A NOTE from a PAL in Britain: “The American media egged on by the politicians have been quite scathing about Sri Lanka’s borrowing from China. Please watch this short video below and understand that the USA has a different agenda to heap opprobrium on China such as to sour Sri Lanka/China relations for its political advantage.”
LISTEN to Dr Nishan de Mel on NewsFirst =https://www.facebook.com/VeriteResearch/videos/2347743372123536/
IN SUMMARY: Sri Lanka’s debt problem is not because of Chinese loans. Chinese loans are
1. a smaller share of Sri Lanka’s total external debt,
2. cheaper and
3. easier to recycle.
Nishan de Mel is the Executive Director and Head of Research of Verité Research, a think tank that provides analytical research and advisory services on economic, political and legal issues in Sri Lanka and Asia. He is an economist with extensive academic, policy, and private sector experience. He has been a Member of the Presidential Task Force on Health Sector Reform, Presidential Committee on Tobacco, Alcohol and Dangerous Drug Regulation, and the National Steering Committee on Social Security. He has also served as the Executive Director of the International Centre for Ethnic Studies (ICES) and on the Board of the Sri Lanka Foundation Institute.
Internationally, Nishan has held several governing, teaching, and research positions, including as Lecturer in Economics at Oxford University. He earned his masters and doctoral degrees in Economics at the University of Oxford where he was a Chevening Scholar and his undergraduate degree in Economics from Harvard University.
- “Peddling Gross Falsehoods on Sri Lanka’s Public Debt …,” 17 July 2017, https://thuppahis.com/2017/07/17/peddling-gross-falsehoods-on-sri-lankas-public-debt-and-economics/
- Lakshman Gunasekara: “Hambantota Port: Some Basic facts from the Spot Today,” 13 December 2018, https://thuppahis.com/2018/12/13/hambantota-port-some-basic-facts-from-the-spot-today/
2 responses to “Chinese Loans and Sri Lanka: Nishan de Mel’s Clarification on Video”
EMAIL NOTE to MICHAEL from NIMAL SANDERATNE [Economist] in Kandy
This is correct. It is less than 10 percent of total debt.
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