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Sri Lanka is in the midst of a decades-long The Mahinda Rajapaksa administration is struggling to pay for imports following a 70% loss in foreign exchange reserves in two years. Concerns over the government's capacity to pay $4 billion worth of foreign obligations this year, including a $1 billion international sovereign bond due in July, have prompted demonstrations.

The IMF has said it would assist. The Sri Lankan government is set to begin negotiations in April, but the IMF has warned. 'Solvency' dangers from unsustainable debt levels are cited in a study issued Friday.The IMF gave Sri Lanka $787 million in pandemic aid in August.

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