Debt Justice
– Sovereign debt
– Domestic debt
Sri Lanka’s default highlights the dangers of relying on international sovereign bonds – with high interest rates – to fund development. Sri Lanka’s debt default – announced in April of last year amid foreign currency shortages that had triggered rolling blackouts, fuel queues, and street protests – has been subject to endless debate by […]
The Real Cause of Sri Lanka’s Debt Trap Read More »
Sri Lanka, along with many other low- and middle-income countries, has experienced a series offinancial shocks due to both external and internal factors. Global forces have caused food and energyimport costs to soar and interest rates to rise, even as the currency has devalued significantly. Theseshocks, along with a history of policy mismanagement—and specifically the
182 experts calling for Sri Lanka debt cancellation Read More »
