Health and Economic Cooperation – Page 6

Factum Perspective: Why are foreign exchange reserves important for an economy?

Health and Economic Cooperation, International DevelopmentSeptember 19, 20211KViews 0Likes 0Comments

By Dr R.H. S. Samaratunga Discussions about Sri Lanka’s foreign exchange (Forex) reserves have made headlines in the past few months. What are foreign currency reserves and how does a country benefit from maintaining good forex reserves? Forex reserves areforeign-currency deposits held by country’s central banks and/or monetary authorities. It also includes gold reserves, Special Drawing Rights (SDRs) and International Monetary…

Factum Perspective: Travel Bubble amid vaccine politics the only way out for tourism

Health and Economic CooperationSeptember 5, 2021579Views 0Likes 0Comments

By Vipula Wanigasekera Sri Lanka tourism revenue has slumped from US $4.4 billion at the peak to almost nothing in 2020. Among the other worst hit foreign exchange earners were foreign remittance, apparel, and tea exports. A senior hotelier representing Sri Lanka’s tourism power brand Jetwing, claims losses of over Rs 2.5 billion in…

Factum Perspective: The Responsibility to Protect during a global pandemic

Health and Economic CooperationAugust 29, 2021874Views 0Likes 0Comments

By Sarasi Paranamanna The contentious principle of Right to Protect (R2P), was utilized by the North Atlantic Treaty Organization (NATO) most sanctimoniously in their intervention in Libya. Whether the principle was used as a result of opportunistic humanitarianism or was in a pragmatic sense is a debate for another day. But in the backdrop…