Post
Topic
Board Economics
Re: Sri Lanka defaults on its $51 billion external debt
by
Shakil29
on 24/04/2022, 16:50:10 UTC
There are many reasons behind the bankruptcy of Sri Lanka. All we know, Sri Lankan economy mostly depends on Tourism industry. Because of COVID-19, their Tourism industry is totally off. At this time, they loss huge amount. Another hand, the government of Sri Lanka take a lots of Developmental workWith foreign debt. At this moment they didn't give Debt settlement.