Asoka Bandarage, in The Island, 16 May 2022, with this title “Sri Lanka: Debt crisis, neocolonialism and geopolitical rivalry” …. with highlighting in blue being impositions from The Editor, Thuppahi
Sri Lanka is in the throes of an unprecedented economic crisis. Faced with a shortage of foreign exchange and defaulting on its foreign debt repayment, the country is unable to pay for its food, fuel, medicine, and other basic necessities. Notwithstanding the austerities that would be entailed, a bailout by the International Monetary Fund (IMF) has been accepted as the only way out of the dire economic situation.Opposition political parties, and citizens across the country, blame the Rajapaksa government’s widespread corruption and mismanagement for the crisis, and demand that the President and the Parliament resign. The Prime Minister Mahinda Rajapaksa did so on 09 May 2022. However, the protesters at Galle Face Green, and elsewhere, have not been able to put forward an alternative leadership or a viable road map for the future. The country remains mired in confusion, chaos and a highly volatile political impasse.

Continue reading →
Like this:
Like Loading...