Paradise Squandered – What Really Happened to Sri Lanka’s Economy
Since the 1990s, successive Sri Lankan governments committed three cardinal sins, which may be forgivable on their own, but together form an unholy trinity of economic disaster…
Since the 1990s, successive Sri Lankan governments committed three cardinal sins, which may be forgivable on their own, but together form an unholy trinity of economic disaster…
Reforms have been sidestepped so far by successive governments due to their political ideologies and fears of upsetting the status quo, creating the explosive crisis that is currently threatening the wellbeing of their citizens.
On 12 April 2022, for the first time in its history, Sri Lanka defaulted on its sovereign debt. There are many reasons as to why we are here and many people and institutions to take the blame. But there is also a lot of misunderstanding and misinformation about the current economic crisis. Our mission at…