Posts Categorized: Economy

Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better

After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons. by Mujib Mashal & Skandha Gunasekara, New York Times, January 31, 2023 Reporting from Ibbagamuwa, in Sri Lanka’s North Western Province, and Colombo, the capital. On the surface, calm has returned to Sri Lanka since the South… Read more »

Spotlight on Puttalam

Aussie company buys Lankan ilmenite deposit for a pittance by Daily Mirror, Colombo, December 20,2022 The Sri Lanka Cement Corporation owned factories in Kankesanthurai, Puttalam and Galle. The factories in Puttalam and Galle were sold in 1993. The factory in Kankesanthurai didn’t operate due to the war. Although the Puttalam Cement Factory was sold the… Read more »

Conflict Forced Them From Their Homes

Now the Military Is Occupying Their Land “Future looks bleak. Unless the Tamils get their lost land back, the Tamil areas would soon be colonised by Sinhalese.” by Jeevan Ravindran & Kumanan Kanapathippillai, VICE, January 16, 2023 JAFFNA, Sri Lanka:  Using a bat made of coconut tree bark, 15-year-old Gunasekaram Shatheeskumar was playing with his… Read more »

Structures of Tamil Eelam

by Tamil Eelam Economic Development Organisation, 1997 தமிழீழ உட்கட்டுமானம் ‘Structures of Tamil Eelam’ in Tamil A plan for infrastructure development in the North East. Published by World Organization of the LTTE

Hedge Funds Holding Up Vital Debt Relief

for crisis-hit Sri Lanka, warn economists by Larry, Elliot, The Guardian, UK, January 8, 2023 Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economists Exclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardball Some of the world’s most powerful hedge funds and other investors… Read more »

Uprooting People from the Land

Land Grabbing: Current Status and Trends in Sri Lanka by Sri Lanka Nature Group & People’s Alliance for Right to Land – PARL, June 2012 Uprooting People from the Land Land Grabbing Current Status 2012 Abstract This study was carried out to determine the present status and trends of land grabbing in Sri Lanka. The… Read more »

Abandoned to Their Fate, Northern Villagers Battle to Survive

by Minoli de Soysa, Groundviews, Colombo, November 29, 2022 They are a small, tight knit community held together by their shared suffering and insurmountable difficulties. Ever since the start of the 1983 civil war, their lives have been marked by tragedy and misery. The 22 families who live in the village of Kanchanamutti in the… Read more »

Thaainilam – Land Grabbing

The Real Pandemic for the Tamils in Sri Lanka – Documentary Film Youth Panel Discussion Sept.25, 2021 on ThaaiNilam: Land Grabbing Documentary at Film  Premiere 

Sri Lanka at Brink of Humanitarian Crisis

Financial Partners Should Support Basic Needs, Promote Respect for Rights by Meenakshi Ganguly, Human Rights Watch, New York, November 24, 2022 The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever. This month, the United… Read more »

Urban Poverty Triples in Sri Lanka amid Enduring Crisis

by Meera Srinivasan, The Hindu, Chennai, October 11, 2022 World Bank flags need for higher social security in the island  As Sri Lankans continue braving their worst economic crisis since Independence, urban poverty on the island has tripled in the last year, from 5% to 15 %, according to a recent World Bank report. Sri… Read more »

Economic Crisis and Resistance in Batticaloa

Eastern Sri Lanka by Thavarasa Anukuvi, Polity, Social Scientists’ Association, Colombo, October 10, 2022 Introduction The question whether ‘the people’ of the North and East should or could protest in solidarity with the #GotaGoHome protest movement has been the subject of much debate (Pundir & Kanapathippillai 2022; Sandranathan 2022; Ellis-Petersen & Sandran 2022; De Soysa… Read more »

Child’s Guide To Ranilnomics

Proposed Debt Restructuring Will Pose More Issues Than Answers By W A Wokewardema, Colombo Telegraph, September 26, 2022 Dr. W.A Wijewardena Aseni, whiz kid of economics, and her grandfather Sarath Mahatthaya, ex-official of the Finance Ministry, are continuing their conversation of the economics of President Ranil Wickremesinghe, tagged Ranilnomics. Previously, they discussed the ideological battle… Read more »

OCHA Multi-Dimensional Crisis Situation Report

by Office of the Coordination of Humanitarian Affairs, New York, September 16, 2022 PDF report with map at Sri Lanka Multi-Dimensional Crisis Situation Report No. 5 This report is produced by the OCHA Regional Office for Asia and the Pacific (ROAP) on behalf of the ISCG. The updates below cover activities carried out between 09… Read more »

A Poisoned Chalice

How international aid bolstered Sri Lankan despots by Viruben Nandakumar, Tamil Guardian, London, September 7, 2022 “I was born into a debt-free nation”, claimed Sri Lankan President Ranil Wickremesinghe as he accepted yet another loan from the International Monetary Fund (IMF) on behalf of the island. This will be the seventeenth time since independence that… Read more »

The IMF’s Staff-Level Agreement with Sri Lanka

by Meera Srinivasan, The Hindu, Chennai, September 5, 2022 What are the pre-requisites IMF laid down before the Sri Lankan government? How has India reacted to the agreement? The story so far: The International Monetary Fund (IMF) on September 1 announced a staff-level agreement with Sri Lanka, months after the island nation’s economic crisis intensified… Read more »

Sri Lanka’s Crisis is Not Just About the Economy

But a long history of discrimination against minority groups by Niro Kandasamy, The Conversation, Australia, July 14, 2022 Sri Lanka is in the grip of an economic, political and humanitarian crisis. In a remarkable display of anger on Saturday, thousands of protesters disregarded government curfews, rampant military and police presence to storm the presidential palace… Read more »

Joint Tamil Civil Society Statement

Sri Lanka’s Political and Economic Crisis Joint-Tamil-Civil-Society-Statement-Sri-Lankas-Political-and-Economic-Crisis-14-July-2022 – Washington D.C.: July 14th 2022 – On July 13, 2022, Gotabaya Rajapaksa fled Sri Lanka leaving the island in political chaos. Many among the island’s Sinhala majority and the international community have heralded this moment, a culmination of months of protest, as a potentially revolutionary moment. And indeed, the… Read more »

Sri Lanka’s Road to Ruin Was Political, Not Economic

The proximate cause for the protests is inflation, but the roots are in Sinhalese Buddhist nationalism. By Neil DeVotta, Foreign Policy, Washington, DC, July 12, 2022 On Saturday, Sri Lanka’s horrific saga took a consequential turn when protesters stormed and occupied the presidential offices and both the president’s and prime minister’s official residences. Global media are now filled… Read more »