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Please Help Stop the Source of Genocide Funding

September 19, 2009

care2: the petitionsite

Target: Gap Inc., Victoria’s Secret, Abercrombie and Fitch Co.

Sri Lankan government possesses neither the capital nor the expertise to fully exploit its resources. Instead, they are highly reliant on foreign direct investment to fund its military and facilitate the conflict in Sri Lanka. As of 2006 Sri Lanka’s exports were worth $7.076 billion. Its main trading partners are United States, United Kingdom, India, Germany, Singapore, Malaysia, Japan and China. Global trade of Sri Lankan goods and services directly and indirectly funds expenditures on its army, navy, and air force. Government spending on military accounts for about 5% of the country’s gross domestic product (GDP) compared with about 3% in India and Pakistan. According to recent estimates, the Defense ministry spending is expected to rise from $1.48 billion in 2008 to $1.66 billion in 2009. Disproportionate military spending has led to an unsustainable ballooning of Sri Lankan budget deficit to 7.2%.

One Comment leave one →
  1. geerthika permalink
    September 25, 2009 11:08 am


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