2023-09-20
News Categories : Committee News
Hon. Wajira Abeywardana stated that when the Central Bank declared financial bankruptcy, an entire country failed.
The Member of Parliament stated the above when the Select Committee of Parliament to Investigate Causes for Financial Bankruptcy declared by the Government and to Report to Parliament and Submit its Proposals and Recommendations in this regard met recently (Sep. 15) Chaired by Hon. Sagara Kariyawasam in Parliament.
Hon. Wajira Abeywardana and the former Central Bank Governor Ajith Nivard Cabraal were called before the Committee.
The statements made by the Member of Parliament Hon. Wajira Abeywardana on September 1st, 2022 and February 10th, 2023 regarding financial bankruptcy were inquired at the Committee meeting held.
Addressing the Committee Hon. Wajira Abeywardana pointed out that according to the Constitution, the power of financial control vets with the Parliament and because of follwoing a wrong process, the Central Bank declared the country's financial bankruptcy on 12.04.2022. The Parliamentarian pointed out that as a result of this, the whole country fell into trouble.
Hon. Wajira Abeywardana pointed out that in the first quarter of 2022, $3.9 billion was to be paid and by April 8th, 2022, $3.2 billion had been paid. He pointed out that by April 12th, about 70 million dollars had to be paid to China and in that context, the Central Bank declared financial bankruptcy on April 12th effortlessly. The Parliamentarian pointed out that this is a wrong process and this should not have happened and there was potential to get support from the private sector and pay this amount. As a result, he pointed out that a large number of officials of the Central Bank are responsible for the situation in the country and certain individuals were not standing by Sri Lanka at that point in time. Therefore, the Member of Parliament further mentioned that people who stand with Sri Lanka should be given a high chair.
He also quoted a statement made by the current President, Hon. Ranil Wickremesinghe, on April 8th, 2022, when he was a Member of Parliament. He also commented on the submission of about 70 amendments to the recently presented Central Bank Act by the Supreme Court.
Addressing the Committee, the former Central Bank Governor Ajith Nivard Cabraal pointed out that the declaration of financial bankruptcy was the result of a long-term effort by several groups. The new Central Bank Governor declared financial bankruptcy on the first day of his appointment, i.e. April 12th, he said. He also pointed out that this is a declaration of debt default made without any national or institutional level discussion.
The former Central Bank Governor Ajith Nivard Cabraal pointing out 3 main points in particular and accordingly, indicated that the announcement of financial bankruptcy on April 12th, 2022, how the bankruptcy took place and the fall in the value of the rupee will be discussed here. He explained at length how the declaration of financial bankruptcy was made on April 12th, 2022, and stated that he would elaborate on the other two points on a future date due to time constraints.
The Committee Chair, Hon. Sagara Kariyawasam, stated that there is an opinion that the governor of the Central Bank ran away at a difficult time for the country and he needs to give an explanation in this regard. Former Governor Ajith Nivard Cabraal said that on 03.04.2022, all the Cabinet Ministers met and took a decision to resign from the Cabinet and because he was also present at this occasion, he too felt obligated to take the same decision. But he pointed out that it does not amount to running away.
The Committee Chair, Member of Parliament Hon. Sagara Kariyawasam stated that it is important to get a good understanding regarding this matter so that something like this does not happen in the future.
Minister Hon. (Mrs.) Pavithradevi Wanniarachchi, Members of Parliament Hon. S. B. Dissanayake, Hon. Jayantha Ketagoda, Hon. (Dr.) Major Pradeep Undugoda, Hon. Sanjeeva Edirimanna, Hon. Nalaka Bandara Kottegoda were present at the Committee meeting held.
2025-07-28
No shortage of very essential medical items – Ministry of Health officials The Sectoral Oversight Committee on Health, Media and Women's Empowerment inquired into the medicine shortage and related matters at the Committee meeting held recently (Jul. 23), under the chairmanship of Hon. Member of Parliament (Dr.) Nihal Abeysinghe. Officials from the Ministry of Health informed the Committee that the current shortage of medicines has arisen due to delays in placing orders in previous years. However, they assured the Committee that procurement process for the year 2026 has already taken commenced, and there will be no shortage in 2026. They further stated that by the end of this year, 80% to 90% of essential medicine items are expected to be available in the country. In response to an inquiry made by the Committee regarding the availability of very essential medical items, the Ministry officials confirmed that there is no shortage of such items at present. Furthermore, the Committee also considered and approved the Annual Reports for the years 2022 and 2023 of the State Pharmaceuticals Corporation of Sri Lanka, the National Medicines Regulatory Authority, the Sri Lanka Ayurvedic Drugs Corporation, and the Wijaya Kumaratunga Memorial Hospital. While reviewing these reports, the Committee raised concerns over unresolved audit queries related to these institutions. The Committee Chair recommended that an internal review mechanism be established within the Ministry to ensure timely and appropriate responses to audit observations. Hon. Deputy Minister Muneer Mulaffer, Hon. Members of Parliament (Attorney-at-Law) Dayasiri Jayasekara, Amirthanathan Adaikkalanathan, (Dr.) Ramanathan Archchuna, Samanmali Gunasingha, (Prof.) Sena Nanayakkara, (Dr.) S. Sri Bavanandarajah and Jagath Manuwarna were present at the Committee meeting. Officials representing the Ministry of Health and Mass Media, including Secretary to the Ministry Dr. Anil Jasinghe, also participated in the meeting.
2025-07-28
A working Committee was appointed pertaining to the future activities of the Parliamentary Caucus on Arts and Cultural Affairs, established for the Tenth Parliament. The purpose of this working Committee is to implement the programmes expected to be carried out by the Caucus for the advancement of the arts and cultural sectors of the country and to obtain ideas and proposals from experts and scholars in the respective fields for that purpose. Hon. Members of Parliament Prof. Sena Nanayakkara, Lakshman Nipuna Arachchi, Hiruni Wijesinghe, Attorney-at-Law, Nilanthi Kottahachchi, Attorney-at-Law, Sugath Wasantha de Silva, Susantha Dodawatta, Attorney-at-Law, Ruwan Mapalagama, and Dinesh Hemantha were appointed as members of this Committee. These appointments were made during the meeting of the Parliamentary Caucus on Arts and Cultural Affairs, held recently (Jul. 22) in Parliament, under the chairmanship of Hon. Member of Parliament Jagath Manuwarna, Chair of the Caucus. At this meeting, lengthy discussions were held regarding the steps that could be taken to uplift the cultural, literary, and arts sectors of the country, to promote the development of artists and professionals engaged in those fields, and on the necessity of fostering an interest among the general public and children in art appreciation. It was also proposed by the Member MPs that programmes should be initiated to create awareness among Members of Parliament and the parliamentary staff regarding the Parliamentary Caucus on Arts and Cultural Affairs. Hon. Members of Parliament Prof. Sena Nanayakkara, Lakshman Nipuna Arachchi, Hiruni Wijesinghe, Attorney-at-Law, Nilanthi Kottahachchi, Attorney-at-Law, Sugath Wasantha de Silva, Susantha Dodawatta, Attorney-at-Law, Ruwan Mapalagama, and Dinesh Hemantha were present at this Committee meeting held.
2025-07-28
The recommendations of the Committee on High Posts, which met on the July 24th at Parliament approved the appointments of 5 new Ambassadors, a High Commissioner, and a Secretary to the Ministry. Accordingly, Miss. Sumadhurika Sashikala Premawardhane as the Ambassador of Sri Lanka to the Republic of Indonesia, Mrs. C.A. Chaminda Inoka Colonne as the Ambassador of Sri Lanka to the Federative Republic of Brazil, Mr. Mohamed Rizvi Hassen as the High Commissioner of Sri Lanka to the Republic of Maldives, Mr. L.R.M.N.P.G.B. Kadurugamuwa as the Ambassador of Sri Lanka to the Republic of Turkey, Mrs. Ruwanthi Delpitiya as the Ambassador of Sri Lanka to Nepal, and Mr. Marimuththu K. Pathmanaathan as the Ambassador of Sri Lanka to the Republic of South Korea have been recomended by the Committee on High Posts. Furthermore, the name of Miss. Ayesha Jinasena (PC) has also been recommended by the Committee on High Posts for the appointment as the Secretary to the Ministry of Justice and National Integration. The Committee on High Posts, chaired by Hon. (Dr.) Harini Amarasuriya, Prime Minister, comprised of the following Members of Parliament: Hon. Kumara Jayakody, Hon. (Dr.) Anil Jayantha, Hon. Harshana Nanayakkara, Attorney at Law, Hon. (Dr.) Upali Pannilage, Hon. (Mrs.) Saroja Savithri Paulraj, Hon. (Dr.) Hansaka Wijemuni, Hon. Rishad Bathiudeen, Hon. Dayasiri Jayasekara, Attorney at Law, and Hon. M. Nizam Kariapper, PC.
2025-07-28
The proposed Education Reform Plan was taken into discussion at the Sectoral Oversight Committee on Education, Manpower and Human Capital. The discussions were held when the Committee met on the Jul. 25th at Parliament, under the chairmanship of Hon. Hesha Withanage, Member of Parliament. Secretary to the Ministry of Education, Higher Education and Vocational Training, Mr. Nalaka Kaluwewa, representatives of the National Education Commission, the Director General of the National Institute of Education, along with several other senior officials of the Ministry of Education, participated in this meeting. The Ministry officials explained in detail to the Committee the steps taken to prepare the proposed Education Reform Plan and also presented the steps taken in the past in this regard. The Chair of the Committee stated that experts from relevant sectors who have been involved in reforming the education sector in the past are expected to be consulted to examine the proposed Education Reform Plan more comprehensively. He further stated that the full support of the Committee will be extended to ensure the proper implementation of the Education Reform Plan. Committee Members also emphasized the need for properly structuring the syllabus when implementing reforms in the education sector and pointed out the factors that should be considered in that regard. Meanwhile, the attention of the Sectoral Oversight Committee was also drawn to the Samurdhi (Amendment) Bill. The Committee inquired into the operations of the Samurdhi Bank, and the relevant approval was granted to present the said Bill to Parliament for the Second Reading. Hon. Members of Parliament Sunil Rajapaksha, Chanaka Madugoda, Thurairasa Ravikaran, Nilusha Lakmali Gamage, Attorney at Law, and Krishnan Kalaichelvi participated in this Committee meeting.
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