Post
Topic
Board Economics
Re: Sri Lanka defaults on its $51 billion external debt
by
istiak2277
on 12/04/2022, 19:16:49 UTC
Besides that, some bad decisions from the govt like forbidding tp importation of fertilizer to produce organic foods create food shortages in the country. Mostly covid and govt is to blame for this current situation in Sri Lanka.

Wow that's the epitome of government mismanagement. What stuff do Sri Lanka export en masse that need to be certified as organic anyway? Even if that is the incentive, then just keep the organic fertilizers for those and allow the farmers to use what fertilizer they want for the other crops.

The funny thing is that their Prime Minister is a big fan of organic food which is why he has forced the farmers of his country to produce organic food. His government stopped fertilizer import without considering alternative food sources or checking their plans, which halved crop production. As a result, the government has to spend a large portion of its foreign reserves on food, which has further weakened its economy. A total mismanagement from the government.