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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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.

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.

Screenshot 2023-12-21 at 10.24.21 AM Courtesy: Le Monde
21 December 2023

Political risks to Sri Lanka’s economic stability

A stabilising economy in Sri Lanka has eased inflationary pressures and foreign exchange liquidity crises in the past year. As economic recovery steps up, Sri Lanka has also sought free trade agreement-led Asian regionalism. However, with presidential and parliamentary elections scheduled for 2024 and an opposition that wants to renegotiate the IMF agreement, A lasting economic recovery may be derailed by political risks.

asiapng Courtesy: Verité Research
19 October 2023

Lessons from Sri Lanka’s Debt Default

The Sri Lankan economic crisis was the result of years of weak fiscal performance and lack of consistent development strategies. While economic recovery has picked up pace, addressing macroeconomics issues and implementing structural reforms to promote inclusive and sustainable growth is the key to its success

RW Courtesy: zeenews
21 July 2022

The reforms Sri Lanka needs

Sri Lanka's crippled economy requires immediate and robust reforms. India faced similar adversity when PV Narasimha Rao pulled the country out of the economic crisis in 1991. Will new president Ranil Wickremesinghe follow the example of India's 1991 reforms to save his country and economy?