Saving Sri Lanka: Can India and Japan Lead the Way?
Jagannath P. Panda
Introduction:
On September 1, under the new President Ranil Wickremesinghe, crisis-plagued Sri Lanka reached a staff-level agreement with the International Monetary Fund (IMF) for a $2.9 billion USD bailout package over 48 months. This was incumbent upon certain conditions such as “financial assurances” from official creditors (referring to debt relief measures) and additional financing in order to stabilize the Sri Lankan economy in the short term and promote sustainable, inclusive growth in the future.
Soon after, Japanese Finance Minister Shunichi Suzuki urged China and India, among other creditors, to discuss a plan of action for Sri Lanka’s debt restructuring.
You can find the full article on JAPAN Forward’s website. This article is part of the [Asia’s Next Page] series on JAPAN Forward. Find other articles in the series by Dr. Jagannath Panda, here.
Related Publications
-
China’s BRI Diplomacy: What it Means to India and India’s Rise
Introduction: In the post-COVID-19 world order, particularly, amidst intensifying great power competition and changing regional and global power dynamics, infrastructural advancement has taken on new and expanded significance. However, the […]
-
The Russia-India-China Trilateral After Ukraine: Will Beijing Take the Lead?
Introduction: At the Shanghai Cooperation Organization (SCO) foreign ministers’ meeting in late July, which included China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, and Uzbekistan, People’s Republic of China (PRC) State […]
-
Enlarging Indo-Pacific into the Orbit of Euro-Atlantic: Implications for India
Abstract: Following the release of the United States’ Indo-Pacific strategy that called for building bridges between the Indo-Pacific and the Euro-Atlantic, the idea of interlinking the two geopolitical theaters has […]
-
India’s Cyber Security Policy: Strategic Convergence and Divergence with Quad
Abstract: The rise in cyber-attacks across the Indo-Pacific and beyond has necessitated a robust and a common approach towards cyber-resilient information infrastructure in the region. The Quad has taken a […]
-
Japan in the Indo-Pacific: Investing in Partnerships in South and Southeast Asia
Executive Summary: China’s engagement in the Southeast Asian region has been a fulcrum for change. Tokyo perceives Chinese behavior to be a threat to the rules-based order that has been […]
-
Europe’s Pivot to India: Examining India’s NATO Calculus Amid China’s Fall from Grace
This article was originally posted on TRENDS Research and Advisory’s website, you can find the article (and the references named in the article) here. India’s so-called “strategic ambivalence” on […]