Sri Lanka, July 6 -- Sri Lanka is once again approaching a consequential economic debate. As the present programme with the International Monetary Fund moves towards its concluding stages, the country will inevitably have to confront a difficult question: should Sri Lanka seek a further arrangement with the IMF? There will be strong views on both sides. Some will argue that continued IMF engagement is necessary to preserve discipline, maintain international confidence, rebuild reserves and provide an external anchor as Sri Lanka gradually returns to international capital markets and resumes significant debt servicing. Others will argue that, after years of painful adjustment, Sri Lanka must regain greater policy autonomy and avoid becomi...