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Sri Lanka's economic crisis explained

The Free Press Journal | 30/03/2022 04:36 PM | Click to read full article

Sri Lanka is in its worst economic crisis since independence in 1948. Why is this happening?

One argument is that the real reason why Sri Lanka has fallen into the dilemma of foreign exchange depletion is because of its weak economic foundation, insufficient self-sustaining capacity, and the government’s long-term excessive borrowing and improper debt structure arrangement.