Mahinda Rajapaksa — 9DASHLINE

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.

South Asia9DLNovember 21, 20229DashLine, Why Sri Lanka’s default was not caused by China, Marina Rudyak, Sri Lanka, IMF, International Monetary Fund, China, Debt trap, Debt Trap, debt trap diplomacy, Debt Trap Diplomacy, Foreign Debt, Chinese debt restructuring, debt-trap diplomacy, Hambantota Port, Hambantota, Hambantota debt-trap, Deborah Brautigam, Brahma Chellenay, geostrategic, China Merchants Holding, Reuters, Sri Lanka’s Finance Minister Ravi Karunanayake, Ravi Karunanayake, loans, foreign loans, Harvard, US State Department, Debtbook Diplomacy, 2018 US National Defence Strategy, economic coercion, US Vice President Mike Pence, Mike Pence, predatory lending, debt diplomacy, China Eximbank, international sovereign bonds (ISBs), international sovereign bonds, ISBs, BRI, Belt and Road, Belt and Road Initiative, Umesh Moramudali, Thilina Panduwawala, default, President Mahinda Rajapaksa, Mahinda Rajapaksa, Sri Lanka’s civil war, global financial crisis of 2007-2008, global financial crisis, Rajapaksa government, Ranil Wickremesinghe, World Bank, Public and Public Guaranteed (PPG) debt, PPG, state-owned enterprises, social credit system, creditor, debitor, lender, borrower, India, Japan, G20 Common Framework, middle-income country, Covid-19

What lies beneath the iceberg, delving deeper into #GotaGoHome

Written by Nathasha Fernando

Wickremesinghe is therefore in a clear dilemma as he is not only expected to negotiate with the International Monetary Fund for a sovereign debt bailout, debt restructuring, and economic recovery plan but to also appease Sri Lanka’s minorities and their broader calls for accountability.

Sri Lanka in crisis: Why the past lives on in its collective future

Written by Ambika Satkunanathan

The determination of the Rajapaksas to stay in power seems partly due to their inability to comprehend protestors’ demands for accountability or to internalise their descent from god-like status to memes and jokes.

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.