Dhanusha GIhan Pathirana, Author at Institute of Political Economy

Sri Lanka’s ISB Restructuring

Leave a Comment / Debt Justice, Policy Perspective / Dhanusha GIhan Pathirana

Dhanusha Gihan Pathirana Economist Institute of Political Economy Key Takeaways The revised bondholder agreement may cause balance of payments instability even in the short term. The ISB repayments will reach approximately US$ 1.85 billion in 2025 including interest on bilateral debt of US$ 420 million. Coupled with outflows of circa US$ 1.5 billion due to […]

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Capital flight, oligopoly and economic crisis

Let me begin by providing a brief critique of the neoclassical explanations on the crisis. So the neoclassical view or the neoliberal view tries to frame government’s policy failure as the primary cause for the crisis. So they highlight that the high budget deficits reaching about 12.3% due to tax cuts and debt monetization