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Sri Lanka's opposition leader says the rich will pay more if he becomes president next week

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Sri Lanka's opposition leader says the rich will pay more if he becomes president next week

COLOMBO, Sri Lanka (AP) — Sri Lanka’s opposition leader contesting the presidential election next week said Thursday that if he comes to power he will renegotiate with the International Monetary Fund the 2022 economic reforms package to ensure that the rich pay more taxes and the poor see their conditions improve. The reforms were introduced after Sri Lanka defaulted on its foreign debt creating the worst economic crisis in its history.

Sajith Premadasa, the opposition leader in Parliament told The Associated Press in an interview that his party has already started discussions with the IMF to find ways to ease the tax burden on the people.

“We will be embarking on the third path, the middle path, the path is where wealth is created, the country grows and the wealth is equitably distributed,” Premadasa said.

He said there needs to be “fundamental changes” to the current agreement between the IMF and Sri Lanka’s government but those should be in a more “humanistic manner” to ensure that the burden on the people is lessened.

“And if there are burdens that have to be imposed, the super-rich and the rich have to disproportionately take a bigger share of the burden rather than the working men and women of Sri Lanka.”

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Sri Lanka is in the middle of reforms and a debt restructuring program under an IMF agreement whereby taxes have been increased to boost state revenue. After the island nation defaulted on its foreign debt in 2022, borrowing was reduced and the printing of new currency notes was stopped by law.

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The opposition parties say however that many of the wealthy and those with connections with the authorities don’t pay their taxes and the burden is borne by the middle classes and the poor through income taxes and value-added tax on goods and services.

The presidential election on September 21 is seen as a referendum on the reforms initiated by President Ranil Wickremesinghe. They have improved key economic figures, but their effects have yet to reach many ordinary people.

Premadasa criticized Wickremesinghe’s economic policies saying that he is trying to find solutions through contraction. Premadasa said his policy is to “grow out of the problem” through an export-oriented, knowledge-based economy.

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Premadasa, 57, is the son of a former president late Ranasinghe Premadasa who was assassinated by an ethnic Tamil separatist suicide bomber in 1993.

He also contested the presidential election in 2019 and lost to Gotabaya Rajapaksa, who was forced to flee after two years amid angry protests against the country’s economic meltdown.

Unsustainable debt, a severe balance of payments crisis, the effects of the COVID-19 pandemic, and the government’s spending of scarce foreign reserves to prop up the country’s currency, the rupee, led to a severe shortage of foreign currency and essentials such as fuel, medicine, cooking gas and food in 2022.

It sparked riots, forcing Rajapaksa to flee the country and later resign. Sri Lanka’s parliament elected Wickremesinghe as president to cover Rajapaksa’s remaining time.

Wickremesinghe is also contesting the election and is seeking approval for his economic agenda, promising rapid growth with an ambitious target of making Sri Lanka a developed nation by the centenary of its independence in 2048.

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Inflation dropped to 0.5% last month from 70% two years ago under Wickremesinghe’s administration. Interest rates have also come down, the rupee has rebounded, and foreign currency reserves have increased. Creditor countries such as India, Japan and France have agreed to defer debt repayments until 2028, giving the island nation space to rebuild its economy.

But professionals have been complaining of high taxes and all especially the poor have been affected by high living costs.

Premadasa is one of the three leading candidates, from a total of 38, and is supported by many ethnic and religious minority groups.

Premadasa said that he would prosecute those in the Rajapaksa administration who ordered cremating the dead bodies of Muslim COVID-19 victims, ignoring their religious sentiments at the height of the pandemic and pay compensation to their families.

Authorities then had mandated cremation of the COVID-19 victims citing health and soil experts who had cautioned that the deadly virus could contaminate ground water.

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Premadasa however called it a “racist policy.”

Premadasa also said that he would allow maximum devolution of power to the ethnic Tamil majority in the northern and eastern provinces, a long-standing demand from the community. He also promised to call an international donor conference to help rebuild areas affected by a 26-year separatist civil war in those provinces.

The war killed at least 100,000 people.

Premadasa also said he would bring closure to the issue of forcible disappearances and those who went missing in action.

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Map: 6.4-Magnitude Earthquake Shakes the Philippine Sea

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Map: 6.4-Magnitude Earthquake Shakes the Philippine Sea

Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown.  All times on the map are Philippine time. The New York Times

A strong, 6.4-magnitude earthquake struck in the Philippine Sea on Wednesday, according to the United States Geological Survey.

The temblor happened at 11:02 a.m. Philippine time about 17 miles east of Santiago, Philippines, data from the agency shows.

U.S.G.S. data earlier reported that the magnitude was 6.7.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

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Aftershocks in the region

An aftershock is usually a smaller earthquake that follows a larger one in the same general area. Aftershocks are typically minor adjustments along the portion of a fault that slipped at the time of the initial earthquake.

Quakes and aftershocks within 100 miles

Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Philippine time. Shake data is as of Tuesday, Jan. 6 at 10:16 p.m. Eastern. Aftershocks data is as of Wednesday, Jan. 7 at 12:18 a.m. Eastern.

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Maps: Daylight (urban areas); MapLibre (map rendering); Natural Earth (roads, labels, terrain); Protomaps (map tiles)

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Pope Leo calls for Christians to treat foreigners with kindness as he closes Catholic Holy Year

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Pope Leo calls for Christians to treat foreigners with kindness as he closes Catholic Holy Year

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Pope Leo XIV closed the Catholic Church’s Holy Year on Tuesday by urging Christians around the world to help people in need and treat foreigners with kindness.

Leo, who has repeatedly stressed the importance of caring for immigrants during his papacy thus far, said at a Vatican ceremony that the record 33.5 million pilgrims who visited Rome during the Holy Year should have learned not to treat people as mere “products.”

“Around us, a distorted economy tries to profit from everything,” Leo said. “After this year, will we be better able to recognize a pilgrim in the visitor, a seeker in the stranger, a neighbor in the foreigner?”

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Pope Leo XIV closed the Catholic Church’s Holy Year by urging Christians around the world to help people in need and treat foreigners with kindness. (David Ramos/Getty Images)

Holy years, or jubilees, typically happen every 25 years, considered to be a time of peace, forgiveness and pardon. Pilgrims to Rome can enter special “Holy Doors” at four Rome basilicas and attend papal audiences throughout the year.

Leo shut the special bronze door at St. Peter’s Basilica on Tuesday morning, which officially marked the end of the Holy Year.

The next Holy Year is not expected before 2033, when the Catholic Church may hold a special one to mark 2,000 years since the death of Jesus.

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Pope Leo XIV said the record pilgrims who visited Rome during the Holy Year should have learned not to treat people as mere “products.” (Alberto PIZZOLI / AFP via Getty Images))

On Monday, the Vatican and Italian officials said pilgrims to Rome for the 2025 jubilee came from 185 countries, with the majority from Italy, the U.S., Spain, Brazil and Poland.

The 2025 jubilee was opened by the late Pope Francis, who died in April, and closed by Leo, who was elected in May, making him the first American pope.

It was a historical rarity not seen in 300 years for it to be opened by one pope and closed by another. The last jubilee held under two different popes was in the year 1700, when Innocent XII opened the Holy Year that was then closed by Clement XI.

Pope Leo XIV shut the special bronze door at St. Peter’s Basilica on Tuesday morning, which officially marked the end of the Holy Year. (Gregorio Borgia/AP)

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Leo, who has promised to keep Francis’ signature policies such as welcoming gay Catholics and discussing women’s ordination, echoed his predecessor’s frequent criticisms of the global economic system during his remarks on Tuesday.

The markets “turn human yearnings of seeking, traveling and beginning again into a mere business,” Leo said.

Reuters contributed to this report.

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How strong are Latin America’s military forces, as they face US threats?

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How strong are Latin America’s military forces, as they face US threats?

Over the weekend, the United States carried out a large-scale military strike against Venezuela and abducted President Nicolas Maduro in a major escalation that sent shockwaves across Latin America.

On Monday morning, US President Donald Trump doubled down, threatening action against the governments of Colombia, Cuba and Mexico unless they “get their act together”, claiming he is countering drug trafficking and securing US interests in the Western Hemisphere.

The remarks revive deep tensions over US interference in Latin America. Many of the governments targeted by Trump have little appetite for Washington’s involvement, but their armed forces lack the capacity to keep the US at arm’s length.

US President Donald Trump issues warnings to Colombia, Cuba and Mexico while speaking to reporters on Air Force One while returning from his Florida estate to Washington, DC, on January 4, 2026 [Jonathan Ernst/Reuters]

Latin America’s military capabilities

The US has the strongest military in the world and spends more on its military than the total budgets of the next 10 largest military spenders combined. In 2025, the US defence budget was $895bn, roughly 3.1 percent of its gross domestic product.

According to the 2025 Global Firepower rankings, Brazil has the most powerful military in Latin America and is ranked 11th globally.

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Mexico ranks 32nd globally, Colombia 46th, Venezuela 50th and Cuba 67th. All of these countries are significantly below the US military in all metrics, including the number of active personnel, military aircraft, combat tanks, naval assets and their military budgets.

In a standard war involving tanks, planes and naval power, the US maintains overwhelming superiority.

The only notable metric that these countries have over the US is their paramilitary forces, which operate alongside the regular armed forces, often using asymmetrical warfare and unconventional tactics against conventional military strategies.

INTERACTIVE - Latin America military capabilities - JAN6, 2026-1767695033
(Al Jazeera)

Paramilitaries across Latin America

Several Latin American countries have long histories of paramilitary and irregular armed groups that have often played a role in the internal security of these countries. These groups are typically armed, organised and politically influential but operate outside the regular military chain of command.

Cuba has the world’s third largest paramilitary force, made up of more than 1.14 million members, as reported by Global Firepower. These groups include state-controlled militias and neighbourhood defence committees. The largest of these, the Territorial Troops Militia, serves as a civilian reserve aimed at assisting the regular army against external threats or during internal crises.

In Venezuela, members of pro-government armed civilian groups known as “colectivos” have been accused of enforcing political control and intimidating opponents. Although not formally part of the armed forces, they are widely seen as operating with state tolerance or support, particularly during periods of unrest under Maduro.

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In Colombia, right-wing paramilitary groups emerged in the 1980s to fight left-wing rebels. Although officially demobilised in the mid-2000s, many later re-emerged as criminal or neo-paramilitary organisations, remaining active in rural areas. The earliest groups were organised with the involvement of the Colombian military following guidance from US counterinsurgency advisers during the Cold War.

In Mexico, heavily armed drug cartels function as de facto paramilitary forces. Groups such as the Zetas, originally formed by former soldiers, possess military-grade weapons and exercise territorial control, often outgunning local police and challenging the state’s authority. The Mexican military has increasingly been deployed in law enforcement roles in response.

History of US interference in Latin America

Over the past two centuries, the US has repeatedly interfered in Latin America.

In the late 19th and early 20th centuries, the so-called Banana Wars saw US forces deployed across Central America to protect corporate interests.

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In 1934, President Franklin D Roosevelt introduced the “Good Neighbor Policy”, pledging nonintervention.

Yet during the Cold War, the US financed operations to overthrow elected governments, often coordinated by the CIA, founded in 1947.

Panama is the only Latin American country the US has formally invaded, which occurred in 1989 under President George HW Bush. “Operation Just Cause” ostensibly was aimed at removing President Manuel Noriega, who was later convicted of drug trafficking and other offences.

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