Human Rights Watch warns SL at brink of humanitarian crisis

• Opines crisis may worsen with no action from foreign creditors
• Calls on major creditors to help restructure Sri Lanka’s debts
• Emphasises Ranil Wickremesinghe administration must respect fundamental rights

The New York-based human rights watchdog, Human Rights Watch warned that the economic situation in Sri Lanka could deteriorate rapidly without action by foreign creditors, putting the basic needs of millions of people in further jeopardy. In a report by HRW South Asia Director Meenakshi Ganguly suggested that to stabilise the economy, international creditors should agree to restructure Sri Lanka’s debt so the country can secure final approval for an International Monetary Fund (IMF) loan and financing from other global agencies, it added.

“Sri Lanka’s major foreign creditors, including China, Japan, and India, should urgently mitigate the adverse human rights impacts of the economic crisis. The IMF should use its procedures to make needed funds available as soon as possible, putting into place safeguards to protect people’s economic and social rights,” it said.

In April, Sri Lanka defaulted on over $ 50 billion in debts to international creditors. In September, it reached a staff-level agreement with the IMF for a four-year, $ 2.9 billion bailout. 

The first tranche of that bailout would ease the crippling shortage of foreign exchange and unlock access to other funding, including from the World Bank and Asian Development Bank, which cannot provide new funding until the IMF agreement is completed.

The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans, the economic crisis is worse than ever.

In addition, the report emphasised that the Ranil Wickremesinghe administration should respect fundamental rights, including peaceful protest, it added.

“Without respect for human rights, including the right to peacefully protest, Sri Lankans cannot hold politicians accountable, whether for mismanagement or corruption,” the report emphasised. 

It also noted that Sri Lanka’s international partners, including the United States and European Union, pressure the Government to fulfil its human rights obligations as an essential step towards addressing the crisis.

This month, the United Nations renewed a humanitarian appeal, stating that 28% of the population faces food insecurity and that the poverty rate this year has doubled.

“Food price inflation was over 85% in October, and acute shortages of foreign currency mean that many imports, including essential medicines, are scarce or unobtainable,” it added. 

Meanwhile, authorities have cracked down on peaceful protests. President Ranil Wickremasinghe has suppressed demonstrations and has used the notorious Prevention of Terrorism Act (PTA) to detain student activists. Wickremasinghe has even warned that he will again declare a state of emergency and deploy security forces in the event of major protests, said Human Rights Watch.