News > Sri Lanka could go bankrupt this year as inflation soars high
Sri Lanka could go bankrupt this year as inflation soars high
Npnews24 | 03/01/2022 07:30 PM | Click to read full article
Sri Lanka is facing a deepening financial and humanitarian crisis with fears it could go bankrupt in 2022 as inflation rises to record levels, food prices rocket and its coffers run dry.
Inflation has meanwhile been spurred by the government printing money to pay off domestic loans and foreign bonds.