Emergency in Sri Lanka | Sri Lanka बर्बाद | Economic Crisis | China Debt Trap | Hindi | Parth Sarthi

Emergency in Sri Lanka | Sri Lanka बर्बाद | Economic Crisis | China Debt Trap | Hindi | Parth Sarthi . #ParthSarthi #SriLanka #SriLankaEmergency #SriLankanCrisis #EconomicCrisis #ChinaDebtTrap . Sri Lanka has extensive foreign debts that it had secured for infrastructure projects. The country accrued foreign debt of $35 billion in 2021. While a significant part of this debt is owed to other countries in the form of concessionary loans, the largest sum of borrowing for Sri Lanka is in the form of international sovereign bonds. These bonds amounted to 39 percent of the total foreign debt for Sri Lanka in 2017. . Rising prices and the nation’s debt crisis have turned the situation extremely grim. There have been extreme food shortages as private banks have run out of foreign exchange to finance imports. . What about Sri Lanka’s debt? Is it because of the Chinese debt trap? . Like, Share & Subscribe for Upcoming Videos . Stay Connected 😊 Twitter - https://twitter.com/ParthSarthiEdu Facebook - https://www.facebook.com/Parth_Sarthi_1-100176655471245 Instagram - https://www.instagram.com/parth_sarthi_edu/

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