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