Sri Lanka's macroeconomic indicators are stabilising. The IMF is satisfied. And yet, the middle class is pawning jewellery, defaulting on leases, and leaving.
This episode interrogates that contradiction.
Ravi Karunanayake: former Cabinet Minister of Finance, Foreign Affairs, Trade, and Energy, and a 26-year veteran of Sri Lanka's political architecture, joins us for a conversation.
We examine why 76 consecutive years of deficit spending were never treated as a crisis, what it means to distri