Politics And Oil Hurt Economy

Sri Lankan President Mahinda Rajapakse's government is taking its first step towards crafting a power-sharing plan aimed to arrive at a "home grown," political solution to Sri Lanka's ethnic conflict. On 10 July, Rajapakse invited a representative of each political party taking part in the All-Party Conference to examine devolution proposals for resolving the ethnic conflict for an inaugural meeting. However, in a move that is likely to hurt the President's consensus-reaching efforts, the main opposition United National Party (UNP) has decided to boycott the meeting. Efforts to hammer out an agreement among all the major Southern parties come in

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