Courtesy: Reuters
Sri Lanka is playing a balancing act as it manages its ties with India and China. It is heavily dependent on the two rival Asian giants for its economic revitalisation and future growth, but it must be strategic in its approach with both countries as it attempts to manage its foreign debt and ensure project sustainability while maintaining geopolitical neutrality.
Courtesy: Economic Times
Sri Lankan President Ranil Wickremesinghe's visit to India last month laid the foundation for a new era of cooperation in key areas like energy, connectivity, trade and tourism. By working together on trade facilitation, central bank cooperation, and IMF capacity-building, market-led regionalism can be the pragmatic way forward for India and Sri Lanka to achieve prosperity.
Courtesy: Business World
The Sri Lankan economy is showing signs of stabilizing after experiencing the worst contraction in its history in 2022. Decisive policies by President Ranil Wickremasinghe, timely Indian aid, and an IMF Programme have laid the groundwork for a return to growth. India and Sri Lanka must now shift from an aid relationship to one which deepens bilateral trade and investment flows.
Courtesy: Ministry of External Affairs, India
The recently concluded BIMSTEC summit is now a regional intergovernmental organization with a formal charter, giving it a clear mission and legality and a destiny linked to South and South East Asia. It is now better equipped to accelerate economic development for the fifth of the world’s population, which contributes only 4% of global GDP.
Courtesy: Sri Lanka Guardian
2022 marks 35 years since the Indian Peace Keeping Forces were deployed to oversee the Indo-Sri Lankan Peace Accord. An attempt to diffuse civil unrest, this engagement eventually turned into war. The incident serves as a reminder that India can learn more from its errors than its victories.
Courtesy: Twitter/@MaithripalaS
India is subtly adding four new elements in the policy matrix
Courtesy: Gateway House
China has replaced India as Sri Lanka’s biggest economic partner. It is gaining control of Sri Lanka’s ports, which can give it leverage over India’s external trade
Courtesy: Sudath Silva/Flickr
After losing power in January, Mahinda Rajapaksa, former president of Sri Lanka, is trying to re-enter politics by contesting for the prime minister’s seat in the elections on August 17. If he wins, it could destabilise Sri Lanka’s politics and impact relations with India, which had been hit under Rajapaksa’s rule. The future scenario will become clearer by next week.
Courtesy: gatewayhouse.in
India has welcomed President Sirisena’s recent electoral victory largely because he is willing to check China’s rise in Sri Lanka. His visit to India next week is an opportunity for New Delhi to overcome its difficult relationship with former president Rajapaksa and offer its unconditional partnership to Colombo
Courtesy: Wikipedia.org
Incumbent Sri Lankan president Mahinda Rajapaksa lost to his opponent Maithripala Sirisena in the recent elections. The reasons have been attributed to nepotism and dwindling support from the Sinhala community. With considerable challenges awaiting the new government, it would be wise to not rule out a return of Mahinda