Sri Lanka Central Bank Governor on Debt Restructuring

The transcript discusses Sri Lanka's debt restructuring efforts, focusing on international and local challenges. It highlights the role of China and the IMF in providing financial assurances and the need for local debt optimization. The discussion also covers the implementation of difficult economic reforms, public response, and the economic outlook, including inflation control and growth projections.

What is the main challenge in getting China on board with Sri Lanka's debt restructuring?

• China's lack of interest in international collaborations

• China's slow response compared to other creditors

• China's demand for higher interest rates

• China's refusal to negotiate with the IMF

What approach is Sri Lanka taking to manage its local debt?

• Increasing foreign investments

• Issuing new bonds

• Voluntary local debt restructuring

• Reducing interest rates

Which of the following reforms has Sri Lanka implemented to address its economic challenges?

• Reducing taxes

• Increasing fiscal expenditure

• Expanding public sector employment

• Adjusting electricity prices

How has the public in Sri Lanka responded to the economic reforms?

• Widespread support

• Indifference

• Complete opposition

• Mixed reactions with some opposition

What is the expected inflation rate in Sri Lanka by the end of the year?

• Hyperinflation

• Single-digit inflation

• Double-digit inflation

• No change in inflation

What is the projected economic growth for Sri Lanka next year?

• Continued contraction

• Stagnation

• Positive growth

• Negative growth

What was the economic contraction percentage for Sri Lanka in 2022?

• 5.5%

• 7.8%

• 3.7%

• 10.2%