Tagged Devaka Gunawardena

Sri Lanka’s IMF Agreement Will Not Alter the Trajectory of a Collapsing Economy

Ahilan Kadirgamar, Devaka Gunawardena and Sinthuja Sritharan Without a major course correction in its economic trajectory and a significant “haircut” on its external debt, the country will likely be knocking on the door for another IMF pact. It could face another default in a few years. The International Monetary Fund (IMF) executive board’s approval of loans is…

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No International Economic Fix for Democracy in Sri Lanka

The Sri Lankan peoples’ calls for change cannot be set aside with quick economic fixes. Ahilan Kadirgamar and Devaka Gunawardena write: Just a few weeks ago, it looked like the regime of President Gotabaya Rajapaksa was on the ropes. On 9 May, the supporters of his brother and the then Prime Minister Mahinda Rajapaksa, attacked protestors, especially…

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