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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| imports because of the pressure on our imports because of the pressure on our current account was increasing, due to the pandemic situation increasing, due to the pandemic situation. we need to manage it - one situation. we need to manage it - one thing situation. we need to manage it one thing that would make stuff one thing that would make stuff available. and then, make it available for th ....

Food Prices , Sri Lanka , Price Escalation , Loan Default , Civil War , Im Orts , Firefighting Exercise ,

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 root cause. with a further import assertions on cars, for people like niluka, it will be a challenge to keep ....

Loan Default , Civil War , Firefighting Exercise , Import Assertions , Root Cause ,

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. anbarasan ethirajan, bbc news, colombo. all around the world people have welcomed the new year in a host of different ways. some spent time with family and friends, others headed to the shops in search of a bargain. but a surprisingly large number decided to see in 2022 by getting wet. the bbc s tim allman explains. ....

Trade Deficit , Niluka Dilrukshi , Firefighting Exercise , Import Assertions , Root Cause , Anbarasan Ethirajan , Bbc News , All Around The World , Tim Allman ,