Sri Lanka Caught In Foreign Debts Default

Sri Lanka has said it will temporarily default on its foreign debts amid its worst economic crisis in over 70 years.

Officials said the impact of the pandemic and the Ukraine war made it impossible to pay its creditors.

The South Asian country has seen mass protests as it suffers food shortages, soaring prices, and power cuts.

The country is set to start talks with the International Monetary Fund in the coming weeks on a loan program to get its economy back on track.

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Edited by Jesus Chan

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