Category Archives: governance

April 14, 2022 · 1:05 pm

GLOBAL TIMES Features Sri Lanka’s Perilous Situation

Fair Dinkum’s Prefatory Comment, 14 April 2022

A reminder of the geopolitics that is infecting Sri Lanka to the detriment of its national interests. It is disappointing that the US and India are seizing on the crisis in Sri Lanka to blame China for Sri Lanka’s economic problems when everyone knows that is not the reason. There is no such thing as a China debt trap. China accounts for 10% of Sri Lanka’s debt. The remaining 90% is owed to Japan, India, the US and other Western entities, but no one talks about the debt owed to Japan, India or the US as a debt trap.

SEE ………GT Voice: Sri Lanka crisis shows risk of US sanctions to developing nations – Global Times……………..

https://www.globaltimes.cn/page/202204/1259247.shtml

People purchase essential food items as the government imposed travel restrictions and two-week lockdown to curb the spread of Covid-19 coronavirus in Colombo on May 25, 2021. (Photo by ISHARA S. KODIKARA / AFP)

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April 12, 2022 · 8:11 pm

Michael Roberts: A Partial Bibliography, 1965-1999

Michael Roberts

Pressed by a friend in Australia, I revisited my academic journey as recorded in my old CV listings and feel that it may possibly be beneficial to the numerous personnel venturing into Sri Lankan history and politics via the stimulation of social media to have these items marked as targts for criticism and, even possibly, inspiration. I commence by listing Articles — but not books – presented in the period 1965 to 1999.

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April 12, 2022 · 1:50 am

Why Sri Lanka is Sinking – Prithi’s Prognosis

In Response to the THUPPAHI Item bringing Imran Khan’s ‘fate’ into juxtaposition with that of Sri Lanka, viz. https://thuppahis.com/2022/04/11/kota-uda-imran-khan-and-sri-lanka/ …….. Prithi Perera has fashioned an “Address to Sri Lankan Aussies” …. And, thus, to Thuppahi @@

Dear Sri Lankan Aussies, Unfortunately, this post does not reflect any of the issues mentioned in my email of 30 March 2022 that explained the real reasons for the present foreign debt and foreign exchange crises facing Sri Lanka today. As per that post where the statistics from the World Bank were quoted, it was clearly shown how the External Debt grew and the years that had the biggest increases with the External Debt growing in double digit increases from 2009 to 2014 with 2012 showing the highest annual increase in External Debt as compared to 2012. viz; 38.54 %. The growths in External Debt which involves foreign currency was highest during the periods 2009 to 2014, recording a growth from USD Billion 19,504,201 in 2009 to USD Billion 42,262,755, an increase of 117%. The External Borrowings from 2015 to 2019 have shown only single digit annual changes and the growth in External Debt has been from USD Billion 43,925,371 in 2015 to USD Billion 56,095,469, thus an increase of USD Billion 12,170,098 or 27% increase during the five-year period ending 2019, as compared to the 117% increase during the five-year period ending 2014.

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April 12, 2022 · 1:33 am

The Principal Roots of Sri Lanka’s Economic Crisis

Darini Rajasingham

Repeated cycles of borrowing from capital markets, including the International Sovereign Bonds, have made them the largest source of foreign funding for Sri Lanka. The Asian Development Bank (ADB) is in second place with a 14.3% share, having lent $4.6 billion. Japan is at 10.9% and China at 10.8%, with each having lent about $3.5 billion each.

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April 11, 2022 · 11:08 am

Kota Uda: Imran Khan and Sri Lanka?

Accidental Likeness

This cartoon captures Imran Khan’s situation recently ….. and could easily be extended metaphorically to depict Sri Lanka’s parlous situation — see TRUTHSEEKER’s revealing analysis – https://thuppahis.com/2022/04/11/sri-lankas-financial-crisis/#more-60661

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April 11, 2022 · 10:47 am

Sri Lanka’s Financial Crisis

Truthseeker

Sri Lanka’s Exposure to ISBs to 2030 (International Sovereign Bonds)

This table of International Sovereign Bonds (ISBs) taken shows facts and figures to put some perspective and truth into the economic crisis situation in Sri Lanka.

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April 10, 2022 · 8:38 pm

Blanketing Operations in the British Heights revealed by Lord Naseby

Shamindra Ferdinando

Member of House of Lords, Michael Naseby, has assured [us] that he will try very hard to convince the UK to make public the sections of the Colombo British High Commission dispatches censored by London, pertaining to the last phase of the Vanni offensive. Lord Naseby gave this assurance at the launch of his memoirs, ‘Paradise Lost, Paradise Regained’ at the BMICH on Tuesday (29).

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April 10, 2022 · 3:25 pm

Sri Lanka’s Mire: Roshan Mahanama pinpoints Blame

VISIT https://sports.ndtv.com/cricket/were-running-out-of-time-former-sri-lanka-cricketer-roshan-mahanama-to-ndtv-2870494 WHERE THE HEADLINE READS “We’re Running Out Of Time”: Former Sri Lanka Cricketer Roshan Mahanama To NDTV”

Speaking to NDTV, former cricketer Roshan Mahanama said the leaders are to be blamed for Sri Lanka’s current economic crisis, and that there is a need for a change.