By Easwaran Rutnam
Private companies who lent at high interest rates are holding up vital debt relief for Sri Lanka, a group consisting of over 180 global economists and development experts said.
Debt Justice said that these private companies, who lent to corrupt politicians, must face consequences from their risky lending by cancelling Sri Lankas debt.
The 182 economists and development experts have called for debt cancellation for Sri Lanka to help it out of its current economic crisis.
In a statement released today, the signatories including Jayati Ghosh, Thomas Piketty, Dani Rodrik, Ravi Kanbur, Yannis Varoufakis and Ha-Joon Chang called for debt cancellation by all external creditors and measures to stem the illicit outflow …
Read the full article at: https://colombogazette.com/2023/01/08/hedge-funds-holding-up-vital-debt-relief-for-sri-lanka/