The 220 million-strong country is in the midst of a balance-of-payments crisis, with foreign reserves dipping below $10 billion, hardly enough to cover 45 days of imports amid increasing budget deficits.
The nation of 220 million people is facing a balance of payments crisis, with foreign reserves falling below $10 billion, hardly enough for 45 days of imports, and a widening current account and ballooning fiscal deficits