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Sri Lanka’s crisis shows how debt is devouring the Global South - Other News - Voices against the tide
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Sri Lanka’s crisis shows how debt is devouring the Global South - Other News - Voices against the tide
By Anuka Vimuthi Silva* and Amali Wedagedara* – Al Jazeera From Africa to Asia to Latin America, billions go hungry while creditors profit. Sri Lanka is undergoing one of the most complex economic recoveries in its history. The country’s financial collapse in 2022 was precipitated by a toxic mix of unsustainable borrowing, poor fiscal management, and external shocks. Mass protests erupted under the banner of Aragalaya, a broad-based citizens’ mo…
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