Institute of Political Economy
@ipe_sl
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Sri Lanka 🇱🇰. A progressive think tank. “Reward work, not wealth”. Navigating the unjust global economic order.
United Kingdom
Joined July 2023
Polycrisis and Reconciliation: CENTERING THE EXPERIENCES AND PERSPECTIVES OF MALAIYAHA TAMILS.@YukthiSL @ssa_lanka @DevEconNetwork
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Sri Lanka needs debt servicing targets that are aligned to its foreign exchange earnings, not GDP measured in dollars !! @Jayati1609 @IMFNews @cbsl @MoFSriLanka @Brad_Setser @yanisvaroufakis .
I still don't understand how IMF can say that roughly 100% debt/GDP and 50% interest payments/revenue ratios are sustainable, let alone not impose massive & excessive burdens on the backs of SL's people.
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Sri Lanka government @anuradisanayake should join the global south to take a united approach and stand up to the USA. It is not possible for small nations to negotiate alone and reach a deal suitable for its people. @YukthiSL @CBSL @MoFSriLanka.
“The US must not be allowed to dictate global policy. It is powerful, but still represents less than 20% of global GDP”.@JoseA_Ocampo @JosephEStiglitz @Jayati1609 .
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The sovereign debt restructuring process does not protect countries of the global south from vulture creditors. HRB debts should be cancelled. @IMFNews @CBSL @Jayati1609 @eurodad @debtjustice.
Sri Lanka / IMF EFF 4th review. Update on the Hamilton Reserve Bank litigation: "Authorities are now close to completing their comprehensive debt restructuring consistent with program parameters: out of US$28 bn of external debt under the restructuring perimeter at end-2023, . ".
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Sri Lanka should work collaboratively with countries of the global south in its response to the threat of tariffs from the USA, and seek support from experts with progressive views from around the world. @vijayprashad.
Countries like the US often manage to overwhelm Global South countries in negotiations, at times simply due to the latter’s shortage of trained bureaucrats and officials. Learn more: #GlobalSouth #IMF.
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RT @shiranperuma: My essay on an unsung giant of political economy. Sri Lankan Marxist and theorist of underdevelopment, SBD De Silva. Pub….
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Billionaires aren’t just throwing extravagant weddings—they’re shaping government policy. @Jayati1609 explains why taxing the ultra-rich isn’t just about fairness, but global survival. 🇧🇷 & 🇪🇸 are now leading. The rest must follow. Listen. #TaxTheSuperRich #FfD4
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RT @MazzucatoM: Three myths distort development finance:.1️⃣ Financing gap – the real problem isn’t lack of money, but lack of direction an….
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RT @Jayati1609: Strategies to reduce today's obscene inequalities must include more extensive and better quality social protection, finance….
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RT @TheChiefNerd: ABC: “The word ‘socialist’ has been vilified and used to attack you. How do you define being a democratic socialist?”. MA….
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RT @apmdd_ind: The world is drowning in inequality, and the rich are floating to the top. It’s time to #TaxTheRich and #EndCorporateGreed!….
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RT @shiranperuma: The immediate cause of Sri Lanka's debt crisis was high-interest loans from private creditors. This is destroying the s….
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RT @AsianPeoplesMvt: Gas is NOT a transition fuel. Yet Global North governments keep financing gas in the Global South, locking communities….
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“Introducing a new law would compel these high-interest lenders to take part in debt relief and disclose the details of their loans.” @hidschow @debtjustice @eurodad @MoFSriLanka .
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RT @TheEconomist: Restructuring processes must be revamped, but governments also need better access to stable financing, argue the Nobel-pr….
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RT @debtjustice: A group of experts, convened by the late Pope Francis, have said lower-income countries urgently need debt relief. And the….
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