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Showing posts with the label “low-income nations”

Sri Lanka Won’t Be the Last

“ Sri Lanka —like so many other countries struggling for solvency —remains a colony with administration outsourced to the International Monetary Fund. We still export cheap labor and resources, and import expensive finished goods —the basic colonial model. The country is still divided and conquered by local elites, while real economic control is held abroad. The I.M.F. has extended loans to Sri Lanka 16 times, always with stringent conditions. They just keep restructuring us for further exploitation by creditors.” Sri Lanka Collapsed First, but It Won’ Be the Last By Indrajit Samarajiva  The New York Times,  NYTimes.com   15 August 2022 As a Sri Lankan, watching international news coverage of my country’ economic and political implosion is like showing up at your own funeral, with everybody speculating on how you died. The Western media accuse China of luring us into a debt trap. Tucker Carlson says environmental, social and corporate governance programs killed us. Everyb...