News Snapshot:
Sri Lanka is going through a severe economic crisis, the likes of which only a few countries in the world have witnessed. The crisis is such that the country’s people lack even basic necessities to sustain daily lives, such as fuel, electricity and food. While some will say the Sri Lankan crisis is a mess of its own making, the reality is somewhat different. By the end of 2021, Sri Lanka owed China US$ 7.4 billion, which accounted for 19.6 percent of its debt. And because China, which is the island nation’s largest bilateral creditor, holds a large share of...
