Al-Jazeera’s Incisive Review of Sri Lanka’s Economic Crisis


“It’s not just the pandemic: Why Sri Lanka’s economy is in crisis | Counting the Cost” …. 31 Jult 2021

Sri Lanka’s finances are in a precarious state, but the economy was already in trouble before the COVID-19 pandemic. Between 2005 and 2015, Colombo borrowed billions from China, accumulating a mountain of debt. It was forced to hand over a port to a Chinese company after failing to keep up with payments. But Beijing is making more loans. Asia Frontier Capital’s Ruchir Desai explains why China and India are keen to help Colombo out. Elsewhere, crisis-hit Lebanon has its third prime minister in 12 months. Diana Menhem, managing director of civic organisation Kulluna Irada, tells us little will change with the same politicians in power. – Subscribe to our channel: – Follow us on Twitter: – Find us on Facebook: – Check our website:


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Filed under accountability, centre-periphery relations, China and Chinese influences, coronavirus, economic processes, foreign policy, governance, historical interpretation, island economy, life stories, modernity & modernization, politIcal discourse, Rajapaksa regime, self-reflexivity, sri lankan society, world events & processes

One response to “Al-Jazeera’s Incisive Review of Sri Lanka’s Economic Crisis

  1. Gus Mathews

    Hello Michael,
    The opening remark about Sri Lanka’s debt to China and the subsequent leasing of Hambantota harbour for ninety nine years to the Chinese company ‘Merchant Port Holdings’ is not because Sri Lanka could not service the loans to China. This is disingenuous reporting by Al-Jazeera.

    The funds obtained by leasing Hambantota harbour were utilised to pay the sovereign bond debt to Western banks. Please click on the link below to ascertain the lie output by enemies of Sri Lanka. The speaker in this short video is Dr, Nishan De Mel the Director of Verite Research,

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