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This book traces Sri Lanka’s engagement with international financial actors from a unique vantage point: as a small country in the global South that previously attempted to achieve self-sufficiency, Sri Lanka's experience exposes the contradictions within the international financial system. The authors reveal the IMF’s shifting attitude towards Sri Lanka, while exposing the barriers that hinder its own free-market vision for growth.
Exploring the intersection of international and national processes, this timely study critiques mainstream development thinking and champions more critical approaches. Essential for scholars and practitioners navigating today's mounting debt crises and the search for genuine alternatives.
Devaka Gunawardena is a Research Fellow at the Social Scientists’ Association in Sri Lanka.
Ahilan Kadirgamar is Senior Lecturer in Sociology at the University of Jaffna.
1. Introduction
2. Historical Context
3. Investors and Creditors
4. The International Financial Institutions
5. The Policy Apparatus
6. Conclusion