Tagged Sinthuja Sritharan

Sri Lanka’s IMF Agreement Will Not Alter the Trajectory of a Collapsing Economy

Ahilan Kadirgamar, Devaka Gunawardena and Sinthuja Sritharan Without a major course correction in its economic trajectory and a significant “haircut” on its external debt, the country will likely be knocking on the door for another IMF pact. It could face another default in a few years. The International Monetary Fund (IMF) executive board’s approval of loans is…