Umesh Moramudali
@UmeshMoramudali
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Sentimental fool, friends say. Research on debt, trade and political economy. RTs are not endorsements. @warwickecon and @CheveningFCDO alumni
Kottawa
Joined November 2011
I and @ThilinaKalhara published a paper titled 'Evolution of Chinese Lending to Sri Lanka Since the mid-2000s - Separating Myth from Reality' at @SaisCari This certainly is the greatest achievement of my research/writing.
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Today update in uni admin rackets. When an academic resigns, the uni admin makes us signing a letter stating that “I personally responsible for the delay of submitting the Refund/Consent for recoveries” even when all such submissions are done on resignation day.
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RT @neelanofficial: Save the Date! .Virtual Convening on.Macroeconomic Policy and Socio-Economic Rights in #lka .01 – 02 Sep 2025 | 09:00 A….
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This university bond thing is truly a bond scam and it’s worse than I thought. (අවුල් කියල දැනං හිටියා මෙච්චර අවුල් කියල දැනං හිටියෙ නෑ).So glad about not signing it.
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Private lending & Eurobonds are attractive to many low & middle-income countries despite the higher interest and short maturity, because they are discretionary lending. No other lending can match this level of discretion. Countries prefer financial autonomy when taking out loans.
[Debt Justice research] "Of the 32 countries [among lower income & SIDS] with the highest external debt payments, 21 of them sent more than 30% of payments to private lenders . ".
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RT @yuenyuenang: Economists and social scientists should always build models - but of a different kind . Models to illuminate, not erase,….
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The same subject had a comprehensive chapter about different types of businesses, such as sole proprietorship, Limited Liability, PLC, Public Corporations, and their structures. I think this subject was broken into two later, I am not so sure.
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What people often don't tell or forget is that most of this stuff was (or are) actually included in Business Studies and Accounting subjects taught for O/L. I did this subject in 2005/06, and it even included a chapter about unit trusts, amongst other investment tools.
Sri Lanka’s financial market and education sector officials have discussed including capital market content into the proposed financial literacy curriculum under its new education reforms, the Securities and Exchange Commission said.
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RT @AruthaResearch: Sri Lanka’s public debt numbers have long been shrouded in mystery 🇱🇰.Mismatched figures and unanswered questions often….
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On today’s uni drama - when I pointed out that calculations for the no pay leave penalty is wrong, I was asked to write a separate letter to the Vice Chancellor, through Dean and Head of Department. This is what administration harassment looks like
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I got a scholarship to do the PhD, and university has nothing to do with it. I competed in global level to secure this scholarship. University still bonds 1/3 of it, in addition to this no pay penalty
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Update on this : I sent an email requesting detailed breakdown of the calculations for each year. I got a response with the aggregate breakdown which has 1 mil no pay penalty. Sent them an email asking the basis for no leave penalty, and relevant circular.
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On today’s uni drama : University administration wants me to sign a bond worth 15 million, but refuses to share the calculations of it, stating that it is “confidential”.
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Also, UGC, as usual was not clear about the responsibility of academics regarding submitting asset declarations. Only on 30 June, UGC provided a clarification on the matter.
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When did you guys were asked to submit asset declarations since? We got an email last week to do so and nothing before. Now as per the UGC we have to submit it by 7 July. I don’t have a problem with submitting, but it’s a too tight deadline . @NisansaDdS @dilenigun @DineshaSam.
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The other side of the coin is the low pay for skilled work in gov service. SLAS officer with a masters + 5 yrs of experience gets salary of less than 150k. If you want quality service, you gotta pay people. Yes, a mere salary increase isn't gonna fix it, but that's essential.
Selection issue. - risk-averse people who want a pension join the government. - there are few measurements no penalties for bad quality of service. - the only incentive for being good at your job is more work . - thus the system overwhelmingly selects for cautious idiots.
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Using this excellent article by @Brad_Setser and Joshua Younger to teach current account surplus and reserve management + risks in international finance. The article provides a lot of real-world examples about the US role in finance, and how BOP works.
ft.com
And why it could blow up in everyone’s face
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RT @Uppercut07: Have told this before when #MDA turned 30; either he needs to be successful batting in the top order in Tests or should be….
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Does anyone have a number of the passport office that actually answer the phone ?.
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Feng argues that China has a whole ecosystem to expand industry. He refers to these as “Complementary relationships” including education & finance. He sort of asks the question "If you have these in abundance, why not industrialize more and gain strategic power as an industry hub.
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