Moody’s Investors Service has found that Sri Lanka’s debt sums to 80% of its national GDP, a ratio larger than instability ridden countries including Pakistan, Pakistan, Rwanda, Kenya and Ethiopia.
The investors service said that a sustainable rebound in real GDP growth will be essential to support future gains in Sri Lanka, reports lankabuisnessonline.com.
Sri Lanka aims to reduce its government deficit from 80% to 3.5% of its GDP by 2020.
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
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