What are the implications of Sri Lanka’s debt default? | Inside Story
The economic crisis in Sri Lanka appears to be getting worse by the day. Its government has been forced to default on its entire $51 billion of external debt. There’s been a shortage of food, fuel and schools had to…
The economic crisis in Sri Lanka appears to be getting worse by the day.
Its government has been forced to default on its entire $51 billion of external debt.
There’s been a shortage of food, fuel and schools had to cancel exams for a lack of paper.
It’s all led to weeks of anti-government protests – culminating in calls for President Gotabaya Rajapaksa to resign.
But what does the default mean?
Presenter: Dareen Abughaida
Guests:
Jehan Perera – Executive Director of the National Peace Council of Sri Lanka.
Ahilan Kadirgamar – Political Economist and Senior Lecturer at the University of Jaffna.
Amantha Perera – Researcher at the School of Education and the Arts at CQUniversity in Australia.
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