Synopsis
Ill-planned tax cuts and decisions such as adopting organic farming without a contingency plan, coupled with the impact of the pandemic has thrown Sri Lanka atop a mountain of debt. The country, whose financial health is worsening by the day, expects more help from institutions like the IMF. Here’s a deep dive into how it got into this mess.
What happens when a country is forced to postpone school exams due to shortage of paper? Power cuts go on for over 13 hours, and lack of supplies that hamper hospitals trying to save lives in times of an economic crisis?That is what Sri Lanka is going through. From a Covid-19 lockdown, which brought down its tourism revenues, to an organic-farming experiment that went wrong, the problems have mounted all at once for the island nation. As a
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