Sri Lanka admits bankruptcy, crisis to drag through 2023 ...Middle East

COLOMBO: Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told parliament Tuesday.The island nation's 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to import vital goods.Wickremesinghe said the once-prosperous country will go into deep recession this year and acute shortages of food, fuel and medicine will continue.“We will have to face difficulties in 2023 as well,“ the premier said. “This is the truth. This is the reality.”He said Sri Lanka's ongoing bailout talks with the International Monet

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