Debt & Crisis of Survival in Sri Lanka & the World — Global Issues

Debt & Crisis of Survival in Sri Lanka & the World — Global Issues

Anti-government protest in Sri Lanka on April 13, 2022. Credit: Wikipedia Opinion by Asoka Bandarage (washington dc) Friday, August 25, 2023 Inter Press Service WASHINGTON DC, Aug 25 (IPS) – Sri Lanka has been faced with an unprecedented political and economic crisis since the beginning of 2022. The dominant narrative attributes…

Debt Crisis, Neocolonialism and Geopolitical Rivalry — Global Issues

Debt Crisis, Neocolonialism and Geopolitical Rivalry — Global Issues

Opinion by Asoka Bandarage (washington dc) Wednesday, May 11, 2022 Inter Press Service WASHINGTON DC, May 11 (IPS) – Sri Lanka is in the throes of an unprecedented economic crisis. Faced with a shortage of foreign exchange and defaulting on its foreign debt repayment, the country is unable to pay for…