Sri Lanka is facing a deepening financial and humanitarian crisis that could lead it to bankruptcy in 2022 as inflation rises to record levels, said a media report. Earlier, on August 30 last year, the Sri Lanka government announced a national financial emergency after a steep fall in the value of the country's currency which caused a spike in food prices. Writing in Colombo Gazette, Suhail Guptil said, Sri Lanka is continuously facing twin deficits, that is, fiscal deficit and trade deficit dur
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2022-01-11 00:00:00.0