Asia

COVID-19 and Sri Lanka’s External Sector: Challenges and Policy Choices

Unprecedented declines in merchandise trade, foreign direct investment (FDI) flows, tourism and cross-border migration have all been hallmarks of the economic fallout of COVID-19. As a result, growth expectations for countries worldwide dimmed. Nonetheless, thanks in part to substantial expansionary monetary and fiscal policies being rolled out to achieve pre-COVID economic recovery levels and the development of vaccines, the contraction in global trade and economic output are less than what was anticipated. The Sri Lankan economy too has been impacted by these external developments, witnessing fluctuating fortunes in its external sector performance. This blog discusses the impacts of global economic developments on Sri Lanka’s external sector and suggests ways to cushion them.

Forest Restoration: Where Does Sri Lanka Stand?

This year, the International Day of Forests is marked under the apt theme “Forest restoration: a path to recovery and well-being”.  Forest restoration is one of the priority areas for mitigating the effects of climate change. Restoration and sustainable management of forests will help absorb atmospheric pollutants, re-build natural habitats and sustain life on earth.
This blog discusses Sri Lanka’s declining forest cover and offers suggestions on how the drivers of deforestation can be countered.

RCEP: Sri Lanka’s Latest Asia-centric Conundrum

The formation of the world’s largest regional trade bloc – the Regional Comprehensive Economic Partnership (RCEP) in November 2020 – on Sri Lanka’s doorstep raises fresh questions about how the country will navigate its most recent Asia-centric re-positioning.

Sri Lanka and the Pivot to Asia in the New Global Order

This article examines the implications of China’s rise in the new global order and Donald Trump’s ‘America First’ Policy on Sri Lanka.

What Sri Lanka Should Know about China’s New Economic Dynamism

China’s ongoing reform programme is a focused and strategic effort that has the potential to transform the business climate and also competitiveness of Chinese exports. Sri Lanka should take a cue from it, argues Anushka Wijesinha.   “China is still a …

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