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Sri Lankan FM: Dangerous luck and unhealthy insurance policies prompted financial disaster | Enterprise and Financial system


From: Discuss to Al Jazeera

International Minister Ali Sabry discusses his nation’s worst monetary collapse since its independence in 1948.

Final 12 months, hundreds of Sri Lankans took to the streets to demand the resignation of President Gotabaya Rajapaksa, whom they blamed for mismanaging the nation’s funds.

Rajapaksa resigned and fled the nation. In his place, members of parliament appointed Ranil Wickremesinghe.

His authorities is tasked with lifting the island nation out of its financial collapse.

A $2.9bn mortgage from the Worldwide Financial Fund is essential, and one one who will play a serious function in discussing the phrases of the bailout is the nation’s high diplomat.

So what’s subsequent for the South Asian nation? Sri Lanka’s overseas minister, Ali Sabry, talks to Al Jazeera.

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