Out of the six million families living in Sri Lanka, only 5.2 million have some form of housing. Though steps have been taken to develop the housing sector in the country, such as the formulation of the National Housing Policy, there are issues that warrant attention. This blog aims to inquire into the pressing needs of the sector and discuss whether the 2019 Budget proposals passed by Parliament provide solutions to these problems.
As Sri Lanka, like many other developing countries, escalates its engagement with China’s ambitious Belt and Road Initiative (BRI), the question of debt entrapment requires a more rigorous review. Criticism of Chinese loan disbursements have focused not only on the volume of funds, but also on the terms. However, the author argues that, Chinese loans are not the primary cause of Sri Lanka’s debt imbroglio; but, they have contributed to, and possibly aggravated, the problem.