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COLOMBO, Sri Lanka (AP) — Sri Lanka has paid $500 million due on sovereign bonds from its badly depleted foreign reserves despite calls by experts to defer the payment and use the sum to import essential foods and medicine.
Iran central bank figures show foreign debt owed by the country dropped to $9.067bn in late November.
Nairobi-based international development economist Anzetse Were suggests in a new paper that Kenya’s leaders, not China, should be the ones held accountable for borrowing too much money without a detailed, transparent plan on how to repay the loans. She joins the podcast to discuss the growing anti-Chinese backlash in Kenya and the country’s burgeoning economic crisis.
Sri Lanka has paid $500 million due on sovereign bonds from its badly depleted foreign reserves despite calls by experts to defer it and use the sum to import essential food and medicine
COLOMBO, Sri Lanka (AP) — Sri Lanka’s leader on Tuesday promised human rights reforms and justice for people missing from the country's civil war, after years of resisting calls for