Sri Lanka is not undergoing any real economic reforms at present, but is instead merely following the conditions set out by the International Monetary Fund (IMF), according to Professor Priyanga Dunusinghe of the University of Colombo’s Department of Economics.
Speaking during a recent televised discussion, Prof. Dunusinghe stated that what is currently being implemented falls short of the essential structural reforms required to place the country on a path to sustainable recovery.
“What we are seeing now is not reform, but compliance with IMF agreements,” he said, warning that the current trajectory affects a wide range of sectors, including public administration, education, public transport, the land market, industry, and the labour market.
Prof. Dunusinghe stressed that without comprehensive reforms, expectations of long-term, sustainable economic growth are unrealistic.
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