Home » Colombo
Category Archives: Colombo
Following the mutiny that we witnessed in Downing street after members of the Johnson’s cabinet successfully forced him to resign over accusations of incompetency and the culture of inappropriate conducts in his cabinet, the people of Sri Lanka have also succeeded in chasing out their President, G. Rajapaksa, out of office over his contributions to the collapse of the country’s economy. This blog is a brief commentary on some of the latest events in Sri Lanka.
Since assuming office in 2019, the government of Rajapaksa has always been indicted of excessive borrowing, mismanagement of the country’s economy, and applying for international loans that are often difficult to pay back. With the country’s debt currently standing at $51bn, some of these loans, is claimed to have been spent on unnecessary infrastructural developments as well as other ‘Chinese-backed projects’, (see also; the Financial Times, 2022). Jayamaha (2022; 236) indicated that ‘Sri Lanka had $7.6 billion in foreign currency reserves at the end of 2019. However, by March 2020, it had exhausted its reserves to just $1.93 billion.’ One of Rajapaksa’s campaign promises was to cut taxes, which he did upon assuming office. His critics faulted this move, claiming it was unnecessary at that particular time. His ban on fertilizers, in a bid for the country to go organic (even though later reversed), had its own effect on local farmers. Rice production for example, fell by 20% following the ban – a move that eventually forced the government to opt for rice importation which was in itself expensive (see also; Nordhaus & Shah 2022). Critics warned that his investments and projects have no substantial and direct impact on the lives of the common people, and that what is the essence of building roads when the common people cannot afford to buy a car to ride on those roads? The fact that people have to queue for petrol for 5 days and only having to work for 1 day or where families cannot afford to feed their children simply shows how the government of Rajapaksa seem to have mismanaged the economy of the country. Of course, the problem of insecurity and the pandemic cannot be left out as crucial factors that have also impacted tourism levels and the economy of the country.
Foreign reserves have depleted, the importation of food is becoming difficult to actualise, living expenses have risen to high levels, the country is struggling with its international loan repayments, the value of Rupees has depreciated, there is inflation in the land, including shortages of food supplies and scarcity of fuel. Those who are familiar with the Sri Lanka’s system will not be particularly surprised at the nationwide protests that have been taking place in different parts of the country since May, because the Rajapaksa’s regime was only sitting on a keg of gun powder, ready to explode.
In an unprecedented fashion on July 9, several footages and images began to emerge online showing how protesters had successfully overpowered the police and had broken into the residence of the President. Their goal was to occupy the presidential palace and chase the president out of his residence. In fact, there are video footages online allegedly showing the motorcade of the president fleeing from his residence as the wave of protest rocked the capital.
Upon gaining entry into the innermost chambers of the president’s dwelling, protesters started touring and taking selfies in euphoria, some of them had quickly jumped into the presidential shower, others helped themselves to some relaxation on the president’s bed after days of protests, some were engaged in a mock presidential meeting in the president’s cabinet office, some preferred to swim in the president’s private pool while others helped themselves to some booze.
Indeed, these extraordinary scenes should not be taken for granted for they again reaffirm WB Yeats classic idea of anarchy (in ‘the second coming’ poem), being the only option to be exercised when the centre can no longer hold.
Of course, some may ask that now that they have invaded the presidential villa, what next? In my view, the people of Sri Lanka seem to be on the right direction as President Rajapaska has eventually bowed to pressure and agreed to resign. The next phase now is for the country to carefully elect a new leader who will revive the sinking ship, amend the economic policies, foster an effective democratic political culture which (hopefully) should bring about a sustainable economic plan and growth reforms.
Importantly, this is a big lesson not just for the political class of Sri Lanka, but for other wasteful leaders who continue to destroy their economies with reckless and disastrous policies. It is a lesson of the falcon and the falconer – for when the falcon can no longer hear the falconer, scenes like these may continue to be reproduced in other locations of the world.
Indeed, things fell apart in Colombo, but it is hoped that the centre will hold again as the country prepare to elect its new leaders.
Here is wishing the people of Colombo, and the entire Sri Lankans all the best in their struggle.
Financial Times (2022) [Twitter] 20 July. Available at: https://mobile.twitter.com/FinancialTimes/status/1549554792766361603
Jayamaha, J. (2022) “The demise of Democracy in Sri Lanka: A study of the political and economic crisis in Sri Lanka (Based on the incident of the Rambukkana shooting)”, Sprin Journal of Arts, Humanities and Social Sciences, 1(05), pp. 236–240. doi: 10.55559/sjahss.v1i05.22.
Nordhaus, T & Shah S, (2022) In Sri Lanka, Organic Farming Went Catastrophically Wrong, March 5, FP. Available at: https://foreignpolicy.com/2022/03/05/sri-lanka-organic-farming-crisis/