Lanka 'devastated': How Presidential candidate seeks to stem economic gloom
Published on Jul 17, 2022 11:46 PM IST
IMF bailout talks disrupted, a stable political regime is crucial for Sri Lanka. Ballooning import bills, crisis-hit Sri Lanka lacks the funds to repay debt. Foreign exchange reserves declined 70% in 2 years; down to $2.31BN (as of Feb). China's debt-trap bites: Forex crisis = inability to pay for crucial imports.
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