Category Archives: debt restructuring

Jonathan Manz’s Revelations re US Machinations in Sri Lanka: Two Essays

Jonathan Manz, in LankaWeb

ONE: “Pivot-to-Asia: America executes a Ligthening Coup to take control ofa strategic Island in the Indian Ocean” …. in LankaWeb, 13  June 2022 …. note DATE

Bewildered, reeling and confused, Sri Lankans are just beginning to pick up the pieces of the jigsaw to decipher the events of Black-Monday, 09 May 22, when America, with its all-too-familiar ‘false-flag’ operations, executed a lightning Coup, to take control of the strategic Island in the Indian Ocean.

Taking control of the Island-Nation was critical to the Americans to implement their re-chartered game-plan for the Indian-Ocean region; this plan, they were compelled to develop following the unexpected defeat of their proxy mercenaries in Sri Lanka.

Continue reading

Leave a comment

Filed under accountability, american imperialism, authoritarian regimes, centre-periphery relations, debt restructuring, disparagement, economic processes, foreign policy, governance, historical interpretation, IMF, Indian Ocean politics, island economy, legal issues, life stories, modernity & modernization, politIcal discourse, power politics, propaganda, Rajapaksa regime, security, self-reflexivity, slanted reportage, sri lankan society, truth as casualty of war, UN reports, world events & processes

Jayati Ghosh exposes the IMF Role in the Crisis in Sri Lanka and Elsewhere

Video Presentation in DEMOCRACY NOW …. with this title “Economist Jayati Ghosh: Global Debt Crisis Is Perfect Storm of Unrest, Economic Disaster, Starvation”

THE looming PERFECT STORM = https://www.youtube.com/watch?v=rPMed4KOHuI

We look at the looming possibility of a global recession amid rising inflation, the pandemic and the Russian war in Ukraine. World financial institutions and wealthier countries should take stronger actions such as writing off debts that are crippling developing nations, says Jayati Ghosh, economics professor at the University of Massachusetts Amherst. “This is just completely lack of political will. It’s not because we don’t know what to do.” Her piece in The Guardian is headlined “There is a global debt crisis coming — and it won’t stop at Sri Lanka,” and she also discusses other countries on the brink of an economic collapse, including Pakistan, Nepal, Nigeria, Ethiopia, Panama and Argentina. Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at https://democracynow.org Mondays to Fridays 8-9 a.m. ET. Support independent media: https://democracynow.org/donate Subscribe to our Daily Email Digest: https://democracynow.org/subscribe

Continue reading

1 Comment

Filed under accountability, american imperialism, centre-periphery relations, debt restructuring, demography, disparagement, economic processes, foreign policy, governance, historical interpretation, IMF as monster, Indian Ocean politics, island economy, legal issues, life stories, modernity & modernization, politIcal discourse, power politics, security, self-reflexivity, sri lankan society, welfare & philanthophy, world events & processes

Sri Lanka in Deep Abyss: Indrajit

WATCH …… Absorb …. https://youtu.be/hLLMdx74-aw

If Ranil Doesn’t Take Tough Steps, Sri Lanka Economy Could Fall into Abyss: Former Central Bank Head

2 Comments

Filed under accountability, debt restructuring, life stories, politIcal discourse, power politics, self-reflexivity, sri lankan society, trauma, welfare & philanthophy, world events & processes

The Elephant in the Room: Geopolitics and the ‘Great Reset’ in Sri Lanka

Darini Rajasingham-Senanayake, in Countercurrents

“But to watch cricket, there has to be a country left for us to watch it in, no?” A fan at the Galle Test Match that ended with an innings victory for Sri Lanka. July 11, 2022

Spirits were high on July 11 when the Sri Lankan cricket team beat the visiting Aussies by an innings even though the country was in its worst economic crisis ever, due to a lack of Dollars to buy fuel caused by an international Sovereign Bond (ISB), debt trap and Staged Default.

Continue reading

Leave a comment

Filed under accountability, american imperialism, authoritarian regimes, conspiracies, cricket for amity, debt restructuring, economic processes, energy resources, foreign policy, IMF as monster, Indian Ocean politics, insurrections, island economy, law of armed conflict, legal issues, life stories, military strategy, modernity & modernization, performance, political demonstrations, politIcal discourse, power politics, Rajapaksa regime, self-reflexivity, slanted reportage, sri lankan society, the imaginary and the real, transport and communications, trauma, truth as casualty of war, unusual people, vengeance, world events & processes

IMF’s Position on Sri Lankan Crisis on 17th July 2022

Dilini Madushanki, in Ceylon Today, 17 July 2022, with this title  “Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space — IMF,”

Claiming Sri Lanka is a ‘warning sign’ for countries with high debt levels, IMF Chief Kristalina Georgieva warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted.

Georgieva, speaking at a G20 finance officials meeting in Indonesia, said “I wish the global economic outlook was as bright as the sky in Bali, but unfortunately, it is not. The outlook has darkened significantly, and uncertainty is exceptionally high. Downside risks about which the IMF had previously warned have now materialized.” 

Continue reading

Leave a comment

Filed under accountability, american imperialism, authoritarian regimes, debt restructuring, economic processes, governance, historical interpretation, IMF, Indian Ocean politics, island economy, landscape wondrous, legal issues, life stories, performance, politIcal discourse, power politics, self-reflexivity, slanted reportage, sri lankan society, truth as casualty of war, UN reports, unusual people, welfare & philanthophy, world events & processes

The American & IMF Bear in Sri Lanka’s Drawing Room

Darini Rajasingham-Senanayake, in InDepthNow,  July 2022 ….. https://www.indepthnews.net/index.php/opinion/5466-the-elephant-in-the-room-geopolitics-and-the-great-reset-in-sri-lanka …. where the title is “The  Elephant in the Room: …”

“But to watch cricket, there has to be a country left for us to watch it in, no?” A fan at the Galle Test Match that ended with an innings victory for Sri Lanka. July 11, 2022.

Spirits were high on July 11 when the Sri Lankan cricket team beat the visiting Aussies by an innings even though the country was in its worst economic crisis ever due to a lack of Dollars to buy fuel caused by an International Sovereign Bond (ISB), debt trap and Staged Default.

The cricket victory followed a magical weekend in which the Aragalaya, or peoples’ struggle, exceeded all expectations, staging multiple coups to peacefully claim both the Presidential Palace and the Prime Minister’s official residence. Massive waves of protestors unseated the island’s President and PM without a single person killed in the gunfire. Later the protestors cooled off in the Presidential pool and had impromptu concerts celebrating what appeared to be a successful regime change operation.

Continue reading

2 Comments

Filed under accountability, american imperialism, authoritarian regimes, centre-periphery relations, citizen journalism, debt restructuring, disparagement, economic processes, elephant tales, foreign policy, governance, historical interpretation, IMF as monster, island economy, legal issues, life stories, politIcal discourse, power politics, self-reflexivity, slanted reportage, sri lankan society, the imaginary and the real, truth as casualty of war, vengeance, world events & processes

Facing Ranjan De Silva Foursquare: A Demolition Job

Fair Dinkum**

On Saturday 16 July I received two emails from Michael Roberts which contained emails from two of his friends. The first email came from someone Michael describes as “An old schoolmate from Galle now in Canada”, while the second email came from someone described by Michael as “a Burgher pal with a sharp mind and pen”. The two emails from these Sri Lankans contain highly erroneous claims that cannot go by unchallenged and hence this refutation.

Continue reading

5 Comments

Filed under accountability, american imperialism, authoritarian regimes, centre-periphery relations, China and Chinese influences, debt restructuring, economic processes, foreign policy, governance, historical interpretation, Indian Ocean politics, island economy, landscape wondrous, life stories, modernity & modernization, nationalism, politIcal discourse, power politics, self-reflexivity, sri lankan society, the imaginary and the real, transport and communications, trauma, truth as casualty of war, unusual people, welfare & philanthophy, world events & processes

Thuppahi Accused of Partiality to China: Full Frontal Assault

Thuppahi Note

Writing from Canada (where he has been resident for a while),  Retd Brigadier Ranjan  De Silva, an Aloysian like me and a Peradeniya graduate from my time in the late 1950s, has sent me a Note with explicit criticisms of the positions adopted in some items within Thuppahi and with (as you will find out) contentious claims about the political economy associated with the programmes of the Mahinda Rajapaksa administrations in the recent past.

I place his series of charges in the public domain. I will respond in due course because I am inundated with email demands and Thuppahi tasks at the moment. But I place his readings of the past in the public realm NOW because I am confident that some of his assessments are horrendous and will attract  a host or replies which will provide pertinent information about the economic processes and political manoeuvres that are buffeting the island nation of Sri Lanka.

Moreover, I reckon that Ranjan has drunk water and whisky at some American bar and been overwhelmed by the ambience of that world….. Michael Roberts 

Continue reading

3 Comments

Filed under accountability, authoritarian regimes, centre-periphery relations, debt restructuring, economic processes, governance, historical interpretation, IMF, Indian Ocean politics, island economy, landscape wondrous, life stories, modernity & modernization, patriotism, politIcal discourse, power politics, Rajapaksa regime, self-reflexivity, slanted reportage, sri lankan society, taking the piss, truth as casualty of war, world events & processes

Pathum Kerner’s Critical Hand in the Aragalaya

A Conerned Citizen ... ** see Note at Bottom

Thank you Pathum Kerner. Now I understand who you are, and what your intention, your wavs and issues.
You will go down in history as the architect and the leader who systematically guided and led this nation from the beginning towards this epic non-violent ARAGALAYA.
.🙏

Continue reading

2 Comments

Filed under accountability, centre-periphery relations, conspiracies, debt restructuring, governance, historical interpretation, insurrections, island economy, landscape wondrous, legal issues, life stories, political demonstrations, politIcal discourse, power politics, sri lankan society, the imaginary and the real, unusual people, vengeance, world events & processes, zealotry

China’s Hand of Support for Sri Lanka Today

“China ready to work with relevant countries, intl financial institutions to help Sri Lanka tackle current difficulties: FM”

China will continue providing assistance for the economic and social development of Sri Lanka and support its efforts to recover the economy and improve its people’s livelihoods, the Chinese Foreign Ministry said on Tuesday.

The remarks came after foreign media claimed that Sri Lanka, mired in economic and debt crises and suffering political instability, is in discussions with Japan, and possibly with China in the future, on “bridge financing.”

Continue reading

Leave a comment

Filed under accountability, centre-periphery relations, charitable outreach, China and Chinese influences, debt restructuring, economic processes, foreign policy, governance, historical interpretation, Indian Ocean politics, island economy, landscape wondrous, politIcal discourse, power politics, security, self-reflexivity, sri lankan society, travelogue, unusual people, world events & processes