Sri Lanka: Recovery Takes Hold
SRI
To say that Sri Lanka has seen its ups and downs lately is a bit of a perennial. The island nation was forced to seek assistance from the International Monetary Fund (IMF) 16 times between 1965 and 2020 in a history punctuated by civil war, constitutional crisis, terror attacks and Covid-19. Each time, it has bounced back. The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa.
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