George Soros declared in January that the world is witnessing “only the beginning of the decline of financial markets and only the beginning of Sri Lanka being the exception”.
The billionaire investor made the bold claim at a conference in Colombo one year after the country’s strongman president, Mahinda Rajapaksa, was unexpectedly ousted by a broad coalition of former colleagues from his Sri Lanka Freedom Party and the main opposition United National Party.
Under the stewardship of the country’s new president, the SLFP’s Maithripala Sirisena, and Prime Minister Ranil Wickremesinghe of the UNP, the coalition consolidated power following parliamentary elections last summer. ...
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