When Sri Lanka defaulted on its foreign debt for the first time in its history in 2022, it sparked fears of more sovereign defaults to come. We look at the human cost when a country goes bankrupt, trace how so much bad debt was created and investigate the so-called debt traps. Sri Lanka has pinned its immediate hopes on a multi- billion-dollar bailout deal with the International Monetary Fund. But can it change its economic course and avoid another bailout or default in future?
Similar Posts
Switzerland’s entire GDP: visualising Elon Musk’s record-breaking pay deal
➡️ Click here to see how much gold 1 trillion dollars can buy in this interactive…
Om Dhumatkar| spiritual educator| The Real Meaning of Diwali| What You Were Never Told About Laxmi
This Diwali, go beyond the lights and sweets! ✨Host Anushka Jagtiani speaks with Om Dhumatkar —…
From artisan to everywhere: How Melt Chocolates scaled with storytelling, Woo, and Klaviyo
Melt Chocolates is a luxury fresh chocolate brand based in London. Louise Nason started the business…
Motorway Services Targeted By WW2 Warship!
London Gateway is a motorway services on the M1, in North London. Not very exciting until…
LATIKA M BOURKE: Anthony Albanese has won the majority he desperately wanted. Now it’s on him to own it
LATIKA M BOURKE: Now that he has won the majority he craved, Anthony Albanese must use…
Reflections on Pagam Tragedy Amid India-Pakistan Tension
In this segment from “Jugalbandi: Partnership in Sync,” the couple reflects on the tragic Pagam incident…
