Accountability

There has been a raging debate in Sri Lanka on the deal, citing it as an expensive deal. The earlier government had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement.

By establishing dedicated police stations, enforcing strict regulations, and enhancing monitoring mechanisms, the government aims to protect consumers from exploitation while ensuring market stability.

ICG's latest "EU Watchlist" report, which identifies areas where the European Union (EU) can enhance prospects for peace, highlights Bangladesh as one of the critical regions requiring international attention.

The actions taken by the interim government in the coming months will determine whether the sacrifices of the Monsoon Revolution pave the way for a brighter future or become a fleeting moment in the nation’s turbulent history.

Sri Lanka's earlier administration had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement. This agreement, announced in May 2023, triggered widespread criticism due to the high price and lack of competitive tendering.

If current trends continue, Oxfam predicts that five trillionaires will emerge within the next decade. In stark contrast, the number of people living in poverty has remained nearly unchanged since 1990.

Sri Lanka’s central bank embraced deflationary measures that allowed currency appreciation and restored external stability. Critics argue, however, that these gains may be short-lived without structural reforms and tighter inflation targets.

Human rights activists and legal experts have also welcomed the initiative, emphasising the need for independent oversight to uphold justice and prevent abuse of power.