Sri Lanka will need to emerge from its current state of chaos before the International Monetary Fund can step in with a bailout, according to a professor from Johns Hopkins University.
“The IMF cannot… interact with the government when things are in a continuing crisis mode. So until the government stabilizes, until they have a minister of finance, there’s no one for the IMF to talk with,” Deborah Brautigam told CNBC’s “Squawk Box Asia” on Friday.
Sri Lanka has been wracked by months of protests and is suffering its worst economic crisis since independence.
Ordinary people are struggling to buy essentials such as food, medicine and fuel, setting off raging protests against the…