Sri Lanka: Debt Crisis, Neocolonialism and Geopolitical Rivalry

Sri Lanka is in the throes of an unprecedented economic crisis. Faced with a shortage of foreign exchange and defaulting on its foreign debt repayment, the country is unable to pay for its food, fuel, medicine, and other basic necessities. Notwithstanding the austerities that would be entailed, a bail out by the International Monetary Fund (IMF) has been accepted as the only way out of the dire economic situation.

Capitol Hill ‘Insurrection’

According to the mainstream narrative, President Trump’s incitement of his supporters during the certification of Joe Biden’s electoral victory led to the ‘insurrection’ at the US Capitol on January 6, resulting in the banning of Trump’s social media accounts and his second impeachment by Congress.

Pandemic, ‘Great Reset’ and Resistance

According to the Center for Systems Science at Johns Hopkins University, as of November 29th, there have been 62,150,421 COVID-19 cases, including 1,450,338 deaths.

The Covid Pandemic: Broadening the Discourse

SARS-CoV-2, the corona virus that causes COVID-19, has been spreading exponentially across the world over the last ten or so months. As of November 6th, according to the Center for Systems Science at Johns Hopkins University, there have been 49,195,581 cases of COVID-19, including 1,241,031 deaths.

Neo Colonialism vs. Sovereignty in Sri Lanka

On August 5, 2020, a new government was elected in Sri Lanka, bringing down the previous regime associated with the Central Bank bond scam, the Easter Sunday bomb attacks and controversial international agreements.