Abstract

The crisis is said to have begun due to multiple compounding factors like tax cuts, money creation, and a nation-wide policy to shift to organic or biological farming, the 2019 Sri Lanka Easter bombings, and the impact of the COVID19 pandemic in Sri Lanka. In Jan 2021, the Sri Lankan Government declared officially that the country was hit by the worst economic crisis in its 73year history. On March 18, 2022 India extended a USD 1 billion line of credit to Sri Lanka on Thursday to help the country deal with the economic crisis

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.