Basil gets Pathfinder Report on tripartite dialogue to address economic crisis

Tuesday, 15 February 2022 03:10 - - {{hitsCtrl.values.hits}}

The Pathfinder Foundation recently brought together a team of experts from three countries, India, Japan, and Sri Lanka, to conduct an in-depth discussion and brainstorm on immediate-term and medium-term solutions to address the current financial crisis faced by the country. Their conclusions have been published in a document titled “Recommendations for Sri Lanka: Debt Restructuring and Bridge Financing for Humanitarian Purposes”.

Pathfinder Foundation Chairman Bernard Goonetilleke, handed over the report to Finance Minister Basil Rajapaksa at the Ministry of Finance.

The Study Group for Tripartite Cooperation comprised of, National Graduate Institute for Policy Studies (GRIPS) Professor and GRIPS – ALLIANCE – Japan Executive Adviser Amb. Nobuhito Hobo; School of International and Public Policy, Hitotsubashi University – Japan Former Professor Prof. Shinji Asanuma; University of Shizuoka – Japan Faculty of International Relations Professor Emeritus of Economics Prof. Hirohisa Kohama; Research and Information System for Developing Countries (RIS) – India Chairman Amb. Dr. Mohan Kumar; Pathfinder Foundation – Sri Lanka Chairman Bernard Goonetilleke; The Pathfinder Foundation – Sri Lanka Distinguished Fellow Dr. Indrajit Coomaraswamy; and The Practice of International Development at Georgetown University’s Edmund A. Walsh School of Foreign Service – USA Professor Dr. Shanta Devarajan.

Following several rounds of virtual discussions, the study group proposed a set of recommendations for debt restructuring and bridge financing to address the economic crisis to be presented to the three governments viz. India, Japan and Sri Lanka.