Category Archives: IMF as monster

February 4, 2024 · 2:28 pm

Sri Lanka in IMF-Western Stranglehold

Darini Rajasingham-Senanayake in The Sunday Island, 4 February 2024, where the title runs thus: “Of Elections, Bond scams, and Money Politics:  The IMF and the Anatomy of Default @ 75 …. Default as Hybrid Economic Warfare” … with the highlights in purple being impositions by The Editor of Thuppahi and those in red Darini’s very own.**

With the wisdom of hindsight, the Root Causes of Sri Lanka’s first ever Sovereign Default, staged three years ago on the eve of 75 years of ‘Independence’ from the British Raj are clearly discernible.

Political cartoon _ Satire, Humor, Criticism _ Britannica

Ancient tree roots wrapped around a large boulder in the French alps Stock Photo – Alamy

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September 6, 2023 · 1:25 am

Continuing IMF-World Bank Machinations Impact on Sri Lanka

Darini Rajasingham-Senanayake

The Disinformation is ramping up in preparation for the IMF visit this month to review SL’s prograss on the required IMF asset sale of coastal and highland lands of the strategic island, to monitor and surveill the Indian Ocean trade and Submarine Data cable Routes. The IMF assets strip and sale of Sri Lanka targets the same sectors and assets that Washington’s MCC Millennium Challenge Corporation Compact program did – Energy, Telecom, Transport Infrastructure back in 2019.

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August 30, 2023 · 2:29 am

Sri Lanka’s Topsy-Turvy Economy in the Last Decade

Darini Rajasingham-Senanayake*…. with her choice of title being “Sri Lanka Back as Donor Darling Ignores the BRICS” and a sub-title that runs thus “France’s Macron and the US Fish in the Indian Ocean …. presented here with highlights imposed by The Editor, Thuppahi 

Sri Lanka continues to swing wildly between being a ‘Donor Darling’ flooded with foreign ‘aid’ and ‘advisors’ on the one hand to a ‘bankrupt’ pariah or outcast on the other. Last year, the strategic Indian Ocean Island went from South Asia’s wealthiest nation with the best social and human development indicators to a beggar—humiliated and shunned by the ‘international community.’ This was after staging its first-ever Sovereign Default due to a Eurobond debt trap and purported lack of US dollars. The default triggered rapid rupee depreciation and instantly beggared citizens amid a distracting transnationally networked, remote-controlled ‘Aragalaya’ protest operation led by social media influencers. Ironically, there was a blockade on fuel shipments to the country amid the United States Marine’s ‘Sea Vision’ training program for the Sri Lanka Navy.

Newly formed Sri Lankan Marine Corps gets 241 years of experience in under a week. Credit: U.S. Marine Corps photo by Petty Officer 2nd Class Jacob L. – Photo: 2023  .

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March 1, 2023 · 1:12 pm

The American-IMF Monster Revealed in Dissection of Sarvanandan’s Reading of the World

X … [who, alas, has to protect himself from potential ‘hits’ from American and Aussie agencies] …. NB: the highlighting emphasis is my imposition

The Western template for stories on so-called predatory practices by China was crafted some years ago by former US Secretary of State Mike Pompeo and US, UK and Australian think tanks. Sarvanandan is simply rehashing the same thing.

His claim to be offering a “factual cum reality check” is another misleading fact-reality check.

Tom Toles Editorial Cartoon

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February 26, 2023 · 8:30 pm

The Economic Sinking of Island Lanka: The IMF-US Monsters

Darini Rajasingham-Senanayake, whose preferred title is “Alternatives to the IMF and the future of the Welfare State: Beyond the blame game between Superpowers”

The economic proxy war between the rising and fading Superpowers is escalating and expanding in the “Asian 21st Century.’ This was apparent in an (un)diplomatic exchange between Chinese and United States officials over the International Monetary Fund’s (IMF) debt restructuring delays in Sri Lanka which was the venue of the recent CARAT/MAREX war games. These happened in the run up to the country’s February 4 commemoration of 75 years of ‘Lost Independence, Democracy and economic sovereignty’ as a commentator put it.

 

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January 10, 2023 · 11:19 am

Experts Urge Debt Cancellation as Essential Road for Sri Lanka’s Survival

Item in Newsfirst: “Experts say only debt cancellation offers Sri Lanka a chance of recovery”

DEBT JUSTICE speaks out …….

https://m.youtube.com/watch?v=fXyBHNj_xWU&feature=youtu.be

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December 19, 2022 · 6:47 pm

Argentina by the Balls! In The Tight Grip of USA & IMF

 Esteban Almiron: “How Argentina has been trapped in neocolonial debt for 200 years: An economic history” .… 19 December 2022, https://multipolarista.com/2022/12/18/argentina-neocolonial-debt-history/

Argentina has constantly been trapped over two centuries in unpayable external debt owed to foreign imperial powers. This affects the everyday life of everyone: inflation, salaries, employment, public services, elections. Here is a brief history of the deuda.

SEE https://multipolarista.com/2022/12/18/argentina-neocolonial-debt-history/

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December 5, 2022 · 6:45 pm

IMF Intrusions on Sri Lanka’s Economy

Asoka Bandarage, in Asia Times, 2 December 2022, where the title reads thus: “IMF forcing privatization, land and resource grab on Sri Lanka” …

On September 1, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund for a 48-month extended fund facility of US$2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs.

  Outgoing president Gotabaya Rajapaksa (right) greets Ranil Wickremesinghe during the latter’s oath-taking ceremony as the new leader in Colombo, Sri Lanka, in July 2022. Photo: Sri Lankan President’s Office

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July 30, 2022 · 9:17 pm

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

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July 25, 2022 · 1:53 am

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.

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