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Sri Lanka by Waez Asif Sattar is a document available to read on EtoBox.

What is Sri Lanka about?

Sri Lanka defaulted on its debt in May 2022 due to decades of unsustainable borrowing and mismanaged infrastructure projects. A prolonged civil war from 1983-2009 and post-war rebuilding drove up debt. From 2010-2019, the Rajapaksa government pursued costly white elephant projects, doubling external debt. Tourism and tax revenue declines from the 2019 Easter bombings and COVID-19 exacerbated the crisis. Skyrocketing inflation, shortages of food, fuel and medicine have plunged the country into an unprecedent

Author

Waez Asif Sattar

Language

EN