If current trends continue, Oxfam predicts that five trillionaires will emerge within the next decade. In stark contrast, the number of people living in poverty has remained nearly unchanged since 1990.
With vegetable inflation exceeding 40 per cent, consumers face the brunt of soaring costs, while weak market monitoring and governance exacerbate the issue.
Sri Lanka’s central bank embraced deflationary measures that allowed currency appreciation and restored external stability. Critics argue, however, that these gains may be short-lived without structural reforms and tighter inflation targets.
Pakistan is taking significant steps to deepen its financial and economic engagement with China, aiming to tap into the world’s second-largest capital market and expand corporate opportunities in Hong Kong.
The 2013 amendment to the Anti-Corruption Commission Act, requiring government approval to investigate politicians or bureaucrats, has been particularly criticized for stifling the ACC’s independence.
India must urgently integrate population planning into climate change initiatives and sustainable development goals to forge long-term policies that protect our planet.
If Sri Lanka is to prevent a permanent underclass from forming in the wake of the 2022 crisis, economists argue that the focus must shift aggressively from mere stabilization to equitable growth.
In almost every sector, certain frameworks eventually become signals. Certifications become indicators of quality. Governance standards become indicators of reliability. Disclosure practices become indicators of organisational readiness.
If Sri Lanka is to prevent a permanent underclass from forming in the wake of the 2022 crisis, economists argue that the focus must shift aggressively from mere stabilization to equitable growth.