Features
SRI LANKA AT CROSS-ROADS AND THE NEW DEVELOPMENT PARADIGM
by Dr. Dayanath Jayasuriya
President’s Counsel
Compared with most other erstwhile British colonies, independence was granted to Ceylon virtually on a silver platter. This statement is not meant to undermine the efforts of our own freedom fighters who without bloodshed managed to convince the colonial ruler that the country was gradually getting ready for independence. The Donoughmore system of government was a precursor to the decision for self-rule. When the first independence constitution was drafted, with the able assistance of Sir Ivor Jennings, there were simmering issues that the draftsmen took into consideration. Rights of minorities and stateless persons, religion, language of instruction, parity of status and land rights were among the many issues which multi-ethnic, multi-religious and multi-lingual issues that typically encounter when power is to be transferred from a colonial ruler to a self-elected body of representatives. The British approach varied from country to country; in India, for instance, the issue of the division of India and East and West Pakistan was left to be resolved after independence was granted.
In 1972, the first constitution was replaced with the country becoming a Republic and changing the name from Ceylon to Sri Lanka. Prior to the enactment of the Constitution, which followed an ad hoc method of working through a Constituent Assembly, the right of appeal to the Judicial Committee of the Privy Council was abolished. Her Majesty the Queen ceased to appoint her representative as Governor. During the period 1971 to 1977 the country witnessed many issues; an insurrection by a large number of youth was quelled within a short-time by then then Prime Minister Sirima Bandaranaike and the rise in global petroleum prices had a severe impact on the country. Import restrictions, ceiling on ownership of houses and land, nationalization of foreign industries etc. took place but with mixed results.
In 1977 a new Constitution was enacted. The Executive President, J. R. Jayewardene, led the initiative to liberalize the economy. With free trade and various expensive developmental projects, corruption began to erode the system slowly but surely. Even though the early signs of Sri Lanka becoming a transit centre for international drug smuggling, arms smuggling, illegal gambling, casino and sex establishments became evident but these were largely ignored by law enforcement agencies. This Constitution still remains in place, notwithstanding a record of 19 amendments. The 19th amendment was meant to curb the powers of the Executive President and to empower the Prime Minister. But on two occasions a President and a Prime Minister belonging to two different political parties led to disastrous results.
At the Presidential elections of 2019 and at the general elections of 2020, a major issue was the amendment or repeal of the 19th amendment and/or the adoption of a new constitution. The Government has opted to amend the 19th amendment through a 20th amendment as the first step.
The case for a strong Executive President is based on the assumption that the country can make rapid development under such a regime. In several speeches broadcast over the media the current President has requested that he be provided with the freedom to accomplish his developmental agenda without undue hindrance. Over the 72 years since independence the country has made only marginal gains in relation to many widely accepted socio-economic and related indicators. In the early 60s, the Sri Lankan model of development was studied by countries like Singapore and Malaysia but today Sri Lanka lags behind these and most other developing countries. Gains in the health and education spheres have had a major set back, caused partly by the 30-year long separatist war which exacted a heavy toll. Issues of internationally orchestrated calls for accountability for war crimes, justice for displaced minority groups, the rise in Islamic militancy as was evident by the brutal attack on churches and hotels in April 2019, the large numbers unemployed or underemployed due to COVID-19 are among a few of the major issues that loom large.
It is in this background that the Government is poised to push ahead with a new constitutional amendment. Only time will tell whether this was timely or not, as the country has had a major setback due to COVID-19 and the closure of the airports and the economy is barely recovering. The economy also took a major beating a few years ago when an expatriate Singaporean friend of the then Prime Minister possibly caused what is now regarded as the biggest Central Bank robbery.
This article looks at the enabling environment required for selected priority national development to gain speed under the enhanced powers of an executive President.
a) People-centred Development
The exact size of the wealthy class cannot be estimated. Operations against drug traffickers with large quantities of drugs, arms and currency notes and multiple bank accounts raise credibility issues with regard to our banking system and customs controls. The Financial Intelligence Unit has remained silent as to how banks would have done a genuinely serious job with regard to due diligence and ‘Know your Customer’ requirements; otherwise one cannot explain the large deposits in accounts of people who cannot possibly provide any legitimate sources of income. Political patronage and corrupt officials within the law enforcement agencies would have provided their blessings for crimes of such great magnitude to take place. Over the decades the poor classes have become poorer and a new class (nouveau riche) has emerged vying with the traditionally rich upper class. Large numbers have gone to the Middle-East for employment and have been remitting part of their relatively modest salary but this alone has not been sufficient to raise their standard of living.
Unlike India, Sri Lanka lacked a permanent National Planning Council. Several governments did set up small national planning cells but without any real impact. A national poverty alleviation plan requires precise information of unmet needs at the micro-level of villages and in the fringes of urban centres. Media coverage often shows how the impoverished classes live. Basic facilities such as safe drinking water are lacking in many parts of the country. Empirical evidence suggests that well nourished children live healthier lives and perform better at examinations but large numbers find it difficult to have even a square meal.
We have recently seen the current President visiting selected villages and ascertaining problems and immediately suggesting to officers a solution. This is reminiscent of late President Premadasa’s taking the “Kachcheri to the villages and towns” concept where a one-stop improvised centre promptly attended to unmet needs, particularly documentation such as national identity cards, birth certificates etc. This is what should be done by Provincial Councils and other local authorities and respective ministers. It is to be hoped that the example that is now being set will trickle down to ministers, state ministers and heads of departments. For each village or cluster of villages there should be a mapping exercise done of unmet needs and the resources required for timely action. Bottle-necks should be identified and brought to the notice of the relevant authorities who should not hesitate to give directions for prompt action. Accountability mechanisms are grossly lacking or even if they do exist they are largely ineffective. ‘Passing the buck’ is a skill many public servants have effectively mastered.
The State alone cannot uplift the status or influence the life-styles of millions living in under-served villages and towns. The private sector should be assigned the responsibility of assisting selected villages for developmental activities as part of the CSR agenda or otherwise. This might result in a new paradigm shift in poverty alleviation through public sector-private sector joint endeavors. We have witnessed foundation stones being laid for so many important projects such as new hospitals and medical centres, schools etc. but follow-up action is often lacking due to bureaucratic indifference or lack of funds.
Bureaucratic indifference or sabotage is not a problem confined only to small developing nations. It is significant that a few weeks ago the Presidents of the US National Academy of Sciences and the National Academy of Medicine issued a strongly worded message condemning ad hoc policy-making in relation to US health policy:
“As advisers to the nation on all matters of science, medicine, and public health, we are compelled to underscore the value of science-based decision-making at all levels of government. Our nation is at a critical time in the course of the COVID-19 pandemic with important decisions ahead of us, especially concerning the efficacy and safety of vaccines. Policymaking must be informed by the best available evidence without it being distorted, concealed, or otherwise deliberately miscommunicated. We find ongoing reports and incidents of the politicization of science, particularly the overriding of evidence and advice from public health officials and derision of government scientists, to be alarming. It undermines the credibility of public health agencies and the public’s confidence in them when we need it most. Ending the pandemic will require decision-making that is not only based on science but also sufficiently transparent to ensure public trust in, and adherence to, sound public-health instructions. Any efforts to discredit the best science and scientists threaten the health and welfare of us all.”
An Executive President should be able to periodically monitor what happens in the field by getting regular feedback from responsible ministers, state ministers, departmental heads and so on and play the role of a trouble-shooter when necessary without fear or favour.
b) Good Governance, Law and Order
When the first post-independent constitution was being drafted Sir Ivor Jennings was against the idea of providing for the justiciability of human rights stating that this would hinder administration and will become a gold-mine for lawyers. The 1977 Constitution empowered citizens to invoke the jurisdiction of the Supreme Court if their fundamental rights are violated. Though an important development per se, it comes at a cost
Reluctance by some heads of department to institute disciplinary action is impeded by several reasons, two such reasons being the possibility of the action being challenged in a court of law or due to the interference by a Minister or other powerful politician. The tradition of appointing commissions or committees to look into each and every major problem issue is a costly and often meaningless exercise. After a period of time public and media attention is diverted to new public issues.
There needs to be a robust system of accountability at every level for any issue that is subjected to investigation. On certain important national matters, the Cabinet itself or the Minister in charge of the relevant ministry, department or agency, as the case may be, must be accountable for ensuring that due process is followed and consult the Executive President where his or her guidance is required.
In matters of international relations, the country has to delicately balance competing vested interests and demands and speak with one voice. The country has to be sensitive to international commitments offered in the past. Rating agencies have given a low rating which is a red flag to possible foreign investors.
Recent media reports on the smuggling of drugs, liquor, arms, cigarettes and other contraband suggest the degree to which law and order had deteriorated within many law enforcement agencies and how certain officials have facilitated or participated in these illegal activities. The April 2019 bomb blasts could have been possibly avoided if relevant officials had done what they ought to have done with regard to such a serious matter and the officials monitoring national security had acted more sensibly in a timely fashion.
A major task ahead of an Executive President is to take stock of institutional strengths and weaknesses, identity bottlenecks and improve governance systems leaving little or no room for deviations from accepted procedures. It is when those at the top are indifferent or lack moral courage to take on problems as and when they arise, that the rot begins to percolate down the entire system and a sense of complacency arises. A proper system of checks and balances will ensure better productivity, efficiency and a better outcome. Nepotism, bribery or corruption and undue interference will gradually phase-out when a better and just governance system is in place.
Lord Acton once remarked that “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” Sri Lanka now has a chance to prove that even with almost absolute power there can be great and good men. As I conclude this article I hear someone playing one of Elvis Presley’s classics: “It’s now or never,… tomorrow will be too late.”
[The author is the former Chairman of the Securities and Exchange Commission of Sri Lanka. He has previously served as UNDP Regional Adviser on HIV and Development and Community Development Adviser for Asia and the Pacific and as Head, UNAIDS Secretariat and Senior Policy Adviser to the Government of Pakistan. He could be contacted at (ichpl@hotmail.com)]
Dr Dayanath Jayasuriya
Tel. 0777 384047
Features
The heart-friendly health minister
by Dr Gotabhya Ranasinghe
Senior Consultant Cardiologist
National Hospital Sri Lanka
When we sought a meeting with Hon Dr. Ramesh Pathirana, Minister of Health, he graciously cleared his busy schedule to accommodate us. Renowned for his attentive listening and deep understanding, Minister Pathirana is dedicated to advancing the health sector. His openness and transparency exemplify the qualities of an exemplary politician and minister.
Dr. Palitha Mahipala, the current Health Secretary, demonstrates both commendable enthusiasm and unwavering support. This combination of attributes makes him a highly compatible colleague for the esteemed Minister of Health.
Our discussion centered on a project that has been in the works for the past 30 years, one that no other minister had managed to advance.
Minister Pathirana, however, recognized the project’s significance and its potential to revolutionize care for heart patients.
The project involves the construction of a state-of-the-art facility at the premises of the National Hospital Colombo. The project’s location within the premises of the National Hospital underscores its importance and relevance to the healthcare infrastructure of the nation.
This facility will include a cardiology building and a tertiary care center, equipped with the latest technology to handle and treat all types of heart-related conditions and surgeries.
Securing funding was a major milestone for this initiative. Minister Pathirana successfully obtained approval for a $40 billion loan from the Asian Development Bank. With the funding in place, the foundation stone is scheduled to be laid in September this year, and construction will begin in January 2025.
This project guarantees a consistent and uninterrupted supply of stents and related medications for heart patients. As a result, patients will have timely access to essential medical supplies during their treatment and recovery. By securing these critical resources, the project aims to enhance patient outcomes, minimize treatment delays, and maintain the highest standards of cardiac care.
Upon its fruition, this monumental building will serve as a beacon of hope and healing, symbolizing the unwavering dedication to improving patient outcomes and fostering a healthier society.We anticipate a future marked by significant progress and positive outcomes in Sri Lanka’s cardiovascular treatment landscape within the foreseeable timeframe.
Features
A LOVING TRIBUTE TO JESUIT FR. ALOYSIUS PIERIS ON HIS 90th BIRTHDAY
by Fr. Emmanuel Fernando, OMI
Jesuit Fr. Aloysius Pieris (affectionately called Fr. Aloy) celebrated his 90th birthday on April 9, 2024 and I, as the editor of our Oblate Journal, THE MISSIONARY OBLATE had gone to press by that time. Immediately I decided to publish an article, appreciating the untiring selfless services he continues to offer for inter-Faith dialogue, the renewal of the Catholic Church, his concern for the poor and the suffering Sri Lankan masses and to me, the present writer.
It was in 1988, when I was appointed Director of the Oblate Scholastics at Ampitiya by the then Oblate Provincial Fr. Anselm Silva, that I came to know Fr. Aloy more closely. Knowing well his expertise in matters spiritual, theological, Indological and pastoral, and with the collaborative spirit of my companion-formators, our Oblate Scholastics were sent to Tulana, the Research and Encounter Centre, Kelaniya, of which he is the Founder-Director, for ‘exposure-programmes’ on matters spiritual, biblical, theological and pastoral. Some of these dimensions according to my view and that of my companion-formators, were not available at the National Seminary, Ampitiya.
Ever since that time, our Oblate formators/ accompaniers at the Oblate Scholasticate, Ampitiya , have continued to send our Oblate Scholastics to Tulana Centre for deepening their insights and convictions regarding matters needed to serve the people in today’s context. Fr. Aloy also had tried very enthusiastically with the Oblate team headed by Frs. Oswald Firth and Clement Waidyasekara to begin a Theologate, directed by the Religious Congregations in Sri Lanka, for the contextual formation/ accompaniment of their members. It should very well be a desired goal of the Leaders / Provincials of the Religious Congregations.
Besides being a formator/accompanier at the Oblate Scholasticate, I was entrusted also with the task of editing and publishing our Oblate journal, ‘The Missionary Oblate’. To maintain the quality of the journal I continue to depend on Fr. Aloy for his thought-provoking and stimulating articles on Biblical Spirituality, Biblical Theology and Ecclesiology. I am very grateful to him for his generous assistance. Of late, his writings on renewal of the Church, initiated by Pope St. John XX111 and continued by Pope Francis through the Synodal path, published in our Oblate journal, enable our readers to focus their attention also on the needed renewal in the Catholic Church in Sri Lanka. Fr. Aloy appreciated very much the Synodal path adopted by the Jesuit Pope Francis for the renewal of the Church, rooted very much on prayerful discernment. In my Religious and presbyteral life, Fr.Aloy continues to be my spiritual animator / guide and ongoing formator / acccompanier.
Fr. Aloysius Pieris, BA Hons (Lond), LPh (SHC, India), STL (PFT, Naples), PhD (SLU/VC), ThD (Tilburg), D.Ltt (KU), has been one of the eminent Asian theologians well recognized internationally and one who has lectured and held visiting chairs in many universities both in the West and in the East. Many members of Religious Congregations from Asian countries have benefited from his lectures and guidance in the East Asian Pastoral Institute (EAPI) in Manila, Philippines. He had been a Theologian consulted by the Federation of Asian Bishops’ Conferences for many years. During his professorship at the Gregorian University in Rome, he was called to be a member of a special group of advisers on other religions consulted by Pope Paul VI.
Fr. Aloy is the author of more than 30 books and well over 500 Research Papers. Some of his books and articles have been translated and published in several countries. Among those books, one can find the following: 1) The Genesis of an Asian Theology of Liberation (An Autobiographical Excursus on the Art of Theologising in Asia, 2) An Asian Theology of Liberation, 3) Providential Timeliness of Vatican 11 (a long-overdue halt to a scandalous millennium, 4) Give Vatican 11 a chance, 5) Leadership in the Church, 6) Relishing our faith in working for justice (Themes for study and discussion), 7) A Message meant mainly, not exclusively for Jesuits (Background information necessary for helping Francis renew the Church), 8) Lent in Lanka (Reflections and Resolutions, 9) Love meets wisdom (A Christian Experience of Buddhism, 10) Fire and Water 11) God’s Reign for God’s poor, 12) Our Unhiddden Agenda (How we Jesuits work, pray and form our men). He is also the Editor of two journals, Vagdevi, Journal of Religious Reflection and Dialogue, New Series.
Fr. Aloy has a BA in Pali and Sanskrit from the University of London and a Ph.D in Buddhist Philosophy from the University of Sri Lankan, Vidyodaya Campus. On Nov. 23, 2019, he was awarded the prestigious honorary Doctorate of Literature (D.Litt) by the Chancellor of the University of Kelaniya, the Most Venerable Welamitiyawe Dharmakirthi Sri Kusala Dhamma Thera.
Fr. Aloy continues to be a promoter of Gospel values and virtues. Justice as a constitutive dimension of love and social concern for the downtrodden masses are very much noted in his life and work. He had very much appreciated the commitment of the late Fr. Joseph (Joe) Fernando, the National Director of the Social and Economic Centre (SEDEC) for the poor.
In Sri Lanka, a few religious Congregations – the Good Shepherd Sisters, the Christian Brothers, the Marist Brothers and the Oblates – have invited him to animate their members especially during their Provincial Congresses, Chapters and International Conferences. The mainline Christian Churches also have sought his advice and followed his seminars. I, for one, regret very much, that the Sri Lankan authorities of the Catholic Church –today’s Hierarchy—- have not sought Fr.
Aloy’s expertise for the renewal of the Catholic Church in Sri Lanka and thus have not benefited from the immense store of wisdom and insight that he can offer to our local Church while the Sri Lankan bishops who governed the Catholic church in the immediate aftermath of the Second Vatican Council (Edmund Fernando OMI, Anthony de Saram, Leo Nanayakkara OSB, Frank Marcus Fernando, Paul Perera,) visited him and consulted him on many matters. Among the Tamil Bishops, Bishop Rayappu Joseph was keeping close contact with him and Bishop J. Deogupillai hosted him and his team visiting him after the horrible Black July massacre of Tamils.
Features
A fairy tale, success or debacle
Sri Lanka-Singapore Free Trade Agreement
By Gomi Senadhira
senadhiragomi@gmail.com
“You might tell fairy tales, but the progress of a country cannot be achieved through such narratives. A country cannot be developed by making false promises. The country moved backward because of the electoral promises made by political parties throughout time. We have witnessed that the ultimate result of this is the country becoming bankrupt. Unfortunately, many segments of the population have not come to realize this yet.” – President Ranil Wickremesinghe, 2024 Budget speech
Any Sri Lankan would agree with the above words of President Wickremesinghe on the false promises our politicians and officials make and the fairy tales they narrate which bankrupted this country. So, to understand this, let’s look at one such fairy tale with lots of false promises; Ranil Wickremesinghe’s greatest achievement in the area of international trade and investment promotion during the Yahapalana period, Sri Lanka-Singapore Free Trade Agreement (SLSFTA).
It is appropriate and timely to do it now as Finance Minister Wickremesinghe has just presented to parliament a bill on the National Policy on Economic Transformation which includes the establishment of an Office for International Trade and the Sri Lanka Institute of Economics and International Trade.
Was SLSFTA a “Cleverly negotiated Free Trade Agreement” as stated by the (former) Minister of Development Strategies and International Trade Malik Samarawickrama during the Parliamentary Debate on the SLSFTA in July 2018, or a colossal blunder covered up with lies, false promises, and fairy tales? After SLSFTA was signed there were a number of fairy tales published on this agreement by the Ministry of Development Strategies and International, Institute of Policy Studies, and others.
However, for this article, I would like to limit my comments to the speech by Minister Samarawickrama during the Parliamentary Debate, and the two most important areas in the agreement which were covered up with lies, fairy tales, and false promises, namely: revenue loss for Sri Lanka and Investment from Singapore. On the other important area, “Waste products dumping” I do not want to comment here as I have written extensively on the issue.
1. The revenue loss
During the Parliamentary Debate in July 2018, Minister Samarawickrama stated “…. let me reiterate that this FTA with Singapore has been very cleverly negotiated by us…. The liberalisation programme under this FTA has been carefully designed to have the least impact on domestic industry and revenue collection. We have included all revenue sensitive items in the negative list of items which will not be subject to removal of tariff. Therefore, 97.8% revenue from Customs duty is protected. Our tariff liberalisation will take place over a period of 12-15 years! In fact, the revenue earned through tariffs on goods imported from Singapore last year was Rs. 35 billion.
The revenue loss for over the next 15 years due to the FTA is only Rs. 733 million– which when annualised, on average, is just Rs. 51 million. That is just 0.14% per year! So anyone who claims the Singapore FTA causes revenue loss to the Government cannot do basic arithmetic! Mr. Speaker, in conclusion, I call on my fellow members of this House – don’t mislead the public with baseless criticism that is not grounded in facts. Don’t look at petty politics and use these issues for your own political survival.”
I was surprised to read the minister’s speech because an article published in January 2018 in “The Straits Times“, based on information released by the Singaporean Negotiators stated, “…. With the FTA, tariff savings for Singapore exports are estimated to hit $10 million annually“.
As the annual tariff savings (that is the revenue loss for Sri Lanka) calculated by the Singaporean Negotiators, Singaporean $ 10 million (Sri Lankan rupees 1,200 million in 2018) was way above the rupees’ 733 million revenue loss for 15 years estimated by the Sri Lankan negotiators, it was clear to any observer that one of the parties to the agreement had not done the basic arithmetic!
Six years later, according to a report published by “The Morning” newspaper, speaking at the Committee on Public Finance (COPF) on 7th May 2024, Mr Samarawickrama’s chief trade negotiator K.J. Weerasinghehad had admitted “…. that forecasted revenue loss for the Government of Sri Lanka through the Singapore FTA is Rs. 450 million in 2023 and Rs. 1.3 billion in 2024.”
If these numbers are correct, as tariff liberalisation under the SLSFTA has just started, we will pass Rs 2 billion very soon. Then, the question is how Sri Lanka’s trade negotiators made such a colossal blunder. Didn’t they do their basic arithmetic? If they didn’t know how to do basic arithmetic they should have at least done their basic readings. For example, the headline of the article published in The Straits Times in January 2018 was “Singapore, Sri Lanka sign FTA, annual savings of $10m expected”.
Anyway, as Sri Lanka’s chief negotiator reiterated at the COPF meeting that “…. since 99% of the tariffs in Singapore have zero rates of duty, Sri Lanka has agreed on 80% tariff liberalisation over a period of 15 years while expecting Singapore investments to address the imbalance in trade,” let’s turn towards investment.
Investment from Singapore
In July 2018, speaking during the Parliamentary Debate on the FTA this is what Minister Malik Samarawickrama stated on investment from Singapore, “Already, thanks to this FTA, in just the past two-and-a-half months since the agreement came into effect we have received a proposal from Singapore for investment amounting to $ 14.8 billion in an oil refinery for export of petroleum products. In addition, we have proposals for a steel manufacturing plant for exports ($ 1 billion investment), flour milling plant ($ 50 million), sugar refinery ($ 200 million). This adds up to more than $ 16.05 billion in the pipeline on these projects alone.
And all of these projects will create thousands of more jobs for our people. In principle approval has already been granted by the BOI and the investors are awaiting the release of land the environmental approvals to commence the project.
I request the Opposition and those with vested interests to change their narrow-minded thinking and join us to develop our country. We must always look at what is best for the whole community, not just the few who may oppose. We owe it to our people to courageously take decisions that will change their lives for the better.”
According to the media report I quoted earlier, speaking at the Committee on Public Finance (COPF) Chief Negotiator Weerasinghe has admitted that Sri Lanka was not happy with overall Singapore investments that have come in the past few years in return for the trade liberalisation under the Singapore-Sri Lanka Free Trade Agreement. He has added that between 2021 and 2023 the total investment from Singapore had been around $162 million!
What happened to those projects worth $16 billion negotiated, thanks to the SLSFTA, in just the two-and-a-half months after the agreement came into effect and approved by the BOI? I do not know about the steel manufacturing plant for exports ($ 1 billion investment), flour milling plant ($ 50 million) and sugar refinery ($ 200 million).
However, story of the multibillion-dollar investment in the Petroleum Refinery unfolded in a manner that would qualify it as the best fairy tale with false promises presented by our politicians and the officials, prior to 2019 elections.
Though many Sri Lankans got to know, through the media which repeatedly highlighted a plethora of issues surrounding the project and the questionable credentials of the Singaporean investor, the construction work on the Mirrijiwela Oil Refinery along with the cement factory began on the24th of March 2019 with a bang and Minister Ranil Wickremesinghe and his ministers along with the foreign and local dignitaries laid the foundation stones.
That was few months before the 2019 Presidential elections. Inaugurating the construction work Prime Minister Ranil Wickremesinghe said the projects will create thousands of job opportunities in the area and surrounding districts.
The oil refinery, which was to be built over 200 acres of land, with the capacity to refine 200,000 barrels of crude oil per day, was to generate US$7 billion of exports and create 1,500 direct and 3,000 indirect jobs. The construction of the refinery was to be completed in 44 months. Four years later, in August 2023 the Cabinet of Ministers approved the proposal presented by President Ranil Wickremesinghe to cancel the agreement with the investors of the refinery as the project has not been implemented! Can they explain to the country how much money was wasted to produce that fairy tale?
It is obvious that the President, ministers, and officials had made huge blunders and had deliberately misled the public and the parliament on the revenue loss and potential investment from SLSFTA with fairy tales and false promises.
As the president himself said, a country cannot be developed by making false promises or with fairy tales and these false promises and fairy tales had bankrupted the country. “Unfortunately, many segments of the population have not come to realize this yet”.
(The writer, a specialist and an activist on trade and development issues . )


