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Apr 17, 2022 · Sri Lanka is in the midst of its worst economic crisis in history. The country imports around 85% of its medical supplies. But with foreign currency reserves running low, essential drugs are now ...
Apr 11, 2022 · 11 Apr 2022. Colombo, Sri Lanka – Doctors in Sri Lanka have warned that a catastrophic number of people could die as the crisis-hit country’s healthcare system teeters on the edge of collapse ...
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Mar 5, 2022 · A number of analyses indicate that Sri Lanka is on the verge of a sovereign debt default as the country’s usable foreign currency reserves plunged below $1 billion. ... this is a dangerous game ...
Apr 6, 2022 · The country, which was once called the “sone ki Lanka” or the “Lanka made of gold”, is standing on the verge of falling to anarchy. SRI LANKA'S MISTAKES. President Rajapaksa reduced taxes from 15 per cent to eight per cent after the government was formed in November 2019. Due to this, the country lost Rs 60 thousand crore in annual revenue.
- Aishwarya Paliwal
- News Analysis
May 12, 2022 · Sri Lanka is on the verge of bankruptcy after suspending payment of $7bn of foreign loans it was due to pay this year out of a $25bn due by 2026. Sri Lanka’s total foreign debt stands at $51bn.
Apr 4, 2022 · Samrat Sharma. New Delhi, UPDATED: Apr 4, 2022 23:17 IST. The 81-billion-dollar Sri Lankan economy is on the verge of collapse. The country is set to default on its debts now that it has to repay more than three times the amount it holds as foreign reserves. From debt trap to inflation, many things contributed to the ongoing crisis.
“Sri Lanka pins last hopes on IMF,” said a recent headline in the Colombo Times newspaper. The government is in negotiations with the IMF on a bailout plan and Wickremesinghe said June 22 that ...
