The Sri Lankan economy appears to exist in a system that can evolve only through crisis. Optimistic policymakers, predicting that the country’s economic trajectory would self-correct, received a collective wake-up call in February with a sovereign rating downgrade by Fitch, even as the country made a formal approach to the IMFfor a bailout package.
http://www.eastasiaforum.org/2016/03/15/breaking-sri-lankas-economic-gridlock/
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