We are writing this open letter to you to express our concerns on the International Monetary Fund’s (IMF) approach to the ongoing negotiation of financial assistance to Sri Lanka.

As you have repeatedly noted, the world is currently facing multiple and interlinked crises that are greater, deeper, and potentially more catastrophic than ever before. These crises have left many developing countries facing a surge in energy and food prices, general inflation, higher interest rates and significant economic distress, affecting a large portion of its most vulnerable population. Excessive debt in many developing countries has added to these problems, constraining public spending on crucial sectors such as healthcare, education, and infrastructure, impeding poverty reduction efforts, and hampering socio-economic advancement.

Sri Lanka is one of these countries going through a severe economic crisis. Read full letter via the Daily FT.