Since the 1990s, successive Sri Lankan governments committed three cardinal sins, which may be forgivable on their own, but together form an unholy trinity of economic disaster…
Tag: sovereign debt
Reforms have been sidestepped so far by successive governments due to their political ideologies and fears of upsetting the status quo, creating the explosive crisis that is currently threatening the wellbeing of their citizens.
On 12 April 2022, for the first time in its history, Sri Lanka defaulted on its sovereign debt. There are many reasons as to why