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Sunday, Aug 07, 2022

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund.
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Oh ya 44 days ago
Yup can't pay the last bills so you borrow more. Sounds like a plan to me LOL. Name one country run by.........that is not a chit hole
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