Sri Lanka

Debt distress in emerging markets

The financial status of some emerging markets is becoming deeply concerning, brought on not only by the fallout from the global pandemic but also as a result of escalating tensions between global superpowers Russia, China and the US. These conditions are exacerbating the debt crisis, causing many countries to default on national debt repayments. For [...]

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Sri Lanka: A Rock and a Hard Place

After weeks of protest, violence and crises, the Sri Lankans finally have their man. President Gotabaya Rajapaksa has resigned and, as the one held personally responsible for the months of fuel, food and medicine shortages, and the veritable collapse of the Sri Lankan economy, the delight felt by those citizens currently enjoying ‘palace life’ is

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