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Health and Economic Cooperation

Factum Perspective: The BRICS, SCO, and the emerging Multipolar order

By Shakthi de Silva Of late, headlines have been dominated by news of the BRICS deciding, at its 15th Summit in Johannesburg, to add six new members from 2024. The news should not necessarily come as a surprise, as the original members, Brazil, Russia, India, China, and South Africa, agreed during the 14th BRICS…

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Factum Special Perspective: Sri Lanka’s trilemma

By Uditha Devapriya Sri Lanka’s future lies in its ability to balance the three great powers in – and not of – the Indian Ocean: India, China, and the US, and in that order. Its dilemma has something to do with it being a small state, but more importantly with it being a small state…

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Factum Perspective: Putting de-dollarization in perspective

By Rumeth Jayasinghe “Our country is crashing and will soon no longer be the world standard, which will be our greatest defeat frankly in 200 years. There will be no defeat like that will take us away from being even a great power.” Donald Trump In its simplest sense, de-dollarization refers to the global shift…

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Factum Perspective: Ranil Wickremesinghe’s mission to New Delhi

By Uditha Devapriya On July 2 and 3, Factum held its first Ambassadors’ Day at the Kataragama Esala Perahera. The event was attended by the Bangladeshi High Commissioner and the First Secretary to the Maldivian High Commission on the first day, and the Thai Ambassador on the second, which coincided with the final night of…

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Factum Special Perspective: Politics, economics, and S. B. D. de Silva

By Kanishka Goonewardena “Capitalism is nothing if not the displacement of politics by economics.” This provocation by Fredric Jameson, the leading Marxist critic in the US, offers a fine insight with which to aim for some clarity amidst the confusion concerning the present crisis of Sri Lanka – which the Aragalaya has revealed, but…

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Factum Perspective: Reflecting on the X-Press Pearl Case

By Britney Martil The X-Press Pearl disaster, which unfolded on May 20, 2021, near the coast of Sri Lanka, stands as a harrowing event with profound consequences that have reverberated across multiple fronts. This maritime catastrophe has sparked significant developments in recent times, drawing attention to the gravity of the incident and emphasizing the pressing…

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Factum Special Perspective: The BRICS Bank and Multipolar Multilateralism

By Sanja de Silva Jayatilleka South Africa will be hosting the 15th BRICS summit this year from August 22 to 24, under the theme “Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism.” South Africa’s President Cyril Ramaphosa, addressing his National Assembly in this context, said that a strategic priority for his country was…

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Factum Perspective: Central Bank Digital Currencies and Emerging Economies – Part II

Read Part I of this article here. By Kasun Thilina Kariyawasam In general, Central Bank Digital Currencies (CBDCs) can help businesses and individuals engage in international trade and investment, by providing a stable, regulated, and transparent currency that mitigates some of the risks associated with cross-border transactions. CBDCs for firms A CBDC can help…

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Factum Perspective: Indo-Sri Lankan relations since independence – A checkered history

Read this article in Tamil: vidiyal.lk/post/--2812 By P. K. Balachandran India-Sri Lanka relations are undoubtedly at their best now, thanks to India’s timely and generous assistance to its financially-beleaguered southern neighbor. But in the past 75 years or more, bilateral relations have been overwhelmingly troubled. Therefore, the million-dollar question now is: Will India’s help…

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Factum Perspective: The road ahead for Emerging Markets

By Kasun Thilina Kariyawasam “The dollar is our currency, but it's your problem.” John Connally, US Treasury Secretary, 1971 In the post-COVID global economy, Emerging Markets were hit with a double-whammy downward spiral. Even prior to the pandemic, Emerging Markets (EMs) were struggling with high inflation, lack of investment, unemployment, and other issues. Then COVID-19…

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