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During a recent speech to the audience at an economics seminar, President Ranil Wickremesinghe suggested that the IMF bailout will require a restructuring of domestic debt, referring to Treasury Bonds and US Dollar-denominated Sri Lanka Development Bonds (SLDBs).
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The recent Sri Lanka-India-China triangular controversy over the docking of the Chinese research vessel Yuan Wang 5 at Hambantota port, once again underscores the need to have a Sri Lankan National Maritime Strategy, a functioning National Security Council (NSC) staffed by experts, and the appointment of a National Security Advisor (NSA).
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As far back as 340–368 AD, King Buddhadasa of Anuradhapura - himself a practicing Ayurvedic physician - pioneered the building of many hospitals in the country. He set up a healthcare system with one hospital for ten villages which were funded by tax on the revenue from fields of the villages.
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The Aragalaya brought to the fore an interesting class of people, small in numbers but certainly effective, at least in terms of delivering the deliverables for which their bosses reward them one way or another. All countries have had such people, Sri Lanka included. Given the circumstances of their current manifestation they could be called ‘NEDdas.’
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The Police Department had sought assistance from the public to identify a group of people whom the police said had forcibly entered the President’s House, the Temple Trees and the Prime Minister’s official residence. This raises the questions whether the authorities are planning to arrest all those who stormed these two state buildings as well
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If anyone is looking for a crash course as to how hard it is to push for genuine democratic reforms from the bottom up, the recent Sri Lankan experience offers one. It is an even more poignant lesson for it once looked like a fairy tale success. Spontaneous night-time vigils held by the citizens, enraged by the rising cost of living and shortage of basic sup
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Preserving democratic values, ensuring the maintenance of democratic standards and strengthening the process of democratization, are formidable measures for any country. When a country....
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A group comprising academics, professionals, individuals from the corporate sector, activists, civil society organisations and clergy issuing a statement, has raised concerns over the country’s authoritarian governance. The full statement is as follows:
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Speaking at the ‘Reform Now’ conference organized by the Advocata Institute, President Ranil Wickremesinghe revealed that the agreement with the International Monetary Fund (IMF) regarding the grant for a restructuring facility which could enable the country to come out of its near bankrupt situation had been postponed to September.
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Small countries cannot insulate themselves from the systemic forces of a great power rivalry unfolding in their neighbourhood. But, with a little bit of common sense, they can make sure that they would not become willing captives of that competitive power dynamic. Howeve
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In 1991, the Indian economy was in dire straits, in some ways like what Sri Lanka has been going through in the past year. Unlike Sri Lanka, India did not default on external loans but was on the verge of it. It pledged its gold hol
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The street protests and the resignation of President Gotabaya Rajapaksa on July 14 was accompanied by a collapse in support for the ruling parties. The nation faces critical economic and political choices, but this did not lead to public consensus about whom to support. That is now changing, with the NPP/JVP emerging as the most popular cho
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Leon Trotsky famously observed, “Politics is more like algebra than like elementary arithmetic, and still more like higher rather than elementary mathematics”. The recent election of President Ranil Wickremesinghe by Sri Lankan members of Parliament appears to be an illustrative example of Trotsky’s statement about Politics being more like Algebra than Arithmetic.
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The ruling Sri Lanka Podujana Peramuna (SLPP) and some of the political parties which were closely connected to it until recently such as the National Freedom Front (NFF) are hell-bent in vilifying and demonizing the people’s uprising, commonly known as the “Aragalaya” that overthrew the Gotabaya Rajapaksa Presidency and proved how unpopular the government dominated by the SLPP is.