China’s historic reluctance to engage with other creditors will be decisive factor
Archive for category: #SriLanka
Economists fear Sri Lanka could be first of several, with IMF in talks with Egypt, Tunisia and Pakistan
Sri Lanka has defaulted on its debts for the first time in its history as it struggles with an economic and political crisis triggered by global shock waves from the pandemic and the war in Ukraine.
An inflation rate spiralling towards 40%, shortages of food, fuel and medicines and rolling power blackouts have led to nationwide protests and a plunging currency, with the government short of the foreign currency reserves it needed to pay for imports.
Basil Rajapaksa admits country is negotiating with overseas bondholders and may ask IMF for help
Authors : JMM Niswi
Organisations : Asian Solidarity Economy Coalition – RIPESS Asie (ASEC)
Mots-clés géographiques : Asia, Sri Lanka
Mots-clés thématiques : new transformation paradigm
Socioeco.org, site ressources de l’économie sociale et solidaire – Documents