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Frank Jurgen-Richter

Macroscope | Sri Lanka may be turning a corner but difficult reforms lie ahead

The government must pursue economic reforms and tighten purse strings at a time when lives are already difficult. Yet reforms are necessary to restore – and restore confidence in – the economy.

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Unilateralism, fragmented regulatory bodies, a depleted arsenal of tools at the disposal of central banks and increasingly complex financial markets will make it harder to deal with the next crisis. A multilateral effort, both from governments and the private sector, is our best hope

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Global Financial Crisis of 2007-2008Sri Lanka