Sri Lanka’s crisis rings alarm for other troubled economies

in #economy2 years ago

Screenshot_2022_0709_160443.jpgSri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. Its effort to arrange a bailout from the International Monetary Fund has been hindered by the severity of its financial crisis, its prime minister says.

Alarm bells are ringing for many economies around the world, from Laos and Pakistan to Venezuela and Guinea.

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