Bond scam

Upheaval in Sri Lanka

By Policy Research October 29, 2018

Sirisena’s coup has ended the national unity government formed in 2015 he had defected from the Rajapaksa government and, with the backing of Wickremesinghe’s United National Party (UNP), won the presidential election. The Sri Lanka Freedom Party (SLFP), which has effectively been split into pro-Sirisena and pro-Rajapakse factions, has now reunified to back Sirisena’s actions.In …

Sri Lanka: Foreign Minister Karunanayake resigns

By Policy Research August 18, 2017

As Central Bank bond scam rocks Sri Lanka the country’s foreign minister Ravi Karunanayake is made to put in his papers for his role in the fraud when he was finance minister a year ago. Sri Lanka’s Foreign Minister Ravi Karunanayake has resigned. The immediate reason for his decision was a no-confidence motion tabled in …