Chapter 1: Introduction: Crisis in Sri Lanka and the WorldAsoka Bandarage
Sri Lanka - Reconstruction, Economy, Tourism: Sri Lanka began to recover from its 26-year civil war during Rajapaksa’s second term. The economy showed sustained growth and reduced poverty levels, though some were concerned about ballooning debt and over
A recent initiative saw the introduction of Sri Lankan handicrafts, especially its silver ware, to the Chinese market through the government owned Laksala, a business specializing in Sri Lankan handicrafts. Sri Lanka’s current economic crisis may also be addressed through a concerted effort to ...
Some time ago, Greece was in a serious economic crisis similar to that of Sri Lanka, and declared bankruptcy. To overcome this crisis, the salaries of public servants were reduced by 50 percent. It took them 13 years to emerge from bankruptcy and repay their debts. During that period, ...
can be a drawn-out process. Moreover, environmental impact restrictions on tower installations can lead to project delays and inflated costs. The country is also undergoing a economic crisis, which can further hinder the development of Telecom Industry thus impacting the infrastructure and Tower ...
Taking up the mantle of the presidency, I assumed responsibility, formed a cabinet, and embarked on finding both short-term and long-term solutions to address the economic crisis. Through decisive actions, we managed to eliminate the prevalent queues that had become emblematic of th...
ECONOMYNEXT- Sri Lanka’s central bank will gradually sell down its re-structured bond bonds, Central Bank Governor Nandala Weerasinghe has said. The central bank converted a large part of its bill holding acquired to inject liquidity and trigger an economic crisis from 2020, into lower yielding...
This is the inevitable price Sri Lanka pays for its economic bankruptcy, political and social instability which made the island turn to International Monetary Fund,IMF, for rescue. Now the question is whether a bankrupt country like Sri Lanka where the people are passing through, perhaps t...
Ever since 2019, Sri Lanka has been in a deep economic crisis, driven, among other factors, by a series of November 2019 tax cuts and by the tourism-halting Covid-19 pandemic, both of which slashed government revenues (S84). From the beginning of his presidency, Gotabaya Rajapaksa made ...
office, Dissanayake has both proclaimed a “new era of renaissance” for Sri Lanka and stated that “we have deeply understood that we are going to get a challenging country.…We don’t believe that a government, a single party or an individual would be able to resolve this deep crisis....