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Sri Lanka, An Economy In Blackout

Sri Lanka, An Economy In Blackout

Morning Brief

March 21, 20229m 20s

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Show Notes

With an inflation rate of 15% which is the highest in Asia, Sri Lanka is facing the brunt of rising oil prices and border closures. Bernard Aw, APAC Economist at Coface tells us what options the government has when it comes to repaying its foreign debt and how dire the economic situation is. Image credit: EPA-EFE

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Topics

border closuressri lankainflationcovid-19oil pricesforeign debt