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Transcripts for BBCNEWS World Business Report 20240604 14:38:00

It s been a year of stagnating life for sri lankans. the government now hopes the recently secured imf loan will put the economy back on track. but anxiety among ordinary sri lankans is still clearly noticeable. translation: poor people stay poor. these people are suffering every day. so, i don t think that the people in the country will benefit because of the imf loan. some things have improved, though. the long queues have disappeared and tourists are returning. the imf loan will also help ease shortages. but austerity has proven to be a tough nut to crack, even for dollar generating export units. the government says it is confident the imf mandated long list of reforms will deliver. translation: because of this ....

Imf Loan , Sri Lanka , International Monetary Fund , Export Units , Ease Shortages ,

Transcripts for BBCNEWS BBC News 20240604 10:47:00

And tourists are returning. the imf loan will also help ease shortages. but austerity has proven to be a tough nut to crack, even for dollar generating export units. translation: after paying the workers salaries, - electricity bills, fuel, taxes, our margins have shrunk and we are not able to compete with other countries. the government says it is confident the imf mandated long list of reforms will deliver. translation: because of this agreement, financial discipline in our country will become legislated. stringent new laws for the prevention of corruption will be introduced. but economists say the quick fix solutions that the government is promising are bound to fail. sri lanka s crisis begins with a crisis of governance ....

Export Units , International Monetary Fund , Ease Shortages , Uk Government , Sri Lanka ,