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COLOMBO: Sri Lanka’s new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said on Saturday. Former leader Ranil Wickremesinghe announced a deal with international sovereign bondholders and…
DESIGNED to be the international lender of last resort and help countries facing short-run balance-of-payments distress, the IMF has a rich history of being the quack physician that killed the patient. Driven by myopic market fundamentalism and riddled with policy…
WITH the storm around the government’s planned amendments to the Constitution now behind it, will parliament turn its attention once again to protecting its privileges and reasserting the stature it has been granted within the configuration of the state? The…