Deshal de Mel @deshald
Economist, retired street cricketer, failed comedian. deshald.medium.com Sri Lanka Joined January 2010-
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Turns out Sri Lanka (afka Ceylon) was involved in a sovereign debt restructuring in 1953, as a creditor (!) Likely restructuring export credit (tea or rubber) to germany pre-war, which also included a SCDI linked to german economic growth and exports. researchgate.net/publication/30…
4/5 There were 18 other creditors, mostly European, but also Canada, Ceylon, Iran, Pakistan, and South Africa. Among the European creditors, interestingly enough, was Greece, the memory of which helped spice up the post-GFC discussions on Greek debts to Germany and the EU.
@DalrympleWill Surely it should have been named it Bee-elzebub.
@aselawaid Games to be played with shuttle CACs @UmeshMoramudali
983 days. 3 Presidents. 3 Finance Ministers. 1 team. Sri Lanka is back. fitchratings.com/research/sover…
Whilst today’s debt standstill is a positive in terms of beginning the recovery process through debt restructuring and freeing up forex for critical imports, it’s a sad day since this was entirely avoidable if we acted early. This from an internal note on 4th December 2019.
@nealjclark1 @RajaKorman got to hand it to her.
@rukmankan goodbye rotator cuff, goodbye.
Whilst today’s debt standstill is a positive in terms of beginning the recovery process through debt restructuring and freeing up forex for critical imports, it’s a sad day since this was entirely avoidable if we acted early. This from an internal note on 4th December 2019.
Slide on the immediate steps that could be taken to address the prevailing foreign exchange issues. Lot more structural stuff to be done subsequently but these are the most urgent steps.
@n2addict Roses are red Violets are blue Wait another day Buy one, get two.
@NewsfirstSL The ultimate liquidity crisis.
@RegularReh Most pharmaceutical products (except ayurveda imports) are anyway duty free customs.gov.lk/wp-content/upl…
Some recollections of Mangala’s work as Minister of Finance deshald.medium.com/mangalas-econo…
@DulithHerath @samarajiva Dara-z missed a trick there.
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Sciences Po Chair in ... @SovDebtScPo
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