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Sunday December 10th, 2023

Sri Lanka’s Kotelawala Defence University bill could crush student freedoms: SJB

KDU hospital, Werahera

ECONOMYNEXT – A clause in Sri Lanka’s controversial Kotelawala National Defence University (KNDU) bill could be used to crush any views among students that is seemed a threat to national security, an opposition MP said.

Main opposition Samagi Jana Balavegaya (SJB) parliamentarian Rohini Wijeratne told reporters Monday (12) that the proposed bill – the target of a series of recent protests – could remove the KNDU from the purview of the ministry of education and the University Grants Commission (UGC) and be brought entirely under the purview of the ministry of defence.

As per clause 18 of the bill, the board of governors of the KNDU will be appointed by the minister of defence and will consist of nine members. This includes the secretary and additional secretary to the ministry of defence, one nominee each from the UGC and the treasury, the chief of defence staff, the commanders of the army, navy and air force, and the vice-chancellor of the university who will be a military officer.

Clause seven of the bill states: “Where the [defence] minister is of the view that any situation prevailing in the university is likely to endanger national security or is detrimental or prejudicial to national policy or is likely to disrupt the smooth functioning of the university, he may direct the board of governors to take all such steps as he may deem necessary, to bring such situation under control.”

If the bill is passed, said Wijeratne, students will lose their rights and free education itself will be in peril.

“This act will suppress students,” she claimed, adding that it is at university campuses that foster free expression and intellectual debate.

The MP accused the government of trying to crush students’ freedom with its boot.

Clause five (o) of the bill states: “The university shall, subject to the provisions of this act, have the power to establish campuses, colleges, faculties, departments, centres, academic institutions and such other specialised institutes, schools and divisions as may be required by the university.”

Wijeratne said this will pave the way to a culture of following orders.

“By bringing the schools under the defence ministry they are trying to inculcate a ‘yes sir, no sir three bags full, sir’ attitude in students and destroy future leaders of this country,” she said

“Where is the clause in the bill where it states that the schools such as Royal, Ananda Nalanda, Vishaka, Devi Balika and others will not be affiliated to this act?” she added.

Any degree awarded by a university in Sri Lanka must be awarded through the UGC to ensure quality, she added. (Colombo/July12/2021)

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ADB USD200mn loan for Sri Lanka economic stabilization efforts

ECONOMYNEXT – The Asian Development Bank (ADB) has approved a US 200 million dollar concessional loan to Sri Lanka to help stabilize the country’s finance sector.

The Financial Sector Stability and Reforms Program comprises two subprograms of IS 200 million dollars each, according to a statement by the ADB.

“The program’s overarching development objective is fully aligned with the country’s strategy of maintaining finance sector stability, while ensuring that banks are well-positioned for eventual recovery,” ADB Country Director for Sri Lanka Takafumi Kadono was quoted as saying in the statement.

“The expected development outcome is a stable financial system providing access to affordable finance for businesses in various sectors of the economy.”

The ADB statement continues:

“Subprogram 1 targets short-term stabilization and crisis management measures that were implemented in 2023, while subprogram 2 is planned to be implemented in 2024 and focuses on structural reforms and long-term actions to restore growth in the banking sector.

The program will help strengthen the stability and governance of the country’s banking sector; improve the banking sector’s asset quality; and deepen sustainable and inclusive finance, particularly for women-led micro, small, and medium-sized enterprises.

According to the International Monetary Fund’s (IMF) latest review, Sri Lanka’s economy is showing tentative signs of stabilization, although a full economic recovery is not yet assured.

The program is a follow-on assistance from ADB’s crisis response under the special policy-based loan that was approved for Sri Lanka in May 2023.

It is aligned with the fourth pillar of the IMF’s Extended Fund Facility provided to Sri Lanka to help the country regain financial stability.

It is also in line with the government’s reform agenda, including strengthening the operational independence of the Central Bank of Sri Lanka (CBSL) and its designation as the country’s macroprudential authority.

In designing this subprogram 1 loan, ADB has maintained close coordination and collaboration with the IMF to design targeted regulatory reforms for the banking sector—including the asset quality review—and with the World Bank on strengthening the deposit insurance scheme.

“The loan is accompanied by a $1 million grant from ADB’s Technical Assistance Special Fund to provide advisory, knowledge, and institutional capacity building for Sri Lanka’s Ministry of Finance and CBSL.”
(Colombo/Dec9/2023)

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Sri Lank in blackout as power grid hit by cascading failure

ECONOMYNEXT – Sri Lanka suffered a blackout as Saturday evening as the state-run Ceylon Electricity Board grid was hit by a cascading power failure.

The cascading failure is believed to have been triggered by the failure of the Kothmale-Biyagama transmission line.

“The Ceylon Electricity Board wishes to inform our customers that due to the failure of Kotmale – Biyagama main transmission line, an island wide power failure has occurred,” CEB Spokesman Noel Priyantha said.

“Step by step restorations are underway and it may take few hours to completely restore the power supply.”

With hydro plants running flat out, a outage of the line tends to create a big imbalance in the demand and supply, leading to tripping of more lines and generators.

Lines can trip due to lightening strikes, or equipment failures.

Sri Lanka last suffered a cascading failure in December 2021, due to the failure of the same transmission line.

RelatedSri Lanka power blackout as grid hit by cascading failure

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Sri Lanka to host regional Food and Agriculture Organization conference

ECONOMYNEXT – Sri Lanka will host the 37th session of the Asia Pacific Regional Conference (APRC) of the United Nations Food and Agriculture Organization (FAO), from February 19-22, 2024 in Colombo.

The Conference will bring together agriculture ministers and officials from 46 countries across the region to discuss challenges in food and agriculture.

“The 37th APRC will provide a vital platform for regional collaboration, benefitting the agricultural landscape, fisheries sector and environment of Sri Lanka,” Minister Mahinda Amaraweera said at a press briefing on Friday (8) to announce the conference.

FAO has had an active presence in Sri Lanka for over 40 years. “FAO has supported the country in the implementation of Good Agricultural Practices (GAP), and the development of the fisheries sector for growth and climate resilience,” Vimlendra Sharan, FAO Representative for Sri Lanka and the Maldives said.

“The APRC conference will be an opportunity to highlight the innovative approaches introduced in partnership with the government.”

By hosting APRC, Sri Lanka hopes to demonstrate the country’s dedication to the growth of sustainable agriculture, and showcase its commitment to sustainable agricultural development.

The APRC agenda will include a forum on agritourism, especially requested by the Sri Lankan government.
(Colombo/Dec9/2023)

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