There is nothing new about nations collapsing under the weight of their debts. But Sri Lanka’s awful predicament highlights three new aspects of our world.
Sri Lanka’s main opposition leader, Sajith Premadasa, has withdrawn from the presidential race and thrown his support behind a rival candidate, presenting a significant challenge to prime minister Ranil Wickremesinghe’s bid for the executive role.
Tea factory owners fear total closure owing to the worsening fuel crisis and other shocks putting much needed foreign exchange earnings at risk amidst lowering of tea production after 23 years.