The International Monetary Fund has cleared the second tranche — of about $337 million — of the Extended Fund Facility to Sri Lanka, based on the debt treatment plan drawn up by the crisis-battered island nation and its bilateral creditors. They are an important milestone putting Sri Lanka’s debt on the path towards sustainability,” a senior official in Washington DC …
Between the war in Ukraine and the Covid-19 pandemic now swirling in China, the world has had little time to worry about the public uprising in Sri Lanka. An already economically challenged Sri Lanka was dealt a fatal blow by the war escalating the price of energy overnight, while Covid-19 engendered lockdowns in China disrupted the global supply chains. Luckily …
