How Sri Lanka Walked into a Debt Trap, and the Way Out

Sri Lankans love to project their country as the land of serendipity. So, when the island country saw the back of a four-decade-old violent Tamil insurgency in 2009, it was expected that it would surge ahead in a serendipitous way. The turn of events ever since has, however, proved that the country has not been that fortunate. In fact, immediately after the conclusion of the war, Sri Lanka (re)lapsed into multiple crises, occasioned by a regime which functioned in an authoritarian manner.