Sri Lanka struggles to deliver a new era of post-crisis growth | East Asia Forum
1 min readasia
Sri Lanka struggles to deliver a new era of post-crisis growth | East Asia Forum
Summary: The East Asia Forum assesses Sri Lanka’s 2024–2025 shift to the National People’s Power (NPP) government under President Anura Kumara Dissanayake, focusing on balancing growth with debt sustainability. The economy is stabilising after a severe 2022–23 crisis, aided by prudent monetary policy, an IMF program ($3B), Indian assistance ($4B), a debt restructuring deal with private bondholders and China, and recovering tourism. However, challenges loom: a large brain drai
Keep reading
Economics
Trump, Biden both see tariffs as a key tool of diplomacy
Trump and Biden both embrace tariffs as a central tool of economic statecraft, but their approaches differ. Key points: - Both leaders view tariffs as a diplomatic instrument that can influence allies and rivals, though mainstream economists warn they are inflationary and can hurt consumers and exporters. - Trump’s proposals: aggressive tariffs such as a 60% tariff on Chinese imports and a 10% across-the-board tariff on global imports; even floated using tariff revenue to re
Economics
GAO-25-107560, U.S. TERRITORIES: Public Debt and Economic Outlook — 2025 Update
- Topic: GAO-25-107560 updates on public debt and economic outlook for the five permanently inhabited U.S. territories (Puerto Rico, Guam, US Virgin Islands, CNMI, American Samoa) and their debt management challenges. - Key findings: - Territories largely rely on borrowing to cover gaps between tax receipts and funding government programs. - Common challenges affecting debt management and growth include high energy/import costs due to location, vulnerability to extreme we
Economics
Tanzania’s post-election reset: What President Samia told international partners • Global South World
Summary: - President Samia Suluhu Hassan reassured foreign diplomats that Tanzania remains committed to stability, safety, and democratic reform after last year’s election-related unrest and internet shutdowns. - She acknowledged the disruptions but framed them as necessary to protect constitutional order and public safety, pledging vigilance to avoid repeats. - On national healing, she announced steps toward political inclusion, including a new Ministry of Youth, an independ