Sri Lanka’s risk of sovereign debt default is on the rise, despite the Government announcing to pay outstanding loans, Senior Business Journalist Shihar Aneez reported.
He said Sri Lanka’s official and foreign currency reserves have declined in comparison to November, a month ago.
Aneez warned the current trend is heading towards the possibility of a lack of dollars to import essential goods and crude.
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In a series of tweets, Shihar Aneez has summarized the current economic situation of Sri Lanka.
courtesy newswire
