Wednesday, May 15FROM THE RIVER TO THE SEA, PALESTINE WILL BE FREE

Sri Lanka

Debt Colonization by IMF and World Bank: Sri Lanka Should Take Lessons from Argentina
Argentina, Sri Lanka

Debt Colonization by IMF and World Bank: Sri Lanka Should Take Lessons from Argentina

By Shenali D Waduge Global Research, US-India regime change in Sri Lanka in 2015 & multinational corporations promoting Mauricio Macri as President of Argentina also in 2015 have similarities. IMF/WB began playing key roles after the regime change. IMF & World Bank have a history of turning poor Global South nations into LOAN ADDICTS & then saddling them with DEBT. Loans debts are a new form of colonization. More loans are given to repay loans as well as to survive which only adds to the spiraling debt. Spiralling debt means the need to secure more loans & this impedes any programs for self-sufficiency. Self-sufficiency is curtailed by getting developing nations to accept IMF neo-liberal free market models as ‘their solution’ to ‘restoring...
The Sri Lankan Crisis
Sri Lanka

The Sri Lankan Crisis

Sri Lankan Crisis Nirmala Rajasingam is an organiser with the Movement for People’s Struggle Sri Lanka (UK) which has been organising protests in London in solidarity with the Sri Lankan people, and a long-term activist with South Asia Solidarity Group. Can you give a very brief overview of the economic crisis in Sri Lanka, its causes and the kinds of effects it has had on different sections of working people? The Sri Lankan Government declared the country bankrupt in April 2022, and defaulted on its external debt payments as it ran out of dollar reserves. The acute  shortage of food, fuel and medicines brought the desperate Sri Lankan people to the streets in their millions and they drove the President Gotabaya Rajapakse and Prime Minister Mahinda Rajapakse from of...
Asia’s new ‘Donors’: the Paris Club and Dollar Debt Colonialism
India, Sri Lanka

Asia’s new ‘Donors’: the Paris Club and Dollar Debt Colonialism

Wither Reform of the International Development Architecture? By: Fabio Giuseppe Carlo Carisio by Darini Rajaisngham-Senanayake Dr. Darini Rajasingham-Senanayake, is a Social and Medical Anthropologist, based in Colombo, Sri Lanka. All links to Gospa News articles have been added aftermath. As the visiting International Monetary Fund (IMF), team boarded a return flight to Washington DC after a week in Colombo, the Paris Club, stepped in though a revolving door at the strategic Indian Ocean island’s Bandaranaike International Airport in the first week of September. The signing of a ‘Staff Level Agreement’ with the deeply unpopular ‘Ranil Rajapakse’ regime accused of Economic Crimes was announced before the IMF team’s departure. However, the contents of the agreement ...
Sri Lanka’s Political and Economic Crisis
Sri Lanka

Sri Lanka’s Political and Economic Crisis

BY KENNETH SURIN 2022 Sri Lankan economic crisis, people wait for long time to refill liquefied petroleum gas cylinders. Photograph Source: AntanO – CC BY-SA 4.0 Sri Lanka, an island of 22 million people, continues to be in the grip of its worst economic and political crisis since independence on 10 February 1948. Since April there have been protests against extensive shortages of food and fuel, as well as a profound crisis of trust in Sri Lanka’s political institutions, primarily parliament and the presidency (both have faced repeated charges of corruption and nepotism for decades, a situation unable to be surmounted by a cowed judicial system). The heart of the anti-government movement, at this point, was a demand for the resignation of the strongman president Gotab...
Lessons for India from the Sri Lankan Crisis
India, Sri Lanka

Lessons for India from the Sri Lankan Crisis

Posted by: John Phoenix by Dipankar Bhattacharya July 9, 2022 will go down in Sri Lankan history as the day when the lethal combination of an acute economic crisis and a massive eruption of popular anger forced a tyrant to flee. Photos and videos of the occupation of the President’s Palace by thousands of common people, with the crowd taking control of all the facilities of the palace from the swimming pool to the kitchen, bed rooms to music hall, have gone viral globally as the latest visual of people power. Gotabaya Rajapaksa, the man who tried till the end to save his throne is now reportedly on his way out. The newly appointed Prime Minister, Ranil Wickremesinghe, is also likely to pave the way for an all-party transitional government.It is difficult to predict the futu...
Sri Lankan Protesters Occupy Homes of President and PM, Demanding Their Ouster
Sri Lanka

Sri Lankan Protesters Occupy Homes of President and PM, Demanding Their Ouster

BYAmy Goodman & Juan González, Democracy Now! Thousands of protesters in Sri Lanka have stormed the homes of the president and prime minister and are refusing to leave until they officially resign, as the president faces accusations of corruption that bankrupted the country and led to a massive economic crisis. President Gotabaya Rajapaksa is set to formally step down Wednesday and has reportedly tried to flee the country. We go to the capital Colombo to speak with Bhavani Fonseka, a human rights lawyer and a senior researcher at the Centre for Policy Alternatives, who has been participating in the protest. She describes the months of peaceful protest that led to this moment. “Considering the crisis and considering the demands of the people that there has to be a change, we nee...
South Asia’s Arab Spring: Protests amid Hybrid Economic War in Pakistan and Sri Lanka
Pakistan & Kashmir, Sri Lanka

South Asia’s Arab Spring: Protests amid Hybrid Economic War in Pakistan and Sri Lanka

FacebookTwitterWhatsAppEmailLinkedInTelegramShare by Darini Rajasingham-Senanayake  The writer, Dr. Darini Rajasingham-Senanayake, is a Social and Medical Anthropologist, based in Colombo, Sri Lanka.Links to Gospa News articles have been added by our Editorial Staff South Asia’s Arab Spring is here, amid global Cold War tensions and slow tectonic shifts in power and wealth east, to Asia and the Indian Ocean Region, hastened and heightened by the Russia-Ukraine conflict. As Foreign Minister of Russia, Sergi Lavrov, met Indian Prime Minister Modi last week, western pressure mounted with almost simultaneous visits from various British, European and US emissaries who cautioned and questioned Delhi’s historic and close ties with Moscow. UKRAINE BIOLABS – 4. INT...
The CEDSL Group of Academics and Activists Demands Debt Cancellation to Save Sri Lanka
Sri Lanka

The CEDSL Group of Academics and Activists Demands Debt Cancellation to Save Sri Lanka

By: Fabio Giuseppe Carlo Carisio Introduction by Fabio Giuseppe Carlo Carisio I’m honored to receive and publish an appeal signed by distinguished Sri Lankan academics, also signed by our correspondent from Indo-Pacific Darini Rajasingham-Senanayake. In it, he highlights the very serious situation of the country and suggests some solutions to protect it from the economic disaster favored by the West. Dr. Darini Rajasingham-Senanayake, is a Social and Medical Anthropologist, based in Colombo, Sri Lanka. The Coalition for Economic Democracy in Sri Lanka (CEDSL) is a group of concerned academics, activists, agricultural, fisheries and industrial workers, students, business persons, trade unionists, and professionals based ‘in country’ and overseas, including the dias...
Sri Lankan workers revolt against the kleptocracy
Sri Lanka

Sri Lankan workers revolt against the kleptocracy

The island nation of Sri Lanka is enduring its worst-ever economic crisis since its formal release from British colonial rule in 1948. For months, petrol, diesel, gas, food and medicine have been in very short suppy and have risen astronomically in price, as has the cost of transport. People are compelled to wait in long queues to get the essentials. Every day there are power cuts lasting for hours because of lack of fuel for thermal power plants. The Sri Lankan masses are placing the blame fairly and squarely on the government that is led by President Gotabaya Rajapaksa, brother of a previous Sri Lankan president Mahinda Rajapaksa who is currently the prime minister. Cause of the economic crisis in Sri Lanka To be fair to the Rajapaksas (not that they deserve it), Sri Lanka...
Sri Lanka: Debt Crisis, Neocolonialism and Geopolitical Rivalry
Sri Lanka

Sri Lanka: Debt Crisis, Neocolonialism and Geopolitical Rivalry

By Asoka Bandarage Global Research, Sri Lanka is in the throes of an unprecedented economic crisis. Faced with a shortage of foreign exchange and defaulting on its foreign debt repayment, the country is unable to pay for its food, fuel, medicine, and other basic necessities. Notwithstanding the austerities that would be entailed, a bail out by the International Monetary Fund (IMF) has been accepted as the only way out of the dire economic situation. Opposition political parties and citizens across the country blame the Rajapaksa government’s widespread corruption and mismanagement for the crisis, and demand that the President and the Parliament resign.  The Prime Minister, Mahinda Rajapaksa did so on May 9th, 2022. However, the protesters at...