Sri Lanka’s Economic Struggles Will Deepen Its Reliance on Foreign Funds
MIN READNov 8, 2021 | 21:54 GMT
The Port of Colombo is seen on Oct. 19, 2021, in Colombo, Sri Lanka.
(Allison Joyce/Getty Images)
Sri Lanka’s increasing reliance on China and India for financial aid and investment will risk triggering domestic pushback and social unrest, forcing the government to make concessions that could ultimately threaten its economic strategy. China and India are heavily involved in Sri Lanka’s economy, often competing for projects and influence. Both countries are also the two largest importers of Sri Lankan goods, and both have the potential to provide the debt-ridden island nation with large credit lines in the future. ...