Posted 3/25/2024, 11:00:16 AM
Sri Lankans Struggle to Afford Basics Despite Early Economic Recovery Signs Amid Harsh IMF Austerity
- Sri Lankans like Jeewani Bandara are struggling to afford basic necessities despite early signs of economic recovery.
- The IMF bailout program has imposed harsh austerity measures, leading to high taxes and reduced government benefits.
- Social safety nets like the Aswesuma program have excluded many vulnerable Sri Lankans facing food insecurity.
- Prices of essentials remain very high while wages stay stagnant, burdening ordinary citizens.
- Uncertainty around upcoming elections poses risks of squandering recent fiscal gains through politically-motivated overspending promises.