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Health and Economic Cooperation

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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Factum Special Perspective: Sri Lanka and Türkiye – Renewing an old friendship

By Uditha Devapriya The Sri Lankan government has tasked the Lakshman Kadirgamar Institute to conduct a review of the country’s foreign relations. While officials have not yet come out with details, the review is set to include a reconsideration of Sri Lanka’s ties with various countries, in light of recent international developments. The Executive Director…

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Factum Perspective: Turkiye’s South Asia policy – An assessment

By P. K. Balachandran On the face of it, opting for “strategic autonomy” in a multi-polar world makes sense. It releases a country from the shackles of pre-existing alliances and enables it to take its decisions independently. It enables a country to navigate among antagonistic international groups and strike the best bilateral bargains. In the…

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