Deshal de Mel

Economist, retired street cricketer, failed comedian.

[Deshal de Mel @deshald]

Turns out Sri Lanka (afka Ceylon) was involved in a sovereign debt restructuring in 1953, as a creditor (!) Likely restructuring export credit (tea or rubber) to germany pre-war, which also included a SCDI linked to german economic growth and exports. https://t.co/AWWYbjo83Y

[Michael Pettis @michaelxpettis]

4/5
There were 18 other creditors, mostly European, but also Canada, Ceylon, Iran, Pakistan, and South Africa. Among the European creditors, interestingly enough, was Greece, the memory of which helped spice up the post-GFC discussions on Greek debts to Germany and the EU.

[Deshal de Mel @deshald]

@DalrympleWill Surely it should have been named it Bee-elzebub.

[Deshal de Mel @deshald]

@aselawaid Games to be played with shuttle CACs @UmeshMoramudali

[Deshal de Mel @deshald]

983 days. 3 Presidents. 3 Finance Ministers. 1 team. Sri Lanka is back.

https://t.co/Ur8AS9BmED

[Deshal de Mel @deshald]

Whilst today’s debt standstill is a positive in terms of beginning the recovery process through debt restructuring and freeing up forex for critical imports, it’s a sad day since this was entirely avoidable if we acted early. This from an internal note on 4th December 2019.

[Deshal de Mel @deshald]

@nealjclark1 @RajaKorman got to hand it to her.

[Deshal de Mel @deshald]

@rukmankan goodbye rotator cuff, goodbye.

[Deshal de Mel @deshald]

@hbytwo @afidelf Sorry, I can’t make puns on te-ran just like that #aiyo

[Deshal de Mel @deshald]

Whilst today’s debt standstill is a positive in terms of beginning the recovery process through debt restructuring and freeing up forex for critical imports, it’s a sad day since this was entirely avoidable if we acted early. This from an internal note on 4th December 2019.

[Deshal de Mel @deshald]

Slide on the immediate steps that could be taken to address the prevailing foreign exchange issues. Lot more structural stuff to be done subsequently but these are the most urgent steps.

[Deshal de Mel @deshald]

@n2addict Roses are red
Violets are blue
Wait another day
Buy one, get two.

[Deshal de Mel @deshald]

@RegularReh True. Never a dhal moment.

[Deshal de Mel @deshald]

@NewsfirstSL The ultimate liquidity crisis.

[Deshal de Mel @deshald]

@RegularReh Most pharmaceutical products (except ayurveda imports) are anyway duty free https://t.co/rcRptGyADq

[Deshal de Mel @deshald]

@afidelf Send noods

[Deshal de Mel @deshald]

@deshan10 @Colpetty Just hoo it.

[Deshal de Mel @deshald]

Some recollections of Mangala’s work as Minister of Finance https://t.co/PJhMpyNh1K

[Deshal de Mel @deshald]

@DulithHerath @samarajiva Dara-z missed a trick there.

[Deshal de Mel @deshald]

@DeaneJ This is a model protest 👍🏽

[Deshal de Mel @deshald]

@samarajiva A license to till #aiyo

[Deshal de Mel @deshald]

Cat is no doubt a long suffering Lankan cricket fan #ENGvSL #aiyo