How IMF stole Sri Lanka! debt expert explains!

Eric Toussaint Interview

2 April 2025 by Eric Toussaint , Balasingham Skanthakumar , Tharindu Uduwaragedera

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In this interview, Eric Toussaint and Balasingham Skanthakumar explains the consequences of the IMF “bailout” of Sri Lanka and the impact of IMF conditionalities on the Sri Lankan economy. He highlights how these conditions often lead to austerity measures that disproportionately affect the most vulnerable populations. Furthermore, Toussaint discusses the long-term implications for the country’s development and sovereignty as it navigates the challenges posed by international financial institutions.




Author
Eric Toussaint

is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the spokesperson of the CADTM International, and sits on the Scientific Council of ATTAC France.
He is the author of World Bank: A Critical History, London, Pluto, 2023, Greece 2015: there was an alternative. London: Resistance Books / IIRE / CADTM, 2020 , Debt System (Haymarket books, Chicago, 2019), Bankocracy (2015); The Life and Crimes of an Exemplary Man (2014); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago, 2012, etc.
See his bibliography: https://en.wikipedia.org/wiki/%C3%89ric_Toussaint
He co-authored World debt figures 2015 with Pierre Gottiniaux, Daniel Munevar and Antonio Sanabria (2015); and with Damien Millet Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, Monthly Review Books, New York, 2010. He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.

Other articles in English by Eric Toussaint (717)

Author
Balasingham Skanthakumar

is a member of CADTM South Asia and works with the Social Scientists’ Association in Colombo.

Other articles in English by Balasingham Skanthakumar (19)

Author
Tharindu Uduwaragedera

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