Posted 2/4/2024, 8:42:00 AM
Sri Lanka's Reforms Show Signs of Progress Despite Public Backlash Against Wickremesinghe
- Sri Lanka has made progress in economic recovery due to public support for difficult reforms under President Wickremesinghe
- The country was bankrupt and in crisis last year, leading to the ouster of the previous president
- Wickremesinghe instituted unpopular economic reforms as part of an IMF bailout
- There have been improvements in availability of essentials and power cuts
- Wickremesinghe is unpopular due to raised utility rates and taxes but plans to contest the next election while the opposition vows to oust him