Economists call for the suspension of Sri Lanka’s debt after devastating Cyclone Ditwah
Sri Lanka is expected to pay over 25% of its total revenue in debt servicing every year at a time when Ditwah, as per early estimates, caused damages worth 7 billion USD or around 7% of the country’s GDP.
Causes and consequences of Sri Lanka’s “most challenging” natural disaster
Cyclone Ditwah has caused devastating consequences for the island nation and brought to the fore new challenges to the debt-burdened country
Sri Lanka’s 2021-2024 austerity is one of the most severe in history
A recent World Bank reports examines Sri Lanka’s austerity policies following the 2022 external debt default
Qué significa para Sri Lanka la detención de un expresidente
El expresidente de Sri Lanka y “avatar del neoliberalismo” Ranil Wickremesinghe está siendo acusado de malversación de fondos públicos.
What the arrest of a former president means for Sri Lanka
Former Sri Lankan President and “avatar of neoliberalism” Ranil Wickremesinghe is being charged with misuse of public funds
Can Global South investments develop Sri Lanka?
The substitution of southern capital over northern capital alone may not resolve questions of viability, sustainability, or sovereignty.
Los aranceles de Trump podrían intensificar la crisis de deuda de Sri Lanka
Trump impuso un arancel del 44 % a los productos de Sri Lanka, mientras el país lucha por salir de la crisis económica provocada por la deuda.
Trump’s tariffs could intensify Sri Lanka’s debt crisis
Trump slapped a 44% tariff on Sri Lankan goods, as the country struggles to dig its way out of debt-fueled economic crisis
El nuevo Gobierno de Sri Lanka lucha por aumentar la inversión pública en medio de las restricciones del FMI
El presupuesto inicial del nuevo Gobierno de Sri Lanka refleja las limitaciones de la austeridad y la necesidad de restablecer la confianza en las ideas de crecimiento e industrialización impulsadas por la inversión pública.
Sri Lanka’s new government struggles to increase public investment amid IMF constraints
The maiden budget by Sri Lanka’s new government reflects the challenges that Global South countries face of overcoming IMF debt.
Sri Lanka and China announce enhanced economic and political cooperation
The president of Sri Lanka promised greater coordination with China within a multilateral, Global South framework.
La izquierda gana las elecciones presidenciales en Sri Lanka
Anura Kumara Dissanayake, de la alianza de izquierdas Poder Popular Nacional, obtuvo una victoria histórica en las elecciones presidenciales de Sri Lanka.
- Brazil approves end to 6×1 work schedule and reduction of the work week to 40 hours
- Israel kills 31 people in Lebanon on the eve of Eid al-Adha
- Israel carries out sixth consecutive Eid massacre in Gaza
- Far-right Janez Janša to return for fourth government term in Slovenia
- With peace deal nearly final, US launches fresh attacks on Iran
