Krishna Srinivasan’s Address in Colombo in His Capacity as Director of Asia and Pacific Department, IMF, May 15, 2023
What does this challenging global environment mean for Sri Lanka?
Sri Lanka, as you know, has been facing a severe crisis (A) involving back-to-back economic shocks. We have been deeply concerned about the impact of the crisis on the Sri Lankan people, particularly the poor and vulnerable groups, and about the economic costs arising from the delay (B) in the country’s access to external financing.
It all started when the General Secretary of the Communist Party of Sri Lanka (CPSL), Dr. G. Weerasinghe, demanded the government clarify whether American intelligence agency CIA chief William Burns visited the country or not. And if it was so, what was discussed? 0:00 – 2:38 –
By pure chance I came across a paperback book of 280 pages published by Dharshan Weerasekera via Sarasavi Publisher in 2020 that is entitled Sri Lanka’s Future Challenges and the Quest for a New Constitution. Further searches indicated that he had received university education in USA and had published a battery of books (now listed in Thuppahi at ………….. https://thuppahis.com/2023/03/24/dharshan-weerasekeras-array-of-essays-and-books.
By Dharshan Weerasekera Courtesy The Island On 18 May 2022, the Canadian House of Commons adopted without opposition a motion introduced by Rep. Gary Anandasangaree recognising 18 May of each year as Tamil Genocide Remembrance Day” (www.parliament.ca). This follows a Bill adopted by the Ontario legislature in May 2021 calling for the week following May […]
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.
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!
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.
Thuppahi's Blog · This web site presents the interventions of MICHAEL ROBERTS in the public realm with reference to Sri Lankan political affairs. It will embrace the politics of cricket as well. ROBERTS was educated at St. Aloysius College in Galle and the universities of Peradeniya and Oxford. He taught History at Peradeniya University and Anthropology at Adelaide university. He is now retired and lives in Adelaide.