Deshal De Mel

    De Facto Rationing of Dollars Arising out of Forex Crisis
    by |22 August 2021|Verité in the News
    Published on The Sunday Times While Sri Lanka is grappling with the ongoing foreign exchange crisis, ‘rationing’ is taking place amongst letters of credit as those who have the firepower get the benefit while others are deprived of dollars. This...
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    ‘Sri Lanka’s Import Regime is One of the most Complex and Protectionist in the World’ – US State Department
    by |24 July 2021|Verité in the News
    Published on Tamil Guardian  Citing the World Bank, the US State Department‘s Investment Climate report highlights that Sri Lanka’s “import regime is one of the most complex and protectionist in the world”. The World Banks’ Doing Business Index ranked Sri...
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    Sri Lanka’s Rajapaksa Dynasty Is Not as Secure as It Appears
    by |15 July 2021|Verité in the News
    Published in The Economist SINCE WINNING the presidency in a landslide nearly two years ago, Gotabaya Rajapaksa has worried not that he has too many relatives in government, but that he has too few. One of the 72-year-old’s elder brothers,...
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    Sound Analysis Critical for Economy – Deshal de Mel on Newsline
    by |07 July 2021|Interviews & Articles
    Research Director Deshal de Mel appears on Newsline to talk about Sri Lanka being recently reclassified as a low-middle-income country and the necessity of sound analyses to overcome Sri Lanka's recent economic struggles.
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    Desperately Searching for Dollars: Importers and Import-Intensive Exporters Badly Hit
    by |04 July 2021|Verité in the News
    Published in The Sunday Times Importers continued to fret this week with containers–many of them holding inputs for export manufacturing–held up because dollar-strapped Sri Lankan banks were slow in settling payments with the sellers’ banks abroad. “I bring in raw...
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    Govt initiatives to reduce interest rates and boost economy
    by |17 April 2020|Verité in the News
    Taken from - DailyNews The government was acting in a manner to boost the economy and to reduce interest rates said, Verite Research Economist Deshal De Mel. He warned that due to a large informal sector the impact of COVID...
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    Economist urges need for credible fiscal roadmap
    by |17 March 2020|Verité in the News
    Taken from DailyMirror Sri Lanka would need to demonstrate the return to a credible fiscal path, a transition the country would have to make before the next debt repayment that is due mid this year by shoring up government revenue,...
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    Sri Lanka’s consumption could have recovered with smaller stimulus
    by |25 February 2020|Verité in the News
    Taken from economynext Image courtesy DailyFT Sri Lanka could have achieved a revival in consumer demand with a smaller stimulus, as the country tends to go through a cyclical revival in the wake of shocks, an economist said, amid concerns...
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