Ahilan Kadiragamar

The government’s proposed domestic debt restructuring plan is going to be devastating for the most marginalized working people, like plantation and garment workers The domestic debt restructuring plan announced by the Government last Wednesday and passed by parliament on Saturday, targets only one significant domestic financial asset, namely retirement funds. Far reaching changes to the […]

Without a major course correction in its economic trajectory and a significant “haircut” on its external debt, the country will likely be knocking on the door for another IMF pact. It could face another default in a few years.   The International Monetary Fund (IMF) executive board’s approval of loans is being celebrated in the elite