In Sri Lanka, the crisis is not over, yet
2 years, 5 months ago

In Sri Lanka, the crisis is not over, yet

Hindustan Times  

Sri Lankan parliamentarians have placed the onerous task of pulling their country out of its worst economic crisis and restoring order and stability squarely on the shoulders of Ranil Wickremesinghe, who was elected the new president more because of the support he enjoys from former President Gotabaya Rajapaksa’s party than his economic credentials and his role in past economic reforms. Still, any further political instability at this stage will not bode well for Sri Lanka’s efforts to negotiate a bailout package from the International Monetary Fund. Sri Lanka occupies a crucial place in India’s Neighbourhood First policy, reflected in the economic assistance of $3.8 billion provided by New Delhi since the start of the year. Despite a desire to see a speedy turnaround in the situation in Sri Lanka, India could be hard pressed to do more to help the island nation under the prevailing circumstances.

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