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BBCNEWS BBC News January 2, 2022 00:21:00 - Vimarsana News

BBCNEWS BBC News January 2, 2022 00:21:00

This level of price escalation on food prices in particular. sri lanka has been borrowing heavily to bolster its economy and infrastructure over the years, especially after the end of the civil war in 2009. now it faces the prospect of a loan default for the first time since independence from britain in 1948. we since independence from britain in 1948. ~ ., , . ., in 1948. we have resurgence of im orts in 1948. we have resurgence of imports because _ in1948. we have resurgence of imports because of— in 1948. we have resurgence of imports because of the - in 1948. we have resurgence of| impor...

BBCNEWS BBC News January 2, 2022 02:23:00 - Vimarsana News

BBCNEWS BBC News January 2, 2022 02:23:00

The years, especially after the end of the civil war in 2009. now it faces the prospect of a loan default for the first time since independence from britain in 1948. we had to go into a restriction of imports because of the pressure on our current account was increasing, due to the pandemic situation. but as a responsible government, we need to manage it. one thing, to make the stuff available and then, make it available for the right price. the government have dispatched its ministers to several capitals, desperately seeking loans, but it's seen as a firefighting exercise, then going for the ...

BBCNEWS BBC News January 2, 2022 03:23:00 - Vimarsana News

BBCNEWS BBC News January 2, 2022 03:23:00

Of imports because the pressure on our current account, as well as on our trade deficit, was increasing, due to the pandemic situation. but, as a responsible government, we need to manage it. one thing, we have to make the stuff available, and then make it available at an affordable price. the government have dispatched its ministers to several capitals, desperately seeking loans, but the move is seen as a firefighting exercise than going for the root cause. with a further import assertions on the cards, for people like niluka, it will be a challenge to keep the firewood in the kitchen going. ...