Category Archives: IMF

Multi-faceted Campaign against the SL Government Crackdown on the Aragalaya

HRW …. 31 August 2022 …………. https://www.hrw.org/news/2022/08/31/sri-lanka-end-use-terrorism-law-against-protesters 

Continue reading

1 Comment

Filed under accountability, authoritarian regimes, economic processes, foreign policy, governance, human rights, IMF, Indian Ocean politics, legal issues, life stories, political demonstrations, politIcal discourse, power politics, Rajapaksa regime, security, self-reflexivity, Sinhala-Tamil Relations, slanted reportage, sri lankan society, the imaginary and the real, truth as casualty of war, UN reports, unusual people, war reportage, world events & processes

Adani Group from India is A Potential “Black Rock” for Sri Lanka

Darini Rajasingham-Senanayake, in The Morning Leader, 24 August 2022, with this title “IMF privatising and the Adani Greenwash”

Buenos Aires, Argentina, has been rocked by massive protests against austerity measures imposed by the International Monetary Fund (IMF). Structural reforms with austerity have resulted in soaring inflation, currency depreciation, poverty, and inequality that is eroding the Argentinean society and economy, while enabling the bailout of private lenders and vulture funds like BlackRock.

Continue reading

Leave a comment

Filed under accountability, debt restructuring, economic processes, foreign policy, governance, historical interpretation, IMF, Indian Ocean politics, island economy, life stories, politIcal discourse, power politics, self-reflexivity, the imaginary and the real, trauma, truth as casualty of war, unusual people, world events & processes

Indrajit: Sri Lanka between Abyss and Quicksand

Karan Thapar, in article headed “ “If Ranil Doesn’t Take Tough Steps, Sri Lanka Economy Could Fall into Abyss: Former Central Bank Head”

Indrajit Coomaraswamy identified four critical steps that the government must immediately start to implement as the first stage of restoring the economy to better health.

Continue reading

2 Comments

Filed under accountability, american imperialism, centre-periphery relations, charitable outreach, economic processes, export issues, foreign policy, governance, historical interpretation, IMF, Indian Ocean politics, island economy, legal issues, life stories, modernity & modernization, patriotism, performance, politIcal discourse, power politics, Rajapaksa regime, security, self-reflexivity, sri lankan society, trauma, unusual people, welfare & philanthophy, working class conditions, world events & processes

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

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

Sri Lanka’s Central Bank under the Spotlight

Chandrasena Maliyadde, in Daily Ft, 20 July 2022, with this title “Central Bank, its independence and us”

An expert panel discussion on ‘Surviving the Current Economic Crisis: Ex-Central Bankers in Dialogue’ was held in early June. Some speakers stressed that the need of the hour is an independent Central Bank (CBSL). But its relevance or impact on surviving the current economic crisis was not spelt out. Maybe we ignorant laymen could not understand. Perhaps independence may be for the survival of the Central Bank and its officers who spend time in aiconditioned rooms away from the crisis.

Former Central Bank Governors: Nandalal Weerasinghe, Ajith Cabraal &  WD Lakshman

 

Continue reading

1 Comment

Filed under accountability, authoritarian regimes, centre-periphery relations, disaster relief team, economic processes, export issues, foreign policy, governance, IMF, Indian Ocean politics, island economy, legal issues, life stories, performance, politIcal discourse, power politics, self-reflexivity, slanted reportage, social justice, sri lankan society, trauma, truth as casualty of war, unusual people, welfare & philanthophy, world events & processes

Sri Lanka’s Crisis: Meeting Fair Dinkum & Thuppahi Foursquare

Prithi Perera

Allow me please to be as brief as possible in responding  to the Positions taken by Fair Dinkum” and Thuppahi.
Falsehood 1. As genuine Sri Lankans, we should not want to be colonized by anyone of the big powers, be it US, China and or for that matter, Western Europe or India.
Falsehood 2. As such, based on 1, being a fifth column of Russia becomes irrelevant. Therefore, no need for any pipe !!

Continue reading

7 Comments

Filed under accountability, american imperialism, authoritarian regimes, centre-periphery relations, China and Chinese influences, economic processes, foreign policy, governance, IMF, IMF as monster, island economy, life stories, politIcal discourse, power politics, Rajapaksa regime, security, self-reflexivity, sri lankan society, transport and communications, truth as casualty of war, welfare & philanthophy, working class conditions, 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

Colossal Deception: Gross Lies about Sources of Sri Lanka’s Debt Burden foisted on the World by Western Agencies

Benjamin Norton, in Multipolarista, July 12 July 2022 where the title reads thusReal debt trap: Sri Lanka owes vast majority to West, not China” ... with highlighting emphasis in colours imposde by the Editor, Thuppahi

Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies Japan and India. China owns just 10%. But Washington blames imaginary “Chinese debt traps” for the nation’s crisis, as it considers a 17th IMF structural adjustment program.

  A protest in Sri Lanka in April 2022

 

 

Continue reading

3 Comments

Filed under accountability, american imperialism, British imperialism, centre-periphery relations, China and Chinese influences, citizen journalism, disparagement, doctoring evidence, economic processes, energy resources, foreign policy, governance, historical interpretation, IMF, IMF as monster, Indian Ocean politics, island economy, landscape wondrous, legal issues, life stories, news fabrication, Pacific Ocean politics, political demonstrations, politIcal discourse, power politics, security, self-reflexivity, slanted reportage, sri lankan society, the imaginary and the real, transport and communications, trauma, truth as casualty of war, unusual people, vengeance, welfare & philanthophy, working class conditions, world events & processes

Vital Requirements for Sri Lanka Today

Darini Rajasingham-Senanayake, in IDN, July 2022, where the title reads “Sri Lanka Needs a Balanced Economic and Foreign Policy”

A shortage of exorbitantly privileged American Dollars, the global reserve fiat currency, which is not backed by gold, silver, oil or drugs, is the purported reason for Sri Lanka’s compounding crisis and the international media narrative of ‘famine’ in the country.

The upturned vehicle could be siaid to highlight the situaiton of Sri Lanka today ,,,, and yesterday … PIX ‘stolen’ from Al Jazeera  Continue reading

1 Comment

Filed under accountability, american imperialism, authoritarian regimes, centre-periphery relations, democratic measures, disparagement, economic processes, governance, historical interpretation, IMF, Indian Ocean politics, island economy, landscape wondrous, life stories, patriotism, performance, political demonstrations, politIcal discourse, power politics, security, self-reflexivity, slanted reportage, social justice, Sri Lankan scoiety, taking the piss, trauma, truth as casualty of war, unusual people, violence of language, welfare & philanthophy, working class conditions, world events & processes