Posted inSri Lanka

Sri Lanka’s 2022 crisis will hurt for years to come

Economically, 2022 will rank as Sri Lanka’s worst year ever.  The immediate reason for the year’s economic carnage was a balance of payments crisis. It was exacerbated by high debt, the Covid-19 pandemic, the Russia-Ukraine War, global central banks hiking interest rates and dumb policy decisions made by the Gotabaya Rajapaksa administration. The crisis prevented Sri Lanka […]