The bankrupt nation faces a tricky street forward.
Years of financial mismanagement and the results of the pandemic have pushed Sri Lanka into its worst monetary disaster since 1948. The dire scenario triggered months of protests, forcing President Mahinda Rajapaksa to flee the nation final July. On Tuesday, Sri Lankans woke as much as some hopeful information – an almost $3bn bailout from the Worldwide Financial Fund (IMF).
However the bankrupt nation is predicted to face powerful modifications within the subsequent 4 years. Will Sri Lanka be capable of wind again widespread shortages and a hovering value of dwelling?
Presenter: Nick Clark
Friends:
Eran Wickramaratne, member of Sri Lanka’s parliament and former state minister of finance
Ganeshan Vignaraja, coverage adviser and senior analysis affiliate for the Abroad Improvement Institute, Colombo.
Ahilan Kadeelgama, political economist and chairman of the Northern Cooperative Improvement Financial institution, Jaffna
