Sri Lanka Watch, News and Discussions

[Dark Sorrow]

it’s been 2.5 billion $, offered so far.
Line of credit part, it’s for importers to utilise if they want to. It’s targeted economic assistance in pharma, food and oil. it’s for Indian goods only.

Still are they planning to pay back or should we consider it as bad debt. If they are planning to payback then how?
PRC generally takes collateral even against against line of credits and soft loans.

 

[asaffronladoftherisingsun]

it’s been 2.5 billion $, offered so far.
Line of credit part, it’s for importers to utilise if they want to. It’s targeted economic assistance in pharma, food and oil. it’s for Indian goods only.

Need to sign some sort of security pact as well keeping in view of Bharat's interest.

 

[THESIS THORON]

it’s been 2.5 billion $, offered so far.
Line of credit part, it’s for importers to utilise if they want to. It’s targeted economic assistance in pharma, food and oil. it’s for Indian goods only.

they have asked for 1 billion more na ?

 

[Rxbanda]

Looks like protests are US sponsered.
These words were not there when protests were going in Canada.

-__&________&__________

"I am watching the situation closely", American envoy to Sri Lanka on the protests, crisis in the country. Adds,"Sri Lankans have a right to protest peacefully - essential for democratic expression".

khane ke liye kuch he nahi. democracy ka kya karenge? nonsense people these muricans.

 

[Bhaubai]

 

[Dark Sorrow]

Should we hold Sri Lanka as collateral? Or, should we integrate Sri Lanka with South India?

Humor me, what do you think we should do?

 

[Illusive]

Isn't there a party/guy equivalent of BJP in SL or are all in China's pocket?

 

[Dark Sorrow]

Isn't there a party/guy equivalent of BJP in SL or are all in China's pocket?

True but PRC won't bail out their failing economy without substantial gains.

 

[here2where]

Are there any chinese naval moves apart from the loans they gave lankans this week?

 

[ezsasa]

Still are they planning to pay back or should we consider it as bad debt. If they are planning to payback then how?

Don't have enough information to make an informed guess on this.

 

[here2where]

Still are they planning to pay back or should we consider it as bad debt. If they are planning to payback then how?
PRC generally takes collateral even against against line of credits and soft loans.

They have to pay back even if its by taking another loan... else run risk of default.

Good read to understand root of the problem-

IMF better choice than costly loans from friends, says former Sri Lanka Central Bank executive

Dr WA Wijewardena holds the government and the Central Bank accountable for the crisis

www.moneycontrol.com

“Similar is the loan facility India has given Sri Lanka, and the Indian government has to extend them continuously every three months. What will happen when the countries cannot extend these loans anymore? Then Sri Lanka will either default or borrow from another source at a very high cost. That is the risky position the country is in today.”

 

[Jimih]

 

[Dark Sorrow]

They have to pay back even if its by taking another loan... else run risk of default.

Good read to understand root of the problem-

IMF better choice than costly loans from friends, says former Sri Lanka Central Bank executive

Dr WA Wijewardena holds the government and the Central Bank accountable for the crisis

www.moneycontrol.com

“Similar is the loan facility India has given Sri Lanka, and the Indian government has to extend them continuously every three months. What will happen when the countries cannot extend these loans anymore? Then Sri Lanka will either default or borrow from another source at a very high cost. That is the risky position the country is in today.”

What would be our course of action if the default the loan?

 

[Dark Sorrow]

Any new what is happening with Colombo International Financial City?

 

[Photon]

Check!!! it was there few minutes ago!! but less traffic. Usually south indian skies are similar ..

Image © Suparat Chairatprasert

Reg.: 4R-ABO

Sri Lanka

 

[johnj]

INS JALASHWA

for rescue and humanitarian efforts.

 

[THESIS THORON]

 

[here2where]

What would be our course of action if the default the loan?

Since no jurisdiction is involved and nothing can be done to grab assets, we will write it off as bad loan.

But since lanka would want to continue to exist as an independent country of some reputation, it will accept stringent IMF/WB austerity measures, reboot its economy and eventually pay off all its creditors.

 

[prasadr14]

usually birds explode when they come in contact high tension wires.
Wonder what happened to his body. Did he explode like those birds?

 

[Anirbann Datta]

EAM Manspreading indicates big balls - figuratively ofcourse.

The drunken lankan idiots who elected a street thug must be made to bow low and take a load up their backsides for every $ they get from us.

The posture of dignitaries tells more than the meeting itself, in-fact each posture selection is done carefully regarding whom the intended opposite chair is!!

1st pic-
EAM's chair is at perpendicular position to all others shows the status difference to SL delegation, No direct eye contact to any one while all looks towards him, extra 'manspreading' to show his(India's) dominance in status and power to rest with same posture of both palms resting on chair armrests with relaxed shoulder!! Clear and cleaver show of power-projection to the delegation and world via photo OP!!
2nd pic-
MEA's posture- hands spread, relaxed shoulder, direct eye contact, exposed groin section shows he is the MAN in charge there, while the Lankan got hands folded in front covering tummy and abdominal section with legs tucked closed- shows who the 'fariyadi' is.
I came to know such from one of my friends in 'circle' that high chairs' even gets rehearsed and briefed prior such meetings!!