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IMF chief Kristalina Georgieva did not mince her words about emerging and heightening crisis tendencies in the global economy. She said, among other things recently, that the IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people
By Saman Gunatilake MBBS, MD, FRCP, FCCP, Hon FRACP Emeritus Professor of Medicine, University of Sri Jayewardenepura Consultant Neurologist One of the most quoted phrases of Karl Marx, the German philosopher and political theorist, popularly known as the ‘Father of Communism’, is “History repeats itself, first as a tragedy, second as a farce”. This quote […]
[…]The post Sri Lanka Is Still In Deep Trouble, With Or Without Ranil appeared first on Colombo Telegraph.
[…]The post Four Popular Fallacies Relating To Central Banking appeared first on Colombo Telegraph.
[…]The post Why Sri Lanka Needs A Fusion Center For Information Sharing appeared first on Colombo Telegraph.
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia
By Neville Ladduwahetty During his address to the “Economic Dialogue – IMF and Beyond”, the President “declared that Sri Lanka is at a crossroad and it was the nation’s last chance to forge ahead or fail (Daily FT, 31, 2023). Now that Sri Lanka has committed itself to the terms and conditions stipulated by the […]
[…]The post Threats To The Hegemony Of The US Dollar appeared first on Colombo Telegraph.
[…]The post IMF Bailout: Why This Concern About Good Governance, Anti-Corruption Laws & An Independent Central Bank? appeared first on Colombo Telegraph.
Finland’s main conservative party claimed victory in parliamentary elections Sunday in a tight three-way race that saw right-wing populists take second place, leaving Prime Minister Sanna Marin’s Social Democratic Party in third, dashing her hopes for reelection. The center-right National Coalition Party (NCP) claimed victory with all of the votes counted, coming out on […]
An open letter to President Ranil Wickremesinghe Recent articles in the local press have publicised the government plans for introduction of nuclear power plants to Sri Lanka with Russian support. A similar decision was taken way back in 2010, by the then President to bring nuclear power plants to Sri Lanka from South Korea. At […]
[…]The post Vladimir Putin, Xi Jinping & Joe Biden appeared first on Colombo Telegraph.
Sri Lanka in the throes of the worst economic crisis since Independence has resorted to some desperate action; it has for the first time in its history declared bankruptcy, suspended debt repayment, secured an IMF bailout for the 17th time, and agreed to extremely stringent loan conditions, which have already caused social unrest with people […]
Calling India a rising power and a powerful economy, Iranian Envoy to India Iraj Elahi said that India is strong enough to resist the pressure of the West as it resisted the pressure of buying oil from Russia. The Envoy also hoped that India would start importing oil from Iran adding
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post Conflict Resolution Might Be The Way Out? appeared first on Colombo Telegraph.
BBC reported that the International Monetary Fund (IMF) says it has reached an agreement with Ukraine on funding worth $15.6bn (£12.8bn). The organisation’s first loan to a country at war is expected to be approved in the coming weeks. It would also be one of the largest financing packages Ukraine has received since Russia’s invasion. […]
[…]The post Death Penalty Again In Focus: An Efficient Criminal Justice, The Only Answer appeared first on Colombo Telegraph.
problems in international security and the global economy […]
Finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countries had “desta...
BBC reported that finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countrie...
Sri Lanka needs to get back to growing its economy. It needs a new push towards development, one that harnesses good ideas and creates wealth for all its citizens. The name of the game is wealth creation – for all. Then governments will have something to tax! But somehow, little Sri Lanka hasn’t
[…]The post Ballot Or Bloodbath? appeared first on Colombo Telegraph.
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
Imran Khan lauds India’s foreign policy and the stand taken for the benefit of the people. “There are two kinds of people in life: those who like India and those who do not.” Former Pakistan Prime Minister Imran Khan obviously falls into the first category of people. Khan has often expressed his admiration for India’s […]
[…]The post Ranil’s Prospects At The Next Election appeared first on Colombo Telegraph.
Lihini Seafoods, Sri Lanka’s award-winning seafood exporter with over two decades of experience, has officially launched its Lihini Frozen Range of products at selected LAUGFS supermarkets giving local customers the chance to enjoy the freshest seafood made to international standards. Lihini Frozen Range includes an exciting range of high-quality frozen sea food such as fish, […]
By Shamindra Ferdinando Eric Walsh presented his credentials to President Ranil Wickremesinghe, on Feb. 02, at the President’s House in Kandy. Wickremesinghe was flanked by Foreign Minister Ali Sabry, PC, and Presidential Secretary Saman Ekanayake. Canada, with the concurrence of Sri Lanka, appointed Walsh as High Commissioner of Canada to Colombo. Walsh, who had served […]
[…]The post 75 Years Of Non-Democracy In Our Democratic Nation appeared first on Colombo Telegraph.