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Sri Lanka economic crisis

Is China to Blame for Sri Lanka’s Debt Woes?
August 10, 2022

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.

Sri Lanka Leader Proposes 25-year Plan for Crisis-hit Nation
August 03, 2022

Sri Lanka Leader Proposes 25-year Plan for Crisis-hit Nation

By Krishan Francis
Wickremesinghe said the government's aim is to create a surplus in the primary budget by the year 2025 and to bring down public debt.
Sri Lanka’s State-Owned Enterprises Are a Big Part of Its Economic Problems
July 27, 2022

Sri Lanka’s State-Owned Enterprises Are a Big Part of Its Economic Problems

By Talal Rafi
These loss-making entities are a huge drain on government coffers. It's time to think about privatization in some cases.

Is Pakistan the Next Sri Lanka?
July 23, 2022

Is Pakistan the Next Sri Lanka?

By Muhammad Akbar Notezai
Pakistan’s own economic crisis has sparked worried comparisons to the disaster unfolding in nearby Sri Lanka.

The Deep Roots of Sri Lanka’s Economic Crisis
July 15, 2022

The Deep Roots of Sri Lanka’s Economic Crisis

By Talal Rafi and Brian Wong
The economic crisis was made at home, a result of structural political and economic weaknesses. Any solutions have to start there.

As Sri Lanka’s Economy Unravels, a Crude Awakening
July 12, 2022

As Sri Lanka’s Economy Unravels, a Crude Awakening

By Luke Hunt
Gotabaya Rajapaksa has stepped down, but the task of cleaning up the country's economic mess has only just begun.

The Rajapaksa Regime Is Gone. What Next for Sri Lanka?
July 12, 2022

The Rajapaksa Regime Is Gone. What Next for Sri Lanka?

By P.K. Balachandran
“Gota” is finally gone, but ending Sri Lanka’s chronic instability will be an even harder task than ousting the Rajapaksas.
Sri Lankans Storm President’s House, Office in Biggest Rally Yet
July 09, 2022

Sri Lankans Storm President’s House, Office in Biggest Rally Yet

By Krishan Francis
Protesters had successfully demanded the prime minister’s resignation, but they want his brother gone from the presidency as well.

Economic Crisis Forces Sri Lanka to Shed Fears and Move Closer to US, Middle East
July 06, 2022

Economic Crisis Forces Sri Lanka to Shed Fears and Move Closer to US, Middle East

By P.K. Balachandran
Sri Lanka has accepted a USAID project to promote “productive democratic governance” and is seeking fuel on credit from Middle East.

Sri Lanka Sends 2 Ministers to Russia to Negotiate for Oil
June 27, 2022

Sri Lanka Sends 2 Ministers to Russia to Negotiate for Oil

By Bharatha Mallawarachi
It comes amid a high-level U.S. delegation’s visit to Sri Lanka to help it cope with the unprecedented economic crisis.

India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China
June 25, 2022

India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

By P.K. Balachandran
By offering support during Colombo’s economic collapse, India has widened its footprint in Sri Lanka after a decade of losing ground to China.
Michael Kugelman on South Asia’s Overlapping Crises
June 01, 2022

Michael Kugelman on South Asia’s Overlapping Crises

By Shannon Tiezzi
“Pakistan and Sri Lanka have experienced the most political tumult in South Asia, and in both cases it’s been driven by economic stress.”

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