Sri Lanka’s corporate banks have reaped exorbitant profits while consecutive Colombo governments have placed the full burden of the economic crisis on workers and the rural masses.
Nation must make debt sustainable after clinching IMF bailout Rupee-denominated debts stood at around $38 billion in 2022 Bloomberg – Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial.