India makes investment inroads into Sri Lanka under China's long shadow
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food, and medicines earlier
Stay updated with breaking news from Uditha Devapriya. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food, and medicines earlier
Now, as Sri Lanka closes in on a $2.9 billion loan deal from the International Monetary Fund (IMF) and its economy stabilises, India is seeking to land ambitious long-term investments, with an eye on countering the influence of regional rival China, a government minister and three sources said. "What we are looking at right now is investment from them," Sri Lankan Foreign Minister Ali Sabry said in an interview this month, referring to a range of projects worth over $1 billion currently under discussion that would help bolster India's presence in Sri Lanka.
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, India stepped into the breach.
By Uditha Devapriya When I look back at 2022, what strikes me more than anything else is how agonisingly slowly it passed. The early days of COVID-19 had been slow enough. But 2022 broke that record. From day one, we were hurtled into one crisis and shortage after another, from which there seemed to be […]
By Uditha Devapriya The linkages between domestic politics and foreign policy represent an interesting, if not intriguing, object of study. There may be convergences between the two, but more often one comes across significant differences as well. This is as it should be: the factors which determine a country’s domestic politics are clean different from […]