“There are no examples we know of a regime undertaking wholesale investigations of its own troops or senior officials for war crimes while that regime or government remained in power.

“The Oxford Union has in the past faced criticism for inviting other controversial speakers also known for their racist views. However, President Rajapakse is in a different position from [far right leader] Nick Griffin or [Holocaust denier] David Irving.

“Would Sri Lanka be better off wagering on the intelligence of President Rajapakse and his relatively small circle, or on the creativity and hard work of a broader entrepreneurial class? The fact that foreign direct investment, and domestic long-term investment money, is sitting on its hands a year and a half after the war is a sign of which side of that bet the market is taking.”

This is what India’s External Affairs minister S. M. Krishna said Saturday in his speech at the opening of the Indian consulate in Jaffna:

Out of the 55 Secretaries, the senior-most civil servants of Sri Lanka’s ministries, appointed this week, one was a Tamil, another a Muslim; the rest were Sinhalese.

Recruitment of young Tamils or Muslims into the civil service has been negligible over the past several years; this year there were none.

“At first the UK government applauded the establishment of [Sri Lanka’s] LLRC, even though the deficiencies in the scope of its mandate and in its processes were evident from the outset. … The EU, unlike the UK, was quicker to see through this farce. … Fortunately the UK's position is now shifting. [However] words should translate into further action … leading to an independent international inquiry.”

The economic statistics that Sri Lanka publishes can’t be trusted.

For example, in 2009 Sri Lanka claimed the construction industry ‘grew’ – despite falling cement volumes and a plunging housing market.

Sri Lanka’s claimed drop in inflation, meanwhile, came after a telling change in the index being tracked, LBO reports.

When Sri Lanka's military finally defeated the Liberation Tigers in May 2009, having also slaughtered tens of thousands of Tamil civilians, President Mahinda Rajapakse and the rest of the Sinhala establishment were confident that not only would the Tamils now meekly acquiesce to Sinhala rule, but so would the international community. They were wrong on both counts. Not only have the Tamils endured the ravages inflicted on them during and after the war, they still stubbornly insist on their demand for self-rule. On the other hand, rather than embrace the Sinhala ethnocracy, the international community is doggedly pursuing its transformation into a liberal market democracy.

There has been some convergence between Tamil and international demands for an independent international investigation into the events of 2009 in Sri Lanka. The international community now largely supports the view that the manner in which the last stages of the war in Sri Lanka were fought may constitute crimes against humanity.

While China’s loans are an immediate de-facto handout for Chinese companies (which Sri Lanka is obliged through conditionalities to hire and purchase from), future Colombo governments will be left with the debts - at interest rates higher than other developmental lenders ask for.

In short, Colombo is borrowing from China but pumping the money into the Chinese – not Sri Lankan – economy.

The Sri Lankan state’s debt dependent and public sector heavy economic strategy is crowding out private investment, lowering domestic savings and foreclosing a sustainable economy in the long term, business and economic analysts warned this week.

The Central Bank’s growth projection were this week revised downwards by ratings agencies RAM Ratings and Standard & Poor’s who also warned that Sri Lanka’s long term growth depended crucially on cutting government spending.

Meanwhile, fear is silencing critics of the government’s economic policies, one business leader protested this week.