Tax & Spend
Sri Lanka President Says Upending IMF Deal is Major Threat
- Wickremesinghe, who helped negotiate loan, is contesting vote
- Austerity measures, rising costs have made him unpopular
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Sri Lanka’s president said reopening talks with the International Monetary Fund over a bailout program would represent the biggest threat to the island nation’s economy, hitting back at his opponents who have pledged fresh dialogue with the lender.
Speaking from his Colombo office on the eve of a closely contested election, Ranil Wickremesinghe said Friday “the greatest threat is to try and renegotiate the deal.”