How Sri Lanka ran out of foreign currency to pay for imports is a story of fiscal imprudence, unsustainable exchange rate policy and chronic mismanagement.
An expert on Sri Lanka’s economy identifies and explains three key challenges that Ranil Wickremesinghe will have to overcome if he hopes to steer the country out of its crisis.
Protests over shortages forced the ouster of Sri Lanka’s president, but the crisis has deep-set roots in ethnonationalism, which has encouraged corruption, argues an expert on the country’s politics.