Calls for divestment from BlackRock and other International Sovereign Bonds (ISB), have echoed across Columbia, Yale and many non-Ivy League universities in the United States recently. BlackRock is heavily invested…
Sri Lanka’s economic crisis has worsened due to IMF deals, causing social unrest, unemployment, poverty, and food insecurity, and posing significant challenges for its people. The International Monetary Fund (IMF)…
With the world distracted by kinetic wars in Ukraine and Gaza, a hybrid economic proxy war against the Global South and China’s Belt and Road Initiative (BRI), for global connectivity…
With the wisdom of hindsight, the Root Causes of Sri Lanka’s first ever Sovereign Default, staged three years ago on the eve of 75 years of ‘Independence’ from the British…
An International Monetary Fund (IMF), team was in Sri Lanka from September 14-to 27 to discuss economic and financial policies and conduct the First Review of the Extended Fund Facility…
The recent statements of President Ranil Wickramasinghe and Foreign Minister Ali Sabry expose and confirm the financial, political, and economic bankruptcy of Sri Lanka even admitted by the leaders and…
Over the past decade, the Sri Lankan government has borrowed vast sums of money from foreign lenders to fund public services. Sri Lanka had to fall back on its foreign…
Buenos Aires was rocked again last week by massive protests against austerity measures imposed by the International Monetary Fund (IMF). Structural reforms with austerity have resulted in soaring inflation, currency…
The alarm bells had been ringing for some time in Sri Lanka. The island nation is strategically located at the center of the Indian Ocean on the busiest trade and…
[This article is based on the discussions with activists of the Janatha Aragalaya and concerned Sri Lankan citizens. It is a humble contribution towards ongoing debates within the movement. As…
The massive debt crisis has affected the lives of nearly all classes in the society, specially the poor and middle, in Sri Lanka is not new. The loans given lead…
Sri Lankans had been protesting for months over the country's economic crisis that has led to a severe shortage of many essential imported items like medicines, fuel and cooking gas.…
Sri Lanka’s unprecedented economic and political crisis has created new kinds of solidarities among citizens, as they try and help each other ride through fuel and food shortages in the…
To quote Ahilan Kadirgamar, a political economist at the University of Jaffna, Sri Lanka, the uprising is “a revolt and not yet a revolution, because it doesn’t want to change…
People following the 2022 Sri Lanka political-economy crisis will be able to decipher that the two are closely linked. Political eruptions in Sri Lanka since April have usually followed intense…
Sri Lanka's former president Gotabaya Rajapaksa is expected to return to the country from Singapore, a Sri Lankan lawmaker says. Cabinet spokesperson Bandula Gunawardena told reporters on Tuesday that G…
(This article is based on a talk delivered at the online session organised by International Solidarity with the People’s Movement in Sri Lanka on a 23.07.2022) The people’s movement in…
“But to watch cricket, there has to be a country left for us to watch it in, no?” A fan at the Galle Test Match that ended with an innings…
The Coalition for Economic Democracy in Sri Lanka (CEDSL) is a group of concerned academics, activists, agricultural, fisheries and industrial workers, students, business persons, trade unionists, and professionals based ‘in…
Sri Lanka was braced for more unrest after newly appointed president Ranil Wickremesinghe vowed to crack down on the protests that toppled his predecessor, condemning them as “against the law”.…
The mighty nationalist leaders from the Rajapaksa family in Sri Lanka looked helpless and cowardly when he was humiliated at the airport as he tried to flee abroad to protect…
Sri Lankan protesters have vowed to continue their struggle for a complete change of the system by abolishing the presidency, as the popular uprising that ousted Gotabaya Rajapaksa as president…
Sri Lanka politicians are trying to settle popular unrest as parliament plans to meet tomorrow after the official resignation of President Gotabaya Rajapaksa was made today. Speaker Mahinda Yapa Abeywardena…
Sri Lanka’s opposition parties are trying to cobble together an all-party government and pick candidates who can take over after President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe agreed to…
Sri Lanka’s opposition political parties are trying to agree on a new government a day after the country’s president and prime minister offered to resign in the country’s most chaotic day in…
A UN survey entitled “Humanitarian Needs and Priorities—Food Security Crisis Sri Lanka” issued on June 9 painted a tragic picture of the social devastation being inflicted on workers and the…
Letter to the Prime Minister on involving the CPSEs with a good track record in investing in Sri Lanka in the context of the economic crisis faced by that country…
by Dr. Prashant Kumar Choudhary and Madhubrota Chatterjee Sri Lanka is facing its worst economic crisis in the past fifty years; its economy has registered the lowest GDP per capita…
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