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by Jayasri Priyalal Jayasripriyalal59@gmail.com The greatest challenges confronting the nation-states in the current era revolve around; deplorable debt, depleted natural resources, and degraded environment. Economic growth and future prosperity for all living beings are stalled due to the varying degrees of the 3D problems emerging out of ill-conceived policy divergences propelling the linear eco...
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation […]
[…]The post Good Governance & Economic Development appeared first on Colombo Telegraph.
[…]The post Lanka: Dilemmas & Economic Programmes – Do We Consume More Than We Produce? appeared first on Colombo Telegraph.
[…]The post Who Or What Made Us Insolvent appeared first on Colombo Telegraph.
[…]The post 182 Experts Call For Debt Cancellation But Private Investors Play Hardball appeared first on Colombo Telegraph.
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
[…]The post Sri Lanka Tamils: No Choice But To Join GotaGoGama, Stay Put Or Go Abroad appeared first on Colombo Telegraph.
By Easwaran Rutnam The United Kingdom (UK) is in talks with Paris Club members on potential solutions to Sri Lanka’s unsustainable debt. The Paris Club is a group of officials from major creditor countries whose role is to find co-ordinated and sustainable solutions to the payment difficulties experienced by debtor countries UK Parliamentary Under-Secretary at […]
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
A laudable goal that needs much more workSocial justice to be the Government’s development philosophy The development philosophy of the present Government, as pronounced in the Annual Report of the Ministry of Finance and Planning for 2011 released two weeks ago, is a blend of social justice with economic progress (p 14). This is a ...
Government’s commitment: Will improve state enterprises The Annual Report of the Ministry of Finance and Planning for 2011, just released, has, among many others, one important positive message for the nation. It has reiterated the Government’s commitment, as it had done earlier too, to improving the performance of what it calls State Owned Business Enterprises ...
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross
What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...
President Mahinda Rajapaksa will inaugurate tomorrow the three-day Rotary South Asia Conference for Development and Cooperation hosted by Sri Lanka. The President will address the ceremonial inauguration on Sunday at 9 a.m. at Galadari Hotel whilst the conference will be held at Cinnamon Grand. Around 300 delegates and speakers of repute from the corporate and ...
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