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The Socio-Economic Situation in Sri Lanka: Current Challenges and Strategies for a SelfSufficient Future, as I perceive it as an ordinary citizen. – By Dr Harold Gunatillake IMF Executive Board Completes the Third Review Under the Extended Fund Facility Arrangement with Sri Lanka The IMF Executive Board completed the Third Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $334 million) to support Sri Lanka’s economic policies and reforms. This is the fourth tranche Sri Lanka receives under the IMF- EFF, and the total IMF financial support disbursed so far has increased to SDR 1.02 billion (about US$1.34 billion). Introduction Understanding Sri Lanka’s socio-economic landscape is crucial. Despite being a small island, its strategic location has drawn traders and invaders. Once a British colony for 155 years, Sri Lanka gained independence in 1948. However, post-independence self- rule ...

Mar 5, 2025 Posted by In Articles, Dr harold Gunatillake Tagged , , , , , , , , , ,
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“Sri Lanka Today: An Overview of the Current Situation” – By Dr Harold Gunatillake Explore the pearl of the Indian Ocean. Swathed in lush rainforest, rice paddies and tea plantations, Sri Lanka is a tropical island gem that captivates visitors with its idyllic beaches, abundant wildlife, verdant hill countries and wealth of ancient Buddhist and Hindu architecture. Is this the comeback of Sri Lanka’s tourism industry? $1.5 Billion Revenue Suggests So Through targeted promotions, improved airline services, and strategic visa policies, Sri Lanka is inching closer to its goal of attracting 2.5 million tourists this year. Introduction Peden Doma Bhutia Hello everyone! Welcome back to our channel. Today, we are deviating from health talks and looking closer at the current situation in Sri Lanka. From the economy and politics to social issues and recent events, we’ll cover everything you need to know about what’s happening in this beautiful island nation. ...

Aug 19, 2024 Posted by In Articles, Dr harold Gunatillake Tagged , , , , , , , , , , , ,
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Does Sri Lanka have a balanced Foreign Policy with China? By Arundathie Abeysinghe Sri Lanka’s foreign policy challenges come to the forefront as it struggles with the complicated dynamics of maintaining neutrality whilst participating in economic cooperation with powerful states, especially China. Long-term lease of Hambantota Port, presence of Chinese submarines “Shi Yan-6” in October 2023 and ‘Yuan Wang-5’ in August 2022 including plans for a Chinese radar base are major issues which raise questions regarding the foreign policy of the island nation. Neighboring countries, including India is agonized that ports in Sri Lanka could become pit-stops for Chinese vessels to re-stock supplies and fuel. Is Sri Lanka caught up in a strategic port deal with China? After struggling for many years to repay the massive loan obtained by the Rajapakse regime, in 2017, Sirisena-Ranil government handed over the port to China on a 99-year lease. During the handing-over ceremony ...

Jun 8, 2024 Posted by In Articles, Arundathie Abeysinghe Tagged , , , , , , , , , , , , , , , , , ,
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