Responding to Sri Lanka’s economic crisis (Iromi Dharmawardhane, East Asia Forum)

Sri Lanka’s balance of payments is in dire straits. The country’s mounting foreign and domestic public debt, a huge fiscal deficit and a severe foreign exchange shortfall have led to potentially calamitous economic circumstances. Sri Lanka has not yet secured the means to meet its upcoming foreign loan repayments — US$4.5 billion is due over the next year, to be followed by another US$4 billion in the subsequent year

http://www.eastasiaforum.org/2016/05/27/responding-to-sri-lankas-economic-crisis/