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Sri Lanka economy

Sri Lanka’s Crisis Cripples Once Burgeoning Middle Class
June 22, 2022

Sri Lanka’s Crisis Cripples Once Burgeoning Middle Class

By Krutika Pathi and Bharatha Mallawarachi
Families that never had to worry about food or fuel are now cutting back on meals and eating less.

Sri Lanka Is on the Brink of Bankruptcy
May 04, 2022

Sri Lanka Is on the Brink of Bankruptcy

By Bharatha Mallawarachi
The island's usable foreign reserves are now down to less than $50 million.
India Reaps Economic Gains From Sri Lanka’s Crisis
April 27, 2022

India Reaps Economic Gains From Sri Lanka’s Crisis

By Arundathie Abeysinghe
Sri Lanka’s apparel and tea industries are seeing orders diverted to India amid shortages and unrest.

Sri Lanka Imposes Power Cuts as Cash Crisis Deepens
February 23, 2022

Sri Lanka Imposes Power Cuts as Cash Crisis Deepens

By Bharatha Mallawarachi
A currency crunch has hindered imports of fuel and other essentials from overseas, including milk powder, cooking gas, and petrol.

Sri Lanka’s Foreign Debt Crisis Could Get Critical in 2021
February 09, 2021

Sri Lanka’s Foreign Debt Crisis Could Get Critical in 2021

By Umesh Moramudali
Sri Lanka’s debt problem has deep roots. How bad things can get in 2021?

Sri Lanka’s Changing Relationship to Chinese Loans
October 23, 2020

Sri Lanka’s Changing Relationship to Chinese Loans

By Umesh Moramudali
Both the share and the type of loans from China are changing as Sri Lanka wrestles with persistent balance of payment issues.

Sri Lanka’s Uneven Reconstruction
November 07, 2019

Sri Lanka’s Uneven Reconstruction

By Umesh Moramudali
Nearly a decade after the civil war ended, war-affected provinces still lag behind the rest of the country economically.
Against the Tide: The Growth of China-Sri Lanka Trade
August 01, 2019

Against the Tide: The Growth of China-Sri Lanka Trade

By Umesh Moramudali
Chinese trade with the island nation is booming even while Indian trade seems stuck.

Easter Bombings Damaged Sri Lanka Economy Beyond Tourism
July 31, 2019

Easter Bombings Damaged Sri Lanka Economy Beyond Tourism

By Bharatha Mallawarachi
While a huge share of job losses were in the tourism sector, they've rippled through many other industries.

Is Sri Lanka Really a Victim of China’s ‘Debt Trap’? 
May 14, 2019

Is Sri Lanka Really a Victim of China’s ‘Debt Trap’? 

By Umesh Moramudali
Sri Lanka’s debt crisis and Chinese loans – separating myth from reality.

China in South Asia: Loan Shark or Lender of Last Resort?
May 06, 2019

China in South Asia: Loan Shark or Lender of Last Resort?

By Akhil Ramesh
Is it accurate to characterize China’s lending practices in South Asia as predatory?
What Sri Lanka’s 2019 Budget Tells Us About Its Economic Health
March 27, 2019

What Sri Lanka’s 2019 Budget Tells Us About Its Economic Health

By Umesh Moramudali
In the aftermath of political turmoil, Sri Lanka’s government will be hard-pressed to manage debt and growth in 2019.

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