Sri Lanka shows how broken debt negotiations have become
The country’s creditors decide they have no choice but to freeze out China
For sri lanka’s politicians September 27th was meant to be the light at the end of the tunnel. After more than a year of economic free fall—in which the former president fled protests, gdp shrank by 9% and billions of dollars of arrears piled up—the imf was in town, ready to release $330m from a bail-out agreed in March. There was even talk that the country’s creditors would reach a deal to cut back its debts.
This article appeared in the Finance & economics section of the print edition under the headline “Broken system”
Finance & economics September 30th 2023
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- The city that encapsulates China’s economic stagnation
- Investors’ enthusiasm for Japanese stocks has gone overboard
- America’s Federal Reserve could soon be flying blind
- Why fear is spreading in financial markets
- Sri Lanka shows how broken debt negotiations have become
- Why the state should not promote marriage
From the September 30th 2023 edition
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