- Sri Lanka’s prime minister said on Tuesday that his country was “bankrupt.”
- One expert blamed government incompetence for the financial crisis ravaging Sri Lanka.
- Energy minister says fuel supplies have run out and it is now in talks with the IMF about a bailout.
Sri Lankan prime minister Ranil Wickremesinghe declared the country “bankrupt” on Tuesday as its financial crisis deepens.
The economy began to falter in late 2020, which the government blamed on the pandemic but one expert said was mainly caused by political mismanagement and racking up debts with China.
Sri Lanka defaulted on its…
