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What's Next for Sri Lanka?

With the resignation of President Gotabaya Rajapaksa and an economy on the verge of collapse, Sri Lanka faces perhaps its worst crisis since independence in 1948. The aftershocks of the 2018 Easter Bombings, the COVID-19 pandemic and the global fallout from the Russian invasion of Ukraine — compounded by the Rajapaksa administration’s gross economic mismanagement and high levels of external debt — have left what was once one of South Asia’s most promising economies reliant on foreign aid to import necessities like food and fuel. As Sri Lanka’s parliament prepares to elect a new president and the Janatha Aragalaya (People’s Struggle) movement looks to the future, where does Sri Lanka go from here? On July 25, USIP held a discussion on what’s next for Sri Lanka — from reforming the constitution to lessen the power of the presidency to finalizing a deal with the International Monetary Fund and Sri Lanka’s creditors to secure relief to the immediate economic crisis. The conversation also touched on the United States, India, China and other international actors are addressing Sri Lanka’s crisis. For more information about this event, please visit: https://www.usip.org/events/whats-nex... Speakers: Amb. Prasad Kariyawasam Former Foreign Secretary and Former Ambassador of Sri Lanka to the United States Bhavani Fonseka Senior Researcher, Centre for Policy Alternatives Akhil Bery Director of South Asia Initiatives, Asia Society Policy Institute Ambika Satkunanathan Former Commissioner of the Human Rights Commission of Sri Lanka Tamanna Salikuddin, moderator Director, South Asia Programs, U.S. Institute of Peace Connect with us! Subscribe to our YouTube channel: https://www.youtube.com/subscription_... Twitter:   / usip   Facebook:   / usinstituteofpeace   Instagram:   / usipeace   LinkedIn:   / united-states-institute-of-peace   Newsletters: http://www.usip.org/sign-usip-updates Podcasts: https://www.usip.org/podcasts The United States Institute of Peace is a national, nonpartisan, independent institute, founded by Congress and dedicated to the proposition that a world without violent conflict is possible, practical and essential for U.S. and global security. In conflict zones abroad, the Institute works with local partners to prevent, mitigate, and resolve violent conflict. To reduce future crises and the need for costly interventions, USIP works with governments and civil societies to build local capacities to manage conflict peacefully. The Institute pursues its mission by linking research, policy, training, analysis and direct action to support those who are working to build a more peaceful, inclusive world. Learn more about USIP: https://www.usip.org/about