Economic Conundrum - Sri Lanka
2018-19 was one of the best years in Sri Lanka modern history. Tourism was booming and the country was finally able to leave behind its tumultuous “war” past and making its mark in the world. April, 2019 changed all that. There were whispers and reports of radicalization in country and it manifested its ugly head during Easter celebrations when bombs ripped through Colombo. The country showed fortitude and eventually & around October / November 2019 was surely on the path of recovery; and then CoVID struck. Life came to a standstill and since then it has been a struggle for survival for this lovely yet vulnerable island nation. Will try and outline the reasons, which in my opinion has led to this economic crisis. The high dependence on “debt” to fuel economic growth always comes with significant risks; the debt which fuelled projects and infrastructure, if fail to generate projected revenues will lead to disaster. Quality of Projects implemented - cannot comment on that - howev