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Sri Lanka’s Bankruptcy Decision Was Ill-Conceived and Unconstitutional - LNW Lanka News Web
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Sri Lanka’s Bankruptcy Decision Was Ill-Conceived and Unconstitutional - LNW Lanka News Web
By AdolfOn April 12-13th 2022, the Government of Sri Lanka signaled to the world that the country was effectively bankrupt. The announcement came through a declaration that the Government would temporarily suspend repayment of all external debt obligations, stating that the nation could no longer honour its commitments due to severe economic pressures arising from both external and internal shocks.A Proud History wasted This decision marked the …
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