• Japan failing leadership test in Sri Lanka

    “Japan's studied refusal to add to the international pressure on the Sri Lankan government, while it continues to pour money into infrastructure development, could be construed as not simply more ineffectual checkbook diplomacy, but in fact a cynical investment in the regime.

  • Doubts over Sri Lanka's pledges

    “Most of [Sri Lanka’s] deficit reduction plans hinge on turning around loss-making state ventures hampered by subsidy schemes, mismanagement and an infamously intractable corps of bureaucrats.”

  • Loyal defender of Sri Lanka’s realm

    It isn’t surprising that the only British politician who will be meeting Sri Lanka's President Mahinda Rajapakse during his controversial visit to the UK this week is Defence Secretary
    Liam Fox.

    Amid a storm of outrage and calls this week by Amnesty International for Britain to pursue war crimes prosecutions against Sri Lankan leaders, the Defence Secretary is going to meet President Rajapakse “in a private capacity”.

    "This reflects Dr Fox's longstanding interest in Sri Lanka and his interest in, and commitment to peace and reconciliation there," a spokesman for Fox told The Guardian newspaper.

    A closer look at Dr. Fox's long-standing engagement with Sri Lanka suggests otherwise.

  • US embassy cables: Rajapaksa shares responsibility for 2009 massacres

    “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.

  • Sri Lanka’s fishy story

    After 32 consecutive years of losses, Sri Lanka's state-owned Fisheries Corporation announced this July it had made a profit. The explanation, inevitably, was ‘the end of the war’.

    But a close look suggests much more than that: a militarized and ethnicised monopoly in the making.

  • Why Rajapakse’s case is different

    “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.

  • Sri Lanka might — but probably won't

    “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.”

  • Jaffna and the world

    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:

  • ‘Ethnocracy’?

    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.

  • Sri Lanka’s foreign debt less attractive than even Greece's

    So much for Colombo's claim of 'post-war optimism' amongst foreign investors.

    Sri Lanka’s long term sovereign debt is presently rated as less attractive to foreign creditors than that of Greece, which triggered another international financial crisis earlier this year after being caught concealing a yawning budget deficit.

    Standard & Poor’s, the debt rating agency, has given Greece’s foreign debt an overall rating of BB while Sri Lanka scores B+.

    According to the agency’s website, a rating of B is understood as more vulnerable to debt default than BB. The +/-  signs indicate a state's relative standing within the overall ‘B’ category.

    S&P's raised Sri Lanka’s debt rating in September this year from B to B+ primarily on the condition Colombo sticks to the IMF’s reform programme, the LBO reported.

    Meanwhile, Sri Lanka is amongst the world's heaviest borrowers.

  • ‘Britain must take the lead on investigating Sri Lanka war crimes’

    “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.”

  • Dodgy numbers

    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.

  • Coming Contradiction

    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.

  • Parameters for international investigations into Sri Lanka’s war

     

    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.

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