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[…]The post How We Came To This Pass: A Quest For Scapegoats appeared first on Colombo Telegraph.
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia’s invasion of Ukraine.The post World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
A Colombo-based human rights groups has called on the Sri Lankan government to do more and take responsibility for seven of its citizens who said they were captured and tortured by Russians in eastern Ukraine.The post Sri Lanka urged to do more for citizens freed after Russian ‘torture’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered
By N Sathiya Moorthy Possibly there is no precedent of the kind elsewhere. By underlining the importance of addressing ‘underlying governance factors and root causes’ that have ‘contributed’ to Sri Lanka’s unprecedented economic crisis, the UNHRC resolution, as Foreign Minister Ali Sabry
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank
The World Bank warned that Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “
By ATANU BISWAS Exactly one hundred years ago, in October 1922, Benito Mussolini and his National Fascist Party seized power through the March on Rome (Marcia su Roma) and became Italy’s youngest Prime Minister. A dark period of totalitarian evolution emerged which eventually would spread wings in some other parts of Europe as well. And […]
Emphasising the importance of strategic economic ties between India and Saudi Arabia, External Affairs Minister S Jaishankar said on Sunday that the collaboration holds the “promise of shared growth, prosperity, stability, security and development”. Jaishankar, who reached Riyadh on Saturday, is on a three-day visit to Saudi Arabia – his first as External Affairs Minister. He […]
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
Wickremesinghe says Sri Lanka is taking some painful reforms to come out of economic crisis
By Michael Kugelman, Pakistan’s Polarization Undermines Crisis Response As world leaders gathered at the United Nations General Assembly this week, the organization estimated that Pakistan’s catastrophic floods have now displaced nearly 8 million people. A health crisis looms: Floodwaters
Series of crises SL has faced have dealt a heavy blow Reviving presents SL with an opportunity to address its long-running challenges by Sanath Nanayakkare Young people are not only the present but also the future; developing plans and policies without them is a futile exercise, they need to be the front and centre of […]
[…]The post HSZ Symbolizes Increasing Economic Insecurity appeared first on Colombo Telegraph.
The British pound has fallen to a record low on Monday against the dollar and other currencies as markets react to the UK government’s biggest tax cuts in 50 years.The post British Pound hits record low against the dollar after tax cut plans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
Chinese FM Wang Yi calls on Russia and Ukraine to ‘keep the crisis from spilling over’ and from affecting developing countries. (Al Jazeera) China and India have called for a negotiated end to the Ukraine war at the United Nations, stopping well short of robust support for traditional ally
Climate change has become the primary challenge of the 21st century. Now that “net zero” goals for carbon emission have gained near-universal acceptance, they will begin to drive transformational economic change through massive waves of investment. Change will sweep across virtually every major industry and activity (from energy to transport, and construction to heavy industry), […]
Are the Chinese still keen on left unity in Nepal ahead of the November 20 elections? The jury is still out. But the debate will certainly be fuelled in the next few days and weeks. Li Zhanshu, the chairman of the Standing Committee of the National People’s Congress of China, is arriving on a three-day official visit […]
By S. V. Kirubaharan in France The United Nations definition of ‘victims’ is as follows: “Victims” means persons who, individually or collectively, have suffered harm, including physical or mental injury, emotional suffering, economic loss or substantial impairment of their fundamental rights, through acts or omissions that are in violation of criminal laws operative within Member States, [̷...
By N Sathiya Moorthy President Ranil Wickremesinghe’s address at the first-ever graduation ceremony of the National Defence College (NDC) in capital Colombo reiterated four points. The first three have been repeated by successive governments and their leaders over the past three decades in particular. Initiated under the predecessor government of President Gotabaya Rajapaksa in the […]
The United Nations food chief has warned the world is facing “a global emergency of unprecedented magnitude” with up to 345 million people marching towards starvation – and 70 million pushed closer to starvation by the war in Ukraine.David Beasley, Executive Director of the UN World Food Programme, told the UN Security Council on Thursday […]
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population
USAID Administrator Samantha Power today announced an additional $40 million in development assistance to Sri Lanka to help farmers purchase fertilizer and other vital agricultural inputs. Power, who is currently in Sri Lanka, made the announcement after meeting farmers and discussing their issues. This assistance will support Sri Lankans as they come out of a […]
Islamabad, Pakistan– United Nations Secretary-General Antonio Guterres has appealed for “massive” global support for Pakistan where unprecedented floods have killed nearly 1,400 people and displaced more than 33 million.Guterres made the appeal as he landed in the Pakistani capital early on Friday morning and was received by Hina Rabbani Khar, the state minister for foreign […]
[…]The post Adopting A Humanist Approach To Empower Youths For National Development appeared first on Colombo Telegraph.
For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]
Mikhail Sergeyevich Gorbachev who died last Tuesday was hardly known outside the Soviet Union when JR Jayewardene made himself Sri Lanka’s President in 1978. Seven years later, on March 11, 1985, Gorbachev would be become the General Secretary of the Soviet Communist Party. He was 54 years old and was the first leader of the […]