High Inflation, Low Foreign Reserves, Rising Debt- Why Is Sri Lanka On The Verge Of Bankruptcy?

Sri Lanka is in the midst of a severe economic crisis, the country’s worst financial crisis since it gained independence in 1948. The crisis started in 2021 when the Sri Lankan government declared an economic emergency after the country faced…

High Inflation, Low Foreign Reserves, Rising Debt- Why Is Sri Lanka On The Verge Of Bankruptcy?

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Sri Lanka is in the midst of a severe economic crisis, the country’s worst financial crisis since it gained independence in 1948. The crisis started in 2021 when the Sri Lankan government declared an economic emergency after the country faced rising food prices, a sinking currency, and rapidly dropping forex reserves. Watch this to know more.

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