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Can the IMF bailout help Sri Lanka exit its economic crisis?


By: Within story

The bankrupt country faces a difficult road.

Years of economic mismanagement and the effects of the pandemic have pushed Sri Lanka into its worst financial crisis since 1948. The dire situation led to months of protests, forcing President Mahinda Rajapaksa to flee the country last July. On Tuesday, Sri Lankans woke up to hopeful news: a rescue package worth nearly $3 billion from the International Monetary Fund (IMF).

But the bankrupt nation is expected to face sweeping changes over the next four years. Will Sri Lanka be able to reverse widespread shortages and rising cost of living?

Presenter: Nick Clark


Eran Wickramaratne, Member of Parliament of Sri Lanka and former Finance Minister

Ganeshan Vignaraja, Policy Advisor and Senior Research Associate for the Overseas Development Institute, Colombo.

Ahilan Kadeelgama, Political Economist and Chairman of the Northern Cooperative Development Bank, Jaffna

Merry C. Vega is a highly respected and accomplished news author. She began her career as a journalist, covering local news for a small-town newspaper. She quickly gained a reputation for her thorough reporting and ability to uncover the truth.

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