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 […]
IMF staff tentatively approved the bailout in September, but the final green light was delayed until the island’s largest bilateral lender agreed to restructure its debts to Colombo. Beijing had said this year it was offering Sri Lanka a two-year moratorium on its debt, but the concession fell short on IMF expectations for the sustainability […]
