Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.
The external affairs minister said that the crisis in Sri Lanka has "very strong" lessons of fiscal prudence, responsible governance and not having "a culture of freebies".
The Inter University Students Federation (IUSF) in Sri Lanka has called for massive protests on July 19 amid economic and political crisis in the island nation.
The fate of Pakistani and Sri Lankan leaders is a timely reminder that good economics may not always be enough to get leaders re-elected, and poor economics can hasten their political exit even if they have illustrious surnames.