Darini Rajasingham-Senanayake, in Colombo Telegraph, 3 October 2022, where the title reads: “The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture?”
As the visiting International Monetary Fund (IMF), team boarded a return flight to Washington DC after a week in Colombo, the Paris Club, stepped in though a revolving door at the strategic Indian Ocean island’s Bandaranaike International Airport in the first week of September.
The signing of a ‘Staff Level Agreement’ with the deeply unpopular ‘Ranil Rajapaksa’ regime accused of Economic Crimes was announced before the IMF team’s departure. However, the contents of the agreement like the IMF’s Debt Sustainability Analysis Report on Sri Lanka remain shrouded in mystery except for news of a $2.9 billion loan to be disbursed over 4 years!
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An article written by Dayanath Jayasuriya was published in Round Table– the Commonwealth Journal of International Relations which is pro Western and commonwealth
It summarizes a few things in an unoriginal manner of things we all know, but the last part, as expected from a Western sources, gives the misleading impression that China, India and Bangladesh are the main sources of SL debt, and ignores any mention of US-UK sources of debt. We have UK Lie Trap as well as a US debt trap.
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Orcadian’s NOTES in response to Benjamin Norton’s Revelatory Essay on the Sources of Debt faced by Sri Lanka
A = “NORTON’S article needs to be tattooed on the brains of every mindless Western journalist, every Western academic, everyone at the BBC, over the brains of Mike Pompeo, over Abe’s tombstone, over Morrison and Turnbull’s brain and over the Sri Lankans who repeatedly lie or fail to acknowledge that the vast majority of debt Sri Lanka owes is to the West, not to China. There was NEVER a China debt trap. That was a false narrative propagated by Western interests to disguise the true picture about the vast US and Western debt trap.”
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