Fernando: Sri Lanka Not At Bottom Of Cycle Yet

The transcript discusses Sri Lanka's economic challenges, including fiscal consolidation, tourism impact, and essential commodity constraints. It explores the potential benefits of an IMF package, such as opening doors to bilateral funding and easing fiscal constraints. The Central Bank's corrective measures are highlighted, along with the currency's depreciation. Political responsibility for the crisis is debated, emphasizing long-standing policy failures. Future measures, including austerity and revenue generation, are considered essential, with a focus on maintaining social safety nets amid high inflation.

What is the expected impact of the Central Bank's policy measures on the currency?

What immediate measures does the speaker suggest for Sri Lanka's economic situation?

How does the speaker view the need for a social safety net in the context of economic reforms?