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De Omnibus Dubitandum - Lux Veritas

Thursday, October 12, 2023

Sri Lanka

By Rich Kozlovich

I received the latest notice from RANE Worldview this morning, which is part of Statfor geopolitical news site, regarding Sri Lanka, and the economic mess they've gotten themselves into.  The IMF has:

........... failed to reach a staff-level agreement with Sri Lanka following a first review for the country's $2.9 billion Extended Fund Facility, delaying the release of a second tranche of approximately $330 million. An IMF mission team visited Sri Lanka from Sept. 14-27 and found that while the South Asian country's economy continues to gradually improve and stabilize, there remains ''continued uncertainty'' amid ''subdued'' economic growth and reform momentum....

This shouldn't be a surprise to anyone who has been paying attention to the foolish policies their leaders have implemented in that nation embracing all the folly of green agriculture and energy production:

Then there's their failed economic thinking.  

The IMF has outlined the things they're wanting fixed before they bail out Sri Lanka.  Fix their massive levels of corruption, and install diagnostic systems to identify the same.  Create a system of "checks and balances in governance institutions", fix their "disorganized regulatory infrastructures that oversee public resources, and insufficient transparency and fiscal discipline that impacts macroeconomic stability." 

Sri Lanka owes a lot of money to the IMF and China, and they're going to have to take more money from Sri Lankans in order to bring their house into fiscal order, and there will be kickback, massive kick back, and the Sri Lankan government may not survive. 

Do we really expect to see the very people that made incredibly stupid decisions regarding agriculture and energy, based on the greatest fraud to ever be imposed on humanity, the Global Warming scam, to be able to fix anything? 

I don't.  

 

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