Sri Lanka falls into arrears, warns that inflation could rise to 40%

Sri Lanka falls into arrears, warns that inflation could rise to 40% – Mail Bonus

Sri Lanka has gone bankrupt for the first time in its history as the government struggles to halt an economic collapse that has sparked mass protests and a political crisis. Policy makers had informed creditors that the nation would not be able to pay until the debt has been restructured and is therefore in default, …

Sri Lanka falls into arrears, warns that inflation could rise to 40%

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