Latest Breaking News On - Udaya gammapilla - Page 1 : comparemela.com

Sri Lanka economy in crisis as debt mounts, reserves dwindle Sri Lanka economy in crisis as debt mounts, reserves dwindle Colombo, July 14: Sri Lanka has cut back on imports of farm chemicals, cars and even its staple spice turmeric as its foreign exchange reserves dwindle, hindering its ability to repay a mountain of debt as the South Asian island nation struggles to recover from the pandemic. Toothbrush handles, venetian blinds, strawberries, vinegar, wet wipes and sugar are among the hundreds of foreign-made goods that were banned or made subject to special licensing requirements meant to chip away at a trade deficit that has been deepening the country’s financial quandary for years.

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