Sri Lanka, which is mired in a deep political and economic crisis, has announced it is suspending payments on its $51bn foreign debt.
The island nation of 22 million people is experiencing acute shortages of food, fuel and other essentials, a crisis that has inflicted widespread misery in the worst downturn since independence from the United Kingdom in 1948.
Check out : https://www.aljazeera.com/news/2022/4/13/timeline-of-sri-lankas-worst-economic-crisis-since-independence
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