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Institute for Political Economy (IPE) set up by Lankan academics
Institute for Political Economy (IPE) is an independent think tank set up to stimulate and inform debates and discussions on public policy implementation in Sri Lanka amidst a turbulent global economy. IPE, inspired by the aragalaya (struggle), aspires to be a centre for progressive thought and critical analysis dedicated to rewarding work over wealth and calls for systemic change in Sri Lanka’s political economy landscape.
IPE is committed to researching and disseminating transformative economic policies and development strategies, a news release on the launch said.
IPE’s core strength lies in the dedication of its volunteers, who comprise a network of academics, economists and professionals located globally. IPE aims to promote current global debates calling for a recalibration of the global economy, away from entrenched financialised interests and is committed to seeking viable alternatives. There is growing recognition that entrenched vested interests, including in the Global North and in Sri Lanka, are hindering equitable and ecologically sensitive development trajectories.
As a virtual organization, IPE welcomes all individuals committed to exploring alternatives that shield Sri Lanka from the excesses of the current global economic order and confront contemporary development challenges head-on.
“We believe that it is essential to develop critical analyses of mainstream policies and challenge conventional thinking,” said Charith Gunawardena. He co-founded IPE, along with Kanchana N Ruwanpura and Kanishka Goonewardena, both professors at their respective institutions. He went on to say: “Our collective aspiration is to foster an environment that encourages collaboration, draws on expertise from around the world, and advocates for transformative system change. By acknowledging existing inequities, we can collectively shift economic processes towards a progressive, egalitarian, and democratic direction”.
Key Objectives of the Institute for Political Economy (IPE):
* Providing a Platform for Progressive Dialogue: Serves as an independent platform where progressive policies and ideas can be freely discussed, debated and exchanged.
* Highlighting Global Economic Imperfections: Highlighting the prevailing imperfections of the global economic model and raising awareness about its adverse effects on societies worldwide.
* Informing and Supporting Stakeholders: Inform and support policymakers, the public, businesses, and civil society about economic issues and alternative policy solutions.
* Encouraging Public Debate and Exchange of Ideas: Foster a culture of open debate and idea exchange among various stakeholders.
* Monitoring Policy Effects: Monitor and evaluate the impact of policies and government programs.
* Collaboration with International Organizations: Recognize the importance of global cooperation and seek to align with international organizations that share its vision for equitable economic development.
As IPE embarks on its journey towards proposing transformative economic policies, it invites stakeholders from all sectors to join hands in this critical endeavour. By combining diverse expertise and perspectives, IPE aims to create a powerful force for positive change in the country.
Economist Ishac Diwan, Director of Research for the Finance for Development Lab at the Paris School of Economics (part of Ecole Normal, Sorbonne-Paris 1), who also serves as an advisory board member of the IPE shared his reflections by saying: “Congrats on putting this think tank together. All of you have done admirable work already and comes at a critical time to carry forward work that promotes alternative models on the debt crisis and the global economy. I am happy to be part of the advisory board for IPE (Institute of Political Economy) and look forward to working with everyone.”
IPE’s public engagement around the debt crisis and seeking just solutions for it, continues with a Newsfirst, Sri Lanka (People’s Platform) television programme on the topic “IMF: Beyond ticking the boxes” which aired on 26th September 2023. It included Professor Jayati Ghosh (Professor of Economics at the University of Massachusetts-Amherst, USA), who is also on the IPE Advisory Board. This programme is one in a series of public engagements that a loose collective for debt justice began, which IPE hopes to continue. These initiatives involved collaboration with the Research Intelligence Unit (RIU), Verite, and multiple television panels (including the People’s Platform), which included interviews with Professors Jayati Ghosh, Ishac Diwan, Guy Standing, Yanis Varoufakis, Radhika Balakrishnan, Muthucumaraswamy Sornarajah. IPE plan to continue these public engagements.
More information: www.ipe-sl.org.
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Over 40 persons injured in head on crash at Talalla
Over 40 persons have been injured (some critically) as two buses one travelling from Galle to Ampara and the other from Tangalle to Matara crashed head on at Talalla Matara this morning.
The injured have been admitted to the Matara General Hospital and Bathhegama District Hospital.
News
Turkiye beat US 3-2 with stoppage-time goal in dead rubber
Turkiye beat a heavily changed United States 3-2 with a late Kaan Ayhan winner in an action-packed dead-rubber clash that gave the 2026 World Cup cohosts their sternest test so far ahead of the knockout rounds.
Already crowned the Group D winners, the US arrived in Los Angeles seeking to extend a perfect start with a third win, but with more than an eye on next Wednesday’s last 32 meeting against Bosnia and Herzegovina.
For Turkiye, already eliminated and without even a goal after disastrous losses to Paraguay and Australia, the only objective was to restore some pride.
Despite the low stakes and substantially reshuffled lineups for both teams, a packed Los Angeles Stadium was in a deafening mood.

For the third game running, the US got off to a dream start. One of nine changes, backup centre-back Auston Trusty, was unmarked at the far post from a US corner, given time to cushion the ball with his left foot, then blast it home.
It was the Celtic defender’s first international goal, and – at just under three minutes – the second-fastest by the US at a World Cup.
But Turkiye did not surrender. Having not scored in 62 efforts across their first two games, it was the 63rd time lucky for the Turks, and their star man, Arda Guler.
The Real Madrid forward duped Mark McKenzie with a clever dummy, allowing the ball to run down the right flank to Baris Alper Yilmaz.
Yilmaz crossed it back to Guler, who smashed it past Matt Turner to equalise in the 10th minute.

With Brad Pitt and Edward Norton among the Hollywood crowd, the game threatened to become a fight club, as Turkiye’s bench rushed the field to protest a foul by the combative Sebastian Berhalter, who earned a yellow.
The Americans thought they had restored the lead, with McKenzie the second US centre-back to put the ball in the net. But his sharp response to Ricardo Pepi’s saved shot was ruled offside.
In the 31st minute, the US found themselves behind for the first time this World Cup.
Guler spotted Eren Elmali’s overlapping run, feeding it to the wing-back, who cut the ball back from the left byline to Yilmaz, who steered it beyond the keeper.
‘Captain America’ returns

The half-time break proved the perfect tonic for the US. In the 49th minute, they were back level from a long throw by McKenzie.
The ball was cleared by Turkiye only as far as Berhalter, who did well to smash his shot low into the bottom corner.
The crowd erupted again just before the hour mark as Mauricio Pochettino sent on Christian Pulisic, undoubtedly the US’s biggest star, who will shoulder much of the cohosts’ hopes of a deep run into the knockouts.
Nicknamed “Captain America”, Pulisic earned his own round of “USA” chants, having not appeared since aggravating an injury in the first half of the opening win against Paraguay two weeks ago.
Pulisic immediately looked lively, twice having his effort blocked from close range after darting runs from the left. He knew less about a ball that looped off his shin onto the post.
Turkiye began to knock on the door again. A Yildiz effort curled inches wide in the 72nd minute.
And deep into stoppage time, Ayhan spoiled the US party, slamming the ball home from close range.
Turkiye were jubilant, while the American players clustered in a circle after the final whistle, seemingly determined not to let the gut punch spoil a campaign that had been off to a flying start.

[Aljazeera]
News
UNICEF Delegation Meets Prime Minister
A delegation from UNICEF, accompanied by the United Nations Special Representative of the Secretary-General on Violence Against Children (VAC), Dr. Najat Maalla M’jid, met with Prime Minister Dr. Harini Amarasuriya on Thursday [25 June] at the Parliament premises.
The discussion was focused on further strengthening cooperation and engagement with the Government of Sri Lanka on ensuring the protection and well-being of children, and efforts to prevent and respond to all forms of violence against children.
During the meeting, the Prime Minister acknowledged UNICEF’s continued support to Sri Lanka, particularly during the response to Cyclone Ditwah, as well as its longstanding contributions to reforms in education and early childhood education and initiatives aimed at preventing and addressing violence against children.
The Prime Minister noted that while Sri Lanka has made significant progress in developing policies, the challenge lies in ensuring their effective implementation. She emphasized the need to address gaps in institutional capacity and human resources, while strengthening coordination among the various parts responsible for child protection while highlighting the critical role of frontline workers in the delivery of child protection services.
During the discussion, representatives of UNICEF emphasized the importance of bringing together all relevant stakeholders to address gaps in child protection procedures and referral pathways. Particular attention was given to ensuring that children have clear and accessible mechanisms through which they can report abuse and seek assistance.
Dr. Najat Maalla M’jid highlighted the importance of strengthening the competencies of frontline professionals on psycho social support, early detection, defining direct signs, techniques of effective listening, and safeguarding privacy. The discussions also underscored the growing importance of protecting children from online violence and abuse, and the need to strengthen measures to ensure children’s safety in digital environments.
The meeting was attended by Dr. Najat Maalla M’jid, United Nations Special Representative of the Secretary-General on Violence Against Children; Ms. Emma Brigham, UNICEF Representative; Mr. Marc-André Franche, United Nations Resident Coordinator; officials from the Ministry of Foreign Affairs; and additional secretaries and officials from the Ministry of Education.
[Prime Minister’s Media Division]
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