TWO YEARS have handed since Sri Lanka—crippled by means of covid-19, over the top borrowing and a chain of coverage blunders—defaulted on its money owed. Inflation soared, the rupee plunged in price and gasoline provides ran out. Huge protests toppled the China-friendly president, Gotabaya Rajapaksa, who promptly fled to the Maldives. Issues are now not fairly so horrible. Leaders have tamed inflation, secured a bail-out from the World Financial Fund and reached settlement with the rustic’s collectors about find out how to restructure its money owed.
