IMF — 9DASHLINE

The changing dynamics of the Japan-Sri Lanka relationship

Written by Varuna Shankar

Japan provides the opportunity for Sri Lanka to reduce its dependence on China for economic reform, while Sri Lanka provides Japan an opening to penetrate deeper into the South Asian market.

South Asia9DLFebruary 26, 20249dashline, varuna shankar, The changing dynamics of the Japan-Sri Lanka relationship, Japan-Sri lanka relationship, investment, Southeast Asia, Japanese Foreign Minister Yoshimasa Hayash, Japanese Foreign Minister Yoshimasa Hayashi, digital econo, digital economies, MOU on port development, financial crisis, Gotabaya government’s dependence on Chinese financial assistance, 2.9 billion bailout from the IMF, Sri Lanka's strategy, economic freefall, humanitarian crisis, twin deficit, COVID-19 stagnation, tourism industry, Gotabaya administration, Jaya Container Terminal project, Sri Lanka Ports Authority, East Container Terminal, jointly develop the East Container Terminal, Ports Authority, funded by Japan, Memorandum of Understanding (MoU) was cancelled, Japanese-funded light rail transit (LRT) project was suspended, Tokyo and Colombo, India-Sri Lanka bilateral relationship, West Container Terminal, 52 per cent of Sri Lanka’s bilateral debt, Sri Lanka's debt, World Bank, IMF, Japanese Ambassador to India Hiroshi Suzuki, Free and Open Indo-Pacific, Prime Minister Fumio Kishida’s vision, Japanese investments, Japan International Cooperation Agency (JICA), Bandaranaike International Airport, viaduct at Bandaranaike International Airport, apanese Maritime Self-Defence Force, connectivity infrastructure in Sri Lanka, devaluation of the local currency, Colombo, investment zones, South Asian market

Sri Lanka gradually returns to macroeconomic stability, but risks remain

Written by Anjali Hewapathage and Thilina Panduwawala

It may be true that Sri Lanka is on a path of economic recovery, but, despite the ambition and compliance to continue growth, it might prove challenging as risk factors play out both locally and globally.

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Germany’s new China Strategy – A roadmap for climate foreign policy

Written by Belinda Schäpe

Germany’s China Strategy is a first attempt to address climate change in a key foreign policy strategy, encapsulating all related areas, and going beyond empty cooperation rhetoric.

Europe and the Indo-Pacific9DLAugust 18, 20239dashline, Belinda Schäpe, Germany’s new China Strategy – A roadmap for climate foreign policy, Germany, China, German Strategy on China, bilateral relationship, climate change, Beijing, climate cooperation, climate engagement, strategic cooperation, accountability, green tech, multilateral finance, climate foreign policy, global responsibilities, climate targets, coal power, Xi Jinping, global coal pipelines, energy security concerns, global green transition, climate finance, Paris Agreement, Belt and Road Initiative, South-South Climate Cooperation Fund, multilateral funds, multilateral financial system, emerging debt crises, developing countries, Paris Summit for a New Global Financing Pact, climate negotiations, G20, World Bank, IMF, foreign policy, economic agendas, Europe, green tech supply chains, (geo)political tool, Nancy Pelosi, Taiwan, human rights, de-risking, green technologies, energy supply, International Energy Agency, Carbon Border Adjustment Mechanism, CBAM, carbon intensive products, Climate and Transformation Dialogue, industrial decarbonisation, National Security Strategy, Germany-China Memorandum of Understanding

Sri Lanka is finally on board with the IMF: What’s next?

Written by Nashalie De Silva and Thilina Panduwawala

It will be crucial to communicate the need for these tough reforms to voters and ensure that they benefit from the economic recovery.

South Asia9DLApril 17, 2023Sri Lanka is finally on board with the IMF: what’s next?, 9dashline, Nashalie De Silva, Thilina Panduwawala, Sri Lanka, International Monetary Fund, IMF, IMF Executive Board, Extended Fund Facility, IMF Staff-Level Agreement, economic crisis, economic recovery, debt, Debt trap, debt restructuring, debt relief, creditor, China, Debtbook Diplomacy, debt trap diplomacy, Belt and Road Initiative (BRI), India, Paris Club, China Development Bank (CDB), loans, COVID-19 pandemic, tax cut, USA, Export-Import Bank of China, moratorium, IMF Board Approval, IMF Debt Sustainability Analysis (DSA), IMF Staff Report, Letter of Intent, inflation, unsustainable public debt, Zambia, Ecuador, low-income country, market-access country, fiscal consolidation, populist politics, Gotabhaya Rajapaksa, technocrats, economic reforms, anti-corruption, Sri Lanka is finally on board with the IMF: What’s next?

2023: More tumultuous times ahead for Sri Lanka?

9DASHLINE asks several experts how they assess the prospects for political and economic recovery in 2023 after the turbulence of last year.

South Asia9DLFebruary 2, 20232023: More tumultuous times ahead for Sri Lanka?, 9DashLine, Sri Lanka, economic crisis, anti-government protests, Gotabaya Rajapaksa, economic recovery, RAJNI GAMAGE, Unsustainable debt, balance of payment challenges, bankrupt, foreign debt obligations, Mass protests, World Bank, poverty, IMF, tax reforms, state-owned enterprise reforms, geopolitics, balancing game, India, Japan, Western powers, China, debt restructuring, democracy, police surveillance, arrests, political opposition, emergency laws, military, rule of law, ASANGA ABEYAGOONASEKARA, Rajapaksas, powder keg, people’s uprising, Ranil Wickremasinghe, iron fist, Prevention of Terrorism Act (PTA), economic hardship, law and order, Ukraine war, oil prices, Colombo, financial assistance, political-economic crisis, internal and external geopolitical shocks, BHAGYA SENARATNE, currency default, youth-driven protests, Economic stability, political stability, popular mandate, legitimate president, Extended Fund Facility (EFF), inflation, accountability, attitudinal change

Pakistan’s fatiguing interest in the IMF reform program

Written by Asad Ejaz Butt

While Pakistan does not have any alternate short-term options other than returning to the IMF, it can consider structural reforms, like targeted subsidies and rationalisation of current expenditure through fiscal prudence and better management of state resources.

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Why Sri Lanka’s default was not caused by China

Written by Marina Rudyak

Precisely because China is the world’s largest bilateral creditor, and many of its borrowers face the risk of excessive debt, it matters to get things right in the analysis of lender-borrower relations.

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Ranil Wickremesinghe’s quest to bring ‘stability’ to Sri Lanka

Written by Isha Gupta

Sri Lanka’s new government should focus less on restoring its previous ‘stability’ and do everything in its power to build a new governance system to prevent future policy failures and reflect the protestors’ demands.

Sri Lanka’s political-economic crisis and its new president

Written by Asanga Abeyagoonasekera

While internal political maturity is required to emerge from the political-economic crisis with objective policy measures, Sri Lanka needs immediate regional and extra-regional assistance to help the country stabilise through the existing political model or through democratic elections in the coming months.

Sri Lanka’s economic crisis: A new regime, politics at play?

Written by Neha Gupta and Guido Cozzi

It is often observed that the dismal performance of a country on socio-economic-political indicators is indicative of the value extracting role of elites in that country and vice versa for the value contributing elites.

Imran Khan — the end of a civilian dictator

Written by Ayesha Siddiqa

Indeed, in his political career spanning about two decades, he never learned the art of adjustment, honouring commitments, or following principles. He remained a good agitator, a master in building a popular narrative and catching people’s imagination, but without the capacity to deliver.

Sri Lanka’s national economic crisis and its impact on foreign relations with China

Written by Rajni Gamage

Sri Lanka’s latest national economic crisis is also triggering a crisis in its foreign policy. The country’s government is compelled to diversify its foreign policy engagement in order to manage its relatively large foreign debt.

Sri Lanka: Navigating geopolitics, regional asymmetry, and a national crisis

Written by Nilanthi Samaranayake

Outreach to address COVID-19 economic distress perpetuates the inaccurate perception that Sri Lanka is heavily indebted to China and is therefore prone to advancing Beijing’s geostrategic ambitions.