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ElaKiri Talk!
Fitch Downgrades Sri Lanka to 'CCC'
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<blockquote data-quote="saraprobe" data-source="post: 25909420" data-attributes="member: 13914"><p>This is inevitable because we have a pile of loans and our exports are so tiny </p><p>We have</p><p>No savings</p><p>No FDIs</p><p>No Sovereign Wealth fund</p><p></p><p>Simply at near bankruptcy due to loans taken instead of investments</p><p>UNP took more loans to pay previous loans and due to excessive money printing Rupee collapsed to 180+</p><p></p><p>Restricting imports isn't really the solution perhaps just for NOW to save foreign reserves</p><p>We have structural issues specially the central bank which isn't independent (unfortunately) hence leading to these downgrades</p></blockquote><p></p>
[QUOTE="saraprobe, post: 25909420, member: 13914"] This is inevitable because we have a pile of loans and our exports are so tiny We have No savings No FDIs No Sovereign Wealth fund Simply at near bankruptcy due to loans taken instead of investments UNP took more loans to pay previous loans and due to excessive money printing Rupee collapsed to 180+ Restricting imports isn't really the solution perhaps just for NOW to save foreign reserves We have structural issues specially the central bank which isn't independent (unfortunately) hence leading to these downgrades [/QUOTE]
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Asuwa dahayen wadi kalama keeyada?
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