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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

MYSTERIOUS: Explained how sri lanka fell into debt trap defaulted on foreign payments | Mind Blowing Facts

NEW DELHI: Grappling with its worst economic crisis since the country got independence in 1948, Sri Lanka on Tuesday announced a default of $51 billion on foreign debt.

"We have lost the ability to repay foreign debt," Sri Lanka's Central Bank governor Nandalal Weerasinghe told reporters in Colombo.

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