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.
2026-03-30
Progress on the implementation of recommendations issued by the COPA on 06th January 2026 was reviewed Matters relating to the 2024 Auditor General’s Report and current performance were also examined The Department of Archaeology was summoned before the Committee on Public Accounts (COPA), where attention was drawn to the progress made in implementing the recommendations issued at the COPA meeting held on 06th January 2026, as well as to the current performance of the Department.These matters were discussed at the COPA meeting held in Parliament on 19th March 2026 under the chairmanship of Hon. Member of Parliament Kabir Hashim, to examine the Auditor General’s triennial report for the years 2021–2023, the 2024 Auditor General’s Report, and the current performance of the Department of Archaeology.At its meeting on 06th January 2026, it was recommended that a report on the gazetted and ungazetted antiquities identified by the Department of Archaeology be submitted to the Committee within a month. However, the Auditor General’s Department pointed out that data relating to antiquities not declared by Gazette had still not been submitted to the Committee. Accordingly, the Chair of the Committee instructed that a report be submitted within two weeks, including details of such antiquities, reasons for not publishing them by Gazette, and a proposed timeline for their gazetting.The Committee also focused on the lack of progress in implementing the recommendation to establish a centralized data system for the Department of Archaeology, and instructed that a progress report on this matter be submitted to the Committee.Furthermore, it was revealed that although Cabinet approval stipulates that 25% of the revenue generated by the Central Cultural Fund should be allocated to the Ministry of National Heritage, the Department of Archaeology has been requesting a lower allocation annually. Officials who appeared before the Committee stated that funds allocated through Cabinet approval had remained unutilized, and that there are plans to reduce future allocations requested from the Treasury accordingly.The shortage of vehicles available to the Department was also discussed, with officials noting that this has significantly affected the institution’s performance. The Committee stated that it would take steps to raise this matter with the relevant authorities.The meeting was attended by Committee Member Hon. Deputy Minister Dinindu Saman Hennayake and Hon. Members of Parliament (Dr.) M.L.A.M. Hizbullah, Hector Appuhamy, Chanaka Madugoda, Chandana Sooriyaarachchi, and Ruwanthilaka Jayakody.
2026-03-30
The Ministerial Consultative Committee on Youth Affairs and Sports has granted approval for the regulations under the “Convention Against Doping in Sports Act.” These regulations have been published in the Extraordinary Gazette No. 2471/51 dated 16 January 2026.The approval was granted at a meeting of the Committee held recently (Mar. 20) in Parliament, under the chairmanship of the Hon. Minister of Youth Affairs and Sports, Sunil Kumara Gamage, with the participation of the Hon. Deputy Minister, Dinindu Saman Hennayake.A number of Member Parliamentarians of the Committee, as well as non-member Parliamentarians, were present at the meeting. Officials, including the Secretary to the Ministry of Youth Affairs and Sports, also attended the occasion.
2026-03-30
The Sectoral Oversight Committee on Environment, Agriculture and Resource Sustainability has instructed officials to immediately prepare a plan for the environmentally friendly disposal of ash emitted from the Norochcholai Lakvijaya Power Plant.These instructions were given at a meeting of the Committee held in Parliament on the Mar. 17th, under the chairmanship of Hon. Member of Parliament Hector Appuhamy.It was revealed during the meeting that, due to issues related to the quality of coal imported to Sri Lanka for power generation, the volume of ash emitted during electricity generation has increased significantly. The Committee noted that if this ash is not properly disposed of, there is a risk of future environmental damage. Accordingly, officials were directed to formulate a plan under the leadership of the District Secretary of the Puttalam District to take the necessary measures.It was also proposed that the possibility of reusing the removed ash for production purposes be studied, and that any revenue generated from such products be utilized for welfare projects benefiting the communities affected by the power plant.In addition, the Committee instructed the Central Environmental Authority to submit a comprehensive report on whether water and air pollution have occurred as a result of the Norochcholai Power Plant. Furthermore, the North Western Provincial Environmental Authority was also recommended to provide responses within two weeks regarding the questionnaire and related matters submitted by the Committee in connection with the Norochcholai Power Plant.Officials of the North Western Provincial Environmental Authority stated that although the volume of ash emitted from the plant has increased, the filtration system in use at the plant is sufficient to absorb these particles. Several matters, including the issuance of environmental protection licenses for the power plant, were discussed in detail.The meeting was attended by Committee Members, Hon. Members of Parliament Kings Nelson, Roshan Akmeemana, Attorney-at-Law Chithral Fernando, Susantha Kumara Navaratne, Kitnan Selvaraj and Upul Kithsiri.
2026-03-24
The Select Committee of Parliament to conduct a comprehensive study on the lack of preparedness to face Cyclone Ditwah and report to Parliament and submit its proposals and recommendations in that regard, met for the first time on 19.03.2026 at Parliament under the chairmanship of Hon. Minister (Dr.) Nalinda Jayatissa.Addressing the meeting, the Chair emphasized the importance of gaining a clear understanding of how the relevant responsible institutions operate during natural disasters such as Cyclone Ditwah, in order to effectively carry forward the work of the Committee. Accordingly, it was decided to summon officials from the Disaster Management Centre, the Department of Meteorology, the Department of Irrigation, and the Mahaweli Authority of Sri Lanka to the next two committee meetings to obtain the necessary preliminary briefings.It was also proposed that, given the subject-specific scope of the Committee, officials possessing technical expertise and specialized knowledge in relevant fields should be called before the Committee from time to time to assist in understanding complex technical matters. The Chair noted that the Committee is required to submit its report to Parliament within three months from the date of its first meeting by 19.06.2026. Accordingly, efforts will be made to hold meetings promptly and prepare the report, including relevant recommendations, within this timeframe. He further stated that, in addition to proposals related to the Committee’s scope, the report is expected to include recommendations aimed at establishing a stronger mechanism to effectively respond to future events similar to Cyclone Ditwah.The meeting was attended by Hon. Members of Parliament Anuradha Jayaratne (Attorney-at-Law), Hector Appuhamy, Rohini Kumari Wijerathna, M.K.M. Aslam, Anushka Thilakaratne (Attorney-at-Law), Kanthasamy Prabhu, Ruwan Mapalagama, and (Dr.) Pathmanathan Sathiyalingam. Hon. Leader of the Opposition Sajith Premadasa also attended with the special permission of the Chair.
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