Sri Lankan President: Country’s economy is expected to grow again from end 2023 by Radio Islam International published on 2023-02-21T07:42:20Z The Indian Ocean island has struggled with its worst economic crisis since its independence from Britain in 1948, which saw Sri Lanka default on loans and sought a $2.9 billion bailout from the International Monetary Fund (IMF). Posan Jasinge, journalist and writer and PhD candidate in political science at the University College in London, says that situations making living standards in the country unbearable have certainly improved, like fuel and electricity supply.