Comments by Fukunari Kimura,  on  The Sovereign Debt Crisis in Sri Lanka: Anatomy and Policy Options.

This article by Fukunari Kimura discusses Sri Lanka's sovereign debt crisis during the COVID-19 period. The paper highlights the chronic twin debt problem and the relative shrinkage of the tradable sector as key factors contributing to the crisis. It also examines the government fiscal balance, the structure of public external debt, and the anti-trade biases in policies. The author argues that regaining policy discipline and removing anti-trade policies are necessary for resolving the crisis. The paper emphasizes that the crisis was not solely caused by COVID-19 but was a result of long-term mismanagement of public external debt. [Extracted from the article]