The Intelligence from The Economist Debtor luck next time? Meeting Sri Lanka’s new president
Aug 19, 2022
Leo Marani, Asia editor for The Economist, and John O'Sullivan, an economics writer for the publication, discuss pivotal changes in Sri Lanka following the presidential office protests. They analyze the new government's plans for economic recovery and international relations. Meanwhile, they explore Turkey's unexpected growth amidst rampant inflation, delving into President Erdogan's unconventional monetary policies. The conversation also touches on the evolving role of the British monarchy as Queen Elizabeth steps back, highlighting the rise of Prince Charles.
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Contrasting Visits
- Leo Marani describes his contrasting visits to the Sri Lankan president's office.
- The first visit saw it occupied by protesters, while the second was a formal meeting with the new president.
Sri Lanka's Return to Order
- Sri Lanka's swift shift from chaos to order is attributed to three factors: restored law and order, improved fuel management, and honest communication.
- Citizens, tired of uncertainty, welcomed stability and a government acknowledging the challenges.
Fuel Crisis Management
- Though Sri Lanka's financial woes persist, better fuel organization, not increased supply, eased the crisis.
- A QR code system allocates weekly fuel quotas, eliminating indefinite queues.