Posts Categorized: Economy

Sri Lanka Turns to China Rather than IMF

To avoid default Relations with US-led multilateral lender strained by past misadventures by Marwaan Macan-Markar, Nikkei Asia, October 12, 2020  Sri Lanka’s government led by President Gotabaya Rajapaksa desperately needs cash to service over $15 billion in foreign debt. (Source photos by Reuters)  COLOMBO — Sri Lanka’s ultranationalist government looks set to receive a financial lifeline from China… Read more »

In Sri Lanka, a People Living Off Borrowed Money

by Meera Srinivasan, The Hindu, Chennai, August 22, 2020 As Sri Lanka struggles with outstanding foreign debt, rural households across the country have been living off borrowings after exhausting their savings. Meera Srinivasan reports on how those already struggling with severe economic hardships are now grappling with a pandemic-induced crisis After doing seven jobs in the last three years in and around Colombo,… Read more »

The Centrality of Devolution in Development

by Meera Srinivasan, The Hindu, Chennai, August 17, 2020 In Sri Lanka, the Tamil people’s political and economic aspirations must not be separated The outcome of Sri Lanka’s August 5 general election had few surprises. The Rajapaksa family is decisively at the country’s helm for the next five years. The fragmented political opposition is struggling to come… Read more »

The Role of Civilians and Civil Society in Preventing Mass Atrocities

by Congo Research Group, Anushani Alagarajah, Dharsha Jegatheeswaran, and Laxana Paskaran, Adayaalam Centre for Policy Research, Nyathon H. Mai, The Sudd Institute, Zachariah Mampilly with Daniel Solomon, US Holocaust Memorial Museum, July 21, 2020 Preventing Atrocities in a State Unwilling to Address its Past by Anushani Alagarajah, Dharsha Jegatheeswaran, and Laxana Paskaran, Adayaalam Centre for… Read more »

SL State Continues Mega ‘Development’ Crime in Mannaar

Amidst COVID-19 curfew by TamilNet, May 7, 2020 Hundreds of Sinhala workers from South and Indian subcontractors are roaming free in Mannaar, between Oalaith-thoduvaay and Thoadda-ve’li, where Tamil villagers are struggling to cope with their livelihood due to COVID-19 curfew. Millionaire investors from the South and the occupying SL State abetted by Asian Development Bank,… Read more »

Sinhalization of the North-East: Seruwila-Verugal

by People for Equality and Relief in Lanka (PEARL), March 12, 2020 PEARL is launching the 3rd installment of its “Sinhalization of the North-East” series, this time focusing on Seruwila-Verugal. This series examines the scope and impact of the state-sponsored Sinhalization and militarization of the traditional Tamil homeland. The Trincomalee District is a historically majority… Read more »

OEF: Bay of Bengal Study

Notes development disparity between North-East and South by TamilNet, March 19, 2020 https://stableseas.org/publications/stable-seas-bay-bengal-maritime-security All the successive regimes in Colombo have focused on improving the economy of the Sinhala South after the onslaught on Eezham Tamils in 2009. The Sri Lankan State, which deploys ‘development’ coupled with geopolitics to sustain the protracted genocide against the nation… Read more »

Resettlement of Conflict-induced IDPs in Northern Sri Lanka

Political economy of state policy and practice by Chamindry Saparamadu and Aftab Lall, Centre for Poverty Analysis, January 2014 Resettlement of conflict-induced IDPs in northern Sri Lanka Executive summary Nearly three decades of civil war in Sri Lanka between the armed forces of the Government of Sri Lanka (GoSL) and the Liberation Tigers of Tamil… Read more »

ICRC 1995 Annual Report

by International Committee of the Red Cross, May 31, 1996 ICRC 1995 annual report for Sri Lanka    

In Sri Lanka, Yet Another Chance at Post-war Recovery

by Meera Srinivasan, The Hindu, Chennai, February 29, 2020 More than a decade after the civil war ended in Sri Lanka, the Tamil people in the Northern Province continue to emphasise the need for jobs, livelihoods, and a reliable market. The new government’s promise of development, they say, must come with meaningful reconciliation. Meera Srinivasan… Read more »

2004 Tsunami

Note the divergence in information on number of casualties, etc.  The NorthEast of Sri Lanka was one area severely under-counted due to lack of facilities and official interest. https://www.abc.net.au/news/2014-12-24/boxing-day-tsunami-how-the-disaster-unfolded/5977568 January 2007 https://www.researchgate.net/publication/29459974_The_Economic_Effects_of_the_Asian_Tsunami_on_the_Tear_Drop_in_the_Indian_Ocean_A_General_Equilibrium_Analysis https://www.theguardian.com/global-development/2014/dec/25/where-did-indian-ocean-tsunami-aid-money-go  

The Rajapaksas Will Ruin Sri Lanka’s Economy

Virulent ethnic nationalism and hateful rhetoric toward minorities might win votes, but it will lead the country to economic ruin. by Amita Arudpragasam, Foreign Policy, Washington, DC, November 27, 2019 On Nov. 18, Gotabaya Rajapaksa took his oath as Sri Lanka’s seventh executive president, at the sacred Buddhist temple Ruwanwelisaya in Anuradhapura. Three days later, his brother,… Read more »

World Bank: Making (De)centralization Work

by World Bank, Washington, DC, October 13, 2019 See Chief Economist for South Asia video summary here Full report here In a focus section, the report highlights how, as their economies become more sophisticated, South Asian countries have made decentralization a priority to improve the delivery of public services. With multiple initiatives underway across the… Read more »

The True Cost of Your Trip to Sri Lanka

by 47Roots, London?, August 12, 2019 Here’s what you should consider before you plan your next trip to Sri Lanka. Places to avoid: Sri Lanka Campaign: https://www.srilankacampaign.org/ethi… Adayaalam Centre for Policy Research (ACPR) – Interactive Map https://www.google.com/maps/d/u/0/vie… Sources: Tamil Guardian: www.tamilguardian.com @tamilguardian People for Equality and Relief in Lanka https://pearlaction.org/ @PEARLAlert ‘Our land Our Life’… Read more »

Sri Lanka’s Market

An Investment Gem Hidden In Too Much Pessimism by Rainer Michael Preiss, ‘Forbes,’ New York, August 7, 2019 Sri Lanka’s Prime Minister Ranil Wickremesinghe speaks at the 30th anniversary of the Colombo Stock Exchange ceremony in Colombo on December 2, 2015 . ISHARA S.KODIKARA/AFP/GETTY IMAGES Legendary billionaire investor George Soros famously observed that “the most… Read more »

Sri Lanka Growth Diagnostic Analysis

by Harvard U’s Center for International Development, January 2018 https://srilanka.growthlab.cid.harvard.edu/publications/sri-lanka-growth-diagnostic https://growthlab.cid.harvard.edu/files/growthlab/files/growth_diagnostic_for_sri_lanka_1.pdf Abstract: Throughout 2016, CID conducted a growth diagnostic analysis for Sri Lanka in collaboration with the Government of Sri Lanka, led by the Prime Minister’s Policy Development Office (PDO), and the Millennium Challenge Corporation (MCC). This presentation report aggregates collaborative quantitative and qualitative analysis… Read more »

US Millennium Challenge Corporation

by US Millennium Challenge Corporation, July 2019. Pictures from US Amb. Teplitz’s Twitter feed, July 30, 2019 The land project will initially focus on districts in the Central, North-Western, North-Central and Eastern Provinces. Highlights of MCC Compact Scorecard FY19 More info, including 2017 Constraints Analysis  

SL Governor Dodges Ki’linochchi DCC Meeting

Colombo’s military and departments confronted by TamilNet, July 29, 2019 …SLA was having only seven acres of lands… …CSD was refusing to release the 310 acres of lands at the Civic Centre Village and 105 acres at Marutha-nakar… The so-called Civil Security Division (CSD) and the occupying SL Army, which come under the SL Defence… Read more »