Feature Article

US-led World Bank loans to Rajapaksa, fortifies Colombo-dominated structure

[TamilNet, Wednesday, 21 March 2012, 06:49 GMT]
While the Eezham Tamils are hoodwinked by the ploy and decoy of a US-resolution at Geneva, and while the plight of Eezham Tamils is considerably due to a Colombo-centric structure in the island, the US-dominated World Bank headquartered in Washington has approved a loan of US$ 213 million on Thursday for the development of Colombo city. The loan has been granted under the International Bank for Reconstruction and Development (IBRD) institution of the World Bank for the Metro Colombo Urban Development Project. This is the first IBRD loan to Sri Lanka. Colombo metro ‘development’ project is completely in the hands of war-crimes-accused presidential sibling Gotabhaya Rajapaksa, who is also a US citizen. Immediately after the war the IMF bailed out the genocidal state by granting US$ 2600 million.

In July 2009, when the International Monetary Fund (IMF) decided to buttress the genocidal state, the US, UK and France that control roughly 25 per cent of the votes didn’t vote against Sri Lanka. They only abstained.

The argument that monetary aid would correct the state never worked. On the other hand it only helped the state to become more confident of its agenda of structural genocide of Eezham Tamils and to accelerate it.

World Bank’s IBRD coming forward with its first loan to Sri Lanka at a time when the naïve and gullible are made to believe that the US is acting against the Rajapaksa regime to bring in ‘justice’ to Tamils, shows who is the ultimate saviour of the genocidal regime and state in the island, commented political observers in Jaffna.

The IBRD loan to Colombo city is for “rehabilitating, improving and maintaining critical infrastructure and services in order to position the city as a competitive hub by 2016,” said a World Bank press release on Thursday.

The project lays the foundations for a long-term partnership with Sri Lanka. The bank’s support will reflect in the Country Partnership Strategy, said officials of the World Bank.

Colombo city is the international gateway to Sri Lanka, producing almost 50 per cent of the GDP of the island, the press release further said.

It is not merely 50 per cent of the GDP. More than 50 per cent of the elite are Colombo-centric in thinking and even the remaining are made to depend on it. These are largely the impediments that permanently keep the Eezham Tamils a subjugated nation in the island. While the US money further fortifies the Colombo-centric system, the US-resolution at Geneva on implementing the LLRC recommendations wants to bind the Eezham Tamils to the unitary constitution of Colombo. From politicians to NGOs there are many who pose themselves as the articulating section of Eezham Tamils without being able to come out of the cocoon of Colombo. How will they have the guts to challenge the duplicity of the US, commented a social activist in Jaffna.


Chronology:


External Links:
Worldbank:  World Bank Approves its First IBRD Loan of US$213 Million to Sri Lanka to Support the Colombo Urban Development Program

 

Latest 15 Reports
 
Find this article at:
http://www.tamilnet.com/art.html?catid=79&artid=35018