Sri Lanka is the first domino to fall in the face of a global debt crisis

Larry Elliott, The Guardian, 17 May 2022

Sri Lanka is the first nation to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the last. Around the world, low- and middle-income countries struggle with a three-pronged crisis: the pandemic, the rising cost of debt, and the increase in food and fuel prices…

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