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…
China Export-Import Bank has become the first of Sri Lanka’s bilateral lenders to finalise foreign debt negotiations. Meanwhile diplomatic relations continue to evolve with the election of Sri Lanka’s new government. Find out more on these latest developments in the third issue of the Sri Lanka – China Economic Brief.
“Career & Care: Supporting Women Who Power Our Economies” is the first issue of the series, Arutha in Focus. This compilation features three articles written by Yenuli Ranaweera and Rojie Ekanayake, originally published in The Morning newspaper, that focus on women in Sri Lanka’s workforce. The articles discuss care work, labor force participation, and the…
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…
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…
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…
This is the first instalment in a series of publications that take a deep dive into the relationship between the Sri Lanka and China in the backdrop of the debt restructuring negotiations following Sri Lanka’s first ever sovereign default. This issue of the Sri Lanka-China Economic Brief takes a look at several key areas including…