This handout photograph taken and released by the Sri Lanka President's Office on September 23, 2024 shows Sri Lanka's new President Anura Kumara Dissanayaka attending his swearing-in ceremony, in Colombo. - Sri Lanka's first leftist president was sworn in to office on September 23 vowing to restore public faith in politics but said he had no magic solution to the hardships suffered following an unprecedented economic crisis. (Photo by Sri Lanka President's Office / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO/SRI LANKA PRESIDENT'S OFFICE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS Courtesy:
3 October 2024

Sri Lanka’s new positioning

The new Sri Lankan government led by President Anura Kumar Dissanayake held its first meeting with the International Monetary Fund on October 3, to discuss further debt relief. Dissanayake, who overcame voter apprehension in the country’s presidential elections held two weeks ago, now has a historic opportunity to bring Sri Lanka out of the crisis and enable a compassionate and efficient transformation.

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19 September 2024

Unfolding Geopolitics, Episode 12 | Sri Lanka goes to the polls

The presidential election in Sri Lanka on September 21 is the country's first since its economic crisis of 2022. Dr S D Muni, Professor Emeritus at the School of International Studies, Jawaharlal Nehru University, discusses major issues on the ballot, principal candidates in the race and their policies, long-term social and political trends, and takeaways for the Sri Lankan parliamentary elections due later this year.

sl elections Courtesy:
5 September 2024

The pivotal presidential election in Sri Lanka

The economic agenda is the key issue in the Sri Lankan Presidential elections to be held on Sept 21. This island nation is seeking a return to prosperity through relief from onerous debt, reduced corruption, an effective bureaucracy, and constitutional and economic reforms. The five principal players in the race, however, have varied agendas that may not fulfil all of the people’s needs and desires.

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27 August 2024

Sri Lanka: from debt default to transformative growth

Sri Lanka’s sovereign debt default in 2022 triggered the worst economic crisis in the country’s post-independence history. By mid-2024, the economy started showing signs of recovery, with a performance higher than other debt-defaulting nations and exceeded IMF expectations. The current stable path, however, is not enough. Sri Lanka needs to shift its economic trajectory from one of debt distress to sustained growth over the next few years.

handbook Courtesy:
27 June 2024

The Routledge Handbook of South Asia: Region, Security and Connectivity

The authors convincingly analyse the bewildering diversity, size and scale of the challenges of South Asia in a volume that is a rare treasure for those interested in deciphering the history, ethnic identities, colonial legacy, political economy, environmental risks, and geopolitical dynamics of the region.

Tourists visit Gangaramaya Buddhist temple in Colombo, Sri Lanka April 25,2024. REUTERS/Dinuka Liyanawatte Courtesy:
6 June 2024

Sri Lanka confronts illegal tourist ventures

Asian nations like Sri Lanka have seen a rush of Russian and Ukrainian tourists over the last two years. They discover salubrious climes and overstay their visas to start small businesses. It has helped Sri Lanka boost tourism after its 2022 debt default but also created economic problems for locals. It is necessary to identify trade-offs between economic benefits and security threats associated with extended-stay tourism.

SriLankaCrisis Courtesy: Business Standard
9 May 2024

Sovereign default and economic crisis in Sri Lanka

In April 2022, Sri Lanka defaulted on its foreign debts kicking off its worst economic downturn in over 70 years. In a paper for the Institute of South Asian Studies, Ganeshan Wignaraja examines key policy, the benefits of IMF support, and the role that Indian aid has played in Sri Lanka’s recovery while emphasising potential risks of its upcoming presidential and parliamentary elections.

SA trade Courtesy: Hindustan Times
15 February 2024

South Asia’s trade architecture matters

South Asia requires resilient and cost-effective regional supply chains. This can be achieved through Indian investment, fostering local linkages while reducing dependency on Chinese financing of regional partners. A new approach enhances India's regional influence, creating a win-win scenario for the entire South Asian neighbourhood in a changing global landscape.

skynews-colombo-sri-lanka-port_5811767 Courtesy: Reuters
1 February 2024

Pulling Sri Lanka out of the abyss

Sri Lanka has demonstrated signs of recovery following the stabilising policies implemented by the Wickremesinghe government. However, the road ahead for economic recovery is long, with risks associated with the upcoming Presidential elections, geopolitical tensions and debt restructuring.