Sri Lanka admits bankruptcy, warns of crisis through 2023

Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told parliament Tuesday. The island nation’s 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to … Continue reading Sri Lanka admits bankruptcy, warns of crisis through 2023