Joint Chambers call for repeal of 20th amendment in letter to President

20th Amendment

Sri Lanka's Joint Chambers of Commerce in a letter addressed to President Gotabaya Rajapakse has requested action to be initiated to repeal the 20th amendment to the constitution.

The full text of the letter follows.....

Letter by the Joint Chambers to H E the President
Your Excellency,

Current Economic and Political Situation

The Private Sector, as represented by the Joint Chambers, welcome the commencement of negotiations with the IMF, the process of selecting legal and financial advisors to guide the debt restructuring process and the suspension of external debt repayments as a first step in this process. 

We also hope that these actions together with bridge financing arrangements can be translated to reduce the power interruptions that continue to disrupt daily lives of people and business activities. 

The Joint Chambers are however concerned that the current political deadlock coupled with growing public unrest could potentially derail the actions being taken to resolve the serious economic crisis faced by the country, and that the absence of political stability could significantly disrupt the successful and speedy completion of initiatives taken thus far.

Therefore, the Joint Chambers urge Your Excellency, as President, to immediately initiate legislative action to repeal the 20th amendment to the constitution which contributed to the present situation. This will be viewed as a historic positive development for this country both from a political and economic perspective.

This we are confident will ensure a better balance of power between the Executive and the Legislature along with the reintroduction of the Constitutional Council and other independent Commissions that will lead to a more acceptable political framework that could help resolve the current impasse.

Once this is done through a consensual approach, we recommend that a bi-partisan national government is established with the ability to support the economic management team to steer the country out of the current economic crisis and resolve the continuing issues relating to fuel, electricity, gas and other critical elements of the supply chain.

We are hopeful by taking these initiatives, a positive assurance can be be given to the people of Sri Lanka towards a better future.

We trust that Your Excellency will give this appeal the attention that it deserves.

Yours sincerely,

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Sanjeewa Wickramage
Sanjeewa Wickramage
2 years ago

It is about time that all Chairmen and CEO’s of Sri Lanka’s private sector put pressure on the governmnet to undertake reforms and sadly the Chairmen and CEOs of most priviate sectot including top corporates have been white washing the government leaders and their actions. IT has been very rare to see an honest criticism coming out from these business leaders which certianly resulted in the government thinking that that they could run this country in anyway they please.

If we analyse the annual reports of most of the listed companies over the past years shareholders were made to believe a very rosy picture of the country and the respective industries. That was due to the fact that these business leaders NOT having a back bone to say the right thing and also due to the fact that they did NOT want to displease the government leaders.

I ask all corporate leaders to awake from their slumber and work towards the best intestst of their respective organizations, industries in which they do business and the country. If this is NOT done then the investors will take this matter up in the respective annual general meetings which might create another wave of revolutions.

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