Sri Lanka Business Groups Want President Gone as Crisis Worsens
- IMF bailout likely to be delayed due to political uncertainty
- Inflation expected to soar to 46%: Bloomberg Intelligence
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Vish Govindasamy, the head of Sri Lanka’s oldest business lobby, recalls about a dozen frustrating meetings with the central bank, finance ministry and even President Gotabaya Rajapaksa last year, urging them to go to the International Monetary Fund as the nation careened toward its worst economic disaster.
His calls to seek a bailout and implement reforms “fell on deaf ears,” the 58-year-old chairman of the Ceylon Chamber of Commerce said in an interview. It was like “talking to a rock.”