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International Development

Factum Perspective – Speech lessons for Lankan leaders from Barbados PM

By Omar Rajarathnam Sri Lankan President Gotabaya Rajapaksa and Barbados Prime Minister Mia Mottley address the COP26 World Leaders Summit in Glasgow 2021 Sri Lankan leaders in recent times have often struggled to effectively advocate for the country’s interest at international forums. The likes of Sirimavo Bandaranaike, J.R. Jayewardene and Chandrika Bandaranaike Kumaratunga during the…

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

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…

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