Tag
Sri Lanka IMF bailout
Sri Lanka’s Many IMF Programs: What’s Changed and What Hasn’t
By Tharindu Udayanga Kamburawala
Comparing the similarities and differences in Sri Lanka’s five latest agreements with the IMF highlights the country’s economic trajectory since 2001.
Sri Lanka Reaches Debt Restructuring Deal With Bilateral Creditors, Including China and India
By Bharatha Mallawarachi
The deal is expected to reopen the doors to bilateral transactions and the resumption of foreign projects that stalled when the island nation defaulted.
How Is Sri Lanka Navigating Its IMF Bailout Program?
By Tharindu Udayanga Kamburawala
Examining Sri Lanka’s approach to fiscal targets and SOE reforms amid continued economic turbulence.
Is Transformation Possible in Sri Lanka?
By Bhavani Fonseka
One year after the protests that ousted Sri Lanka’s president and government, reforms remain elusive and the national crisis is far from over.
IMF’s Package to Sri Lanka Includes Corruption Fixing
By Rathindra Kuruwita
But is the governance diagnostic exercise just another tool to legitimize its austerity measures?
What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka?
By Michael Iveson
The IMF’s $2.9 billion EFF program lays out major structural reforms required to restore long-term macroeconomic stability in Sri Lanka.
IMF to Assess Sri Lankan Governance as Part of $3 Billion Bailout
By Krishan Francis
The country has the dubious distinction of being the first Asian country to face scrutiny for corruption as part of a bailout program.
Sri Lankan State Workers Strike, Protesting High Taxes
By Krishan Francis
The government says it was compelled to raise taxes to strengthen state revenue, a key prerequisite to unlocking the $2.9 billion IMF package.
In Sri Lanka, Opposition Parties Allege a Secret CIA Visit
By Uditha Devapriya
Sri Lanka hosted two high-level delegations from the U.S. in February – including one that opposition parties say was cover for a secret mission by the head of the CIA.
China Expresses Support for Sri Lanka Ahead of Debt Meeting
By Joe McDonald and Bharatha Mallawarachi
Beijing is resisting cuts to Sri Lanka's debts for fear other borrowers will want similar relief.
Sri Lankan Leader Appeals for Patience Amid Economic Crisis
By Krishan Francis
Government doctors, university teachers, and other workers from ports and the power and petroleum sectors are calling on the government to lower income taxes.
To Please the IMF, Sri Lanka is Cutting Troop Numbers
By Rathindra Kuruwita
Instead, it should retrain its soldiers and redeploy them in policing, peacekeeping, and disaster rescue and relief roles.
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