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Debt negotiations are nearing their end and elections are fast approaching. How have China-Sri Lanka relations evolved amid shifting political and economic landscapes? This is the second instalment of a series where we delve into the relationship between the Sri Lanka and China in the backdrop of the debt restructuring negotiations following Sri Lanka’s first…
Arutha together with Factum completed the first phase of our economic journalism training with several sessions for local media platforms across the country including News19, DreamSpace Academy, Mojo News, Newswire and Hari TV. These were carried out in English and Sinhala languages. The trainings covered Sri Lanka’s latest economic crisis, current developments as well as…
Sri Lanka is fast approaching a Presidential Election against a backdrop of substantial economic challenges, including high living costs, complex debt negotiations, and a range of reforms. Presidential candidates and political parties have put forth several economic policies and campaign pledges aimed at addressing these urgent issues. Regardless of the eventual electoral outcome, it is…
Arutha and The Asia Foundation office in Sri Lanka jointly hosted a discussion on Sri Lanka’s debt restructuring process featuring Théo Maret, an analyst specialising in sovereign debt and economist Umesh Moramudali. The event welcomed participants from civil society, think tanks and diplomatic personnel.
Yolani Fernando and Umesh Moramudali from Arutha recently contributed to the report, The Political Economy of Debt, funded by The Asia Foundation. This publication focuses on the political economy of South Asian nations and its effects on public debt dynamics. The chapter on Sri Lanka delves into the structural issues that led to the country’s…
As wealth inequality increases globally, sentiments in favour of taxing the wealthiest in society continue to gain momentum. Although Sri Lanka experimented with taxes on wealth shortly after its independence, many of these measures have since been abolished. There are only a few minor taxes on assets at present, and these contribute little to government…