No More Loans Without Accountability
Newscutter I am writing from Jaffna, rather disappointed and disenchanted with the IMF and the Government of India for trying to bail out our horrid government as detailed by the Hindustan Times….
Development
How an Incompetent Cabal of Voodoo Economics Practitioners Ruined Sri Lanka’s Economy
Sri Lanka is set to commence its discussions with the IMF on Monday. The country has jumped off the plane of economic stability without a parachute and now we must hope that…
An Emergency Economic Stabilization Plan
Sri Lanka is at a very dangerous juncture with usable reserves that have dropped to about $150 million. Acute shortages of essentials ranging from fuel to medicine have become prevalent. Rising public…
Averting the Looming Food Crisis
A food crisis is inevitable. Food prices are soaring; shortages in essential food items are creating long queues, affecting people’s ability to work and get on with productive lives; the foreign reserve…
The Crisis and Where We Go From Here
Much more lucid than in his disastrous last address to the nation, President Gotabaya Rajapaksa was noticeably sombre and sober on Wednesday night. Perhaps mindful of the critiques that followed his earlier…
Russia-Ukraine Crisis: How Should South Asian Economies Respond?
It is almost three weeks since Russia invaded Ukraine, the second-largest country in Europe by geographical area after Russia. Early expectations of a quick and decisive Russian military victory have not materialised…
Capturing the Disappearing Glory of Slave Island
As elegant old buildings and diverse neighbourhoods disappear before our eyes, sacrificed on the altar of development, a group of people came together in 2018 to initiate the We Are From Here…
Ecosystem Restoration? Stop the Continuing Destruction
The laudable theme of this year’s World Wildlife Day is Ecosystem Restoration. What a noble ideal but is it applicable to Sri Lanka? In the last two years, the country has seen…
All Shock and No Therapy for Hapless Population
Guardian A nation was promised vistas of prosperity and splendor and about 6.9 million voters opted for it, subsequently providing a two third parliamentary majority to implement the vision. A little over…
Water Pumps and Chickens: Rhetoric vs Reality in the North
December 19, 2021. Jaffna town. 6 am. Three motorcycles parked one behind the other at an angle with headlights on. Two armed military personnel, clad in black, on each motorcycle. Women headed…
To Flee or Not to Flee, That is the Question
Once known as being the best fed, most educated and healthiest people in South Asia, Sri Lankans are facing the bleak prospect of a full blown economic crisis that will dramatically push…
Urban Beautification, Military Design
“As an abstract political force, poverty is very useful; it scares and disciplines the working classes, keeps wages down…” Parenti, 1999 Visible urban poverty disrupts the gilded cityscape. It shatters the sanctity…
Repay Foreign Debt or Finance Essential Imports
South China Morning Post The available foreign reserves of the country can be used to either repay foreign creditors or to finance imports of essential goods and services required by its citizens….
How Sri Lanka Became a Nation of Beggars
Every economy in the world, developed or developing, is a topic for discussion today. Some economies are being discussed for their sound management, good governance, high growth and overcoming crises while other…
State Owned Enterprises: A Major Crisis in the Making
Sri Lanka has a whopping 527 state-owned enterprises[1] (SOEs). The 55 SOEs classified as “strategically important” alone employ 10% of the public sector workforce[2] or about 1.9% of all workers. Such a…
