Sri Lankan Prime Minister Ranil Wickremesinghe says the economy is heading for the “bottom”. How did they end up here?
Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Lacking cash to pay for imports of these basic necessities and already defaulting on its debt, the country is asking for help from neighboring India and China and the International Monetary …