Tuesday, April 19, 2022

Sri Lanka's crisis will get worse, contingency planning for relief must start now

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The country faces two crises - an economic crisis and a political crisis. The government has lost its public legitimacy but the country’s sy...
Saturday, March 26, 2022

SRI LANKA IMF ARTICLE IV CONSULTATION MARCH 2022- HIGHLIGHTS

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Link to full report.  Key highlights: 1. Debt rollover risk is very high. Staff projects FX debt service to reach around US$7 billion in 20...
Friday, March 25, 2022

Macro economic stabilisation

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I noticed that this has become the subject of discussion so it thought it would be worth explaining what this entails. In an open economy (i...
Wednesday, February 16, 2022

Elephants and Poya thoughts

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It is the Navam Full Moon Poya Day today. I saw decorated elephants walking around the park yesterday, in preparation for the ‘Pereheras’ to...
Friday, January 14, 2022

On the LLRC Report

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This is something that I stumbled across while cleaning out some old folders. It was written sometime in 2012 when the LLRC report was first...
Monday, November 22, 2021

Some thoughts on public finance and debt

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 Sri Lanka is now entering the jaws of a debt crisis. The issues were present for decades but started to crystallise over the past two years...
Thursday, January 28, 2021

The social consequences of an economic crisis.

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How does an economic crisis affect ordinary people? It is a difficult question to answer because it depends on many variables including the ...