"The upcoming presidential election is a crucial referendum on the austerity measures following the IMF's guidance, reflecting the deep economic struggles faced by Sri Lankans."
"Despite securing a $2.9bn IMF loan, Wickremesinghe's tenure has been marred by a spiraling cost-of-living crisis, with inflation hitting an alarming rate of 74% in 2022."
"Both Dissanayake and Premadasa are advocating for a new agreement with the IMF, symbolizing a shift towards alternative economic strategies to alleviate the financial distress."
"Following heavy borrowing for infrastructure growth post-civil war, a combination of unfunded tax cuts and the pandemic's impact led to a severe balance of payments crisis for Sri Lanka."
Collection
[
|
...
]