Features
Now Public: Some Secrets of Sri Lanka’s Debt Restructuring
The IMF issued a ‘lessons learnt’ report in September 2025, giving us extensive information of their observations on Sri Lanka’s debt restructuring undertaken after the declaration of the debt standstill in April 2022, including painstaking details of the entire exercise from their point of view, information which was shrouded in secrecy during the process of restructuring.
(https://www.imf.org/en/-/media/files/publications/wp/2025/english/wpiea2025175-source-pdf.pdf)
The IMF calls the report Sri Lanka’s Sovereign Debt Restructuring: Lessons from Complex Processes. It was prepared by Peter Breuer, Sandesh Dhungana, and Mike Li and was authorized for distribution in September 2025.
It attempts to review “the root causes of Sri Lanka’s debt problem, the deliberation of its solution, and the designs, negotiations, and outcomes of the restructuring processes”, all of which was not shared with the public, now available from an authoritative source.
While some of it is very technical, there are many things in it that we can understand, some that clarify our misconceptions, and some that come as quite surprising. Most of all, it gives a timeline, which enables us to place the decisions made by our governments including its senior officials, and former and new politicians in power. It enables us to situate the choices that were made in context and to figure out the strengths and weaknesses, promises and deceptions that led to the less-than-optimal restructuring choices, and the need for Parliament to be held to account for their lack of seriousness with which they take their responsibilities for financial oversight.
One of the lessons in the report is that all stakeholders including the public should have been kept informed in a timely manner, even granting that there were things that could not be shared at certain points in time.
It shows how important it is for citizens, especially the media, to question the obfuscatory and ill-prepared explanations from politicians, both inside and outside Parliament, and diversionary and deceitful ones from bureaucrats.
So, What Went Wrong?
In the Introduction to the Report is a summary of what went wrong, in the authors’ considered opinion:
· Sri Lanka’s public debt became unsustainable in the run up to its 2022 crisis following policy missteps and insufficient preparation for shocks that subsequently struck.
· The loose fiscal policies and a series of external shocks ultimately led to Sri Lanka defaulting on its external debt obligations in April 2022 for the first time since its independence.
So, who formulated those policies, and whose responsibility was it to buffer us from shocks? Admittedly, Covid-19 was a shock no one could have realistically prepared for, but there were some inexplicable delays in taking urgent measures to minimize that shock.
However, there were other shocks which were manufactured by politicians out of arrogance and ignorance, so let’s not all think that the crisis of 2022 was an unavoidable or ‘natural’ disaster.
It is revealed that Sri Lanka was among the lowest tax take in the world among developing countries, at the time. The restructuring that ensued is described as ‘one of the most complex debt restructuring to date’.
Just as the IMF took pains to learn from our disaster, let us learn some lessons about citizenship, and our responsibility to question those who make policies, hopefully to prevent them from continuing to make those “missteps”.
Something that struck me was the IMF’s declaration that it did not participate in the restructuring or undertake any negotiations. They merely supported Sri Lanka’s efforts at Colombo’s request: “The IMF was not a party of the restructuring, and played no role in the negotiations, and on determination of comparability treatment and inter-creditor equity.” (Para 31)
Somehow, some of us were under the impression that the IMF had a noose round the necks of the administration or the ‘authorities’, which constrained them from getting a better deal for the people. This now seems like convenient, possibly deliberate disinformation, allowed to circulate domestically. The administration did have certain conditions to be met in order to release the Extended Fund Facility, but not the gun to the head that we thought they had. The promised re-negotiations (during the election campaign) of those conditionalities never occurred, and they will remain valid for the duration of their program.
What I share is a fraction of the large amount of information in the Report, which threw a light on the hazy narrative of our descent into and path through the economic crisis and the true story of the negotiations –from the vantage point of the IMF– carried out by the Sri Lankan authorities in order to emerge out of the darkness of the economic crisis.
The Creditor Groups
The IMF report makes a couple of striking points in its Abstract about Sri Lanka’s debt restructuring:
· It was different from all others due to its complexity arising from the diversity of creditors.
· It needed complex coordination among the many stakeholders.
· The majority of creditors were “non-traditional” as in “outside Paris Club”.
· Domestic creditors played a major role in overall debt.
In the graphic they provide of the analysis of Sri Lanka’s debt at the time of default, April 2022, a few glaring facts emerge:
· Half of all debt is domestic.
The report indicates that this will continue to be a feature of Sri Lanka’s economy.
· Private bond holders seem to be twice the amount bi-lateral debt of China and India put together.
The report later states that ISB holders became the largest creditor group among foreign creditors. (What happened to the ‘Chinese debt trap”?)
The ISB holders were in two groups. There was a foreign group and a local group. The local group operated under a ‘consortium of eight domestic financial institutions that held ISBs at the time of Sri Lanka’s default’.
In negotiations with the ISB holders both foreign and local, Sri Lankan authorities signed a non-disclosure agreement.
IMF’s role at this stage was to support reforms and ensure that “all the debt treatments proposed/agreed are in line with program parameters.”
The negotiation strategy and parameters were the “authorities’ prerogative”. They were however guided by:
· Debt sustainability targets defined by the IMF under their program
· The IMF’s baseline macroeconomic framework
The discussions with the official creditors are detailed in the report and seems to have gone smoothly with the proposals of the Official Creditor Committee’s (France, India and Japan as co-chairs) showing ‘significant similarities’ with Sri Lanka’s.
Regarding private creditors, after several rounds of discussions, on September 18. 2024, Sri Lanka announced that it came to an agreement in principle with the foreign ISB Holders, and also with the local bondholders, referred to as the Local Consortium of Sri Lanka (LCSL) comprising 11 members. The local group controlled 12% of the outstanding Bonds. Their legal advisors were Baker McKenszie and Newstate Partners LLP.
New York Law to English Law
Within this announcement, Sri Lanka also announced that they had agreed with the foreign ISB holders to a mechanism that would change Bonds that came under the more equitable governing law of New York law, to English or Delaware law.
The UN reports that 60% of developing country debt is held by private creditors and 52% of it is held under the New York Law.
In 2023, a draft bill was proposed by the New York state called “New York Taxpayer and International Debt Crises Prevention Act”. This was commended by two UN Special Rapporteurs as progressive:
The UN reported on June 8. 2023 that Olivier de Schutter, Special Rapporteur on extreme poverty and human rights, and Attiya Waris, Independent Expert on foreign debt and human rights, welcomed the proposal and “urged lawmakers to adopt the draft bill, which compels private creditors to participate in international debt relief efforts on similar terms as public lenders.”
They further said “”If taxpayers contribute to public debt relief, private creditors should be obliged to participate on the same terms,” they said. “Debt relief must be effective and fair for all, and its costs must be shared by private creditors as well.”
The UN said “The proposed legislation means distressed low and middle-income countries would be able to protect the economic, social and cultural rights of their citizens instead of paying ‘unsustainable’ debt loads.”
With this in the pipeline, globally commended by many as helping to bring in more equitable resolutions of debt crises, why move it (to London) from where it was (New York)? Was it in fact precisely because this legislation was in the offing, enforcing private creditors to take on a fair share of the burden? Indeed, what does it say about the negotiating skills of the Sri Lankan team, or even their motivations?
It is also at this point that Sri Lanka agreed in principle, as with all other clauses, to the Macro-Linked Bonds.
Incapacity or Deception?
On September 23, 2024 President Dissanayake was sworn in, after winning the Presidential Election with 42% of the vote.
In December 2024, the IMF reported that “the authorities successfully completed” the process of bond exchange. They also report that post-restructuring, Sri Lanka’s bonds showed strong performance and Moody’s and Fitch upgraded Sri Lanka’s rating by ‘‘three notches”.
The IMF says that the agreements taken together are consistent with their program parameters.
The swearing in of a new President from an entirely different party with an entirely different political orientation and ideology, to the one that negotiated the agreements with the creditors, did not have the faintest impact on the final agreements that were completed. Despite a campaign run on re-negotiating the terms of agreements by the outgoing administration, they were all signed without any change whatsoever.
None of the excuses accounted for the promises strongly delivered from 2023 until the last day of the 2024 campaign, only to be reneged on, because pausing the process at that late stage was seen as disadvantageous.
Anyone who had access to information of the on-going processes as parliamentarians were, and couldn’t see this two months before they were due to be signed, or decided to mislead the public for votes anyway, has to be regarded with more than a tinge of skepticism, concerning current and future promises.
Lessons Learnt
Under the above heading, the IMF draws out lessons from their experience of Sri Lanka’s debt restructure that they think may be relevant to any future events in other countries. Among others, they make the point that the damage this restructuring caused to Sri Lanka’s economy could have been minimized if it had restructured the debt sooner.
It also indicates some reservation about the Macro-Linked Bonds
. The IMF thinks that the “the one-time adjustment nature” of those bonds “presents risks to Sri Lanka as higher payments after 2028, once triggered, would persist even if economic performance were to deteriorate thereafter.” This seems like an MLB debt trap, one that is too late to get out of.
The IMF declares that the design of the debt restructuring “has increased the complexity of the debt contracts” and urges that Sri Lankan authorities “understand comprehensively their post-structuring debt portfolio risks and rapidly strengthen their public debt management capacity.” Obviously, they didn’t have this capacity before, even though we trusted our ‘authorities’ to have been competent at what they were undertaking. Is this important issue being urgently and adequately addressed?
There are many things that Sri Lanka could have done better. One is that the authorities should have laid out “a clear rationale behind the decision” in early engagement with stakeholders including the public, “throughout the restructuring process”. Clearly, this did not happen.
Going forward, one of the things they recommend is a “sensible public investment program and a sound procurement process”. What does this say about this administration’s tardiness in exactly this urgent area? How can the authorities be made to address this without the regular excuses and promises?
The IMF report details many lessons that were learnt from Sri Lanka’s debt restructuring exercise. It would be an invaluable asset to those knowledgeable in the subject especially since there was such secrecy surrounding the process.
The timeline of the exercise given in detail in the report exposes certain uncomfortable truths. Even though the public was not part of the process, the IMF briefed parliamentarians, including Opposition parliamentarians. Consider this: when we were assured by the JVP/NPP Presidential candidate and his party JVP/NPP, both now in power on that basis – among other factors, that they would renegotiate with the IMF and insist on an alternative Debt Sustainability Analysis (DSA), get a much better ‘haircut’ etc., right up until election day, had they already concluded that they did not have the capacity, the expertise nor the required knowledge as individuals or as a party to do so? The quick signing off on all of the agreements already negotiated or negotiated-in-principle by the previous administration which the JVP-NPP persuaded the people were unsatisfactory, points to this uncomfortable truth: they never meant to deviate from those agreements, however reversible or alterable.
There are many such moments of truth, in the IMF report. Parliament would be well advised to study it with care, and familiarize itself with the numerous issues that led to, made inevitable, and proved to be an utterly complex debt restructuring, which due to many avoidable reasons continues to place the heaviest burden on the mass of citizens who were not responsible for it. They were mostly unaware of the policies, actions and inactions of the ‘authorities’ including the politicians they elected, who were entrusted with managing the economy on their behalf.
By Sanja de Silva Jayatilleka
Features
Justice must not end at the prison gate
The recent tragedy at Negombo Prison has forced Sri Lanka to confront an uncomfortable reality. While public attention has understandably focused on the deaths that occurred, the incident has also exposed something far more fundamental: the appalling conditions under which thousands of prisoners are compelled to live every day.
Reports indicate that a prison designed to accommodate about 900 inmates was holding nearly 2,400. Such overcrowding is not merely an administrative inconvenience. It inevitably produces conditions that no civilised society should tolerate. Disease spreads rapidly. Sanitation collapses. Food and healthcare become inadequate. Sleeping space becomes scarce. Opportunities for exercise disappear. Human dignity is steadily eroded.
The consequences extend beyond prisoners themselves. Overcrowded prisons create greater tension, violence, corruption, gang influence, drug trafficking, deteriorating staff morale and increased security risks. Eventually, these pressures explode into tragedies that shock the nation until public attention shifts elsewhere and the cycle repeats itself.
It is tempting to regard prison administration as the exclusive responsibility of the Department of Prisons. That would be a mistake.
Every person who enters prison does so because a judicial officer has exercised the authority of the State. Judges remand suspects or sentence convicts. Yet, once the prison gates close, the justice system effectively loses sight of the conditions in which those individuals are confined to.
This institutional separation deserves careful reconsideration.
Courts do not sentence people to disease, degradation or inhumane living conditions. They sentence them to the deprivation of liberty. There is an important distinction between lawful punishment and unnecessary suffering. When prison conditions themselves become cruel, degrading or dangerous, society has gone beyond what the law intended.
This principle is firmly recognised in international law.
The United Nations Standard Minimum Rules for the Treatment of Prisoners, better known as the “Nelson Mandela Rules” , establish universally accepted standards governing accommodation, sanitation, medical care, nutrition, discipline and respect for the inherent dignity of prisoners. They emphasise a simple but profound principle: although prisoners lose their liberty, they do not lose their humanity. Every person deprived of liberty must continue to be treated with dignity and respect.
Sri Lanka has repeatedly affirmed its commitment to these principles. The challenge is not one of aspiration but of implementation.
One practical reform could significantly improve accountability without requiring major legislative change.
Every Magistrate and Judge whose orders result in persons being detained should be required to visit the prisons within their jurisdiction at least once every three months. Following each inspection, they should submit a concise report to the Ministry of Justice, with a copy made publicly available through the media. The report need not interfere with prison management. Instead, it should objectively assess whether basic standards of safety, sanitation, healthcare, accommodation, nutrition and human dignity are being maintained.
Such inspections would not compromise judicial independence. On the contrary, they would strengthen public confidence in the administration of justice by demonstrating that the judiciary remains concerned not only with imposing lawful punishment but also with ensuring that such punishment is carried out in accordance with the law and accepted standards of humanity.
Comparable oversight already exists in many Commonwealth jurisdictions.
In the United Kingdom, prisons are subject to regular independent inspections carried out by His Majesty’s Inspectorate of Prisons, while Independent Monitoring Boards provide continuous civilian oversight of prison conditions. In India, prison legislation provides for regular inspections by judicial officers, recognising that courts retain an enduring interest in the welfare of those whom they commit to custody. Australia and New Zealand similarly maintain independent inspection and monitoring mechanisms designed to ensure transparency, accountability and compliance with human rights obligations.
These systems recognise an important truth: prison oversight cannot be left solely to prison authorities.
Sri Lanka need not replicate these models in every detail. Our institutions and resources differ. But the underlying principle remains equally relevant. Those entrusted with sending individuals into custody should have periodic opportunities to satisfy themselves that those institutions meet minimum standards consistent with law and human dignity.
Such a reform would also have practical benefits. It would generate reliable information for policymakers, encourage timely maintenance and investment, identify overcrowding before crises emerge, strengthen parliamentary oversight and provide prison administrators with objective evidence when seeking additional resources. Above all, it would remind every public institution that prisoners remain under the protection of the law.
The words painted on many prison walls—”Prisoners are also human beings”—express an admirable sentiment. Yet slogans alone do not protect dignity. Walls cannot guarantee humane treatment. Accountability can.
The measure of a nation’s civilisation is not determined by how it treats its most privileged citizens. It is revealed by how it treats those who possess the least power—including those behind prison walls.
If the Negombo tragedy teaches Sri Lanka anything, it should be this: justice cannot stop at the courtroom door. It must travel all the way to the prison cell. Only then can we honestly claim that ours is a justice system worthy of its name.
by Dr. A. N. C. FERNANDO
Features
The Hallmarked Man
Tales of Mystery and Suspense 9
From the most orthodox of recent crime writers to a very unorthodox one, J K Rowling of Harry Potter fame. After that series concluded, and one not very successful novel about social problems, she turned to a private investigator called Cormoran Strike who, together with his assistant Robin Ellacott (hired initially as a secretary, but providing sterling support which Strike realizes he needs), solves murder mysteries.
I had read several of them previously but not owned any in the series. But when a friend came out from England earlier this year and asked what I would like, I said the latest Strike would be ideal. He duly turned up with The Hallmarked Man albeit he also brought along a box of Fortnum and Mason Turkish Delight, which was much more delectable.
The Strike indeed was not delectable at all, though it was a most exciting read. Rowling seems more often than not to concentrate on the dregs of humanity, and this particular book had two different sexual perverts, a gang that had fights to the death between killer dogs which they and a whole host of onlookers bet on, and another of girls kept captive for sex. And the less ghastly characters furnished endless episodes of adultery and significant incest.
The plot was based on a body found in the vault of a dealer in silver, the night after he had taken delivery of much of the collection of a Freemason. The body had been mutilated, and could not be recognized, but the police decided very soon that it was the body of a gangster killed at the orders of his uncle who ran the gang. But a woman called Decima Mullins hired Strike to prove if he could that this was the body of her boyfriend, who had suddenly disappeared, after he had fathered a baby with her. She believed he had found employment in the shop under the name William Wright.
She was desperate, being the daughter of a rich club owner who despised her, and having finally found love did not want to accept that the much younger man had left her. Strike decided to take on the case, bizarre though it seemed, and soon established that the police had been careless, not even bothering with a DNA test, largely it seemed because the man in charge of the case was a Freemason and seemed to think it his duty to protect the Freemasons from any hint of having been involved.
The police had received two other leads as regards missing persons, but they had dismissed them as not worth pursuing. One was a former SAS man who had been injured in a shady operation, and when Strike was pursuing the case he was told by a worthy who seemed to be from MI 5 that he should back off. The other was a youngster who had left the little town of Ironbridge where he had lived all his life when he was accused of having tampered with a car which led to the death of a boy and his girlfriend, the story being that he had been in love with the girl.
It takes Strike a very long time to arrange interviews with the widow of the SAS man, who lived in Scotland, and the grandmother of the other who was near enough to the border. One reason he had taken on the case, he had to admit to himself, was that he welcomed the opportunity to travel a long distance with his partner Robin Ellacott, with whom he had finally acknowledged to himself he was in love.
Cormoran Strike’s realization that he was in love with his partner could well have come too late, for she was in a steady relationship with a policeman, and they were thinking of moving in together into a house, having been sleeping together at his place or hers for some time. Much of the novel is taken up with the ratiocination about their feelings of the two detectives, compounded by Robin’s unwillingness to let down the policeman Ryan Murphy who is going through a tough time at work, and by the endless affairs Strike had had in the past, one of which came back to haunt him at a particularly bad time.
Life is also complicated by a new assistant who had left the police and joined the firm, who tried to actively flirt with Strike while ignoring Robin. Going into detail about all this would be tedious, but though one often wished Rowling engaged in less repetitive analysis of the diffidence of the pair, I suppose such delicacy is not inconceivable in a pair who had been through so much – Robin’s first marriage had been a disaster, following on her being raped while a student, while Strike’s first love had recently committed suicide, after endless efforts to get involved with him again.
After Strike had made elaborate preparations to stay in a hotel that would provide a suitably romantic setting on the trip to Scotland, Robin said she would not come, after another revelation about Strike’s previous indiscretions. They did meet in Ironbridge, and then worked together well, in interviewing the grandmother and also a neighbour whose daughter had it seemed to have been involved with the now vanished Tyler Powell, but had turned against him after the accident involving his car.
Meanwhile Strike had received a note alleging that the body was that of a porn star and, having traced the woman who had dropped it in, found that he had been used by an unctuous peer to have sex with women which he watched through a two-way mirror. Dick de Lion had attempted some sort of blackmail on the peer, who had then wanted him eliminated.
Strike deduced that de Lion came from Sark, and he and Robin went there, to find him alive and well, but desperate to stay hidden. He was told that the peer was going to be exposed, and advised to tell the police his story first, to ensure he was not charged as an accessory, and he agreed to do this at the urging of his brother, who had previously not believed his story. But they wanted time to break the story first to their mother.
Strike had reason to dislike the peer, since he had got involved in vilifying Strike in association with a journalist who had accused Strike of paying call girls for information and then sleeping with them himself. This in turn was because Strike, or rather his new recruit from the police, Kim, had found that a woman they were trailing because her husband was suspicious was in fact having an affair with the journalist’s wife.
As the above description of its first section shows, The Hallmarked Man is horrendously complex, and the complex peccadilloes of practically all its characters seem excessive even in a wicked world. But all these are put in the shade by the central villainy of the book, which is sexual trafficking which has led to young girls being taken captive for sex, and murder, for a variety of reasons.
Strike and Robin first begin to suspect what is going on when they interview the downstairs neighbours of William Wright, the name used by the man working in the shop, though that brought them no nearer to establishing his identity before he had taken on the persona that had sought a job in the silver shop. The neighbours mentioned a woman and a man who had come to his room to strip it, and they soon deduce that a body found in a wood was that of the woman. The man they suspect is a shady character who called himself Oz on social media, having taken on the identity of a genuine music show producer. The latter had been traced because there were emails to him from the silver shop, but he had an alibi for the time of the murder.
The other man could not be traced, but his technique, of inveigling young girls to go along with him, was clear, and Strike and Robin tried to trace one in particular whom he had tempted. It also transpires that a name Wright had mentioned in front of his neighbours belonged to a woman mentioned in Belgium some years back. Though Strike thought this far-fetched when Robin tried to find more information about her, there was corroboration in that she was Swedish, a single mother, and Oz had told the missing girl, according to her friend, that she reminded him of a Swedish girl he knew.
Strike’s focus begins to crystallize when he realizes that the handyman in the silver shop, Jim Todd, had a shady past, which involved driving for the ring trafficking women including in Belgium. But he had been in jail there when the Swedish woman was murdered. Her body had been found in a wood, and it was assumed her infant daughter too had been killed, and her new partner was jailed for the murder. But the remains had been mutilated and it was possible that there had only been one body there. The parts needed for DNA had been cut away, as had happened with the body in the silver vault.
Watching again and again the video footage, though it was not very clear, of what happened on the afternoon before the murder took place, Strike and Robin noticed some anomalies, most notably that the very heavy crate Todd and Wright had carried downstairs seemed to have had very little in it. And they worked out that a woman who had kept the manager upstairs for some time could well have been Sophia Medina, who had gone to Wright’s room and then been murdered.
When Todd then is murdered, along with his mother, whose flat he had gone to for refuge, Strike begins to understand the rationale for the murder taking place in the vault, with the mutilation of the body designed both to disguise its identity and suggest that Masonic elements were involved. Then step by step the different elements in the whole conglomeration of horrors were resolved.
The man who ran the dogfights was caught trying to take revenge on the person who had destroyed a dog he was looking after which he thought too dangerous to keep – though that was after Strike, in trying to catch him in the act, was mauled by a beast and only saved because Robin carried around with her a pepper spray, which also proved effective when one of the agents of the biggest villain, having tried to frighten her off, then tried to kidnap her.
The loathsome lord had to listen to an account of his misdeeds at a dinner to which he had invited Strike and Robin, and then brought along the dodgy assistant who had left after Strike had made it very clear he found her advances offensive. Strike explained his host’s techniques, and Kim realized that she too had been watched, and filmed, having sex with a stud she had been introduced to. The host departs in high dudgeon, but the expose in the newspapers duly happens and de Lion earns a packet for his story.
And then, having worked out exactly how the murder had happened, in the afternoon, with the murderer brought in in a crate and killing Wright while the manager was distracted, and then leaving the shop disguised as him, Strike sets off to confront him. Robin meanwhile finds the missing silver behind a false wall in the basement, put there by Todd that afternoon, while Wright had been sent to fetch a piece delivered elsewhere by the delivery man who had also been a driver for the trafficking ring – and who also died soon after the incident, though there did not seem to have been foul play in this case.
Strike, along with his toughest assistant, and a police officer who had retired and joined him, breaks into the villain’s house when he had gone to the pub with his mates. But one of the gang is left behind, which is fortunate for he shows the basement used for relentless sex by several men with the girl held captive. Strike knocks him out and subdues the villain who nearly cuts off his ear in the process, and then his assistants turn up and handcuff the two men who had failed to flee in time, and also the two men in the basement. And while the policeman frees the girl, Strike engages in ruthless questioning, helped by some force from his other assistant, since he also wants on record how and why the man in the vault had been killed.
High drama all the way, though interspersed with the story of Strike and Robin, which ends with him proposing to her just before she goes to the Ritz to have dinner with her boyfriend, knowing that he too is about to propose to her. She does not accept Strike, since obviously this story has to run and run. But the story of the client has a reasonably happy ending, because her boyfriend is discovered, and turns out to have had a very good reason for leaving her, namely that he was her half-brother – another quirk in a totally quirky, if gripping, tale.
Features
Beyond one-night stand: Reimagining Colombo’s tourism landscape
(The writer is on X as @sasmester)
Over dinner in Colombo a few nights ago, a friend in the private sector with connections to the hospitality and advertising industries brought up a persistent ‘industry concern.’ Despite a heartening surge in post-crisis tourist arrivals, most visitors treat our capital city as a mere pitstop. They check in, sleep off their jet lag, and vanish the next morning to the pristine beaches of the South, the misty hills of the Central Province, or the cultural triangle.
When hoteliers expressed frustration that it was impossible to retain these visitors for an additional 24 to 48 hours because ‘Colombo has nothing of interest to offer,’ many in the room were taken aback. There is, after all, a fundamental difference between a city lacking substance and a tourism industry lacking the imagination to sell it. Is Colombo truly a dreary concrete jungle, or are we simply blind to its latent potential?
While the state invests heavily in marketing traditional attractions — and shifting focus toward lucrative sectors like destination weddings, the broader spectrum of urban possibilities remains criminally ignored. If we define ‘Colombo’ not just as Fort and Kollupitiya, but everything accessible within a two-hour drive , we possess an abundance of untapped possibilities capable of captivating discerning travellers without exhausting them before their onward journeys.
The Green Lungs of the Capital
For nature enthusiasts, we have the luxury of pristine biodiversity right on the city’s fringes. The Beddagana and Kotte Rampart Wetland Parks offer tranquil, morning or evening walks even in humid conditions that local residents take for granted but visitors might find remarkable. Beddagana, an 18-hectare protected sanctuary nestled along the Diyawanna waterway, features beautifully constructed wooden boardwalks cutting through lush mangroves. It is a haven for birdwatchers, hosting around 80 species of resident and migratory birds. Meanwhile, the Kotte Rampart Wetland Park allows visitors to walk right through a delicate marsh ecosystem while tracing the 14th century fortifications and inner moat (Athul Diya Agala) of the historic Kotte Kingdom.
For those willing to drive just over an hour toward Avissawella, the 106-acre Seethawaka Wet Zone Botanical Garden in Illukowita offers a grander scale of escape. Opened in 2014 to conserve the unique flora of our wet lowland rainforests, it boasts of rolling lawns, a rose garden, a scenic mountain viewpoint, and massive Kumbuk trees flanking freshwater streams.
Yet, these locations desperately require institutional polish: regular maintenance, curated culinary spaces, and seamless ticketing systems are non-negotiable if we expect high-spending tourists to visit.
Curating Culture, Cuisine, and Canvas
Beyond nature, our urban spaces, culinary arts, and contemporary visual culture remain heavily siloed from mainstream tourism.
Consider gastronomy. Over the past couple of years, specialty Sri Lankan restaurants like ‘Lisa’s Lanka’ in Bandra, Mumbai, and ‘Zetu’ in Mehrauli, Delhi, have taken the Indian metro culinary scene by storm. Concurrently, well-known local and overseas food writers like Cynthia Shanmugalingam, Meera Sodha, O Tama Carey, Dom Fernando, Rukmini Iyer, and Nuzrath Shazeen have brought global prestige to Sri Lankan cuisine. Yet, look at our standard tour itineraries –– where is the structural and organized push for curated culinary tourism?
Similarly, while cities like Mumbai and Delhi have transformed their colonial quarters into thriving, structured walking and vehicular tours, Colombo lags behind. Mumbai’s colonial quarter covering areas such as Colaba, Fort and Churchgate, as well as Delhi’s much larger older parts have become established aspects of vehicular and walking tours of these cities. Usually, these tours not only take into account where to visit and how, but also climatic conditions and where to rest and refresh. These are mainstream enterprises.
- Colombo Fort
- Painting by Jagath Weerasinghe
Given that our capital is far more compact and our traffic significantly more manageable than India’s messy and congested mega-cities, designing specialised, time-blocked architecture-art tours is entirely viable. We could seamlessly weave the colonial heritage of Fort and Pettah, the Dutch Hospital, and the Independence Arcade,etc., with different kinds of shopping in some of these same locations. Such tours can also combine ‘museum hopping’ linking the Colombo Dutch Museum, Colombo Port Maritime Museum and the National Museum – notwithstanding all these institutions need major upgrading. Museum tourism may also be organised independently depending on the needs of tour groups or individuals.
The vibrant religious architecture of our historic temples, churches, mosques, and kovils offer another possible tour package. This is not merely about architecture but can also have a focus on the elegant late 19th and early to mid 20th century Buddhist murals in temples such as Subodharamaya in Dehiwala, Ashokaramaya and Isipathanaramaya in Thimbirigasyaya and Subdraramaya in Nugegoda as well as Kelaniya Rajamaha Viharaya and much more recent and stylistically different paintings in Bellanwila Rajamaha Viharaya. These tours are not meant to be religious excursions and therefore can also be intermingled with shopping and culinary excursions. Depending on the available time and the distances covered, they can be walking tours or a combination of motorised transport and walking.
At the moment, though such guided tours in Colombo are offered by a few individuals and some overseas companies, there are no specialised tours that consider different interests and tastes.
Furthermore, we completely ignore our visual culture. Over the last two decades, contemporary Sri Lankan artists have made phenomenal strides globally. Their works sit in prestigious international institutions, from the Fukuoka Asian Art Museum and the Kiran Nadar Museum of Art to the Queensland Gallery of Modern Art and the Guggenheim Abu Dhabi. Contemporary Art is one area in which Sri Lanka has been able to compete with the world and has become a considerably important business whose scale and potential is still ill-understood locally. While our National Art Gallery in its current state is unequipped for international tours, the city’s private galleries and suburban artists’ studios could easily be woven into ‘art-viewing-buying and dining’ experiences.
The MICE Frontier: Colombo as South Asia’s Safe Haven
One of the most glaringly overlooked opportunities lie in MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism. Even though the government has made some efforts in this direction, it needs more aggressive promotion. As corporations and international bodies seek premier regional destinations for conference tourism, Colombo stands out as an ideal oasis.
While historical hotspots and conference and meeting locations across South Asia are increasingly marred by geopolitical friction, civil unrest, or complex security and visa paradigms, Sri Lanka offers a stable, peaceful, and highly secure environment. Compared to what Ashish Nandy calls, the ‘garrison states’ of South Asia, Sri Lanka remains the only easily accessible location for anyone from the region or the world. In this situation, Colombo possesses the exact trifecta required for high-end conference tourism: premium five-star coastal hotels, state-of-the-art convention facilities, and an incredibly warm, hospitable populace. By positioning Colombo as the secure, neutral boardroom of South Asia, we can attract thousands of high-net-worth corporate travellers who naturally extend their business trips into leisure stays.
Conclusion: A Call for Collective Imagination
In my mind, the thematic blueprints outlined here — from eco-tourism and heritage walks to contemporary art and corporate conferences — are designed for high-end, niche markets.
To transform Colombo from a transient pitstop into a mandatory two-day destination, these niches must be integrated into a cohesive national tourism strategy and championed by our diplomatic missions abroad as well as the Sri Lanka Tourism Development Authority. The lingering question is whether our state agencies and major tour operators possess the capacity to think beyond the beaten path. If the bureaucracy remains stagnant, the impetus must come from Colombo’s premier hoteliers themselves. By collaborating with local historians, environmentalists, artists, and culinary experts, the hospitality industry can bypass state lethargy and lack of imagination, curate these experiences independently, and finally give the global traveller a reason to stay in our main city. Ultimately, Colombo is not merely a transit point, but a living museum shaped by the tides of history. As a port of call nourished for ages by foreign tongues, multiple cultures, trade, and traditions, it offers a rich tapestry that cannot be unraveled in a single day; it is a city that demands, and richly deserves, more than just twenty-four hours to reveal its true soul.
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