Would an international bailout save Sri Lanka’s economy?

Worldwide ranking businesses warn the island nation is on the verge of defaulting on its debt.

Sri Lanka is dealing with its worst financial disaster since independence in 1948.

Worldwide ranking businesses have warned that the island nation is on the verge of defaulting on its debt.

Its usable overseas forex reserves have plunged beneath $1bn, limiting Sri Lanka’s skill to repay loans.

Merchants can’t entry dollars to purchase imports.

So what does this all imply for Sri Lankans?

Presenter: Adrian Finighan

Company:

Nishan de Mel – Government director and head of analysis at Verite Analysis

Jabin Jacob – Affiliate professor on the Division of Worldwide Relations and Governance Research at Shiv Nadar College

Bhavani Fonseka – Senior researcher and lawyer at legislation with the Centre for Coverage Alternate options