Tag: Opinion: Avoiding IMF won’t help us avoid austerity

Naqiya Shiraz and Rehana Thowfeek Sri Lanka’s debt problems are  a topic of national conversation. Foreign reserves, already low at USD 4bn in May 2021 fell to USD 2.8bn after the most recent bond repayment of USD 1bn in July 2021 . The Government claims that the timely repayment of the bond is proof that doomsayers […]