In addition to its involvement with Sri Lanka, the international monetary fund has some predictions for the global economy in 2023.
This is because the countries that typically drive growth the United States, Europe, and China are all experiencing weakening activity. These weak economies are being blamed on the war in Ukraine, rising interest rates, and prices, as well as COVID cases in China, which have also slowed down production.
The IMF also said high interest rates and the depleting dollar are devastating for many countries, such as Chad, Ethiopia, Zambia, Ghana, Lebanon, and sir Lanka and they plan to solve the debt problem in all of those countries.
