Sri Lanka is a warning sign : IMF Chief

Sri Lanka is a warning sign : IMF Chief

Sri Lanka is a warning sign : IMF Chief

Written by Zulfick Farzan

17 Jul, 2022 | 5:52 pm

COLOMBO (News 1st); IMF Managing Director Kristalina Georgieva said that countries with high debt levels and limited policy space will face additional strains.

“Look no further than Sri Lanka as a warning sign,” she said at the hybrid meeting of the G20 Finance Ministers and Central Bank Governors.

She said that emerging and developing countries have also been experiencing sustained capital outflows for four months in a row. They now suffer the risk of reversing three decades of catching up with advanced economies and instead falling further behind.

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