IMF urges Sri Lanka to raise taxes, devalue currency
COLOMBO: The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was ‘unsustainable’, and called for devaluation and higher taxes to revive the almost bankrupt economy. The pandemic pushed the South Asian Island’s tourism sector, a key foreign-exchange earner, off a cliff, and the government in March 2020 imposed a broad … Read more
