Insight - Sri Lanka’s reluctance to tap IMF pushes it into economic abyss


President Gotabaya Rajapaksa’s (pic) government has come under growing pressure for its mishandling of the economy, and the country has suspended foreign debt payments in an effort to preserve its paltry foreign exchange reserves.

SRI Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests, as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines.

President Gotabaya Rajapaksa’s government has come under growing pressure for its mishandling of the economy, and the country has suspended foreign debt payments in an effort to preserve its paltry foreign exchange reserves.

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Gotabaya Rajapaksa , Sri Lanka , IMF , economy , Insight ,

   

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