Would an international bailout save Sri Lanka’s economy? | Business and Economy News

Video Period 25 minutes 00 seconds

From: Inside Story

Worldwide ranking companies warn the island nation is on the verge of defaulting on its debt.

Sri Lanka is going through its worst financial disaster since independence in 1948.

Worldwide ranking companies have warned that the island nation is on the verge of defaulting on its debt.

Its usable overseas foreign money reserves have plunged under $1bn, limiting Sri Lanka’s capability to repay loans.

Merchants can’t entry {dollars} to purchase imports.

So what does this all imply for Sri Lankans?

Presenter: Adrian Finighan

Friends:

Nishan de Mel – Govt director and head of analysis at Verite Analysis

Jabin Jacob – Affiliate professor on the Division of Worldwide Relations and Governance Research at Shiv Nadar College

Bhavani Fonseka – Senior researcher and lawyer at legislation with the Centre for Coverage Alternate options

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