Sri Lanka’s leftist leader is stuck with IMF deal, facing tough economic decisions amid the country’s ongoing financial crisis and...
Sri Lanka's new leftist leader has little room to renegotiate an IMF bailout that threw a lifeline to his bankrupt country but imposed punishing and unpopular austerity measures, analysts say.
"There are certain red lines that the IMF will not agree to negotiate," Murtaza Jafferjee of the Colombo-based economic think tank Advocata told AFP. Months of food, fuel and medicine shortages that accompanied the 2022 financial crisis and foreign debt default rallied the public behind it. The ironic outcome of the pledge was that the same day as an avowed Marxist assumed the presidency, Colombo's stock exchange rallied by 1.5 percent.
The IMF said Wickremesinghe's administration had made a great deal of progress in repairing the nation's ruined finances after a $46 billion foreign debt default two years ago.
IMF Deal Sri Lanka Economic Crisis Leftist Leadership Sri Lanka Economy Financial Challenges
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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