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CaptureWhile there is much uncertainty now about what will happen to the country, certain certainties are assured. Chief amongst them is the headlong destruction of his reputation that Ranil has precipitated in the last three years.

I do not refer only to his unashamed capers with regard to the bond scam, the continuing defence and harbouring of Mahendran and now Ravi, the snide attacks on the Auditor General and Nivard Cabraal without substantiating them, the blithe disregard for the massive loss the country suffered not once but thrice. What is also clear is his complete ignorance of economics, even though he used to masquerade as an expert in the field.

Indeed way back in 2003, when I begged him to stop the collapse of the English medium experiment that had begun in 2001, he said he could not work on that now since he had to concentrate on putting the economy right. He claimed then that no one else had the capacity to institute reforms, a position he seems to have moved on from now, with his recognition of the capabilities of the boy genius Akila Viraj.

But economics he thinks must continue as his preserve, and he has such confidence in the brilliance of his geriatric pet shop boys (plus Mahendran and Ravi) that he has not even bothered to find a permanent secretary for the Ministry he uses, in Basil style, to assert his control over everything and everybody.

Now however he has had to grant there is a crisis, which he claims is because of adverse weather. He fails to admit that, before the weather too turned on him, employment dropped between 2014 and 2016 (8.5 to 8 million), the surplus on Balance of Payments became a massive deficit (plus $1,369 million to minus $500 million), the trade deficit rose (from $8,287 million to $9,090 million), Foreign Direct investment dropped by nearly a third (from $1,635 million to $1,079 million), and our international credit ratings plummeted. We have sunk in indices with regard to the Ease of Doing Business and Global Competitiveness and Corruption Perception as well as the Rule of Law. Read the rest of this entry »

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Rajiva Wijesinha

June 2018
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