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Posts tagged as “multilatral”

IMF says Sri Lanka’s experiment was ‘brutal’

By Nisthar Cassim in Daily FT, Mar 22, 2023The International Monetary Fund (IMF) on Monday described Sri Lanka’s recent past strategy as a “brutal experiment” and dismissed the notion that the multilateral donor agency was the force behind tough austerity measures. “We understand the hardships faced by the people. It is due to the crisis and the IMF is there to lesson a bit but the adjustment will be a harsh one,” Breuer said responding…