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Sri Lanka debt crisis

Can Foreign Lenders Curb South Asia’s Infrastructure Corruption?

Can Foreign Lenders Curb South Asia’s Infrastructure Corruption?

By Bulani Weerawardane and Malinda Meegoda
As Sri Lanka’s case shows, the infrastructure dilemma of developing countries is not just about financing but about governance. 

Sri Lanka’s New President Is More a Pragmatist Than a Marxist

Sri Lanka’s New President Is More a Pragmatist Than a Marxist

By Umesh Moramudali
Anura Kumara Dissanayake is well aware that his handling of Sri Lanka’s vulnerable economy will determine his political future.
Sri Lanka Reaches Debt Restructuring Deal With Bilateral Creditors, Including China and India

Sri Lanka Reaches Debt Restructuring Deal With Bilateral Creditors, Including China and India

By Bharatha Mallawarachi
The deal is expected to reopen the doors to bilateral transactions and the resumption of foreign projects that stalled when the island nation defaulted.

A Tale of 3 Nations: Debt Restructuring in Ghana, Zambia, and Sri Lanka

A Tale of 3 Nations: Debt Restructuring in Ghana, Zambia, and Sri Lanka

By Dilmini Hasintha Abeyrathne
What three different countries can tell us about the global debt problem – and China’s role in both debt distress and debt relief.

Can Sri Lanka Afford to Go Green?

Can Sri Lanka Afford to Go Green?

By Michael Iveson
Sri Lanka will not fulfill its renewable energy commitments under current economic conditions. But what if the government could simultaneously tackle its climate, energy, and debt crises?

What’s Driving Taiwan’s Mass Protests?
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What’s Driving Taiwan’s Mass Protests?

India as a Lender of Last Resort

India as a Lender of Last Resort

By Thilina Panduwawala
Sri Lanka’s 2022 crisis highlighted the potential for India to play an expanded economic role in the region, especially given China’s inaction.

What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka? 

What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka? 

By Michael Iveson
The IMF’s $2.9 billion EFF program lays out major structural reforms required to restore long-term macroeconomic stability in Sri Lanka. 
The Real Cause of Sri Lanka’s Debt Trap

The Real Cause of Sri Lanka’s Debt Trap

By Bram Nicholas and Shiran Illanperuma
Sri Lanka’s default highlights the dangers of relying on international sovereign bonds – with high interest rates – to fund development.

Demystifying China’s Role in Sri Lanka’s Debt Restructuring

Demystifying China’s Role in Sri Lanka’s Debt Restructuring

By Umesh Moramudali and Thilina Panduwawala
Sri Lanka’s debt restructuring is deeply embedded both within a global emerging market debt crisis and a moment of rethinking within China about its global role as a creditor. 

Is China to Blame for Sri Lanka’s Debt Woes?

Is China to Blame for Sri Lanka’s Debt Woes?

By Ivory Kairo
China's role in lending to Sri Lanka has expanded in the last 20 years, but fewer Chinese loans would not have saved the country from its current economic crisis.

Understanding China’s Role in Sri Lanka’s Debt Restructuring Efforts

Understanding China’s Role in Sri Lanka’s Debt Restructuring Efforts

By Aquilah Latiff and Anushka Wijesinha
China's general approach to debt distress is to seek bespoke negotiations and preferential treatment – something that Sri Lanka must avoid at all costs.
Sri Lanka’s Future May Not Be All That Bleak

Sri Lanka’s Future May Not Be All That Bleak

By Luke Hunt
A conversation with economist Ganeshan Wignaraja.

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