Search

SRI LANKA: WHY DID DEFAULT TAKE PLACE IN THE COUNTRY?

The Sri Lankan authorities have announced the suspension of all external debt payments. On April 12, 2022, the head of the Ministry of Finance, Mahinda Sirivardena, stated that the freezing of the country's assets is a forced step necessary to restructure the state's existing obligations to creditors. It is known that the program of economic transformation of the country was supported by the IMF. This was announced after the government had resigned on 5 April. The protests that took place in the...

Sorted by relevance | Sort by date