EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next

Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund (IMF).





India’s Foreign Secretary Vinay Kwatra in Sri Lanka

The four-member high-level delegation headed by the Secretary to the Ministry of External Affairs of India, Vinay Kwatra arrived at the Bandaranaike International Airport (BIA) at around 9:20 AM from New Delhi to hold discussions pertaining Sri Lanka’s economic situation.