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Posts tagged as “human”

Sri Lanka’s suffering may not end soon

Bloomberg report in The Daily FT, Dec 31, 2022Debt restructuring has become an exhausting exercise for troubled nations as bilateral creditors bicker and some investors mount legal challengesBloomberg: In May, Sri Lanka defaulted on its overseas debt. Amid political upheaval and human suffering, the Indian Ocean island is still awaiting a $ 2.9 billion rescue by the International Monetary Fund. Lacking resources to buy even essentials like fuel, the economy is falling into an ever-deepening…