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Sri Lanka succumbs to Chinese investment trap

Sri Lanka is battling one of its worst economic crises in over seven decades, as successive governments in the island nation have ignored sovereign bonds to Sri Lanka, with China being a major lender.

China dismisses Wijeyadasa s concerns and pushes for FTA – The Island

Chinese investment in Sri Lanka ‘Jaffna is not situated south of any country … there is no hidden agenda’ By Shamindra Ferdinando Chinese Ambassador to Colombo Qi Zhenhong said yesterday Beijing wanted to have a Free Trade Agreement (FTA) with Sri Lanka and emphasised the pivotal importance of concluding the FTA soon. The Ambassador discussed […]

LankaWeb – The Rajapaksa Dynasty in Sri Lanka: Democracy in Decline

Posted on August 4th, 2021 By  Paikiasothy Saravanamuttu Courtesy The Diplomat COVID-19, an economic crisis, and a majoritarian dynasty at the helm: Sri Lanka’s future hangs in the balance. Sri Lankan President Gotabaya Rajapaksa was swept into power with 6.9 million votes in November 2019 and subsequently saw his party’s control bolstered with a two-thirds majority in Parliament in the general election of August 2020. Yet by the summer of 2021, the popularity of the Rajapaksa presidency and regime is fast eroding. Social media in particular is rife with criticism of the president and his government, and there have been strikes in the health, education, administration, electricity, railways, and plantation sectors in recent months.

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