Colombo [Sri Lanka], April 19 (ANI): Sri Lanka’s current economic crisis does not seem to slow down due to its major dependence on Chinese loans as well as its inability to repay debt amid a state of emergency and intense protests in the island nation.
The onset of Covid and the consequent collapse of the tourism sector are considered to be the immediate reasons for Sri Lankan economic woes. The economic crisis, being the
Chinese high-cost loans prime culprit for Lankan economic woes
