Five-Day Bank Holiday to Cleaning Up Debt: How Sri Lanka Is Steadying Its Economy After IMF Bailout

Contributing sentiments towards policy:

51% : The IMF wanted to see the headline gauge back to within target band of 4%-6% by early 2025.To secure the IMF's approval, Sri Lanka implemented difficult measures including increasing taxes, cutting energy subsidies, returning to a more flexible exchange rate regime and of course, jacking up the policy rate to the most since 2001 to keep a lid on inflation.

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