Financial reform uncertain as Sri Lanka enters populist election cycle - Fitch Ratings
Reform policy implementation in Sri Lanka looks to “become slower and more challenging,” as “pressure for more populist policies” may rise as Sri Lanka enters an election cycle, said Fitch Ratings today.
“Recent political developments in Sri Lanka have created some uncertainty over reform momentum and fiscal consolidation, and prolonged upheaval could undermine investor confidence ahead of large external debt maturities in 2019-22,” said the agency in a statement released from Hong Kong.
Parliament was effectively suspended until 8 May upon resignation of coalition minsters,” it said.


