Sri Lanka which is experiencing its worst economic downturn since its 1948 independence has declared default and is now looking for emergency IMF bailout.
After crisis-hit Sri Lanka raised interest rates and declared a default on its external debt over the traditional New Year holiday, the Colombo Stock Exchange declared a five-day trading suspension on Saturday.
The market was scheduled to reopen on Monday after being suspended for the entire week, but the CSE announced that it will ...
