Sri Lanka Economic Crisis: A Man-Made Disaster?
Rocked by its worst financial crisis in recent history, Sri Lanka is facing power cuts, food shortages, queues for fuel and unrest on the streets. A terror attack in 2019, multiple cycles of COVID-19 lockdowns and unilateral decisions taken by its rulers has pushed the country to the brink of bankruptcy. Forex reserves and foreign investment has dropped by 70 per cent, while debt has soared. What exactly is the situation on ground - and what's the real reason behind a meltdown to this extent?
