The Perimeter Watch: Sri Lanka & Maldives | Volume 1 | No 5
The Perimeter Watch: Sri Lanka & Maldives tracks intensified regional developments amid rising seismic risks and strategic realignments. Sri Lanka remains on alert after a deadly Myanmar earthquake, while Maldives braces for torrential rains driven by a Bay of Bengal low-pressure system. Diplomatically, Sri Lanka prepares military and medical aid for Myanmar and strengthens ties with India through a proposed Security Cooperation Agreement. Engagements with Japan, France, and Thailand reflect Colombo’s push for strategic and cultural diplomacy, despite tensions from a 44% US tariff and rights concerns under the PTA. The Maldives, meanwhile, deepens ties with Saudi Arabia and Malta, and secures a $17 million loan from the Saudi Fund for Development for airport expansion. Internal security remains a priority, with Sri Lanka intercepting its largest-ever narcotics haul and Maldives enforcing immigration raids and backing a ban on Israeli passport holders. Economically, Sri Lanka crosses USD 1.1 billion in Q1 tourism revenue, while Maldives posts 5.1% GDP growth in 2024, supported by tourism, transport, and rising tax collections.
