Sri Lanka's Economy In Collapse

Dr. Chulanee Attanayake, Research Fellow, Institute of South Asian Studies (ISAS), National University of Singapore

23-Jun-22 07:37

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The Sri Lankan economy continues to freefall, with headline inflation spiked 45% in May compared to the year before, the highest level since 2015 due to rising food and transport costs. The government is negotiating with the International Monetary Fund (IMF) and bilateral partners for financial assistance, with an IMF deal expected for the end of the month. How is the fall out affecting the lives of Sri Lankans on the ground? Research Fellow Dr. Chulanee Attanayeke of NUS gives us an update on the situation.

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Khoo Hsu Chuang, Wong Shou Ning

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Categories: politics, government, international, corruption

Tags: Sri Lankan economy, Sri Lanka crisis, Sri Lankan politics, imf, government bailout,

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