IMF & Private Creditors Subject Sri Lanka to Neo-Colonial Debt Bondage – Asoka Bandarage part 1 2 from asoka খান ও Watch Video
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⏲ Duration: 17 min 26 sec ✓ Published: 14-May-2024
Description: The Sri Lankan government turned to the IMF for a near $3 billion bailout to repay loans provided by India and Japan, as well as international sovereign bonds issued by foreign creditors such as BlackRock. Dr. Asoka Bandarage, sociologist and author of Crisis in Sri Lanka and the World, suggests that Prime Minister Wickremesinghe's declaration of bankruptcy in 2022 and the subsequent IMF bailout was not an absolute necessity but an attempt to shift Sri Lanka further under the umbrella of Western
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