Sri Lanka becomes first Asia-Pacific country in decades to default on foreign debt

[cuteoz]

Sri Lanka becomes first Asia-Pacific country in decades to default on foreign debt

wena mokut nokiami, lets hope japan and other nations gives us loans or donations.

 

[RandomGuy]

Do you really think loans can fix the situation? SL got a lot of loans during the past few months right?

 

[cuteoz]

Do you really think loans can fix the situation? SL got a lot of loans during the past few months right?

we have no other choice do we? we need loans or donations to make things normalize, we need to raise taxes and encourage foreign inflows, inflation may rise, and taxes may have to rise as well, if you have played sim city you would know.

 

[krizta]

we have no other choice do we? we need loans or donations to make things normalize, we need to raise taxes and encourage foreign inflows, inflation may rise, and taxes may have to rise as well, if you have played sim city you would know.

Also worth to mention, the donations or loans or foreign currency remittance, there is no guarantee that rajpaksha or reset of thieves keep their paws off the funds, the public can't see where these funds will be allocated.

 

[RandomGuy]

we have no other choice do we? we need loans or donations to make things normalize, we need to raise taxes and encourage foreign inflows, inflation may rise, and taxes may have to rise as well, if you have played sim city you would know.

Also worth to mention, the donations or loans or foreign currency remittance, there is no guarantee that rajpaksha or reset of thieves keep their paws off the funds, the public can't see where these funds will be allocated.

This is precisely my understanding as well. Whenever the government seeks money from other parties, it looks like an alcoholic person asking for money "to start a new business." You know what happens to the money if you give it to them.

 

[cuteoz]

we dont want any rajapaksas involved actually, ranil is another crook, but we dont have any other choice, we have to depend on politcians again to save us, who screwed us in the first place.