CLEAN : China-backed boondoggles testament to Sri Lanka's mismanagement

The video discusses the Rajapakse family's influence in Sri Lanka, highlighting their nationalistic ideology and economic policies. It examines the role of Chinese investments in the country, particularly in Colombo and Hambantota. The video attributes Sri Lanka's economic crisis to lax fiscal and monetary policies, excessive subsidies, and tax concessions. It emphasizes the need for financial aid from friendly countries to address currency dislocation and avoid a severe economic downturn.

What was the primary focus of the Rajapakse family's economic ideology?

• Globalization

• Self-sufficiency

• Privatization

• Foreign investment

Which major project did China invest in within Colombo?

• Hambantota Airport

• Colombo Port City

• Kandy Expressway

• Galle Fort Restoration

What percentage of Sri Lanka's total external debt was attributed to China?

• 30%

• 20%

• 10%

• 5%

What were some of the fiscal issues that contributed to Sri Lanka's economic troubles?

• Excessive subsidies and tax cuts

• Over-reliance on tourism

• High interest rates

• Lack of foreign aid

What is the current status of Sri Lanka's currency according to the transcript?

• Strengthening

• In extreme dislocation

• Overvalued

• Stable

Which countries are considered 'friendly' for potential bilateral support?

• Germany, France, Italy

• India, China, Japan

• USA, UK, Australia

• Russia, Brazil, South Africa

What could have potentially softened the impact of Sri Lanka's economic crisis?

• Earlier intervention

• Increased tourism

• Higher taxes

• More foreign loans