Economy

Repatriation and Replacement of Lost Foreign Jobs: Handling Labour Migration in Sri Lanka during COVID-19

Sri Lanka, which has been sending workers abroad for employment for decades, is now faced with the formidable challenge of repatriating large numbers of migrant workers affected by COVID-19. This exercise calls for a continued coordination with the returnees, beyond the period of travel and quarantine. This blog dissects the nuances of labour migration, lost foreign employment opportunities, and repatriation brought about by the spread of COVID-19 and provides policy recommendations to successfully re-enter foreign labour markets.

Smoking Cessation in Sri Lanka: A Silver Lining in the COVID-19 Crisis?

As the deadly COVID-19 pandemic threatens the entire world, claiming thousands of lives and disrupting economic activities, it would be wise to look at the role smoking cessation could play in the response. Given that over a quarter (28.4%) of Sri Lankan men (15 years and older) smoke, one important intervention that can be taken right now, is utilising this moment of panic as motivation to stop smoking. This blog discusses the role of smoking cessation in reducing the chances of falling victim to the pandemic, which will not only assist in protecting public health, but will also make the population less susceptible to COVID-19 and its future recurrences, both now and in the longer term.

Easter Attacks in 2019 vs. COVID-19 Outbreak of 2020: What Lies Ahead for Sri Lanka?

Unlike the Easter Sunday attacks, COVID-19 is not only affecting Sri Lanka. Its effect is felt by almost all countries across the world. The economic impact of this on Sri Lanka will not only be influenced by what is happening in the country, but also by how the disease is affecting global values chains, markets, and the movement of goods and people across the world. With the COVID-19 pandemic still unfolding, it is too early to estimate the economic impact of the crisis. This blog compares the economic impact of the Easter Sunday attacks to illustrate the likely impact of COVID-19 on Sri Lanka’s economy.

‘A Brewing Storm’: Economic Impact of COVID-19 on Sri Lanka

Over a quarter of the world’s population is currently under movement restrictions. For the first time in recent human history, coronavirus has shattered the myth that the economy must come first. While public health concerns, undoubtedly, should take precedence over all other considerations when dealing with the COVID-19 pandemic, it would be unwise to ignore the economic costs of the current situation. Small economies such as Sri Lanka, in particular, whose economic backbone is made up of micro, small, and medium sized enterprises (MSMEs), dependent on export revenue for foreign currency generation, and is simultaneously managing a critical debt and fiscal crisis, are going to be particularly vulnerable.

Coronavirus Epidemic and China’s Slowdown: Economic Impact on Sri Lanka

The World Health Organisation (WHO) has declared the outbreak of the novel coronavirus (2019-nCoV) as a global emergency. Amid geopolitical tensions, prospects for the Chinese economy and global economic growth have weakened further with the outbreak of the coronavirus. According to a recent paper by the Overseas Development Institute‎ (ODI) that measured which countries are susceptible to the impact of the coronavirus and the resulting slowdown in China’s economy, Sri Lanka was among the low and middle income countries which are most vulnerable to the situation.

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