On August 31, Sri Lankan President Gotbaya Rajapaksha declared an economic emergency in the Island nation. The move was triggered by rising food prices, depreciating currency and depleting foreign exchange reserves. The crisis however has not been an unanticipated event. Sri Lankan’s macroeconomic landscape has been on a steady downward spiral with growth decelerating, combined with a deteriorating fiscal balance. The crisis unfolding in the country can be traced back to past policies and actions of the government. This has manifested through frequent balance of payment crisis and instability evident by the fact that in a period of around 50 years Sri Lanka has been in 16 macroeconomic stabilisation programmes with the IMF. Currently, the country is facing one of the worst macroeconomic crises in history.
The townhall organised by CPPR will comprehend the ongoing economic crisis of Sri Lanka and the lessons it provides to South Asian counterparts. It will present an opportunity to discuss how the policies of the central bank and the government are at the crossroads in managing the fiscal health of the economy of a country. It is also of academic interest for the students of economics to understand the fall out of the policies like protectionism, raising import tariffs, and restrictions to open and free trade etc.
Speaker: Dr. Indrajit Coomerswamy, Sri Lankan Economist and the 14th Governor of the Central Bank of Sri Lanka.
Discussant: Mr. Shivdas B Menon, Former Chairman of Confederation of Indian Industry & Managing Director at Sterling Farm Research & Services Pvt Ltd .
Moderator: Ms. Nissy Solomon, Senior Associate – Research, CPPR
Date and Time: Oct 6, 2021, Wednesday, 5:00pm IST to 6:00pm IST
The CPPR Townhall Series is a live virtual discussion forum for leading minds across the world to converse & critique the state of play in public policy.
The inaugural edition will feature a deliberation on the Economic Emergency in Sri Lanka.
The ICWA and CPPR shall be jointly organising a one-day virtual seminar where across three plenary sessions, each of the three focus topics identified above shall be discussed by a panel of Indian and international experts. The one seminar is the culmination of the joint research initiative of ICWA and CPPR on Strategic Futures: Regional Maritime Security Complexes of the Western Pacific Rim; Indian Ocean – Southern Ocean; and the Arabian Sea Littoral.
Welcome: Dr Joshua Thomas, Erudite Distinguished Fellow (International Relations), CPPR
Inaugural speech: Mrs. Vijay Thakur Singh IFS (Retd), Director-General, Indian Council of World Affairs
Keynote speech: Ambassador TP Sreenivasan, Former Ambassador of India and Governor for India of the IAEA
Session 1 – Western Pacific Rim Security Complex
11:00 AM to 12:00 PM
Dr Vijay Sakhuja, Former Director, National Maritime Foundation; and Distinguished Fellow, CPPR.
Dr Avinash Anil Godbole, Associate Professor, International Relations and Assistant Dean, O.P. Jindal, Global University
Dr Takeshi Daimon-Sato, Professor, School of International Liberal Studies, Waseeda University, Japan
Dr Pragya Pandey, Research Fellow, ICWA
Session 2 – Western Indian Ocean – Southern Ocean Security Complex
12:10 PM to 01:10 PM
Prof Dr W Lawrence S Prabhakar, Author, Researcher & Professor, International Relations & Strategic Studies; Advisor, CPPR
Dr R P Pradhan, Associate Professor, Dept.of Humanities & Social Science, BITS Pilani, K K Birla Goa Campus; and Distinguished Fellow, CPPR
Dr Shelly Johny, Assistant Professor of Political Science, St. Aloysius College (University of Calicut); and Senior Fellow, CPPR
Dr Sankalp Gurjar, Research Fellow, ICWA
Session 3 – Arabian Sea Littoral Maritime Security Complex
01:45 – 02:45 PM
Vice Admiral M P Muralidharan, AVSM & Bar, NM (Retd) Former Director-General, Indian Coast Guard; and Distinguished Fellow, CPPR
Rear Admiral Krishna Swaminathan, Southern Naval Command, Indian Navy
Dr. Uma Purushothaman, Assistant Professor, Dept of International Relations and Politics, Central University of Kerala.
Dr Vivek Mishra, Research Fellow, ICWA
Oct 21 - Oct 21
Oct 19 - Oct 19
The year 2021 w
Oct 13 - Oct 13
Oct 06 - Oct 06
Sep 22 - Sep 22
Sep 17 - Sep 17
Sep 02 - Sep 02
Jul 08 - Jul 08