Long, hard slog to fix Sri Lanka's broken economy

Protesters in front of the president's official residence premises in Colombo on July 9, 2022. PHOTO: EPA-EFE
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Slowly, and then suddenly. That's how bankruptcies happen, and that goes for countries too.

Sri Lanka has been on the verge of economic crisis ever since the outbreak of the Covid-19 pandemic in 2020, but years of economic mismanagement, which pre-dates the pandemic, official complacency and an unwillingness to change course even in the face of external shocks like soaring food and fuel prices have dramatically accelerated the slide.

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