Sri Lanka: IFI’s, External debt and Microcredit
16 April 2018 by Balasingham Skanthakumar , CADTM South Asia
Participants to the 7th CADTM South Asia regional workshop in Colombo 6-8th April 2018. Skanthakumar, first row, first on the left
The seventh CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from April 6 to April 8, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Around forty delegates, most of them being representatives of social movements (peasants’ movements, feminism, trade unionism, etc.), came together for this three-day long programme. Different topics were discussed during the meeting, such as the public debt policies of Sri Lanka, the Chinese loans and investments in South Asia as well as other predatory bilateral agreements in the region, the big corporations’ debt, the individuals’ private debts such as the student debts in Japan and, in particular, the microfinance loans to poor people in Sri Lanka and in the region, with their devastating effects.
is a member of CADTM South Asia and works with the Social Scientists’ Association in Colombo.
Other articles in English by Balasingham Skanthakumar (18)
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How IMF stole Sri Lanka! debt expert explains!
2 April, by Eric Toussaint , Balasingham Skanthakumar , Tharindu Uduwaragedera
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Budget 2025: Playing A Bad Hand
31 March, by Balasingham Skanthakumar
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Sri Lanka’s People Have Kicked Out the Old Political Class
25 November 2024, by Balasingham Skanthakumar
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Comrade President? Change and Continuity in Sri Lanka
29 September 2024, by Balasingham Skanthakumar
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“No Fist Is Big Enough to Hide the Sky”: 100 Years of Amilcar Cabral
12 September 2024, by Balasingham Skanthakumar
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Sri Lanka: The conjuncture in the crisis
10 July 2024, by Balasingham Skanthakumar
CADTM South Asia annual meeting
In Sri Lanka women are the principal victims of the IMF and of microfinance28 February 2024, by Balasingham Skanthakumar , Amali Wedagedara , Nalini Ratnarajah , Maxime Perriot , CADTM South Asia
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Budget 2024: ‘Deep Marketisation’ in Sri Lanka
19 December 2023, by Balasingham Skanthakumar
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Bailing Out the Creditors
22 October 2023, by Balasingham Skanthakumar
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“Austerity driven economic reforms affect women more than men”
14 September 2023, by Balasingham Skanthakumar , Juan Pablo Bohoslavsky , Lakmali Hemachandra
Other articles in English by CADTM South Asia (19)
International council of CADTM Network | 2025
CADTM Asia—Activities Report 202523 October, by CADTM South Asia
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Glimpses of the CADTM South Asia meeting in Colombo, Sri Lanka, from 29 January to 2 February 2025
12 February, by Fernanda Gadea , CADTM South Asia
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Colombo Declaration 2025 : Against IMF-led agreement, debt and austerity
6 February, by CADTM South Asia
CADTM South Asia annual meeting
In Bangladesh, globalization results in hardship for women workers6 March 2024, by Maxime Perriot , Monower Mostafa , CADTM South Asia
CADTM South Asia annual meeting
Pakistan: Squeezed between IMF programmes and political repression, young people are leaving the country4 March 2024, by Abdul Khaliq , Maxime Perriot , CADTM South Asia
CADTM South Asia annual meeting
In Sri Lanka women are the principal victims of the IMF and of microfinance28 February 2024, by Balasingham Skanthakumar , Amali Wedagedara , Nalini Ratnarajah , Maxime Perriot , CADTM South Asia
CADTM South Asia Annual Meeting
Modi’s India is more unequal than ever23 February 2024, by Sushovan Dhar , Maxime Perriot , CADTM South Asia
Political situation in Sri Lanka, India, Pakistan, Bangladesh, microcredit, IMF
Success of the 9th CADTM South Asia seminar in Colombo (Sri Lanka)21 December 2022, by Maxime Perriot , CADTM South Asia
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Colombo Declaration
4 December 2022, by CADTM , CADTM South Asia
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In Sri Lanka, Resistance to Private Indebtedness is a Strategic Issue
3 March 2020, by Nathan Legrand , CADTM South Asia
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Who are the CADTM ? What is Illegitimate debt ? An ABC
28 October - Eric Toussaint, Maxime Perriot -
For decades, the North has been accumulating an ecological debt towards the peoples of the South
8 July - Eric Toussaint, Jorge Muracciole -
Confronting Financial Institutions’ Legacies in the Global South : 30 arguments against the World Bank and the IMF
3 June - Eric Toussaint -
Trump is globalizing the class struggle!
9 May - Yorgos Mitralias -
Debt data portal of debt justice
11 April - Debt Justice
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To achieve an ecological bifurcation we have to give up on false solutions
14 January - Eric Toussaint, Maxime Perriot -
Binding Treaty: Civil society decries corporate influence at the UN
20 December 2024 - CADTM Switzerland , Collective, Les Amis de la Terre -
The CADTM International network condemns the cowardice of Northern governments in response to the climate emergency
29 November 2024 - CADTM International -
Rwanda: A look back at the 1994 genocide
5 April 2024 - Eric Toussaint -
World Bank and IMF support to dictatorships
6 March 2024 - Eric Toussaint
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FCEJ Calls for an End to the Microfinance Menace
17 October - Feminist Collective for Economic Justice -
Philippines: Exploitation of the Working Classes through Abusive Microcredit
18 June - Eric Toussaint -
Inclusive Growth or Entrapment? Unpacking the Microfinance Paradox in India
24 May - Soumya Sahin -
Glimpses of the CADTM South Asia meeting in Colombo, Sri Lanka, from 29 January to 2 February 2025
12 February - Fernanda Gadea, CADTM South Asia -
Rural indebtedness
12 February - Julien-François Gerber
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FCEJ Calls for an End to the Microfinance Menace
17 October - Feminist Collective for Economic Justice -
Philippines: Exploitation of the Working Classes through Abusive Microcredit
18 June - Eric Toussaint -
Inclusive Growth or Entrapment? Unpacking the Microfinance Paradox in India
24 May - Soumya Sahin -
Rural indebtedness
12 February - Julien-François Gerber -
The Urgent Need to Better Measure Household Debt
10 January - Isabelle Guérin, Timothée Narring , Sébastien Michiels, Arnaud Natal
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FCEJ Calls for an End to the Microfinance Menace
17 October - Feminist Collective for Economic Justice -
Sub-Saharan Africa and Sri Lanka: Examples for understanding the debt crisis in the South [Part 4]
6 May - Maxime Perriot -
US tariffs will intensify debt crisis in lower-income countries
10 April - Tim Jones -
Made in Sri Lanka, Taxed in America, and Failed by the IMF
9 April - Taniya Silvapulle -
How IMF stole Sri Lanka! debt expert explains!
2 April - Eric Toussaint, Balasingham Skanthakumar, Tharindu Uduwaragedera
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