga’s father Ossie, a member of Parliament and controversial figure, was killed in an LTTE suicide attack at Thotalanga in late Oct. 1994. The Chairman and leader of Sri Lanka Mahajana Pakshaya had been on stage with then UNP presidential election candidate Gamini Dissanayake when the woman suicide cadre blasted herself. The assassination was meant to ensure Kumaratunga’s victory. The LTTE probably felt that it could manipulate Kumaratunga than the experienced Dissanayake who may have had reached some sort of consensus with New Delhi on how to deal with the LTTE.
Let me reproduce a question posed to Asanga Abeyagoonasekera and his response in ‘Winds of Change’ as some may believe that the author is holding something back. “Didn’t they listen?” a US intelligence officer had asked me incredulously after the bombings. Years later, during my role as a technical advisor for the International Monetary Fund (IMF) amid Sri Lanka’s collapse, the question resurfaced: “How did you foresee the collapse of a powerful regime with a majority in parliament?” My answer remained the same—patterns. Rigorously gathered data and relentless analysis reveal the arcs of history before they unfold.
Perhaps, readers may find what former cashiered Flying Officer Keerthi Ratnayake had to say about ‘Aragalaya’ and related developments (https://island.lk/ex-slaf-officer-sheds-light-on-developments-leading-to-aragalaya/)
Bombshell claim
Essentially, Abeyagoonasekera, on the basis of his exclusive and lengthy interview with former President Gotabaya Rajapaksa, confirmed what Wimal Weerawansa and Sena Thoradeniya alleged that the US spearheaded the operation.
But Prof. Maddumabandara, a confidant of first post-Aragalaya President Ranil Wickremesinghe has bared the direct Indian involvement in the regime change operation. In spite of Gotabaya Rajapaksa confidently clearing Indian NSA Doval of complicity in his ouster, Prof. Maddumabandara is on record as having said that the then Indian High Commissioner here Gopal Baglay put pressure on Speaker Mahinda Yapa Abeywardena to take over the government for an interim period. (https://island.lk/dovals-questionable-regional-stock-taking/)
Obviously, the US and India worked together on the Sri Lanka regime change operation. That is the undeniable truth. India wanted to thwart Wickremesinghe receiving the presidency by bringing in Speaker Abeywardena. That move went awry in spite of some sections of both Buddhist and Catholic clergy throwing their weight behind New Delhi.
The 2022 violent regime change operation cannot be discussed without taking into consideration the US-led project that also involved the UNP, JVP and TNA to engineer retired General Sarath Fonseka’s victory at the 2010 presidential election and their backing for turncoat Maithripala Sirisena at the 2015 presidential election.
The section, titled ‘Echoes of Crisis from Sri Lanka to Bangladesh: South Asia’s Struggle in a Polycrisis’, is riveting and underscores the complexity of the situation and fragility of governments. Executive power and undisputable majorities in Parliament seems irrelevant as external powers intervene thereby making the electoral system redundant.
Having meticulously compared the overthrowing of Gotabaya Rajapaksa and Bangladesh’s Premier Sheikh Hasina, the author condemned them for their alleged failures and brutality. Abeyagoonasekera stated: “When the military sides with the protesters, as it did in Sri Lanka and now in Bangladesh, it reveals the rulers’ vulnerabilities.” The author unmercifully chided the former President for seeking refuge in the West while alleging direct CIA role in his ouster. But that may have spared his life. Had he sought a lifeline from the Chinese so late the situation could have taken a turn for worse.
The comment that had been attributed to Gotabaya Rajapaksa seemed to belittle Ranil Wickremesinghe who accepted the challenge of becoming the Premier in May 2022 and then chosen by the ruling SLPP to complete the remainder of Gotabaya Rajapaksa’s five-year term. Ranil was definitely seen as an opportunistic vulture who backed ‘Aragalaya’ without any qualms till he saw an opening for himself out of the chaos.
On Wickremesinghe’s path
Abeyagoonasekera discussed the joint US-Indian strategy pertaining to Sri Lanka. Whatever the National People’s Power (NPP) and its President say, the current dispensation is continuing Wickremesinghe’s policy as pointed out by the author. In fact, this government appears to be ready even to go beyond Wickremesinghe’s understanding with New Delhi. The Memorandum of Understanding (MoU) on defence and the selling of the controlling interests of the Colombo Dockyard Limited (CDL) to India, mid last year, must have surprised even those who always pushed for enhanced relations at all levels.
The economic collapse that resulted in political upheaval has given New Delhi the perfect opportunity to consolidate its position here. Uncomplimentary comments on current Indian High Commissioner Santosh Jha in ‘Winds of Change’ have to be discussed, paying attention to Sri Lanka’s growing dependence and alleged clandestine activities of India’s Research and Analysis Wing (RAW). Abeyagoonasekera seemed to have no qualms in referring to RAW’s hand in 2019 Easter Sunday carnage.
Overall ‘Winds of Change’ encourages, inspires and confirms suspicions about US and Indian intelligence services and underscores the responsibility of those in power to be extra cautious. But, in the case of smaller and weaker economies, such as Sri Lanka still struggling to overcome the economic crisis, there seems to be no solution. Not only India and the US, the Chinese, too, pursue their agenda here unimpeded. Utilisation of political parties, represented in Parliament, selected individuals, and media, in the Chinese efforts, are obvious. Once parliamentarian Wijeyadasa Rajapakshe raised the Chinese interventions in Sri Lanka. He questioned the Parliament receiving about 240 personal laptops for all parliamentarians and top officials. The then UNPer told the writer his decision not to accept the laptop paid for by China. Perhaps, he is the only Sri Lankan politician to have written a strongly worded letter to Chinese leader Xi warning against high profile Chinese strategy.
Winds of Change
is available at
Vijitha Yapa and Sarasavi
By Shamindra Ferdinando
Midweek Review
Beginning of another ‘White Supremacist’ World Order?
Donald Trump’s complete lack of intelligence, empathy and common sense have become more apparent during the current term of his presidency. Ordinarily, a country’s wish to self-destruct as the United States seemingly does at present, and as the violence against US citizens and immigrants alike at the hands of federal authorities have shown in Minnesota, can be callously considered the business of that country. If the Trumpian imbecility was unfolding in Sri Lanka, anywhere else in South Asia or some other country of the purported Third World, the so-called World Order, led by the United States, would be preaching to us the values of democracy and human rights. But what happens when the actions of a powerful country, such as the United States, engulfs in the ensuing flames the rest of us? Trump and his madness then necessarily become our business, too, because combined with the military and economic power of the United States and its government’s proven lack of empathy for its own people, and the rest of the world, is quite literally a matter of global survival. Besides, one of the ‘positive’ outcomes of the Trumpian madness, as a friend observed recently, is that “he has single-handedly exposed and destroyed the fiction of ‘Western Civilisation’, including the pretenses of Europe.”
It is in this context that the speech delivered by the Canadian Prime Minister, Mark Carney, at the World Economic Forum, in Davos, on 20 January, 2026, deserves attention. It was an elegant speech, a slap in the face of Trump and his policies, the articulation of the need for global directional change, all in one. But, pertinently, it was also a speech that did not clearly accept responsibility for the current world (dis)order which Carney says needs to change. The reality of that need, however, was overly reemphasised by Trump himself during his meandering, arrogant and incohesive speech delivered a day later, spanning over one hour.
My interest is in what Carney did not specifically say in his speech: who would constitute the new world order, who would be its leaders and why should we believe it would be any different from the present one?
Speaking in French, Carney observed that he was talking about “a rupture in the world order, the end of a pleasant fiction and the beginning of a harsh reality, where geopolitics, where the large, main power, geopolitics, is submitted to no limits, no constraints.” He was, of course, responding to the vulgar script for global domination put in place by the Trumpian United States, given Trump’s declared interest in seeing Canada as part of the United States, his avarice for Greenland, not to mention his already concluded grab for Venezuelan oil. But within this scenario, bound by ‘no limits’ and ‘no constraints’ he was also talking of Russia and China albeit in a coded language.
He reiterated, “that the other countries, especially intermediate powers like Canada, are not powerless. They have the capacity to build a new order that encompasses our values, such as respect for human rights, sustainable development, solidarity, sovereignty and territorial integrity of the various states. The power of the less power starts with honesty.”
Who could disagree with Carney? His words are a refreshing whiff of fresh air in the intellectual wasteland that is the Trumpian Oval Office and the current world order it prevails over. But where has been the ‘honesty’ of the less powerful in the specific situation where he equates Canada itself within this spectrum? He tells us that “the rules-based order is fading, that the strong can do what they can, and the weak must suffer what they must.”
That is stating the obvious. We have known this for decades by experience. Long before Canada’s relative silence with regard to Trump’s and US’ facilitation of the assault on Palestine and the massacre of its people, and the US President’s economic grab in Venezuela and the kidnapping of that country’s President and his wife, Canada’s own chorus in the world order that Carney now critiques has been embellished by silence or – even worse – by chords written by the global dominance orchestra of the United States.
He says the fading of the rules-based order has occurred because of the “strong tendency for countries to go along, to get along, to accommodate, to avoid trouble, to hope that compliance will buy safety.” Canada fits this description better than most other nations I can think of. But would Canada, along with other nations among the silent majority within the ‘intermediate powers’ take the responsibility for the mess in the world precisely that silence has directly led to creating? Who will pay for the pain many nations have endured in the prevailing world order? Will Canada lead the way in the new world order in doing this?
Carney further articulates that “for decades, countries like Canada prospered under what we called the rules-based international order. We joined its institutions, we praised its principles, we benefited from its predictability. And because of that, we could pursue values-based foreign policies under its protection.”
But this is not true, is it? Countries like Canada prospered not merely because of the stability of rules of the world order, but because they opted for silence when they should not have. The rupture and the chaos in the world order Carney now critiques and is insanely led by Trump today is not merely the latter’s creation. It has been co-authored for decades by countries such as Canada, France, the United Kingdom to mention just a few who also regularly chant the twin-mantras of human rights and democracy. Trump is merely the latest and the most vocal proponent of the nastiness of that World Order.
It is not that Carney is unaware of this unpleasant reality. He accepts that “the story of the international rules-based order was partially false, that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically. And we knew that international law applied with varying rigour depending on the identity of the accused or the victim.”
While Canada seems to be coming to terms with this reality only now, countries like Sri Lanka and others in similarly disempowered positions in this world order have experienced this for decades, because, as I have outlined earlier, Canada et al have been complicit sustainers of the now demonised and demonic world order.
It is not that I disagree with the basic description Carney has painted of the status of the world. But from personal experience and from the perspective of a citizen from a powerless country, I simply do not trust those who preach ‘the gospel of the good’ not as a matter of principle, but only when the going gets tough for them.
At this rather late stage, Carney says, Canada is “amongst the first to hear the wake-up call, leading us to fundamentally shift our strategic posture.” Unfortunately, we, the people of countries who had to dance to the tunes of the world order led by the First World, have heard it for years, with no one listening to us when our discomforts were articulated. Now, Carney wants ‘middle powers’ or ‘intermediate powers’ within which he also locates Canada, “to live the truth?” For him, the truth means “naming reality” as it exists; “acting consistently” towards all in the world; “applying the same standards to allies and rivals” and “building what we claim to believe in, rather than waiting for the old order to be restored.” This appears to be the operational mantra for the new world order he is envisioning in which he sees Canada as a legitimate leader merely due to its late wakeup call.
He goes on to give a list of things Canada has done locally and globally and concludes by saying, “we have a recognition of what’s happening and a determination to act accordingly. We understand that this rupture calls for more than adaptation. It calls for honesty about the world as it is.” He goes on to say Canada also has “the capacity to stop pretending, to name reality, to build our strength at home and to act together.” He notes this is “Canada’s path. We choose it openly and confidently, and it is a path wide open to any country willing to take it with us.” Quite simply, this a leadership pitch for a new world order with Canada at its helm.
Without being overly cynical, this sounds very familiar, not too dissimilar to what USAID and Voice of America preached to the world; not too dissimilar to what the propaganda arms of the Soviet Union and the Chinese Communist Party used to preach in our own languages when we were growing up. It is difficult to buy this argument and accept Canadian and middle country leadership for the new world order when they have been consistently part of the problem of the old one and its excuses for institutionalised double standards practiced by international organisations such as the likes of the United Nations, the World Bank, the International Monetary Fund and other hegemonic entities that have catered to the whims of that world order.
As far as Canada is concerned, it is evident that it has suddenly woken up only due to an existential threat at home projected from across its southern border and Trump’s threats against the Danish territory of Greenland. When Gaza was battered, and Venezuela was raped, there was no audible clarion call. Therefore, there is no real desire for democracy or human rights in its true form, but a convenient and strategic interest in creating a new ‘white supremacist’ world order in the same persona as before, but this time led by a new white warrior instead. The rest of us would be mere followers, nodding our heads as expected as was the case before.
As the 20th century American standup comedian Lenny Bruce once said, “never trust a preacher with more than two suits.” Mr. Carney, Canada along with the so-called middle powers and the lapsed colonialists have way more than two suits, and we have seen them all.
Midweek Review
The MAD Spectre
Lo and behold the dangerous doings,
Of our most rational of animals,
Said to be the pride of the natural order,
Who stands on its head Perennial Wisdom,
Preached by the likes of Plato and Confucius,
Now vexing the earth and international waters,
With nuke-armed subs and other lethal weapons,
But giving fresh life to the Balance of Terror,
And the spectre of Mutually Assured Destruction.
By Lynn Ockersz
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