Cash from abroad: How foreign remittances play a part in Sri Lanka’s economic crisis and its recovery

By Nick Logan

Sri Lanka Presidential Palace Crowds

The island nation has essentially run out of money, specifically the foreign currency reserves it needs to make its debt payments — which it has already defaulted on this year — and to import basic resources for its people.

Source: Cash from abroad: How foreign remittances play a part in Sri Lanka’s economic crisis and its recovery

Category: News/World