De-mystifying Increase in Sri Lanka’s Debt

Abstract

In the last 70 years, Sri Lanka has never been in a more precarious position with regard to the repayment of its debt, than at present, in December 2021. There is much that is said in the media about the increase in Sri Lanka’s debt and as is the case with any crisis, there is a great deal of political finger pointing with regard to the causes of this debt increase. How did the debt increase so much, especially in the last five years and who or what is responsible for the increase in Sri Lanka’s debt? This insight is a studied response to that question