Forex Crisis and National Economy
Speaking at the webinar “Impact of Forex Crisis and Solutions for National Economy” held on 23 January 2022, the Governor of the Central Bank of...
Economists tell: default on bond, buy food
Sri Lankan rupee banknotes sit in a bucket at a fruit stall in Colombo. The country is running out of imported food, fuel, medicine and a...
UN paints bleak picture
The United Nations (UN) expects Sri Lanka to face numerous challenges this year, mainly as a result of the coronavirus. According to a UN report,...
Critical Week in Bid to Stabilize Economy
Sri Lanka’s leaders face critical tests next week of how they plan to pull the South Asian nation out of an economic tailspin, with a...
Banks turn cautious on exposures
As Sri Lanka grapples with a severe foreign exchange crunch, high street banks in India have turned cautious and selective about their exposures to the...
Green, resilient, and inclusive development: Lessons from Sri Lanka
A new development paradigm is emerging which aims for a post-pandemic economic recovery that is more sustainable and resilient to shocks and leaves no one...
Sri Lanka’s Currency Crisis
Sri Lanka ends 2021 with foreign currency reserves in hand (US$1.6 billion) to support a month of imports. For much of the year, a shortage...
A Debt-for-Equity Swap
In what is being described as another case of “debt trap” diplomacy, China’s Export-Import Bank appears poised to take over Uganda’s Entebbe Airport and other...
Why A Bear Market In Bonds Points To A Weakening Economy
After closing at 0.53 percent in July 2020 the yield on the ten-year US T-bond moved relentlessly higher, closing on Tuesday, September 28, 2021, at...
Organic Farming Mandate
In April, the Sri Lankan government banned the import and use of fertilizers and agrochemicals, including insecticides and herbicides, marking a significant step in their goal to become...
How the country’s economy slid?
Crisis is upon Sri Lanka. Last week, President Gotabaya Rajapaksa decreed a state of emergency over food supplies, the dollar was being sold for over...
India’s appetite for economic diplomacy
The Maldives and Sri Lanka, both highly tourism-dependent tropical islands, have seen the pandemic devastate their economies and finances. Government debt this year is expected...
Sri Lanka’s economic crisis poses challenges for India
India’s ‘Neighbourhood First’ policy towards Sri Lanka had resonated with Sri Lanka’s ‘India First’ foreign and security policy in 2020. India is Sri Lanka’s third...
Financial crisis is one of the major challenges
The financial crisis in Sri Lanka is one of the first major challenges faced by the ruling Rajapaksa family as traders, importers and the opposition...
Is Sri Lanka’s Approach to Import Substitution Sensible?
In the immediate aftermath of the onset of the Covid19 pandemic and the unprecedented health and economic crises it unleashed, there was a widespread backlash...