OPINION

New IMF debt deal needs a rejig

Oped, C P Chandrasekhar & Martín Guzmán & Jayati Ghosh & Charles Abugre, Published on 03/10/2024

» Ranil Wickremesinghe, Sri Lanka's president, recently lost his re-election bid after voters overwhelmingly rejected the debt-restructuring deals he negotiated with the International Monetary Fund (IMF) and other creditors. Instead, Sri Lankans elected Anura Kumara Dissanayake, leader of the left-wing National People's Power (NPP) alliance and a vocal critic of IMF-imposed austerity measures, who has vowed to renegotiate the country's agreement with the fund.