Tag: <span>default on its foreign debt</span>

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Sri Lanka warns it will default on its foreign debt amid crisis
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Sri Lanka warns it will default on its foreign debt amid crisis

ri Lanka has said it will temporarily default on its foreign debts amid its worst economic crisis in over 70 years. Officials said the impact of the pandemic and the Ukraine war made it “impossible” to pay its creditors. The South Asian country has seen mass protests as it suffers food shortages, soaring prices and...