Renegotiating the IMF agreement is imperative for Sri Lanka’s economic recovery and future stability. The current conditionalities are not aligned with best practices and pose significant risks to the country’s fiscal health and social well-being. A restructured agreement that includes substantial debt reduction, realistic fiscal targets, and respect for Sri Lanka’s sovereignty over its economic policies will provide a foundation for sustainable growth. By pursuing these changes, Sri Lanka can ensure a more equitable and prosperous future for its people and set a precedent for fairer global economic practices.
