29 February, 2024

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Speeding Up Recovery Requires Consistency

By Jehan Perera

Jehan Perera

It is now over four months since the local government elections were postponed by the government on the grounds of financial debility. For the first time ever an election was postponed outside of the legal framework and on the justification that the government treasury had no money to hold those elections. The government’s efforts to strengthen itself politically at the grassroots but without going for elections appear to have come undone. The Attorney General has opined that the government’s preferred option of reviving the dissolved local government authorities by enacting a law in parliament rather than by holding the local government elections is unconstitutional. Any other decision would have given rise to the question as to why the same principle was not used in the case of provincial council elections which have not been held for more than five years. 

The Attorney General has said that the government would have to seek a 2/3 majority in parliament and also approval of the people at a referendum if it is to give new life to what is no longer in existence. The government is unlikely to want to consult the people through either the electoral process or a referendum any time soon. The most favorable of public opinion polls which show a rise in the government’s popularity, and in particular that of the president, also show that its overall popularity continues to be low. The fact that the government is likely to lose the local government elections if it should have them is, however, no justification for its refusal to conduct them according to the law. The government’s refusal to conduct the local government elections is another troubling indicator of the culture of impunity that brought Sri Lanka to the sorry situation it currently is bogged down in.

The main democratic method of ensuring accountability is elections that offer the people to get rid of leaders and representatives who have failed to perform or have betrayed their promises. The turnover at elections infuses fresh faces into the system. President Ranil Wickremesinghe has on numerous occasions invited the opposition to join the government. A few have heeded the president and left their political parties to join the government. They have been rewarded with ministerial positions. However, the government cannot expect the opposition as a whole to acquiesce in the clear violation of the electoral process and the constitution and become a partner to this subversion of the rule of law.

No Accountability

Under normal circumstances, if a government is violating the constitution, the opposition would take the matter up in the courts of law and obtain redress. On this occasion, however, the verdict of the courts that financial debility is no excuse for not holding elections has been ignored by the government. The judges in fact have been threatened with being brought before a parliamentary committee to inquire into the violation of parliamentary privilege. While this has not happened, neither has the government followed the judicial ruling. Those in the government need to set an example by showing respect for the judiciary which is the last institution of appeal and redress in a democracy, short of elections themselves. 

The next step for the opposition to take might have been to mobilise the people to the streets. Neither the opposition nor the general public have shown an appetite to take the political battle to the street. They do not wish to create instability that would discourage the necessary investments to take place in the economy. They are also not willing to take on the government which has shown proficiency to use the laws to stymie public protest. The lack of accountability displayed by the government in its refusal to obey the laws of the land and conduct the local government elections when they should be held, would cross over into other areas of governance as well. There are countless other areas in which there is impunity. Ministers of the government are suggesting projects are very costly, and which seem to have no bearing on the people’s immediate welfare. The lack of accountability shown in the targeting of pension funds to solve the government’s debt restructuring is a tragedy, the consequences of which are yet hidden, for which there needs to be accountability.

The issue of sub-standard medical supplies has come to the fore due to the tragic fates suffered by many people who have gone to the government hospitals. The lack of accountability and corruption in medical supplies, which is having life and death consequences to users of the government health system has been brought to the attention of the people by the media. Due to public opprobrium there is a possibility that there will be constructive changes in that particular area. Similarly, it is important to note the numbers of children who have dropped out of schools, the numbers of people who have lost their jobs, and the numbers who have fallen out of the Samurdhi/Aswesuma social welfare net, so that remedial action may be taken, if not now at least in the future.

No Credibility

During this period without elections parliament is being likened to a factory churning out new laws. There are new laws for taxes, tourism, anti-terrorism, labour, anti-corruption, broadcasting, NGOs, and truth commissions. Some of these have been enacted as laws by parliament, such as the tax laws, some are pending such as the anti-corruption and labour laws, and others have been put on hold such as the anti-terrorism and media broadcasting laws. There are also the pending truth and reconciliation commission and NGO laws that have been much discussed at the conceptual level but not yet finalized for presentation to parliament. Some of these laws have positive features in them but the problem is that they are being produced by a government that is not accountable to the people. The contradiction in governance today is that a government that does not abide by court orders is prescribing laws for the rest of society. 

The present government has a problem with its democratic legitimacy. President Ranil Wickremesinghe who is acknowledged by many as doing a better job than any other conceivable leader at the moment was legally elected as president as per the constitution. The international community and the business elites and swathes of the middle classes appear to be placing their faith in him. But he was elected by a parliament that has lost its moral legitimacy. When former President Gotabaya Rajapaksa and the entire government he headed resigned in the face of the mass protests that took place a year ago, the expectation was that elections would take place soon after and a new leadership would emerge to take over the governance of the country. Instead there is a situation in which not even local government elections are being held in violation of the constitution, putting the government in the position of deeming itself beyond the law.

The new laws can be pushed through by the government using its majority in parliament. But the reform of laws and the creation of new laws will not lead to either problem solving or better governance. The laws can be reversed, even as the 17th Amendment gave way to the 18th, 19th, 20th and eventually to the watered down 21st. What is necessary is that those who committed crimes, be they on the battlefield of war or in the national economy are held to account so that they will no longer be able to repeat their crimes and stand as examples to others. This is the value of the transitional justice process, which emphasizes finding the truth, holding those guilty of crimes accountable, compensating the victims and changing the system to ensure non-recurrence. In the case of economic crimes, those who will need to be compensated will be the EPF/ETF holders and those whose savings and incomes were halved by those who drove the country to bankruptcy. But if those who are the perpetrators sit as decision makers as in the case of the recently appointed Parliamentary Select Committee to probe Sri Lanka’s bankruptcy and submit recommendations, then recovery will be a long time in coming.

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Latest comments

  • 10
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    “The main democratic method of ensuring accountability is elections that offer the people to get rid of leaders and representatives who have failed to perform or have betrayed their promises”, – Jehan Perera waxes eloquently.
    Have our people ever managed to get rid of the leaders / representatives at an election.
    Call me a pessimist. That is not happening!

    • 4
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      Correction: Jehan Perera waxes eloquent.

      • 2
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        Ranil has speeded-up things alright: his aims for the nation are very high! …….. https://www.youtube.com/watch?v=e62cYxSAoRo

        Now, let him achieve ……. the ol’ consistency.

        Lanka will be nothing but milk & honey ……. the ever elusive “Sinhala-Buddhist” paradise!

        In all things humans indulge in …….. only stupidity is limitless.

        Native, can you think of one more thing without limits ……… besides OC’s debauchery? :))))
        …… and oh yeah, besides SM’s and LM’s tic for tac fights …………


        Someday ……. I’m gonna sit down and write a book.

        • 3
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          nimal fernando

          “besides OC’s debauchery?”

          Were you taught by Catholic Nuns and Bramin math teachers from South India?
          You are very hard on old codger, let him have some room for indulgence, besides being the Casanova of the oriental he has some obligation towards…….

        • 4
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          nimal fernando

          “In all things humans indulge in …….. only stupidity is limitless.”

          You are not closely related to Albert Einstein are you?

          Two Things Are Infinite: the Universe and Human Stupidity
          – Quote from Albert Einstein?

    • 0
      0

      Nathan,
      Fully agree!
      “The main democratic method of ensuring accountability is elections that offer the people to get rid of leaders and representatives who have failed to perform or have betrayed their promises”
      That’s absolute BS!!!??
      For that statement to be true, MaRa should have been defeated in 2010, IF NOT, atleast never re-elected as even an MP in October 2020!!?? Should not be Re-elected when his corrupt, Kleptocracy Practices were made public!!!
      Whither Sri Lanka and Democracy!!!???

  • 13
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    “When former President Gotabaya Rajapaksa and the entire government he headed resigned in the face of the mass protests that took place a year ago, the expectation was that elections would take place soon after and a new leadership would emerge to take over the governance of the country.”
    Yes, but wasn’t Gota himself duly elected? We all know what happened. In science, there is a principle: One does not keep repeating an experiment expecting a different result each time.
    The electorate elects those who are popular, not those who are capable.

    • 1
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      old codger,
      “The electorate elects those who are popular, not those who are capable”.
      I would say, ‘Yes’.
      I would say, ‘No’.
      Each would have to be qualified with the name of the country.

      • 3
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        Nathan,
        The popular are rarely capable, and the capable are rarely popular. But there are others who are neither capable nor popular…..

        • 0
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          OC
          There are those who became popular by demonstrating their capability.
          Some fail because of over expectation.

    • 2
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      OC
      “One does not keep repeating an experiment expecting a different result each time.”
      There are certain experiments in which we get different results each time, but none as desired.
      One of them is election of a government by a misinformed electorate.

      • 0
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        SJ,
        “misinformed electorate.”
        I suppose you have noticed the current media circus over deaths caused by “inferior ” drugs.
        So very similar to the Dr.Shafie saga and the exploding gas cylinders. The opinion of hysterical relatives always trumps science. People will never learn.

  • 16
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    Accountability and Credibility in Sorry Lanka, you must be joking. Take this for example. There was a tense situation in Lanka Phosphate , where employees tried assaulting an executive in the presence of visiting state minister. Reason 1) Company imported spare parts from China incurring a massive loss 2) Later they found out it was different from existing one ( different serial numbers) 3) Minister wanted to sack the relevant officer, but he in turn told minister, the decision to import was taken by tender board , hence he is not responsible. 4) Supplies officer filed a complaint in police station that he was assaulted. 5) As usual five member team appointed to investigate recent deaths due to imported medications 6) seven member board appointed by Kekheliya to probe issues in health sector ??? Country of commissions and boards. In that case why do we need a f . . . . Minister or Ministry ???? If Kekheliya or his family members get sick, they go abroad.

    • 14
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      ( cont ) Whereas Australia pulled out from hosting 2026 Commonwealth Games citing major cost blow-outs. Victoria State Premier said ” initial estimate of A$ 2 Billion now seems A$ 7 to 8 Billion which is well and truly too much. I have made many difficult decisions in this job, this is NOT one of them. Frankly 7 Billion for a sporting event is well and truly too much. I will not take money out of hospitals and schools to host an event, hence we terminate the contract to host 2026 C.W.Games. “.

      • 8
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        Chiv,
        “Whereas Australia pulled out from hosting…”
        MR would have jumped at the chance to build more stadiums named after himself.

    • 9
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      chiv: That Eppawale Phosphate “Drama” is the latest “Gil Mart” adopted by the Government side politicos, to clean themselves of corruption and plundering the national wealth. In that “Drama”, listen to the dialogue between the State Minister and the Executive involved. It clearly shows how this “Rouge Politician” is taking the law into his hands and says: “Were it not for the presence of the Media, I will shatter your ears” (Madiya Nathan Thoge Kana Palanawa). In another, YouTube show with Suddatha, he justified what he said and said: “What else I could do to these corrupt officers? That is the only way to teach these rogues in office”.

      This is to show all these corruption scandals are done by State Officials, but people blame the politicians. I hope people will understand this “Gil Mart”.

      • 5
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        Douglas, if we go by our Minister, his and most of his colleagues , ear drums would have been ruptured by now. I’m still following unlimited versions coming out of media related to recent death at Peradeniya . T.H. 1) Initial autopsy result reported by hospital admin said Anaphylaxis (very likely) 2) Rogue Kekheliya will very much like to maintain this version because he is alleged to have imported low quality medicines (which may be true in other cases , eye drops) 3) Director of PTH later told “patient may have had rare infection” ??? most unlikely 4 ) Medical associations including doctors/nurses, GMOA, GMOF squarely blame medicine to counter their negligence 5) poor parents keeps telling media vaccine was given, not knowing it’s antibiotics. 6) nurses association blamed scarcity of syringe (5 cc vs 10 cc) . . .cont

        • 4
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          7) according to parents, though she was initially admitted to ICU , soon was transferred to regular ward, where medicine in question was administered after 3 hours. 8) regardless there is no real information on treatment provided in ICU or after in ward where patient developed complications, whether test dose was administered before giving antibiotic, supportive care after crisis to save patient . . . . . . 9) Reportedly other than giving I/V fluids, there was no medical interventions until crisis. 10) Doctor (Prof) in charge of ward said her blood CRP values were high,hence she may have had an infection, where after giving antibiotic patient might have gone into septic shock ???? 11) Treating doctors are free, to give opinion, but this one leaves us with more questions than answers

          • 4
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            Reason I say this, any SHOCK in general is life threatening. Septic shock because of infection takes anywhere from 1 to 3 days before turning critical. The giveaway warning signs of this are hard to miss.For example vitals including pulse, pressure, temperature and breathing is so erratic, the patient will need ICU care to survive. Here we have a patient pretty stable at the time of admission, transferred within hours to regular ward and dies after 3 hours, without any warning signs. Whereas in an anaphylactic shock, patient can develop such reaction, soon after administering a medicine which the person is allergic to, and can die, if neglected. Interestingly while searching for studies co-relating CRP levels and Anaphylaxis,(not so common) I found a case study reported from our own Lanka (2021) in Journal of the post graduate institute of medicine . See DM article ” spotlight on Peradeniya hospital” for more infor.

            • 4
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              OMG, like in most other cases, this one too is getting complicated by the day. There are more questions but no answers. One more death due to allergic reaction to same Ceftriaxone reported
              In this case patient has received medicine UMPTEEN times before without any adversity??? Keeping in mind, through out history, reported anaphylactic deaths due to Ceftriaxone allergy is 0.001 to 0.1 % ( since 1985) Lanka may soon create own history.

              • 4
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                If true I suspect willful TAMPERING of medicines ( probably at central supply chain) or else toxic contamination of not medicine but the base material commonly used to manufacture medicines of different types. In that case, regardless of allergy many who receive may have some adversity. In both cases, medicine have to be pulled out ASAP and chemically analyzed ..

              • 5
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                Chiv,
                This is looking more and more like the usual Sri Lankan media circus, like the Bond Scam, Halal, Dr.Shafie, exploding LPG cylinders……..
                Ķeheliya is an a…ole, but even he couldn’t have caused all this.

                • 1
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                  OC
                  Things would have been very much simpler if the culprit was a Chinese vaccine.
                  The verdict would have been ‘Guilty’ with no further questions, as in the case of the bacteria detected in the fertilizer.

                  • 0
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                    SJ,
                    Yes, but nowadays the critics are careful not to criticize India directly.
                    One has only to think who is losing money through the import of “cheap” drugs.

                • 0
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                  OC, what amazes me most is the lack of response from real doctors who use these medicine in their daily practice. In case of the second death reported from Kegalle T.H, patient is a 52 year old with multiple chronic medical issues admitted with abdominal distension and fever ( bad sign ) RECEIVED Ceftriaxone twice daily for a week (14 DOSES) without any adversity, probably died due to medical complications. The director of KTH says allergy to medicine could have contributed to cause of death ???? In case of otherwise healthy young 21 year old patient, director of PTH says ” may be she had a rare medical illness and died suddenly without warning ??? Does it make any sense to you ?? What more, days have passed and nothing else reported. Usually conclusive chemical analysis (of medicine / body fluids) or postmortem reports are available in 24 to 48 hours.

                  • 0
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                    In the mean time Dr. Asela told two Anesthetic drugs ( NOT antibiotic Ceftriaxone or eye eye drops ), are withdrawn from use. I’m told , in Lanka anesthetic drugs are made available, only to hospitals and not sold outside. GMOF president ( don”t know what F …. stands for ????) tried to confuse public by mentioning allergy to Propofol , which again is an anesthetic agent and has nothing to do with any of the medications discussed here. One doctor said “there is a conspiracy to connect all deaths to drug allergy” ??. Eye drops are commonly used after eye surgeries and Propofol is widely used anesthetic agent for such procedures. How do we know the culprit is Propofol and not the eye drops or botched surgery or negligence of Anesthetist or improper/unsterile after care ??? Each one can lead to same or worse outcome. What is convincing to me is that in Lanka health care professionals and their associations are highly political and work in sync covering each other.

  • 7
    1

    “why the same principle was not used in the case of provincial council elections which have not been held for more than five years. “
    RW is focused on cheating the people with the help of neighbours and international partners that he is fast moving on solving the ethnic problem and economic problem until he become an elected president for another 5 years by next year. The visit to UK, France, Japan, India and China clearly shows a showcase but nothing will come. He will go for a referendam instead of elections.

    • 5
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      That’s called “Doctrine of Idiosyncratic” MP’s ‘inarticulate’, UNLESS ‘ABUSING EACH OTHER’, non-functional but elected by equally INCOMPETANT citizens to represent them, with EQUALLY UNACCOMPLISHED COMPETENCY and knowledge!!!???
      DISASTER!!!???

    • 5
      0

      LIP SERVICE only mode availability Presently – FOOL the ELECTORATE!?

    • 7
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      Who voted Gota and drove the country bankrupt? Who cheated RW of the presidency time and time again? The answer to both these is the dumb voters too stupid to make a wise choice in cahoots with the Rajapkashe family. So now whom do these same bone head idiot voters prefer to vote for. The answer is a joke. So laughable if it were not serious. These nut cases want AKD’s NPP to rule over them. The murderers who kept shooting V.K. in the head until it disintegrated in full view of his children and wife. The murderers who went after UNP party officials and other government employees issuing death threats and carrying them out in the most brutal manner if their threats went unheeded. And you accuse RW of cheating? He is the only thing standing between oblivion and hope. Let the masses rot in hell they do not deserve another vote for a long time until they come to their senses and of not then lets find an alternative form of governance. Democracy does not suit idiots.

  • 5
    1

    The President has scheduled a meeting with MPs from North and East before his trip to India. What is the relevance? Is he doing the correct thing? This segregated meeting before his trip to India would definitely give rise to further escalation of the divide – South and North. Couldn’t that be his “Agenda”? Knowing his past records of these types of cheeky tactics, I would say his plan would be to find an excuse for not implementing any of those amicable settlements and resort to “Divide and Rule”. He is the master game planner of this unprofessional and unethical political culture.

    If Ranil W is really a “Leader ” of “Quality”, he should have held all the deferred elections (Provincial and Local Government) and shown his commitment to Democracy. The worst scenario is his continued show of arrogance in not bowing down to the Judiciary but ridiculing it by not obeying its judgments and getting his henchmen in Parliament to move “Breach of Priveledges” resolutions and “Amendments to Legislations” to re-institute the defunct Local Government Bodies.

    With this “RECORD” of Governance, I am at a loss to comprehend how the Local Leaders of political parties (both in the South and North) and the International Community accept this person as a “LEADER” of “QUALITY” and “RELIABILITY”?

  • 2
    1

    Of course , we can observe a very good consistency in Racism . Both the Blues
    and the Greens alternately maintained racism for 75 years . What a pristine
    consistency ! Are we not world class racists today ? We did not become a
    Singapore but surely we have achieved A grade on racism ! Consistency ! We
    also have a very good record of running after the IMF 17 times . What an
    achievement in speeding up recovery to again seek another bail out in a decade !

  • 2
    0

    Pardon my ignorance, if the provincial council elections are not held, will the current bunch step down when their period is over or will they continue indefinitely until elections are held someday, if, at all? I can only guess where the provincial councils fit in the chain of command but with a bloated cabinet of Ministers, Deputy Ministers, Subject Ministers, MPs, along with District Governors, Municipality Councils & ‘grama niladhari’ offices, do we need provincial councils as well? OK, we have no funds to hold provincial council election, therefore, if the provincial councils are abolished, obviously a big chunk of govt. spending can be saved at a time when when desperate citizens are being subjected to all forms of taxation, including stealth taxes. As far as I am aware, provincial councillors are yobs & thugs grooming for the next step as MPs. Do the public get their money’s worth from them?

    Anyway, having no funds maybe a good excuse not to hold general & the Presidential elections too. The current bunch will have a guaranteed job for life.

  • 5
    0

    That’s called “Doctrine of Idiosyncratic” MP’s ‘inarticulate’, UNLESS ‘ABUSING EACH OTHER’, non-functional but elected by equally INCOMPETANT citizens to represent them, with EQUALLY UNACCOMPLISHED COMPETENCY and knowledge!!!???
    DISASTER!!!???

  • 3
    1

    “Speeding Up Recovery Requires Consistency”


    Ranil has been nothing but consistent in his modus oprendaii! …… Where has he been non-consistent?

    Some believe it’ll be “Speeding Up Recovery.” …… I know where Lanka is heading: all one has to do is open one’s damn eyes and look!

    In the land of the blind, Ranil and his bullshit is king.

    I’m bored out of my wits: just trying to poke Native in the eye ….. to check if he is awake.

  • 2
    3

    Only a conscientious updated modern democratic plan will enable the wheels to turn in our Motherland. Too much are our people bogged down by old fashioned cultural and religious concepts – Karma, Divine Retribution or Blessings, Class, Caste vs. Class, British Colonial culture still being celebrated in the private school systems (with government schools pitifully trying to keep up) vs. the true and realistic University system. It’s a natural part of the psyche of our people; the power that holds the political scene. Our country is that stupid. Alas!

  • 0
    0

    “The lack of accountability shown in the targeting of pension funds to solve the government’s debt restructuring is a tragedy, the consequences of which are yet hidden, for which there needs to be accountability. “ Ha Ha Ha, is this the face of Jehan PhD or it his backside we are seeing here?
    It is not cunning – deceiving technology, duplicity, double talk, consistent lie and stubborn destruction of common & private property, corruption are properties the country needs; honesty, truth, dedication, compassion to voters, law & order, Western Styled – civilized economical thinking, secular religious practices are some cultural reforms our Wildlife Sanctuary needs urgently.

  • 0
    0

    I honestly do not see how this Kullukum Paadi Kanchikkum Paadi essay establishes the need for consistency to the recovery. The writers who were crying that Anarchy was cockcrowing when the protesters were trying to implement a systemic change, now showing the Kotte to Modayas they did in 1610 to Portuguese. Nobody wants to believe Jehan PhD’s distractive lectures to understand how Evil is preventing the Elier Kleptocracy governments, including all (UNP-SLFP) from facing justice. Here the gimmick starts with the use of the word “recovery.” My understanding of the sense of Evil Emperor and Slap Party heads’ is that they contended that they have recovered from the unexpected tilt. They preach that the tilt was because of Covid -19, nothing surprising about that bogus explanation because the entire world felt that jolt. But here, in CT, long before the Covid-19, but from the Meethotamulla Garbage Mountain slide happened in Yahapalanaya time, we have been pointing out that the country so weakened by mismanagement and robberies so if the rain falls two days consecutively, people and the government were at peril. Throughout The Yahapalanaya time, while Jehan PhD supporting Appe Aanduwa calling Lord Naseby to knock out UNHRC resolutions, non-stop, all international credit rating institutions were downgrading the Yahapalanaya government, relentlessly.

  • 1
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    Evil Management believes that they are gearing ahead with new developments, passing the stage recovery. Last week Evil complained to the ministers that they were not conveying his campaign message on this to people, so he alone was explaining the recovery achieved by his government. But, the poverty level, inflation, shortage of many items essential as well as luxury are higher than it was during the saga of Hunu ship return. Then, now, which recovery our Jehan PhD is talking about? Is he not working to the Appe Aanduwa by campaigning the recovery that has already achieved as per Evil? Is this the consistency Jehan PhD is advocating? Well, everybody knows Jehan PhD’s Einstein- Newton inventions he makes with the EU donation money. All what happened in this short time the magic recovery is anything done with Indian Money $4b, (note this unconditional money is $4B is higher than the $2.9B, the loan Evil negotiated from IMF’s MD Kristalina Georgieva by sacrificing hard earned poor class Langkang, private workers EPF) which they gave to Hitler King – not to Evil Emperor.

  • 0
    0

    So Evil, when he was in London, this time, instead of teaching the history of colonial masters to Oxford youths, he freely launched his attack on our Pariah Demulo, Dr. Jaishankar, the Indian FAM as “after the country had barred external loans, declared bankruptcy, and stopped all loan servicing, India forced the unwanted loan on Langkang.” In Tamil they say “Venda Pendadi Kai Padda Kutram, Kaal Padda Kutram.” (It can be hand or leg of my unwanted wife falling them on me is an inexcusable crime.) Unfortunately, while PM Modi was reading from a classical ethical literature Thiru Kural and explaining the meaning in his political meeting, but the Indian FAM, our brother Dr. Jaishankar, the Para Demulo, who, because of lacking the knowledge of that wise saying in Tamil, has no understanding of what the Sinhala Buddhist extremist government in Colombo is expecting from him. Evil never wants to accept a Tamil man’s shuttling between Delhi and Colombo was the reason the short living relief took place. For Evil’s part, he shut down the imports. Shutting is against the will of local people, external traders with Langkang, IMF, India and China and the other lenders. Then, how can the consistency of telling the same 9 lies to the local Modayas, consecutively, improve the economic recovery of the country? This is really confusing me.

  • 0
    0

    Recently World Bank Country director Faris Hadad Zervos gave two or three fine lectures in Colombo. Langkang heads are playing political chicanery with the SOE banks restructuring. IMF & WB are asking to restructure the SOE banks or privatize them so the financial structure of them (as per Faris Hadad Zervos – the macro-Finance of the country) would withstand for repeated shocks instead of failing within a matter of hours like earlier, right after the China demanded a $8M payment for Hunu ship return. Then China blacklisted the People Bank for not paying for the demand. That is, it. No SOE banks were able to open any LC for any of their clients on any outside banks, until India released its $4B. But the Langkang heads and NGO like NPC worked hard to rob the poor EFP beneficiaries and have preserved the SOE banks as they are. Does this have anything to do with the political chicanery or consistency in actions of leaders?

  • 0
    0

    This is why Faris Hadad Zervos advised the rulers to be honest, and keep the citizens informed of the situation. Let us be true, recovery is possible only when the inflow of FDI comes in. That is possible only if the international industrialists are convinced that an investable situation exists in Ceylon and if they take their money to that country, it is not just safe there, but will multiply too.
    But when the foreign industries start to earn money, if the Jealousy Sinhala Buddhist Wild Animals start to behave the way they did with British tea companies or other companies and what they did to Tamils business in south (Shouting Parai Demulos’ Dosa Vada Appida Eppa and set up fire for all Tamils businesses in the South), the foreign investors cannot take those jokes. America and India may like to be entertained by the Evil Emperor political chicanery thinking that they are rescuing Langkang from China, but the Western – Indian – Japanese – Korean companies will not put any penny on the Island until their governments do something for them to put some confidence in the Island government. IMF MD can shout at any stentorian voice that she is developing the Evil Empire, but American businesses will not come to Langkang the way they are going to India or specifically Tamils name, Bombay, or Gujarat.

  • 0
    0

    For the first time ever, an election was postponed outside of the legal framework and on the justification that the government treasury had no money to hold those elections. That is not true. When Evil resigned his government one year earlier asking Hitler to take over the parliament too, but he did not conduct election, but put the blame on Covid-19, just the way Evil putting the blame on the country’s bankrupted economy. Same game Sri Ma O played by extending her legal time. Junius did it in two or three different angles. When CBK conducted the election to extent her position to second term, Buffoon De Silva cut its short by one year, that is total was only 11 years, not 12-full two terms. 18 Amendment and 19th amendment too were illegally-unconstitutionally manipulating the constitution for the chair warmers to have their terms extended. No Sinhala Buddhist was ever sitting on the chair and observing constitutional regulation without maneuvering Gilmart to manipulate the constitution and keeping them in power forever.

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