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Sri Lanka s economy hemmed in by COVID-19 and geopolitical tensions

11 January 2021 Author: Dushni Weerakoon, Institute of Policy Studies of Sri Lanka The unprecedented disruptions of COVID-19 are causing a geopolitical reset and as the global order is redrawn, small emerging market economies like Sri Lanka are vulnerable to the fallout. Sri Lanka straddles vital shipping routes and is at the centre of diplomatic spats between China and the United States, who called on Sri Lanka to make ‘difficult but necessary choices’ over its growing economic and political ties to China. In December 2020, a US grant offer of US$480 million under its Millennium Challenge Corporation was withdrawn and any further assistance under the US Coronavirus Aid, Relief, and Economic Security Act has been made conditional on Sri Lanka containing China’s influence. China in turn denounced what it considers as US pressure on countries ‘to pick sides’. The challenges are many for Sri Lanka’s newly elected government to sidestep global rivalries and maintain its

Jaishankar meets Sri Lanka PM Mahinda Rajapaksa, discusses ways to strengthen bilateral cooperation-528446

Jaishankar meets Sri Lanka PM Mahinda Rajapaksa, discusses ways to strengthen bilateral cooperation Sun Online Desk 8th January, 2021 06:40:24 Indian External Affairs Minister Dr. S Jaishankar on Wednesday met Sri Lankan Prime Minister Mahinda Rajapaksa during his three-day visit to the country, and discussed ways to strengthen bilateral cooperation on various issues. Taking to Twitter, Jaishankar said that the talks followed up on the progress made since the virtual summit with Prime Minister Narendra Modi. Thank Prime Minister @PresRajapaksa for his warm welcome this evening. Discussed further strengthening our close cooperation in so many areas, following up on the progress made since the Virtual Summit with PM @narendramodi, he tweeted.

Jaishankar meets Sri Lanka PM Mahinda Rajapaksa, discusses ways to strengthen bilateral cooperation

Jaishankar meets Sri Lanka PM Mahinda Rajapaksa, discusses ways to strengthen bilateral cooperation ANI | Updated: Jan 07, 2021 04:31 IST Colombo [Sri Lanka], January 7 (ANI): External Affairs MinisterDr S Jaishankar on Wednesday met Sri Lankan Prime Minister Mahinda Rajapaksa during his three-day visit to the country, and discussed ways to strengthen bilateral cooperation on various issues. Taking to Twitter, Jaishankar said that the talks followed up on the progress made since the virtual summit with Prime Minister Narendra Modi. Thank Prime Minister @PresRajapaksa for his warm welcome this evening. Discussed further strengthening our close cooperation in so many areas, following up on the progress made since the Virtual Summit with PM @narendramodi, he tweeted.

Sri Lanka calls for joint patrols to resolve fishing issues with India | India News

COLOMBO: Sri Lanka has called for joint patrols to address the issue of illegal fishing in the northern waters of the country while India insisted on the early release of its fishermen arrested for allegedly poaching in the island nation s territorial waters, as the two countries held a meeting of the joint working group on fisheries. During a virtual meeting of the Sri Lanka-India Joint Working Group (JWG) on Fisheries held last month for the fourth time, the two sides discussed the issues related to fishermen. During the meeting, the Sri Lankan delegation underlined the need to address the matter of illegal fishing in its waters by Indian fishermen, which resulted in loss of livelihood and damage to fishing equipment of local fishermen, the Sri Lankan Ministry of Fisheries said in a statement on Thursday.

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