Would an international bailout save Sri Lanka’s economy? | Business and Economy News
Video Duration 25 minutes 00 seconds
International rating agencies warn this island nation is in danger of defaulting on its debt.
Sri Lanka is facing The worst economic crisis since independence in 1948.
International rating agencies have warned that this island nation is on the verge of default on its debt.
The country’s usable foreign currency reserves have fallen below $1 billion, limiting Sri Lanka’s ability to repay its debts.
Traders cannot access dollars to buy imported goods.
So what does all this mean for Sri Lankans?
Lecturer, presenter: Adrian Finighan
Guest:
Nishan de Mel – CEO and head of research at Verite Research
Jabin Jacob – Associate Professor in the Department of International Relations and Management Studies at Shiv Nadar University
Bhavani Fonseka – Senior Researcher and Attorney at the Center for Policy Alternatives
