Paris Club to give Sri Lanka financing assurances amid IMF debt talks

The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.

The informal group of bilateral lenders is set to “soon” announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private.

The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the IMF last September.

But it needs financing assurances from key bilateral lenders before the fund’s executive board approves the programme.

Sri Lanka’s public debt stood at 122% of GDP, of which 70% is denominated in foreign currency, according to data in a country presentation to investors in November.

China and India, both non-Paris Club members, are the top bilateral lenders. “Paris Club assurance is not reliant on China,” said the source.

Another source said the informal group is currently reaching out to other non-Paris Club besides China on financing assurances, but did not provide any further details.

India previously committed to help ease the debt burden of neighbour Sri Lanka as part of the IMF programme, and China’s Eximbank offered a two-year moratorium in a letter sent to the island nation in January.

While the IMF has not yet provided any guidance on where the lender stands regarding China’s assurances to Sri Lanka, a U.S. official visiting Colombo said on Wednesday that Beijing has not done enough.

“What China has offered so far is not enough. We need to see credible and specific assurances that they will meet the IMF standard of debt relief,” U.S. Under Secretary of State for Political Affairs Victoria Nuland told reporters. The U.S. is the largest IMF member.

Source:Reuters

Mahanayake Theras urge President not to implement 13A

The Chief Prelates of the Three Chapters have accused President Ranil Wickremesinghe of confusing the country following his statement on the implementation of the 13th Amendment.

In a letter addressed to the Head of State today (02 Feb.), the religious leaders deemed the 13th Amendment as a piece of legislation that gives rise to serious concerns pertaining to the country’s national security, territorial integrity and its independence.

They further noted that by implementing the 13th Amendment, police and land powers too, will be devolved to Provincial Councils, and thus asserted that the Amendment should not be enforced at all.

Last month, President Wickremesinghe expressed the Cabinet’s willingness pertaining to the full implementation of the 13th Amendment.

Accordingly, he stated that the 13th Amendment will be implemented, in full, unless it is decided by the Party Leaders as to whether or not the Amendment should be abolished.

Attached below is the relevant letter received by Wickremesinghe from the Chief Prelates;

NPP for implementation of 13A, says Harini

The JVP-led NPP says that the 13th Amendment to the Constitution should be implemented fully as it has already been presented as a solution to the national question.

NPP MP Dr. Harini Amarasuriya, told The Island yesterday that however, there was a debate within her party whether the full implementation of the 13th Amendment would help solve the national problem.

She said that her party had no faith in the promises, and initiatives by President Ranil Wickremesinghe as regards the implementation of the 13th Amendment. “Why is he talking about the full implementation of the 13th Amendment at this juncture? He had ample time and opportunities. Therefore, we believe that his promises are only empty words and he will not take forward the implementation of the amendment,” Dr. Amarasuriya said.

Asked to explain the NPP stand on the full implementation of the 13th Amendment, Dr. Amarasuriya said: “It has been presented as a solution to the national problem. It is already there in the Constitution and we believe that it should be implemented, but we have a debate whether it could be a tenable solution for the national problem. Our standpoint is that a government with genuine intention of addressing the issues of Tamil people must bring about solutions to the national problem, and we have no faith in other parties, but only the NPP could do that.”

Posted in Uncategorized

Assist SL in securing IMF bailout, push for 13A

Leader of Tamil Progressive Party (TPA), MP Mano Ganesan and many other Tamil speaking political party leaders such as Rauff Hakeem, M.A. Sumanthiran, D. Sithadthan, Gajan Ponnambalam and Rishad Bathiudeen, who held talks with visiting US Under Secretary of State Victoria Nuland said they had a unanimous stand that President Ranil Wickremesinghe should demonstrate his credibility by matching his words with deeds and urged the US to assist Sri Lanka to secure the IMF bailout.

MP Ganesan elaborated that this is the President who has the benefit of the announced support of Opposition Leader Sajith Premadasa, Leader of prime ruling party Mahinda Rajapaksa, and the JVP Leader in implementing the 13A.

All Tamil speaking parties agreed that President Wickremesinghe should conduct separate discussions with parties representing North and East Tamils, Hill Country Tamils and Muslims and convene an All Party Conference thereafter, they told the visiting US Under Secretary of State.

He added that regarding addressing the issues, there shall be a step by step road map and US Under Secretary Nuland agreed to take these messages to President Wickremesinghe when discussing the economic crisis, ongoing US assistance to Sri Lankans, USD 240 million in new assistance last year alone, and the many ways both countries are working together toward an inclusive, prosperous and secure future for all Sri Lankans.

On the meeting held with the Tamil politicians, US Ambassador to Sri Lanka Julie Chung tweeted yesterday (1) that they held a positive meeting with parties on how the US can help Sri Lanka out of the economic crisis and to bring real-time reconciliation between communities with a genuine power-sharing agreement.

UK, US urge Sri Lanka to repeal PTA, decriminalize same-sex conduct

The United Kingdom and the United States have urged Sri Lanka to repeal the controversial Prevention of Terrorism Act (PTA) and decriminalize same-sex conduct.

The UK and US representatives made this appeal at the UN Human Rights Council’s Universal Periodic Review (UPR) Working Group when Sri Lanka’s human rights record were examined for the fourth time today (Feb. 01).

Sri Lanka is one of the countries reviewed by the UPR Working Group during its 42nd session in Geneva.

Sri Lanka’s first, second and third UPR reviews took place in May 2008, October 2012 and November 2017, respectively.

The 4th Cycle of the UPR commenced in November 2022 and Sri Lanka’s 4th UPR was taken up for consideration today. Argentina, Benin, Czechia, Gabon, Ghana, Guatemala, Japan, Paksitan, Peru, Republic of Korea, Switzerland and Zambia are among the countries reviewed from January 23 to February 03, under the UPR’s 4th cycle at the ongoing session.

Sri Lanka’s National Report under the 4th Cycle of the UPR was submitted on 22 December 2022 and provides a self-assessment on the steps taken since the last UPR in November 2017, to fulfill our voluntarily undertaken human rights obligations.

The process of preparation of the National Report was undertaken under the guidance of the Ministry of Foreign Affairs. Broad consultations were held with stakeholders from government and non-governmental organizations as well as the Human Rights Commission of Sri Lanka. Sri Lanka’s National Report is available here.

This year’s Review is taking place in a hybrid format. Due to the 75th Anniversary of Independence Day celebrations falling during the same period, Sri Lanka’s delegation to the Review is led by Foreign Affairs Minister Ali Sabry by means of a pre-recorded video statement.

The in-person delegation, led by Sri Lanka’s Permanent Representative to the United Nations in Geneva, Himalee Arunatilaka, comprises senior officials from the Presidential Secretariat, the Attorney-General’s Department, the Ministry of Foreign Affairs, and the Permanent Mission of Sri Lanka to the UN in Geneva.

The UPR was established by the General Assembly of the United Nations (UNGA) in 2006, as a State-driven voluntary peer-review process which provides the opportunity for each State to declare the steps taken at the national level to improve the human rights situation in that State and to fulfill their human rights obligations.

At the UPR, all 193 Member States of the UN are reviewed without any selectivity or discrimination. It is periodic and is repeated every four-and half years. Three sessions are held each year and 14 countries are reviewed in one session. As such, each Member State of the UN is reviewed every 4 years.

All UN member States, including Sri Lanka, have participated in 3 cycles of the UPR namely, in 2008 (first), 2012 (second) and 2017 (third).

Posted in Uncategorized

Catholic Church to boycott Independence Day celebration

Sri Lanka’s Catholic Church has decided to boycott the 75th Independence Day celebrations on the 4th of February.

Speaking at a media briefing in Colombo earlier today (Feb. 01), Rev. Fr. Cyril Gamini took issue with the government’s move to allocate a sum to the tune of Rs. 200 million for the event, slamming it as a “crime against the people” and a “huge waste”.

Cardinal Malcolm Ranjith and the other members of the Catholic Church will not attend the Independence Day celebrations, he added.

The government has made plans to organize a celebration for Independence Day at a time when people are struggling with food insecurity, child malnutrition and job insecurity, Fr. Gamini said further, noting that daily power interruptions, collapse in the rule of law and violation of human rights are adding to the issues faced by them.

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China has not done enough on Sri Lanka debt restructuring – US diplomat

The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday.

Sri Lanka entered into a staff level agreement with the global lender last September but needs financing assurances from key bilateral lenders China and Japan before disbursements can begin.

India, the third significant lender, dispatched its financing assurances to the IMF last month.

“What China has offered so far is not enough. We need to see credible and specific assurances that they will meet the IMF standard of debt relief,” U.S. Under Secretary of State for Political Affairs Victoria Nuland told reporters.

“We, the United States, are prepared to do our part. Our Paris Club partners are prepared to do their part. India has made strong commitments that it will provide the credible assurances the IMF is looking for.”

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure an IMF program.

Sri Lanka, an island of 22 million people, is caught in its worst financial crisis since independence from Britain in 1948, with soaring inflation, a recession and currency depreciation over the last year.

“We want to see an IMF program as quickly as possible. That is what Sri Lanka deserves, that is what Sri Lanka needs,” Nuland added.

Source: Reuters

Posted in Uncategorized

Sri Lanka up for Universal Periodic Review today (1) at UNHRC

Sri Lanka’s National Report under the 4th Cycle of the Universal Periodic Review (UPR) comes up for consideration by the UN Working Group on UPR on Wednesday 1st February 2023 during its 42nd Session in Geneva.

The Universal Periodic Review (UPR) was established by the General Assembly of the United Nations (UNGA) in 2006, as a State-driven voluntary peer-review process which provides the opportunity for each State to declare the steps taken at the national level to improve the human rights situation in that State and to fulfill their human rights obligations.

At the UPR, all 193 Member States of the UN are reviewed without any selectivity or discrimination. It is periodic and is repeated every four-and half years. 3 sessions are held each year and 14 countries are reviewed in one session. As such, each Member State of the UN is reviewed every 4 years.

All UN member States, including Sri Lanka, have participated in 3 cycles of the UPR namely, in 2008 (first), 2012 (second) and 2017 (third).

The 4th Cycle of the UPR commenced in November 2022 and Sri Lanka’s Fourth UPR is scheduled for 01 February 2023 during the 42nd session of the UPR Working Group, in Geneva.

The following countries will also be reviewed under the UPR’s 4th cycle at the 42nd Working Group, during the period 23 January to 3 February 2023: Argentina, Benin, Czechia, Gabon, Ghana, Guatemala, Japan, Pakistan, Peru, Republic of Korea, Switzerland, and Zambia.

Sri Lanka’s National Report under the 4th Cycle of the UPR was submitted on 22 December 2022 and provides a self-assessment on the steps taken since the last UPR in November 2017, to fulfill our voluntarily undertaken human rights obligations. The process of preparation of the National Report was undertaken under the guidance of the Ministry of Foreign Affairs.

Broad consultations were held with stakeholders from government and non-governmental organizations as well as the Human Rights Commission of Sri Lanka. Sri Lanka’s National Report is available at https://www.ohchr.org/en/hr-bodies/upr/lk-index

This year’s Review will take place in a hybrid format. Due to the 75th Anniversary of Independence celebrations falling during the same period, Sri Lanka’s delegation to the Review will be led by Minister of Foreign Affairs Ali Sabry by means of a pre-recorded video statement.

The in-person delegation will be led by Sri Lanka’s Permanent Representative to the United Nations in Geneva Himalee Arunatilaka and comprise senior officials from the Presidential Secretariat, the Attorney-General’s Department, the Ministry of Foreign Affairs, and the Permanent Mission of Sri Lanka to the UN in Geneva.

Posted in Uncategorized

Dalai Lama incident spoils China’s image in Sri Lanka

China’s efforts to gain the space it lost in Sri Lanka to India have hit yet another stumbling block after it vehemently opposed the invitation to Tibetan Buddhist spiritual guru Dalai Lama.

Sri Lanka is a Buddhist-majority country and China’s record of treatment of religious minorities especially Tibetan Buddhists has not been good. China’s image has received a dent among Sri Lankan people after Chinese projects turned inviable and are perceived to be the major reason for the current financial crisis. In such a scenario, China’s intervention in Sri Lanka’s personal matters, specifically sensitive religious issues, can spoil its image among people of Sri Lanka. Many people have vented their anger on social media.

Sri Lanka is crucial for China in terms of growing its influence in the Indian Ocean region and keeping its Asian rival India in check. China made considerable gains when Sri Lanka became a part of its Belt Road Initiative (BRI). However, the same project was seen as the major reason for the ongoing financial crisis in Sri Lanka. Chinese-built Mattala Rajapaksa International Airport has received the tag of the world’s emptiest airport while Sri Lanka lost sovereignty over Hambantota Port for failure in paying loans extended by Beijing. Sri Lankan had earlier protested against their country becoming a “Chinese colony.”[1]

Sri Lanka is going through the worst-ever economic crisis and many have blamed China’s “debt-trap” diplomacy for the situation, though Beijing refused the allegations.Interestingly, top Sri Lankan Buddhist monks had extended an invitation to Dalai Lama as they believed his blessings would help their country overcome the financial mess. “If he goes to Sri Lanka, many thousands of tourists will come to Sri Lanka which will boost the economy because we are in a crisis situation. We will be blessed and the economy will also be boosted,” said Waskaduwa Mahindananda Mahanayaka Thero, one of these monks.[2]

Around six months ago, Dalai Lama too offered prayers for Sri Lanka to fight its economic crisis successfully.[3] He had extended his good wishes to Buddhist monks in Sri Lanka as well. Against this backdrop, China’s threats to Sri Lankan government over the invitation to Dalai Lama have not gone well with Sri Lankans. Chinese Embassy blamed Dalai Lama for not being a “simple monk” but a “separatist.” People in Sri Lanka called China’s interference a violation of their constitution and religious freedom.[4] “Careful when you play with Buddhist sentiments of Sri Lanka. It will backfire,” said Sri Lankan Kapilan Sachchithananthan.[5]

Sri Lankan newspaper Sunday Times slammed China for its “audacity” to tell Sri Lanka what to do. It also took a dig at China saying the Dalai Lama’s visit “resurrects China’s invasion and occupation of the once free mountainous Buddhist Kingdom on the ‘roof of the world’”.[6]Sri Lankan named Ashan Mendis said on Twitter “Great soon the Chinese will dictate our entire foreign policy. So what if the Dalai Lama is a simple monk.”[7]Another Sri Lankan Mohamed Aashsd said “China always destroys other countries, now it is administering to SriLanka. How can China pressure Sri Lanka to cancel the Dalai Lama’s visit when Sri Lanka badly needs tourism?”[8]

While the government of Sri Lanka has made any official comment on the Dalai Lama episode, public sentiment has grown against China. There have been allegations of China interfering in the succession of the Dalai Lama and carrying out suppressive policies in Tibet. A year ago, top Tibetan monk Ling Rinpoche had during a press event criticised China for “inhuman and bestial atrocities” on Tibetans and the destruction of Buddhist culture and literature.[9]China’s image as anti-Buddhist is only going to further dent its prospects in Sri Lanka. Pro-India sentiments are on the rise in the island country as New Delhi helped Sri Lanka amid the financial crisis.Sri Lanka has thanked India for the “generous support” that helped the country “to regain some measure of economic and financial stability.”[10][11]In such a situation, China ruffling feathers on religious issues would only hamper its image and prospects in Sri Lanka.

[1]https://www.forbes.com/sites/wadeshepard/2017/01/08/violent-protests-against-chinese-colony-in-hambantota-sri-lanka-rage-on/?sh=4118bc1b13dd

[2]https://english.newsfirst.lk/2023/1/2/sri-lankan-monks-seek-dalai-lama-s-visit-blessings-to-overcome-economic-crisis

[3]https://timesofindia.indiatimes.com/world/south-asia/dalai-lama-offers-prayers-for-Seriswift-end-to-sri-lanka-crisis/articleshow/92994345.cms

[4]https://twitter.com/azeemsalam/status/1615312498294497282

[5]https://twitter.com/iamkapilan/status/1615616561339076608

[6]https://www.sundaytimes.lk/230122/columns/dalai-lama-bombshell-with-love-from-china-to-malwatte-monks-509056.html

[7]https://twitter.com/AshanMendis6/status/1615268751758491651

[8]https://twitter.com/Mohammed_Aashsd/status/1617754518208540672

[9]https://english.khabarhub.com/2022/11/236784/

[10]https://timesofindia.indiatimes.com/world/south-asia/sri-lanka-thanks-india-for-its-generous-support-assurances-given-to-the-imf-to-restructure-its-debt/articleshow/97160677.cms

[11]https://newindian.in/jaishankar-doubles-down-on-commitment-to-help-sri-lanka-out-of-financial-crisis/
Source:colombogazette

Full implementation of 13A: NFF vows to torpedo Ranil’s move, asks Dinesh, Mahinda to disclose their stance

The National Freedom Front (NFF), a constituent member of Nidahas Janatha Sandhanaya (NJS), has declared that it would oppose President Ranil Wickremesinghe’s bid to fully implement the 13th Amendment to the Constitution. The patriotic people were ready to defeat such plans, even at the expense of their lives, the party has vowed.

The breakaway JVP faction consists of six MPs, including former minister Wimal Weerawansa. The NJS is contesting the Local Government polls, scheduled for March 09, under the ‘Helicopter’ symbol.

NFF spokesperson, MP Jayantha Samaraweera, on Monday (30), told the media that his party was ready to lead a campaign against the UNP leader’s move to do away with constitutional safeguards meant to ensure Sri Lanka’s unitary status. The Lawmaker addressed the media at the NFF main office, at Pitakotte.

Having declared his intention to fully implement the controversial constitutional amendment at the Thai Pongal celebrations, in Jaffna, on January 15, President Wickremesinghe reiterated his commitment to the Eelam project during the party leaders’ meeting at the Presidential Secretariat, the former State Minister said.

Lawmaker Samaraweera asked Prime Minister Dinesh Gunawardena, and twice President Mahinda Rajapaksa, who had flanked President Wickremesinghe, at the party leaders’ meeting, to disclose their stand on 13th Amendment.

The Nidahas Janatha Sandhanaya, consisting of NFF, Democratic Left Front, Communist Party, Lanka Samasamaja Pakshaya, Pivuthuru Hela Urumaya, Vijayadharani Jathika Sabhawa, Yuthukama, Sri Lanka Freedom Party, Nidahasa Janatha Sabhawa, Jana Jaya Peramuna, Sri Lanka Mahajana Pakshaya and Nidahas Janatha Peramuna, has yet to disclose its position on this issue.

MP Samaraweera attacked the President, close on the heels of NFF leader Wimal Weerawansa, who is also the Chairman of the Uththara Lanka Sabhagaya (ULS), questioning the legitimacy of the move. Lawmaker Weerawansa addressed this issue at a meeting held at the BMICH, on January 26, to discuss ways and means to thwart the move to privatize the CEB.

The ULS consisting of seven political parties, and groups, is aligned with the NJS.

Referring to the circumstances UNP leader Wickremesinghe re-entered Parliament, through the National List, nearly a year after the last General Election, former Minister Weerawansa emphasized the President didn’t have a mandate to fully implement the 13th Amendment. How could the UNP leader abolish Sri Lanka’s unitary status, having received an opportunity to complete Gotabaya Rajapaksa’s remainder of five-year term, won at the Nov. 2019 Presidential Election.

The MP challenged their erstwhile comrades, in the JVP, to state their position on the 13th Amendment. Alleging that the JVP had been conveniently silent on the issue at hand, MP Samaraweera asked whether the current leadership would take up Wickremesinghe’s challenge.

In addition to Weerawansa and Samaraweera, Yuthukama leader Gevindu Cumaratunga, MP, has declared opposition to the President’s move, at the party leaders’ meeting.

Of the SLPP parliamentary group, retired Rear Admiral Sarath Weerasekera is the only MP to publicly oppose Wickremesinghe’s proposal.

Political sources said that the NJS, as a group contesting the forthcoming LG polls, was yet to deliberate this issue and take a stand. They said that consensus was required without further delay as the President’s proposal would be a major issue at the forthcoming election.