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‘Sooner or later, there will be a new financial crisis’

18 April 2018 - by Eric Toussaint, Meera Srinivasan

Regulators, governments to blame, says Eric Toussaint of the Committee for the Abolition of Illegitimate Debt. The recent bubbles in the stock exchanges and financial markets foretell an imminent financial crisis that would likely be stronger (...)
Sri Lanka: IFI’s, External debt and Microcredit

16 April 2018 - by B. Skanthakumar

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 (...)
We struggle against illegitimate public and private debt which are at the core of the capitalist system

6 April 2018 - by Eric Toussaint

The seventh CADTM South Asia regional workshop started in Colombo (Sri Lanka) on April 6, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Around forty people, most of them being (...)
Sri Lanka: Debt drives Jaffna mom, children to death

28 October 2017 - by Meera Srinivasan

Just as mounting household debt in Sri Lanka’s war-affected region began drawing national attention, a young mother in Jaffna, said to be heavily indebted, consumed poison along with her three children and died on Friday. Local media reports (...)
A legacy of liberalisation in Sri Lanka

4 October 2017 - by B. Skanthakumar

The Sri Lankan government recently released its ‘Vision 2025’ manifesto, heralding a new wave of economic reforms. Its timing coincided with the 40th anniversary of the island’s embrace of deregulation, trade liberalisation, and privatisation ahead (...)
Getting sucked into a quicksand of debt

16 July 2017 - by Meera Srinivasan

People in Batticaloa, one of the poorest districts in Sri Lanka, are badly hit by ‘predatory’ microfinance loans with exorbitant interest rates. “First, it was the tsunami that destroyed our community. Then came the war. Now, it’s microfinance.” (...)
Micro-finance and Leasing: Today’s Loan Sharks

21 June 2017 - by Ahilan Kadirgamar

“In this context, it is not just the micro-finance lobby, but also the neo-liberal think tanks and economists that resist any moves to put a firm interest rate cap on such micro-finance schemes” It has taken the Central Bank many years to see (...)
Budget for Business: A red flag for the people

1 December 2015 - by Ahilan Kadirgamar

The 2016 Budget has been welcomed by the business and economic establishment. The big question is whether economic policies good for business are necessarily good for the economy and the people? To what extent are the economic policies in the (...)
Foreign commercial debt still higher than concessional

18 October 2015 - by Paneetha Ameresekere

Despite the seemingly best efforts by the present regime to limit foreign commercial borrowings, such debt still continued to be higher than concessional debt, data showed. While total foreign debt year-on-year (YoY) declined by Rs 101,939 (...)
Financialisation, foreign debt and crisis

2 February 2015 - by Ahilan Kadirgamar

Since the end of the war, Sri Lanka’s economy is being transformed through a rapid process of financialisation. Such widespread financialisation facilitated infrastructure development, a real estate boom linked to urbanisation and expansion of (...)
‘New Loans for Old’: Sri Lanka’s Spiralling External Debt

30 August 2012 - by B. Skanthakumar

Sri Lanka’s foreign debt doubled between 2000 and 2012 and is now more than USD18 billion or LKR2375 billion (US$1=Rs132). In comparison, Sri Lanka’s total economic output (gross domestic product) in 2011 was under USD60 billion. As the amount (...)
Financial and trade perspectives on external debt with reference to LDCs and India

6 January 2011 - by V. Jacob John

Presented at the CADTM South Asia in Colombo, Sri Lanka, December 9-11, 2010 Introduction Among the Millennium Development Goals (MDG) and targets launched by United Nations since 2000, Goal 8 pertains to develop a ‘Global partnership for (...)
Informe sobre el taller del CADTM-Asia del Sur, reunido en Colombo, Sri Lanka

23 de diciembre de 2010 - por Stéphanie Jacquemont

Los delegados del CADTM de Sri Lanka, Pakistán, la India y Bélgica se reunieron en Colombo, Sri Lanka, del 9 al 11 de diciembre de 2010. El monzón, que en esta región se extiende habitualmente de mayo a septiembre, se unió a la fiesta, indudablemente (...)
CADTM South Asia meets in Colombo, Sri Lanka

17 December 2010 - by Stéphanie Jacquemont

From 9 to 11 December 2010, a series of activities were attended by delegates of CADTM from Sri Lanka, Pakistan, India and Belgium in Colombo. The monsoon, which usually prevails in this region from May to September, was invited to the party, (...)
4^th CADTM South Asia Workshop

Sri Lanka : Debt and Development

10 December 2010 - by B. Skanthakumar

Sri Lanka presentation at CADTM 4th South Asia Network workshop in Colombo, Sri Lanka between 9-11 December 2010
2^nd South Asian Workshop on International Financial Institutions and Debt-

Presentation on Sri Lanka

15 January 2009 - by B. Skanthakumar

Presentation on Sri Lanka by B. Skanthakumar Law & Society Trust (LST)
Dogmatic Development: Privatisation and conditionalities in six countries

7 April 2004 - by War on Want, PSIRU

This report looks at how conditionalities and pressures from aid agencies and development banks force developing countries to adopt privatisation policies in public services. It focuses specifically on the sectors of water, electricity, and (...)