Devaka Gunawardena is a political economist with a PhD from the University of California, Los Angeles.

March 1, 2023

Analysis

The IMF Trap

Debt, austerity, and inequality in Sri Lanka’s historic crisis

, Niyanthini Kadirgamar, Ahilan Kadirgamar

Massive demonstrations that swept Sri Lanka last year exposed the serious challenges at the heart of the global economy. In July 2022, former President Gotabaya Rajapaksa was forced to flee the country, only a few months after announcing a hasty…