Explained: Why is Sri Lanka buried under $35 billion of debt?

Sri Lanka’s foreign exchange reserves have plummeted to $1.93 billion and debt payments several times that amount are looming. Read more: https://www.asiafinancial.com/how-sri... The island nation of 22 million people has been hit by crippling power cuts, sometimes lasting 13 hours. It also facing fuel shortages and a lack of food and medicines. Ordinary people have taken to the streets in recent weeks calling for Rajapaksa and his family to quit. The president's elder brother, Mahinda, is prime minister. ---------- Visit us - https://www.asiafinancial.com ---------- Join us on Facebook -   / asiafinancia.  . Instagram -   / asiafinancial   Twitter -   / asia_financial