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Debt Restructuring and Implementation of Deep Reforms Critical for Sri Lanka s Economic Stabilization - Adaderana Biz English

Debt Restructuring and Implementation of Deep Reforms Critical for Sri Lanka s Economic Stabilization - Adaderana Biz English
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Sri Lanka s real GDP is expected to fall by 9 2-pct this year & a further 4 2-pct in 2023: World Bank – Lanka Business Online

Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in i

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Sri Lanka faces economic crisis, high food inflation due to COVID-19

Sri Lanka is facing an acute economic crisis due to job and earning losses, high food inflation and the country’s dwindling finances, as per the World Bank’s Sri Lanka Development Update (SLDU).

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Due to COVID-19, Sri Lanka faces economic crisis and high food inflation

According to the World Bank's Sri Lanka Development Update, Sri Lanka is experiencing an extreme economic crisis as a result of job and earnings losses, significant food inflation, and the country's depleting funds (SLDU). The government has stoked inflation by creating money to pay off domestic loans and international liabilities. According to the World Bank, the number of individuals living in poverty has likely increased by 11.7 per cent, or over half a million people, since the coronavirus pandemic began.

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Lost and Confused – An Economic Policy in Shambles

Lost and Confused – An Economic Policy in Shambles
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