Sri Lanka's de Silva on Economic Crisis

The transcript discusses Sri Lanka's economic and political crisis, focusing on the challenges in securing an IMF bailout due to debt restructuring issues. It highlights the political turmoil, with the opposition seeking to form a national unity government. The economic situation is dire, with hyperinflation and fiscal deficits, necessitating urgent reforms. The opposition is also critical of the President's constitutional amendments, seeking a return to previous democratic norms.

What is the main obstacle for Sri Lanka in securing an IMF bailout?

• Insufficient economic reforms

• Issues with debt restructuring with creditors

• Lack of agreement on a staff level agreement

• Political instability

What is the opposition's strategy to address the political crisis in Sri Lanka?

• Forming a coalition with the current government

• Seeking international intervention

• Uniting opposition parties to form a national government

• Organizing mass protests

What economic issue is Sri Lanka currently facing?

• Deflation

• Hyperinflation

• Trade surplus

• Stable currency

What fiscal measures are suggested to address Sri Lanka's economic crisis?

• Reducing taxes

• Increasing subsidies

• Fiscal consolidation and increasing taxes

• Expanding government spending

What constitutional change did the President promise but fail to deliver?

• Increasing presidential powers

• Introducing a new constitution

• Returning to the 19th amendment

• Abolishing the Prime Minister's position

What power does the President currently hold that the opposition wants to change?

• Appointing the Chief Justice

• Sacking the Prime Minister at will

• Dissolving Parliament

• Controlling the military

Why is the opposition disappointed with the proposed constitutional reforms?

• They increase presidential powers

• They do not align with the promised changes

• They were not discussed in Parliament

• They were rejected by the public