October 13, 2024
International

Sri Lanka’s bankruptcy is refused further finance by the World Bank

COLOMBO: On Friday, the World Bank announced that it would not provide Sri Lanka with new funds unless the island nation implemented “deep structural reforms” to stabilize its collapsing economy. With its 22 million residents experiencing months of food and fuel shortages, rolling blackouts, and escalating prices, Sri Lanka has experienced a historic collapse. Large-scale […]

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