Sri Lanka is currently going through the worst economic crisis since its independence and defaulted foreign debt repayment in April 2022. This crisis is the result of a series of policy mishaps that have steadily weakened the economy over the last few decades. Decisions made contrary to the advice of experts in 2020 and 2022 exposed the extent of the damage. Consequently, the country was compelled to default its debt and seek IMF support. While there roots of the crisis constitute long lasting policy and governance issues, certain global ‘experts’ and politicians have offered their own takes on Sri Lanka’s economic crisis. We’ve had a comprehensive look at some of these claims and laid the facts out here.