Rising debt, shrinking foreign reserves, dismal fiscal and the pandemic are sinking the island nation Sri Lanka needs to make nearly $7 billion in payments on foreign loans this year. And its foreign reserves are dwindling fast. It faces huge debt obligations and is grappling with its worst economic meltdown since independence in 1948. The […]
In a telephonic conversation, the key leaders of their countries also reviewed topical developments and the ongoing cooperation between the two countries in bilateral and multilateral forums.
