Category Archives: World Bank

Doom and Gloom Forecast for Sri Lanka … and USA … and the World!

ONE: IT is the BUDGET Nap-Time in Sri Lankan Parliament

After a tasty rice & curry meal for lunch with Fruit salad, Ice cream, watalappam etc. provided by the Parliament Cafeteria, (for a subsidized price of Rs150) this is what you can expect !

ALSO SEE

* Shenali Waduge:   “IMF bailout : Sri Lanka’s troubles only beginning,” 18 February 2016, …. http://www.sinhalanet.net/imf-bailout-sri-lankas-troubles-only-beginning

Continue reading

Leave a comment

Filed under commoditification, doctoring evidence, economic processes, life stories, news fabrication, performance, politIcal discourse, propaganda, self-reflexivity, the imaginary and the real, trauma, truth as casualty of war, welfare & philanthophy, World Bank, world events & processes

Mick Moore’s Reading of Razeen Sally’s Evaluation of the Sri Lankan Dispensation Today

Mick Moore, 4 January  2015

I share with Razeen Sally the hope that Maithripala Sirisena will win the forthcoming presidential election. Like Sally – and a good chunk of the Lankan electorate – I have a strong distaste for corrupt, exclusionary, authoritarian rule. I also agree with Sally that a victory for Sirisena would be, at best, only the beginning of a long process of re-establishing stable, inclusive democratic rule. The obstacles to success are deep-rooted and formidable. But Sally’s advice – that a future non-Rajapakse government should put emphasis a combination of a pro-Western (and pro-Indian) foreign policy and a more market-oriented economic policy – is unlikely to be helpful. It is not that these things would be inherently wrong. Small doses of them might actually be useful. But they are either infeasible (foreign policy) or miss the point (economic policy). In broad terms, his is the same advice that ‘the West’ has been giving Sri Lankan governments since Independence over half a century ago. It remains largely unpalatable. In the current‘Asian century’, it is often impractical or irrelevant. And it also has a poor track record.

Mick_Moore_edit200 Continue reading

4 Comments

Filed under accountability, authoritarian regimes, communal relations, historical interpretation, island economy, modernity & modernization, politIcal discourse, power politics, press freedom & censorship, propaganda, Rajapaksa regime, security, Tamil civilians, the imaginary and the real, tolerance, transport and communications, truth as casualty of war, welfare & philanthophy, working class conditions, World Bank, world events & processes, zealotry

Charles Haviland’s Farewell Political Travelogue on Sri Lanka

haviland SEE Sri Lankan journey at http://www.bbc.com/news/world-27494822#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa…..20 May 2014 Last updated at 17:24 BST

About 300 miles separate the old Dutch fort of Galle on Sri Lanka’s southern tip and Mullivaikal, the strip of land in the north where an army assault on Tamil rebels ended a civil war five years ago. The BBC’s Charles Haviland travelled up the coast passing fish markets and seaside resorts, eventually turning inland towards the ancient capital and ending up in a desolate former war zone. These are the stories of the people he met on the way.

Photofilm production by Paul Kerley. Publication date 21 May 2014

Leave a comment

Filed under discrimination, life stories, politIcal discourse, population, slanted reportage, sri lankan society, Tamil civilians, travelogue, truth as casualty of war, unusual people, vengeance, World Bank

The World Bank – does it cash in on the deprived?

Michael O’Leary, Courtesy of Lanka Monthly Digest, 11 October 2011 edn … also see http://lmd.lk/

The World Bank’s (WB) official goal is the reduction of poverty and its function is to provide loans to developing countries for capital programmes. In the 1940s and ’50s, the bank adopted a conservative approach and its level of lending was low. From 1968, its President Robert McNamara shifted policy towards measures like building schools and hospitals, improving literacy and agricultural reform. Keynesianism was the ideology of the lender’s bureaucrat-economists, whose ideals echoed the domestic policies of the US governments of the time – LBJ’s Great Society, with its emphasis on growth and redistribution as a remedy for poverty.

McNamara’s Treasurer Eugene Rotberg acquired capital from the global bond market. Ironically, Swiss banks (many of which hoard much of the money looted by dictators from developing nations) contributed a substantial share of these funds. Unfortunately, from 1976 to 1980, debt levels in developing nations rose at an average annual rate of 20 per cent. Continue reading

1 Comment

Filed under accountability, american imperialism, NGOs, politIcal discourse, welfare & philanthophy, World Bank, world events & processes