Sri Lanka’s Energy Crisis Is Weighing On its Economy ...Middle East

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Sri Lanka’s Energy Crisis Is Weighing On its Economy
source : OILPRICE ( Middle East ) () 50
Discussions around Sri Lanka’s energy crisis may have died down since reports of a major financial crisis in the Asian country circulated last summer, but Sri Lanka is still a long way from economic recovery. As it awaits an International Monetary Fund (IMF) bailout to support its rebound, it continues to face major fuel shortages and lower industrial activity, as it focuses on fostering new energy partnerships and attracting new investments.  In the last quarter of 2022, Sri Lanka was driven even further into recession, as borrowing…

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