Sri Lanka Has a New Broom! Will it Sweep Better than the Old Brooms?
Posted on October 11th, 2024
Prof. Hudson McLean
Knowing Language or Knowing Communication Skills.
There is a subtle difference.
In most cases, from what I have seen of Sri Lankan Officials and Businessmen, Lack Both.
The failure of getting IMF support is a Case-in-Point!
Keeping Sinhala as the Official Language is important, BUT English should be taught like it was done in the 1950s, 1960s.
Learn a lesson from Singapore.
Whilst most Chinese speak Mandarin, the majority of Singaporeans speak excellent English!
In business negotiations, the First Impression is Critical.
Whether one dons a business suit or the National Costume, the body language plays a great role in creating the First Impression.
Next the Presentation Skills.
Good visual presentation should be Short, Brief with Bullet Points.
The best in Powerpoint Presentations are the Americans & the British.
The Presentation to IMF or to EU officials demand Professional Presentation made by a proficient agency.
The IMF Officials have a great international experience in seeing some of the best skills.
How much is the IMF debt in Sri Lanka?
Sri Lanka’s debt-to-GDP (gross domestic product) ratio is expected to fall from 128 percent of GDP in 2022 to just above 100 percent by 2028, according to IMF forecasts. Debt servicing costs – the percentage of tax revenues needed to pay creditors – will also remain elevated.20 Sept 2024
National debt of Sri Lanka 2022
In 2022, the national debt in Sri Lanka increased by 32.5 billion U.S. dollars (+54.25 percent) since 2021. With 92.43 billion U.S. dollars, the national debt thereby reached its highest value in the observed period. Notably, the national debt continuously increased over the last few years. 4 Jul 2024
Who owns the debt of Sri Lanka?
These creditor groups are the Official Creditor Committee of official bilateral lenders (co-chaired by France, India, and Japan), who hold $5.8 billion of Lankan debt; the China Exim Bank ($4.2 billion); other Official Creditors (Kuwait, Saudi Arabia, Iran, Pakistan – $0.3 billion); ISB holders ($14.2 billion); China …9 Jul 2024
Sri Lanka has a New Broom!
Will it Sweep Better than the Old Brooms?
Time will Tell!
It Cannot Get Any Worse! Can it?
Credit: Google
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