NEWS

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.

Support The Readers Bureau Buy A T-Shirt Today https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew

Readers Bureau, Contributor

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the box below or send an email to info@thereadersbureau.com,  Call us at 201-500-7715