The International Monetary Fund (IMF) on Thursday last began its two-week-long second review of the March 2023 bailout of USD 2.9 billion spanning over four years.
Although Sri Lanka's economy began to stabilise in 2023, living standards are still going backwards after the crisis - and upcoming elections threaten to derail the road to recovery.
Sri Lanka is on the mend from its disastrous crisis last year but absent structural reform, political disgruntlement could yet derail economic stabilisation, writes Ganeshan Wignaraja.
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.