The Peril of going to the IMF: Is there an alternative?-by Chandre Dharmawardana Source:Island The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers of the West. This “about turn” by Gotabaya Rajapaksa fitted perfectly with the views of his successor Mr. Wickremasinghe. JRJ’s “import and sell” consumer economy Gavin Karunaratne, a retired civil servant of the 1950-1970s era, has published a new booklet entitled “How the IMF’s structural adjustments destroyed Sri Lanka” (Godage Publishers) where he claims that today’s ills are a direct consequence of JR Jayawardena’s IMF-inspired policies. JRJ converted Sri Lanka’s “produce locally to consume and sell” economy of the Sirimavo era, to a post-1977 “import ...

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‘A’ (Aragalaya) Day in Sri Lanka. – By Dr Harold Gunatillake Website: www.Doctorharold.com Transcript: 9th July 2022 becomes an epoch-making day in the history of Sri Lanka since getting Independence in 1948 from the British. This video should be preserved in your archives for posterity, as this sort of unique organized event may not be visible in the future in a developing world. Even despite shortages of essential items such as petrol, gas, and food, on the brink of starvation, the youth joined to protest against the governing body, mainly focusing on President Gotabaya and prime minister Ranil Wickremasinghe who had no mandate from the people, and was successful through protestation to get rid of them, who brought this country to bankruptcy, over months climaxing success on this day the 9th July. This video reveals a glimpse of the struggle the ‘Aragala’ or struggle group shows to achieve that end. Please ...

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News In Sri Lanka – by Dr harold Gunatillake   Website: doctorharold.com Transcript: Bringing the most important latest news to your doorstep “If the ongoing protests diminish through fatigue and fail to monitor Wickremasinghe, Lanka’s fall into the abyss will not only be inevitable but extremely painful as well”. Sasanka Perera-Professor of Sociology and Dean of Social Sciences at South Asian University, New Delhi. In his first interview since taking office, Mr Wickremesinghe told the BBC he would ensure families get three meals a day. Appealing to the world for more financial help, he said, “there won’t be a hunger crisis; we will find food”. The new PM described the Sri Lankan economy as “broken”, but he said his message to Sri Lankans was to “be patient; I will bring things back”. Sri Lanka’s political and socio-economic disaster turned into deadly combat between the progovernment thugs with the backing of Mahinda ...

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A story to tell by SOMASUNDARAM SKANDAKUMAR Source: Australian Department of Foreign Affairs & Trade In  February 2017, my team and I at the Sri Lankan High Commission in Australia was informed that then-Prime Minister (PM) Ranil Wickremasinghe had been invited to deliver the keynote address and accept an honorary doctorate at the Deakin Law School graduation. We immediately communicated the news to  Australia’s Department of Foreign Affairs and Trade (DFAT) and inquired if the trip could be made into an official state visit – after all, that year marked  the 70th Anniversary of diplomatic relations between Australia and  Sri Lanka, and it was over 60 years since a Sri Lankan PM had made an  official state visit to Australia. The request was well received, and the dates were fixed for February. Earlier, the High  Commission learnt that Sri Lanka Cricket had confirmed a brief tour to  Australia for a ...

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K.K.S. Cement Factory   KKS cement factory to be revived Source:Dailynews One of Sri Lanka’s well known post-independent manufacturing legends is returning to life as broad consensus was clinched for its revival in Jaffna on Monday. Northern MPs have welcomed the revival of the defunct Kankesanthurai Cement Factory (KCF), at Kankesanthurai. Industry and Commerce Minister Rishad Bathiudeen has received support from area MPs at a meeting at the Jaffna District Secretariat. Lanka Cement factory at Kankasanturai (KKS Factory) was a pioneering northern industrial development project that commenced in 1950 under the Department of Industries and was converted to a Public Corporation in 1956, being named as Kankesan Cement Works.   ...

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