- Sep 8, 2020
- Reaction score
- Political Leaning
A political reckoning in Sri Lanka as debt crisis grows
How Four Powerful Brothers Broke an Island Nation
The Rajapaksa clan has dominated Sri Lankan politics one way or another in the 2000s, and while being temporarily out of power 2015-20, they were able to return with a landslide victory in the 2020 election. Now Sri Lanka's economy is in complete ruins, and everyone blames the Rajapaksa brothers (it's their economic policies since the mid 00s that are now backfiring). But will this be enough to topple them? They have governed the country for a long time and have deep roots in the state machine.
A good example of the mismanaging, Sri Lanka borrowed heavily from China to build the Port of Hambantota, but couldn't repay the loan and had to agree to lease the port to China for 99 years.