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Interview: rising up in Sri Lanka • International Socialism
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LankaWeb – TWO-THIRDS NOD FOR PORT CITY BILL
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The Colombo Port City
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TWO-THIRDS NOD FOR PORT CITY BILL
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Sri Lanka is in a conundrum. its present governance has approved China’s extra-jurisdictional Special Economic Zone (SEZ) in Colombo Port City, right next to its commercial port. The Colombo Port City is a microcosm of how China has rapidly gained an economic foothold in many nations, swaddled within the Belt and Road Initiative (BRI). SEZ or Overseas Economic and Commercial Cooperation Zones (OECCZ) are the
primum principium of
”,
according to Lin Yifu, Chief Economist and former Senior Vice President of the World Bank. It was Lin Yifu who convinced former Ethiopian President Meles Zenawi and submitted a report to Omar Guelleh, the President of Djibouti to follow the OECCZ model. Has all these Chinese OECCZ in Africa and elsewhere considered the host countries’ needs? The 20 zones already established (Refer to Table) raise a question on the degree of contribution to the host nation.