After China, India aid, is IMF help Sri Lanka’s best hope as Rajapaksa battles worst economic crisis since independence?

By Penny MacRae

As anger in Sri Lanka mounts over massive food and fuel shortages, the government is hoping to negotiate a financial lifeline from the International Monetary Fund to end the country’s spiralling economic crisis. Finance Minister Basil Rajapaksa will head to Washington this month to discuss bailout terms for the island nation of 22 million that is saddled with huge debts, a junk credit rating and depleted foreign exchange reserves. Gotabaya Rajapaksa, Sri Lanka’s strongman populist president and…

Source: After China, India aid, is IMF help Sri Lanka’s best hope as Rajapaksa battles worst economic crisis since independence?