Sri Lanka Archives - New Cold War: Know Better

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By New Cold War

In Ben Norton, China, Debt, Economic crisis, Economic warfare, Foreign intervention, IMF, India, Japan, Neo-Liberalism, Sri Lanka, USA, Video

Posted July 13, 2022

Real debt trap: Sri Lanka owes vast majority to West, not China

VIDEO, ARTICLE & SOURCES By Benjamin Norton, Published on Multipolarista, July 11, 2022: Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies [...]

By New Cold War

In Debt, Dollar Hegemony, Economic crisis, Sri Lanka

Posted July 11, 2022

Self-inflicted wounds behind Sri Lanka’s bankruptcy, not Chinese loans

By Andrew Korybko, Published on CGTN, July 7, 2022: Sri Lankan Prime Minister Ranil Wickremesinghe declared his country “bankrupt” on Tuesday, as a result of the island’s [...]

By New Cold War

In Debt, Economic crisis, Sri Lanka, Video

Posted July 11, 2022

Sri Lanka: Debt Trap Diplomacy & Putin Price Hikes? Or Something Else?

VIDEO By Brian Berletic, Published on New Atlas, July 10, 2022: Sri Lanka’s dire economic and political conflict is being blamed by the Western media on Chinese “debt trap diplomacy” and “Putin [...]

By New Cold War

In Economic crisis, Economic Sanctions as Collective Punishment, Russia, Sri Lanka

Posted July 8, 2022

Russia responds to Sri Lanka’s appeal to Putin for fuel amid crushing economic crisis

Published on SCMP, July 7, 2022: President Gotabaya Rajapaksa was visited by Russian oil company representatives after asking President Vladimir Putin for fuel. He also appealed to Putin to [...]

By New Cold War

In Debt, Economic crisis, Prabhat Patnaik, Sri Lanka, World Economy

Posted May 20, 2022

Reflections on the Sri Lankan Economic Crisis

So much has been written on the Sri Lankan economic crisis that the facts are by now quite well-known (see for instance C P Chandrasekhar, Frontline April 22): the massive build-up of external [...]