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Sri Lanka s Debt Restructuring Roadmap: Following the Evidence – The Island
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July 83 carnage, July 22 anarchy, and July 23 towards recovery – DailyNews
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By Dr Dushni Weerakoon:
Debt restructuring is fundamentally about allocating the associated economic costs to someone. The onus is typically on the debtor country to secure participation from its creditors, applying comparable treatment to all. As with all negotiations, the level and modalities o
harini. well, i think there s a lot . more that needs to happen before we can be guaranteed that people will not get - on the streets because the key problems that led to the crisisl have not been resolved. we talked about minister sabry talked about the full crisis, i but what we are seeing now the lack of queues - is not because there s - a sufficient supply of fuel, it s because fuel- has been restricted. so this cannot go on indeterminately, - there has to be some resolution for this, i and also, what i see is that this is notjust - an economic crisis. this is a political crisis. when people got on the streets last year, people were - demanding a change in the political culture. i they were demanding a change in the political system. - well, they saw off the president, didn t they? imean, rajapaksa. yes, that s part one. ..went to singapore and resigned by e mail from there. laughs that s part one. they got rid of someone they didn t like. - but have we replaced . the person
there s a lot of people are gone, yes, 312,000, but even in 2014, 304,000 people left, they will go for a better standard. so what the alternative is is to provide an opportunity here in sri lanka so that we can retain them and there is opportunity for them. but even in india, in the early 805, people started to go. now they have come back and they have started coming back. i m hopeful, if we all work together without this partisan approach, we can rebuild our country. foreign minister ali sabry, harini amarasuriya, opposition mp, and economist dushni weerakoon, thank you very much indeed. that s all from this edition of global questions on whether sri lanka is managing to put a lid on the political discontent, which was triggered by that economic crisis. and i hope we ve also discussed some of the lessons learned for other countries beset by similar problems. remember we are the programme that brings you the trend lines behind the headlines. from me, zeinab badawi, from here in col
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