Posts Categorized: Economy

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 »

Lavish Projects and Meager Lives

The Two Faces of a Ruined Sri Lanka by By Mujib Mashal and Skandha Gunasekara, The New York Times, May 29, 2022 A frenzy of building on borrowed money in the Rajapaksa family’s home district illustrates the hubris and mismanagement that led the country into economic collapse. HAMBANTOTA, Sri Lanka — The international airport, built a decade ago… Read more »

Scum of Asia?

by Nillanthan Maha in his blog, July 2, 2022 [translated from the original Tamil with Google Translate plus edits] Gotabaya did not go home. But a situation is developing where the people who fought to ask him to go home are paralyzed inside their homes. The country is moving towards a state of near social… Read more »

Sri Lanka’s Road Ahead is Hazardous

An exclusive interview with Ambassador K.P. Fabian by A. Jathindra, Centre for Strategic Studies – Trincomalee, July 4, 2022 Ambassador K.P. Fabian served in the Indian Foreign Service between 1964 and 2000, during which time he was posted to Madagascar, Austria, Iran, Sri Lanka, Canada, Finland, Qatar, and Italy. During his time in the diplomatic… Read more »

Food Crisis Looms as Rice Production Nosedives

by Thayalini Indrakularasa, Global Press Journal, Washington, DC, June 19, 2022 When Sri Lanka banned agrochemicals last year, the law’s impact on the island’s ability to feed itself was immediately evident. READ THIS STORY IN English தமிழ் CHEDDIKULAM, SRI LANKA — Sellan Yogarasa returned to Sri Lanka in 2014, after more than two decades of… Read more »

Economic Crisis and Unregulated Alcohol Collide

by Vetrichelvi Chandrakala, Global Press Journal, Washington, DC, May 25, 2022 Civil war veterans, also grappling with the country’s imploding economy, fight to break their dependency on dangerous, illegal liquor. READ THIS STORY IN English தமிழ் MANNAR, SRI LANKA — Vijayakumar Velayutham fought for more than a decade in the Sri Lankan civil war. He… Read more »

Bakeries Shutter as War in Ukraine Drives Up Wheat Prices

by Thayalini Indrakularasa, Global Press Journal, Washington, DC, May 8, 2022 The country’s tropical climate makes it dependent on wheat imports, but an economic crisis at home and conflict abroad have upended the supply. READ THIS STORY IN English தமிழ் CHEDDIKULAM, SRI LANKA — Early morning sunlight streams in the windows as Thankaiya Mageswaran divides… Read more »

Military & Poverty

A Critical Study in Sri Lanka by Selvarathinam Santhirasegaram, Developing Country Studies, Vol.3, No.8, August 2013 Abstract Main objective of this study is to show that how military expansion in Sri Lanka contributed to achieve this macroeconomic goal, reduction of unemployment and poverty. Statistical evidences show that percentage of people, living under poverty level negatively… Read more »