The IMF Caution

Sri Lanka’s economy is like a very fragile house of cards. President Ranil Wickremesinghe has carefully rebuilt this house after it nearly collapsed during the 2022 economic crisis, with a little help from the International Monetary Fund (IMF). Now, the economy is somewhat stable—think of it as the cards finally standing upright without wobbling too much.

But here’s the twist: opposition leaders Sajith Premadasa and Anura Kumara Dissanayaka are eyeing the upcoming presidential election on September 21. And they’re promising to revise this IMF agreement if they win, which is a bit like walking into a room with a fan on full blast and hoping the house of cards stays intact.

Chandranaath Amarasekara, a top official from the Central Bank, is basically warning everyone that trying to undo these policies would be like pulling a crucial card from the bottom of the house. The whole thing could come crashing down, taking Sri Lanka’s hard-earned stability with it.

So, while the candidates might be promising shiny new deals, Amarasekara’s message is clear: if you play around with this, you might end up with nothing but a pile of scattered cards and a big mess to clean up.

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