What is the current state of the Sri Lankan economy which has been facing headwinds since the Covid-19 outbreak?
1 min read
Foreign exchange reserves plummeted by almost 70% in two years. As of February, the country was left with only $2.31 billion in its reserves but faces debt repayments of $7 billion in 2022. The Rajapaksa government’s decision to ban all chemical fertilisers in 2021, a move that was later reversed, also hit the country’s farm sector, and triggered a drop in the critical rice crop.
2022-04-02 14:15:43
All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator
Read more from original source here…
