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China-backed Projects Testament To Sri Lanka's Mismanagement

Summary by Ground News
Sri Lanka is in the grip of its worst financial crisis since independence from Britain in 1948. The South Asian island nation borrowed heavily to plug years of budget shortfalls and trade deficits. It squandered huge sums on ill-considered infrastructure projects that have further drained public finances. Many of the projects that helped fuel the crisis now gather dust in Hambantota district.

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Bias Distribution

  • 67% of the sources lean Right
67% Right
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Barron's broke the news in New York, United States on Tuesday, May 10, 2022.
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