"Everyone Else Was Pro IMF": Ali Sabry Reveals The Untold Story of Sri Lanka's Default

In this candid interview, former Minister Ali Sabry details his high-pressure roles during Sri Lanka's compounding crises (Post-Easter Sunday, COVID-19, and economic crisis). Sabry opens up about the most volatile period in modern Sri Lankan history, detailing the secret negotiations and high-stakes decisions that saved the country from complete collapse. Sabry reveals the desperate financial situation on April 12, 2022, when Sri Lanka's foreign reserves stood at just $21 million, forcing the controversial Sri Lanka default declaration. He explains how this strategic move was the foundation for securing international aid to Sri Lanka and ultimately saved the country nearly $17 billion in future payments. He recounts leading the IMF Sri Lanka negotiations and crediting Dr. Nandalal Weerasinghe for stabilizing the Central Bank. Sabry detailed that International aid to Sri Lanka, including $3.9 billion from India, bridged the funding gap. #SriLanka #Parliament #RebuildingSriLanka #disastermanagement Check out the Insight News socials and give them a follow—you don’t want to miss all the latest updates and insights: Instagram:   / insight.news.lk   Facebook: https://www.facebook.com/profile.php?... LinkedIn:   / posts   TikTok: https://www.tiktok.com/@insight.news.... X: https://x.com/InsightNews_SL