Sri Lanka seeks ‘low income country’ status; move to ease financial support
Posted on October 11th, 2022

Courtesy WION

The Sri Lankan cabinet has approved a proposal to downgrade the country’s status from a middle-income country to a low-income country. The cabinet spokesperson says Sri Lankan GDP is expected to decline further and that this step was being taken to unlock more financial support from international institutions.

Leave a Reply

You must be logged in to post a comment.

 

 


Copyright © 2024 LankaWeb.com. All Rights Reserved. Powered by Wordpress