Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

December 21, 2025

Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destruction

A group of the world’s top economists – including the Nobel prize winner Joseph Stiglitz – have called for Sri Lanka’s debt payments to be suspended as it tackles the devastation caused by Cyclone Ditwah.

More than 600 people were killed and hundreds of thousands of homes destroyed across the island, in what Sri Lanka’s president, Anura Kumara Dissanayake, called the “largest and most challenging natural disaster in our history”.

Source: www.theguardian.com

Read full article

Written by: truelightfm

Rate it

Sweden and Germany slash aid budgets to focus on Ukraine and defence spending

Echoing the dismantling of USAID, other countries are changing funding priorities and health and hunger programmes in Africa will lose out The notion of humanitarian aid being used to combat poverty and hunger is being replaced in Europe with geopolitical “games” as states redirect aid to Ukraine and to defence […]

December 21, 2025