試す 金 - 無料
Dissanayake's challenge is to reset Sri Lanka's economy
Mint Mumbai
|November 21, 2024
Economic reforms are crucial if it hopes to pay off its huge foreign debt from 2028 onwards
Among the less well-known winners in Sri Lanka's parliamentary election last week was Krishnan Kalaichelvi, the daughter of a Malaiyaga Tamil tea-estate worker. In the annals of South Asia's mistreatment of minorities, the Malaiyaga occupy a tragic place. They were brought to the island as indentured labourers in the 19th century by the British, with hundreds of thousands then forcibly repatriated to Tamil Nadu after an inhumane agreement between India and Sri Lanka in the mid-1960s. This is a community that would seem unlikely supporters of the Janatha Vimukthi Peramuna (JVP)-led National People's Power party (NPP). Yet, by focusing on economic hardships and convincing voters across the country that the party has a changed approach to minorities, the NPP won a two-thirds majority in parliament, a feat no other party has achieved.
With the huge mandate for 'saba wensak', or genuine change in Sinhala, President Anura Kumara Dissanayake must push through reforms such as the devolution of power to the north and east—and an even more tricky revamp of the economy, so that Sri Lanka can begin to pay off its huge international debts from 2028 onwards. The breadth of support he has received in the north and east, where he had performed poorly in the presidential election in September, is an advantage. Contrary to the cliché, less than two months is actually a short time in politics, especially for a seismic shift in voter loyalties to the NPP from parties that once had solid minority support.
このストーリーは、Mint Mumbai の November 21, 2024 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Mint Mumbai からのその他のストーリー
Mint Mumbai
Investors expect AI use to soar. That’s not happening
On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.
4 mins
November 28, 2025
Mint Mumbai
360 One, Steadview, others to invest in Wakefit ahead of IPO
A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.
3 mins
November 28, 2025
Mint Mumbai
I-T dept to nudge taxpayers to declare foreign wealth
The department was able to collect 30,000 crore disclosed in the previous Nudge drive
2 mins
November 28, 2025
Mint Mumbai
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Mint Mumbai
India, UAE review trade agreement to ease market access
Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.
1 mins
November 28, 2025
Mint Mumbai
Beyond the stock slump-Kaynes' $1 bn aim is just the start
Shares of Kaynes Technology India Ltd have fallen about 25% from their peak of 7,705 in October, amid a management reshuffle and the expiry of the lock-in period for pre-IPO shareholders.
1 mins
November 28, 2025
Mint Mumbai
How Omnicom’s IPG buy will change Indian advertising
Two of the advertising world’s Big Four holding companies—Interpublic Group and Omnicom—officially merged this week.
2 mins
November 28, 2025
Mint Mumbai
Why TCS is walking a tightrope
Tata Consultancy Services Ltd recently outlined an ambitious multi-year $6-7 billion investment plan to build artificial intelligence (AI)-focused data centres and is already making progress in that area.
2 mins
November 28, 2025
Mint Mumbai
It's a multi-horse Street race now as Smids muscle in
For years, India’s stock market ran on the shoulders of a few giants. Not anymore.
3 mins
November 28, 2025
Mint Mumbai
Telecom firms flag hurdles in data privacy compliance
Operators need to comply with the data protection norms within 12-18 months
1 mins
November 28, 2025
Listen
Translate
Change font size

