Forget the bonds and buy food – Sri Lanka’s economist issue stark warnings
As Sri Lanka’s financial crisis worsens, economists on the island have called on the government to forego debt repayments and buy crucially needed fuel, food and medicine, with one former official warning riots may soon follow.
Sri Lanka is due to make a US$500 million payment as an international sovereign bond matures on January 18.
Economists on the island however said the government should default on the payment and focus on essential goods instead.