Sri Lanka’s Debt Default

Sri Lanka is in the midst of its worst economic crisis in seventy years. Foreign currency is in short supply, and the government in Colombo simply doesn’t have the money to either pay for essential imports or make its debt…

Sri Lanka’s Debt Default

Source

0
(0)

Sri Lanka is in the midst of its worst economic crisis in seventy years. Foreign currency is in short supply, and the government in Colombo simply doesn’t have the money to either pay for essential imports or make its debt repayments. Last week it announced it was defaulting on its foreign debt as it desperately tries to take control of the situation. But many inside the country have had enough of the government and they want the president out.

Guests:

W A Wijewardena
Sri Lanka’s Former Central Bank Deputy Governor

Umesh Moramudali
Economics Lecturer at the University of Colombo

Shihar Hassan
Attorney at Law at the Supreme Court of Sri Lanka

Subscribe: http://trt.world/TheNewsmakers
Livestream: http://trt.world/ytlive
Facebook: https://www.facebook.com/TheNewsMakersOnTRTWorld
Twitter: https://twitter.com/The_Newsmakers
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

0 / 5. 0