Sri Lanka’s Risky Debt Gamble

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Sri Lanka’s recent restructuring of $12.55 billion in international bond debt has sparked considerable controversy, particularly due to the introduction of a set of unprecedented financial instruments. The government’s new bonds are

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Declaring bankruptcy?

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When I served as Finance Minister, we faced one of the gravest financial crises in our nation’s history. Our reserves were depleted, our credit ratings were in freefall, and we had lost

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