Dilini Madushanki, in Ceylon Today, 17 July 2022, with this title “Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space — IMF,”
Claiming Sri Lanka is a ‘warning sign’ for countries with high debt levels, IMF Chief Kristalina Georgieva warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted.
Georgieva, speaking at a G20 finance officials meeting in Indonesia, said “I wish the global economic outlook was as bright as the sky in Bali, but unfortunately, it is not. The outlook has darkened significantly, and uncertainty is exceptionally high. Downside risks about which the IMF had previously warned have now materialized.”
