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Debt debate in the balance

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SJB alleges vital documents not accessible 

By Shamindra Ferdinando

Deputy Speaker Ajith Rajapaksa yesterday (07) said that a debate on the implementation of external debt restructuring agreements could be held if a fresh request was made to that effect.Rajapaksa said so when The Island asked him whether the hotly disputed external debt restructuring agreements would be debated soon. A vote on a resolution related to debt restructuring was to take place on July 03 following a two-day debate.

Deputy Speaker Rajapaksa said that the vote on a fresh resolution followed by debate would entirely depend on a consensus reached at the Committee on Parliamentary Business. However, the issue hadn’t been taken up yet.

President Ranil Wickremesinghe, in his capacity as the Finance Minister delivered his scheduled special statement in Parliament on July 02 claiming credit for paving the way for debt sustainability.

The Deputy Speaker said the debate scheduled for July 02 and 03 had been cancelled because the disclosure of certain details of agreements finalised with the Official Creditor Committee (OCC) and Export Import Bank of China on June 26 would be detrimental to Sri Lanka’s interests in discussions with international sovereign bondholders.

The Deputy Speaker said that now that the three levels of debt restructuring process had been completed the Parliament could debate and vote on a related resolution without hindrance.

State Finance Minister Shehan Semasinghe said that ISBs (International Sovereign Bonds) accounted for USD 12.5 billion out of the total external debt of USD 37 billion.  Therefore, the agreement with sovereign bondholders is a crucial step in government efforts to restore debt sustainability, he said.

The Committee on Parliamentary Business, which met on July 03 decided that the Parliament would meet from July 09 to 12. However, according to a statement issued by Parliament, the debate on the implementation of external debt restructuring agreements hadn’t been at least taken up.

Sources pointed out that SLPPer Shehan Semasinghe, in his capacity as the State Finance Minister, had been involved in the overall process and an influential section of the government parliamentary group, including Chief Government Whip Prasanna Ranatunga and Leader of the House Susil Premjayantha, declared their support for the debt restructuring process publicly.

Top Opposition spokesman Prof. G. L. Peiris yesterday told The Island though no dates had been requested for a fresh debate yet, the issue at hand would be considered at the next Parliamentary Business Committee. The former External Affairs Minister said that documents relating to all three agreements were yet to be made available to MPs.

State Minister Semasinghe recently told us that the Opposition sought political advantage at the expense of successful completion of the debt restructuring process. The bottom line is the Opposition and some other interested parties couldn’t stomach the success achieved by the government, Minister Semasinghe said, urging the public to be wary of the destructive strategies pursued by some elements, both in and outside parliament.

The Anuradhapura District lawmaker emphasized whatever various interested parties said the SLPP solidly backed President Wickremesinghe’s debt restructuring strategy as well as other policy measures in Parliament.



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Sun directly overhead Madampe, Thorayaya, Thotagamuwa, Rattota and Kalavanchikudy about 12.09 noon today (03)

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The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (03) are Madampe, Thorayaya, Thotagamuwa, Rattota and
Kalavanchikudy about 12.09 noon.

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22A: SC urged to suspend hearing, appoint full bench

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Attorney-at-Law Sugandhika Fernando, on behalf of the Vinivida Foundation, petitioned the Supreme Court yesterday (02), seeking a full bench, excluding Chief Justice Preethi Padman Surasena, to hear the petitions challenging the 22nd Amendment Bill. She also requested that the hearing be suspended immediately until the matter was fully heard and determined.

Among the respondents are Chief Justice Surasena, the first respondent, and Attorney General Parinda Ranasinghe. Justices Yasantha Kodagoda, Shiran Gooneratne, Achala Wengappuli and Priyantha Fernando have also been named as respondents.

The petitioner has sought to have quashed the decision of the first respondent to appoint a five-member bench, which she alleged was made in violation of the norms of public law. She also sought a bench comprising all Supreme Court judges, excluding those cited as respondents, to hear the special determination applications on the 22nd Amendment.

The petitioner further contended that Chief Justice Surasena, who is due to retire on December 1, 2026, would be the main beneficiary of the 22nd Amendment.

The hearing of the petitions continued for a second day yesterday (02) before a five-member Supreme Court bench comprising Chief Justice Preethi Padman Surasena and Justices Achala Wengappuli, Arjuna Obeyesekere, Sampath Abeykoon and Gihan Kulatunga.

The hearing, which commenced on Tuesday morning, continued for nearly 12 hours, until 10:30 p.m.

Solicitor General Viraj Dayaratne, appearing for the Attorney General, submitted yesterday that the Government had presented the 22nd Amendment Bill to the Constitution and the Judicature (Amendment) Bill with the objective of expanding and streamlining the country’s judicial system.

After the Solicitor General’s submissions concluded, counsel representing the petitioners requested an opportunity to respond to the Solicitor General and the intervening petitioners. However, the Chief Justice declined to allow the petitioners’ counsel to make further oral submissions, concluded the determination hearing and directed them to file written submissions instead.

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Govt. seeks NATO assistance

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AVM Thuyakontha meets Admiral Giuseppe Cavo Dragone

Sri Lanka has formally requested assistance from the North Atlantic Treaty Organisation (NATO).

According to a press release issued by the Defence Ministry, Defence Secretary Air Vice Marshal (retd) Sampath Thuyakontha has discussed defence cooperation with NATO, with discussions focusing on military modernisation, advanced technology, cyber capabilities and disaster response.

This was during talks between AVM Thuyakontha and NATO Military Committee Chairman Admiral Giuseppe Cavo Dragone on the sidelines of the Chiefs of Defence Conference in Victoria, Canada.

During the meeting, Secretary Thuyacontha outlined Sri Lanka’s defence requirements and areas of interest, including the modernisation of military hardware, acquisition of advanced technologies, and strengthening cyber capabilities and surveillance platforms, the Ministry of Defence said in a statement.

The two sides also discussed opportunities for greater technical cooperation, including the exchange of military personnel, expanded education and training programmes, and increased sharing of expertise and information.

Humanitarian Assistance and Disaster Relief (HADR) was also identified as an area for potential cooperation. The discussions included the exchange of expertise and the effective use of unmanned aerial vehicles (UAVs) in disaster response and related operations.

Defence Secretary Thuyacontha invited NATO to further strengthen its engagement with Sri Lanka, emphasising sustained dialogue, information sharing and practical cooperation in areas of mutual interest.

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