CPA: Sri Lanka's IMF Aid Restores Access To Finance, Credibility

The video discusses Sri Lanka's severe economic crisis, marked by foreign exchange shortages, high inflation, and lack of essentials. Public protests and political instability are rising, with calls for government change. The government is hesitant to seek IMF assistance, despite the need for debt restructuring. International aid from China and India is limited. The crisis has worsened inequality, and tourism recovery is hampered by global events.

What is one of the main reasons for the public's dissatisfaction with the government in Sri Lanka?

• Stable inflation rates

• High employment rates

• Acute foreign exchange shortage

• Lack of foreign investments

What is a significant political challenge mentioned in the context of the Sri Lankan crisis?

• Overwhelming public support for the government

• Lack of international support

• Strong economic growth

• Inability to hold a presidential election immediately

What is the government's stance on seeking help from the International Monetary Fund?

• Already in a deal with the IMF

• Reluctant to approach the IMF

• Eager to engage with the IMF

• Unaware of the IMF's existence

Which two countries have provided ad hoc assistance to Sri Lanka during the crisis?

• Australia and New Zealand

• United States and Russia

• China and India

• Japan and South Korea

How has the crisis affected inequality in Sri Lanka?

• Eliminated gender inequality

• Increased inequality

• No impact on inequality

• Decreased inequality

What was the government's expectation regarding tourism after COVID-19?

• Tourism would improve and help the economy

• Tourism would have no impact

• Tourism would stabilize

• Tourism would decline further

What external factor has further complicated the tourism recovery in Sri Lanka?

• War in Ukraine

• Rise in global oil prices

• Political stability

• Increase in local tourism