Sri Lanka’s inevitable loan default will buy time, but not fuel or food

April 13, 2022 6:10 PM

COLOMBO – Even through a three-decade long civil war and several crises, Sri Lanka paid its debts. But on April 12, the South Asian country announced it would halt payments on its foreign loans, saying they had become “challenging and impossible” to repay.

Source : https://www.straitstimes.com/business/economy/sri-lankas-inevitable-loan-default-will-buy-time-but-not-fuel-or-food

spot_img

Latest Articles