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Sri Lanka: crisis and change

Sri Lanka: Crisis and Change

#Sri #Lanka #crisis #change

“Isas Departmental”

In April, Sri Lanka announced that it would not service its external debt, as it had accumulated more than US$40 billion in debt. The economy collapsed. There were acute shortages of petrol, cooking fuel and medicines. There were food shortages, little or no public transport and long-term electricity…

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