IMF bailout not a silver bullet for Sri Lanka: Moody’s Analytics

 

Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral and global financial agencies, a senior economist at Moody’s Analytics told Reuters on Tuesday.

“It (the IMF support) is definitely not like the silver bullet they think,” said Katrina Ell, senior economist at Moody’s Analytics.

“We need to keep in mind that it’s still going to be a difficult road no matter how much potential funds or support is being thrown at Sri Lanka,” Ell said.