The ambitious policy measures taken by the Ranil Wickremasinghe government to revive the economy have yielded some positive outcomes though concerns remain over their implementation.
Abhay Kumar Singh replies: Decades of economic growth and government prioritisation have enabled China to position itself at the nexus of global maritime trade. Today, China is home to more shipping ports than any other country, including seven of the 10 busiest ports in the world. In addition, China owns over 100 ports in approximately 63 countries.
Though the Janatha aragalaya (people’s struggle) against the Rajapaksas was spontaneous, the role of the Left organisations in galvanising this into a movement that ousted the Rajapaksa family is an important landmark in Left politics.
Depletion in foreign reserves has led to uncertainty about Sri Lankan government’s ability to account for import of essential items and debt servicing. Analyses of government’s policy measures and global geopolitical-economic developments suggest that a state of uncertainty is hovering over Sri Lankan economy.
Chinese reaction to the Sri Lankan Ministry of Agriculture’s decision to cancel an organic fertiliser deal has demonstrated that China is not hesitant to take punitive action against Sri Lanka, if its interests are not fulfilled.