In her new article, 'Sri Lanka’s disastrous 2022 ends with a sliver of optimism', Dr Shyamika Jayasundara-Smits finds some reasons for optimism about the country's economy in 2023.
She argues that although Sri Lanka entered 2022 beset by economic crisis and political upheaval, the acting president, Wickremsinghe has managed to bring some slight economic relief to the people of the country. This included replenishing supplies of fuel, electricity, medicine and food items as well as securing a bailout package from the IMF.
Jayasundara-Smits that despite some concerns relating to the government spending conditions attached to the IMF bailout, there is hope for the opportunities it will provide to promote financial stability. According to Jayasundara-Smits, this sliver of optimism offers an opportunity for Sri Lankans to take the lead in the emerging movement for debt justice by rekindling their past ‘Aragalaya’ spirit and channelling it towards the global political arena.
Read the full article online - 'Sri Lanka's disastrous 2022 ends with a sliver of optimism', EastAsiaForum 13 January 2023.