Download PDF by Nihal Sri Ameresekere: IMF, World Bank & ADB Agenda on Privatisation: Pillage of

"‘Pillage of Plantations’ in Sri Lanka, below the IMF, global financial institution and ADB privatization schedule, incisively analyses, appallingly doubtful privatizations of invaluable plantations in Sri Lanka, inflicting the folks tremendous losses, exposing surprising indifference of foreign developmental companies, thoroughly eroding public self belief, that is the most important to foster a unfastened and open economic climate, with transparency.

Plantations traditionally base of the nationwide economic climate, top tea exporter on the earth, have been nationalized via major Minister Sirima Dias Bandaranaike. Her daughter, President Chandrika Bandaranaike Kumaratunga, who decried prior privatizations, as ‘brazen pillage and plunder of people’s wealth via cronies’, publicly avowed privatization will be obvious, freed from corruption, and people in public existence held responsible.

Plantations privatizations have been performed by way of hand-picked confidantes, presided by means of Senior associate, KPMG Ford Rhodes Thornton & Co., Rajan Asirwatham, below the purview of Deputy Minister Finance G.L. Peiris, additionally then Minister, Justice & Constitutional Affairs (now Minister, exterior Affairs), at once below President Kumaratunga. even though President Kumaratunga, Minister G.L. Peiris after which international Minister Lakshman Kadirgamar, Oxford trained, publicly decried as doubtful and fraudulent plantations privatizations, assuring felony motion, no motion was once taken thereon, arraigning the confidantes and cronies.

What is tested is that pontification through political leaders, espousing enforcement of the guideline of legislations is mere rhetoric, and actually, socio-politically influential are above the rule of thumb of legislation. It discloses the unashamed tolerance of fraud and corruption through confidantes of these on the helm in a rustic; with governments and society uninhibitedly bestowing upon corrupt miscreants, much more acceptance and place, instead of arraigning them, as warranted, earlier than the legislation; while a few duplicitously articulate transparency and stable governance.

This publication is a useful and integral examine ebook on genuine case stories if you happen to have an interest in privatization and advocating stable governance; and to realize socio-political realities. "