The world is facing multiple crises which are shaking the foundations of multilateralism. The West’s structures are faltering, and the need for effective and equitable cooperation is greater than ever. Seventy years after the 1955 Bandung Conference, its principles of sovereignty, territorial integrity, cooperation and solidarity remain vital. This report revisits Bandung’s relevance for today’s reform efforts, urging renewed Global South–Europe collaboration for a sustainable global future.

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.