Tag
Sri Lanka economy
Sri Lanka’s 2025 Budget: Balancing IMF Commitments and Domestic Priorities
By Tharindu Udayanga Kamburawala
The 2025 budget – the first under President Anura Kumara Dissanayake – reveals a delicate balancing act between adhering to IMF mandates and addressing domestic economic realities.
Beyond Debt: China-Sri Lanka Economic Relations in a New Era
By Umesh Moramudali and Yunnan Chen
How will Colombo's economic relations with Beijing proceed in the post-default era?
Rumble in Colombo: Sri Lanka’s Election Surprise
By Tushar Shetty
Uditha Devapriya and Umesh Moramudali on Sri Lanka’s ongoing political realignment.
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.
Sajith Premadasa Says the Rich Will Pay More If He Becomes Sri Lanka’s President
By Krishan Francis
He has said that if he wins the presidential election, his government will renegotiate the terms of the IMF loan so that the lives of the poor improve.
Sri Lanka’s Many IMF Programs: What’s Changed and What Hasn’t
By Tharindu Udayanga Kamburawala
Comparing the similarities and differences in Sri Lanka’s five latest agreements with the IMF highlights the country’s economic trajectory since 2001.
Debt-stricken Sri Lanka Signs a Free Trade Pact With Thailand
By Bharatha Mallawarachi
The two countries have agreed to promote investment in areas such as fisheries, food processing, tourism, and green energy.
Is Sri Lanka’s Wickremesinghe Pivoting to China?
By Rathindra Kuruwita
A deal with Huawei Technologies, which is blacklisted in the United States, is unlikely to please the Americans.
India’s Foreign Policy Progress in Sri Lanka is a Strategic Setback for China
By Mark S. Cogan
Since an economic crisis hit the country last year, New Delhi has reminded Colombo who its real friends are.
1 Year Later, Sri Lanka’s Struggle Continues
By Tasnim Nazeer
On the first anniversary of the people’s uprising, the spirit of dissent among Sri Lankan citizens remains strong.
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
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.
China Should Rethink Its Position on Debt
By Sarah Saadoun
China has lent over $1 trillion to more than 150 countries as part of its Belt and Road Initiative, making it the world’s largest official creditor.
Sri Lankan Leader Appeals for Patience Amid Economic Crisis
By Krishan Francis
Government doctors, university teachers, and other workers from ports and the power and petroleum sectors are calling on the government to lower income taxes.
Sri Lanka’s Steep Climb Out of the Economic Abyss
By Luke Hunt
Colombo is still waiting on Beijing’s approval for debt restructuring.
Sri Lanka’s Tourism Industry Revives Despite Public Protests
By Arundathie Abeysinghe
Tourist numbers are rebounding after the worst of the financial crisis, but are still nowhere near government aspirations.
Protests Against Sri Lankan President a Flop Show
By Rathindra Kuruwita
Low turnout at the protests indicates that Sri Lankans are giving the Ranil Wickremesinghe administration a chance to deliver.
Sri Lanka’s Story of Sovereign Default
By Umesh Moramudali
How did Sri Lanka’s economic crisis get so bad – and how can the country move forward from here?
How Sri Lanka Can Overcome Its Economic Crisis
By Talal Rafi and Sirimal Abeyratne
The government should take advantage of the crisis to do things that it could never attempt before, from addressing regressive subsidies to restructuring state-owned enterprises.
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
By Talal Rafi
These loss-making entities are a huge drain on government coffers. It's time to think about privatization in some cases.
Sri Lanka’s New President Cracks Down on Protests as Challenges Mount
By Luke Hunt
Ranil Wickremesinghe's use of troops to dismantle protest camps in Colombo sends out a chilling message.
Sri Lanka’s Future May Not Be All That Bleak
By Luke Hunt
A conversation with economist Ganeshan Wignaraja.
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.
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