NEW DELHI: The economic crisis Sri Lanka finds itself in was in the making for over a decade or so. Although the LTTE war ended in 2009, the country’s internal and external finances never improved due to the lack of required policy reforms, says Dr. Sirimal Abeyratne, Professor of Economics at the University of Colombo. […]Read More
Tainting its unblemished track record of timely servicing its external financing obligations ever since it gained independence, the Sri Lankan Government has announced that it is suspending servicing of selected debts amidst the worst economic crisis the country has ever endured. With international media reports having mentioned that it is only a matter of time […]Read More
Despite the continuous deterioration of the Sri Lankan economy, the upcoming meeting at the end of the month with the International Monetary Fund (IMF) to secure an IMF programme and the impending maturity of the $1 billion international sovereign bond (ISB) issuance in July, the post of Finance Minister remains vacant following the resignation of […]Read More
A day after being made Sri Lanka’s Finance Minister, Ali Sabry has resigned. In a letter addressed to President Gotabaya Rajapaksa, Sabry said he was willing to quit his parliamentary seat if the President wishes to appoint a non-parliamentarian as Finance Minister. In the letter dated April 5 sent to the President, which was seen […]Read More
NEW DELHI: As Sri Lanka goes through its worst economic crisis, one of the contributors to the current turmoil is the drying up of remittances by expatriate Sri Lankans, partly due to the cascading effects of Covid-19. But there is a political angle to this as well and that’s holding up remittances even now, says […]Read More
NEW DELHI: Sri Lanka’s long pending debt crisis finally blew up taking the government with it. At the time of writing this, Sri Lanka’s President Gotabaya Rajapaksa is reconstituting his council of ministers with no decision yet on a prime minister who will replace Mahinda Rajapaksa. The governing coalition could see the exit of the […]Read More
COLOMBO: On ‘The Gist‘, Direct From Colombo, Nitin A. Gokhale, Founder and Editor-in-Chief StratNews Global and BharatShakti in conversation with Associate Editor Amitabh P. Revi. Skyrocketing inflation, weak government finances, ill-timed tax cuts and the Covid-19 pandemic, which hurt the important revenue-generating tourism industry and foreign remittances, have wreaked havoc on the Sri Lankan economy […]Read More
NEW DELHI: There has been no pressure whatsoever from India regarding solving issues faced by Tamils in Sri Lanka’s northern provinces, says Foreign Minister GL Peiris, who is currently on a three-day visit to India. Speaking to StratNews Global Editor-in-Chief Nitin A. Gokhale shortly after landing here, Peiris explained that the problem was more due […]Read More
COLOMBO: During Chinese Foreign Minister Wang Yi’s visit, Sri Lanka and China signed four agreements; namely an agreement on Economic and Technical Co-operation, the Letter of Exchange on the project of 2,000 subsidised housing units for the low-income category in Colombo, the Handover Certificate of the Technical Cooperation Project for the Bandaranaike Memorial International Conference […]Read More
NEW DELHI: Ending decades of uncertainty, India has firmed up its role in a strategic project in Sri Lanka that had been hanging fire since the Indo-Lanka Accord of 1987. After the Sri Lankan Cabinet gave its approval earlier this week, Lanka IOC, Ceylon Petroleum Corporation (CPC) and the Sri Lankan government have signed three […]Read More
A Guide To Contemporary China
Central Asia Turning Point: Russia-Ukraine War, China Footprint, India Partnership, Afghanistan Flux
‘Indian Economy Very Resilient, Can Grow At 9% This Fiscal’
Labour Victory In Australia Could See Re-balance In Favour Of China
‘Next 12 Months Will Be Very Turbulent For The World Economy’
Russian Energy Calculus And The Western Duplicity
‘Western Imagination Failure That Russia Wanted To Finish Ops In Days, Change Ukraine Government’
Should India Buy Heavily Discounted Russian Oil, Energy Assets Of Exiting Western Companies?
Expect Full-Throttle Pushback By Russia & China Against Quad: Vijay Gokhale
Can’t Follow LAC Protocols Selectively: Army Chief On India-China Standoff© 2022, SNG. All rights reserved
