The risks of “reform fatigue” could undermine the changes, Srinivasan said, adding that the IMF had consulted a wide range of people in Sri Lanka about the accord, from NGOs to C-suite executives in charge of risk management. series was consulted.
“I think the recognition that these are difficult times requires reforms,” he said. “The question is how do you divide the burden?”
“Significant measures must be taken on the fiscal side to restore debt sustainability,” he said. “Debt is a massive issue here.”