Going against the advice of the International Monetary Fund (IMF) has not prevented Sri Lanka from growing consistently at a high speed and at the same time bringing down the country's debt-to-gross domestic product (GDP) ratio and fiscal deficit.
Investors put their seal of approval on the country’s progress in April when they bought $500m-worth of five-year sovereign debt with a coupon of 5.125%. The deal was eight times oversubscribed.
