A SME impacted by the recent Ditwah cyclone in Central province
At the time of writing this article, media reports indicate that a group of 120 leading global economists, including Nobel laureate Joseph Stiglitz, have issued a welcome and timely call for the suspension of Sri Lanka’s debt payments and a fresh assessment of debt sustainability. Their intervention underscores a principle that is often acknowledged rhetorically but resisted in practice. In moments of national catastrophe, debt relief itself becomes a form of disaster relief. There is little doubt that such an approach would provide critical breathing space for the Sri Lankan economy, which has only begun a fragile and uneven recovery after years…