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Sri Lanka: Facing an economic crisis – but IMF is not an option (for now)

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Low revenue from tourism, plummeting foreign remittances and legacy debts from the sovereign bond market are pushing Sri Lanka in the general direction of default
This is exacerbated by errors in the island's tea-production strategy
However, help from multilateral lendi...

 

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Sri Lanka: Facing an economic crisis – but IMF is not an option (for now)

Low revenue from tourism, plummeting foreign remittances and legacy debts from the sovereign bond market are pushing Sri Lanka in the general direction of