This week, Sri Lanka said it will temporarily default on its foreign debts as it faces its worst economic crisis in more than 70 years. Meanwhile, faced with mass protests over major power cuts and the soaring cost of food and fuel, officials have urged Sri Lankans working abroad to send money home.
torsdag 14. april 2022
Sri Lanka debt default 'has begun', says leading rating agency
Sri Lanka is about to default on its debts, two of the world's largest credit rating agencies have warned. Fitch Ratings lowered its assessment of the South Asian nation, saying "a sovereign default process has begun". S&P Global Ratings made a similar announcement and said that a default is now a "virtual certainty".
This week, Sri Lanka said it will temporarily default on its foreign debts as it faces its worst economic crisis in more than 70 years. Meanwhile, faced with mass protests over major power cuts and the soaring cost of food and fuel, officials have urged Sri Lankans working abroad to send money home.
This week, Sri Lanka said it will temporarily default on its foreign debts as it faces its worst economic crisis in more than 70 years. Meanwhile, faced with mass protests over major power cuts and the soaring cost of food and fuel, officials have urged Sri Lankans working abroad to send money home.
