A Constitution For The Country Or A Few Individuals?

By Raj Gonsalkorale –

Raj Gonsalkorale

Sri Lanka’s debt to GDP ratio is expected to be more than 90% this year, and Moody’s have downgraded Sri Lanka’s sovereign credit rating by two notches, saying the South Asian nation would be hard-pressed to secure funding to service its huge foreign debt. Sri Lanka was pushed down from “B2” (high credit risk) to “Caa1” (very high credit risk), as the coronavirus pandemic compounded its economic woes, Moody’s said in a statement.

Brief pre Republic Constitutional history

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