Research Publications
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Publication Embargo Focus on Middle East and Central Asia: rationale of IMF assistance seeking(Springer Science and Business, 2025-11-08) Wisenthige, K; Pathiranage, H.S.K; Jayathilaka, RThis study delves into the rationale behind the tendency of nations in the Middle East and Central Asia (MECA) to seek aid from the IMF. The IMF supports global financial stability, aiming to foster economic growth and prosperity across its member countries by promoting policies that encourage monetary cooperation and financial resilience. The study employs a conditional fixed-effects logit model, the analysis spans 22 years of data from twenty-five MECA countries to identify the factors driving these nations to seek IMF assistance. It focuses on six determinants: Current Account Balance (CAB), Inflation (INF), Corruption (CORR), General Government Net Lending and Borrowing (GGNLB), General Government Gross Debt (GGGD), and Gross Domestic Product Growth (GDPG). The fixed-effects logit shows that slower GDP growth raises the odds of an IMF programme, while short-run changes in corruption control and public debt ratios are not significant once country and year effects are absorbed. Inflation is weakly positive; the current account balance is still insignificant. A post-GFC and an income-group robustness check confirm the pattern. Furthermore, the study identifies Lebanon, a lower-middle-income country, as a leading example of seeking IMF assistance during the study period. Overall, this research highlights the importance of policymakers understanding the dynamics and rankings within the MECA region to effectively address economic challenges, provide financial support, and foster a more sustainable economic structure.Publication Embargo The Social Vision Reflected Through the Poetry of William Blake(Faculty of Humanities and Sciences - SLIIT, 2021-03-26) Abeywickrama, D.D.The poetry of William Blake is an ideal portrayal of social issues which prevailed during the poetic period of romanticism. The poem “London” has been presented in a way to make the readers aware about the concept of commercialization. London, was not a peaceful city anymore. Corruption has gnawed the innocence of people. Thus, it has made them immoral. Furthermore, Blake’s progressive vision of the 20th century concept on gender equality is promoted in ‘The Sick Rose’, which is a symbolical representation of women’s plight in parasitic relationships. The poem, ‘The Sick Rose’ indicates problems which are parallel to those of our current society where, sensual pleasures are given more prominence over spirituality. Simply, reciprocation of love does not exist anymore due to insatiable sensual desires of mankind. In addition, Blake displays his social vision in presenting children as the victimized entity in “Holy Thursday” and “The Chimney Sweeper”. The pain, torture and agony encountered by children who were brought up under institutional care were not publicly displayed. However, all this was suppressed by religion and the religious leaders, which indeed is ironic and repulsive. “The Chimney Sweeper” is a denunciation of the material conditions and the institutions: the established church, mercenary and the uncaring parents who promoted child labour. Blake’s social vision could have been influenced by the French revolution and industrialization which would have brought out quite a few social problems which are valid in the 21st century as well.
