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dailyexcelsior.com - 6 days ago

Crisis in Sri Lankan economy

Neeraj Singh Manhas This economic disaster is the result of Sri Lanka s decades-long economic growth model. Despite its transformation into a middle-income country, Sri Lanka has been unable to attract considerable amounts of Foreign Direct Investment (FDI) due to the country s continuous civil war and political instability. It continued to sustain its economic growth by borrowing through sovereign bonds and international bilateral commercial loans, generally at high interest rates and short payback periods, forcing the government to spend its income [ ] The post Crisis in Sri Lankan economy appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J K.


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