Running a company when country is bankrupt | Daily FT

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Daily Financial Times

President Gotabaya Rajapaksa Prime Minister Mahinda Rajapaksa Finance Minister Basil Rajapaksa Let’s accept it, Sri Lanka cannot pay the loan instalments with the forecasted revenue earned. In other words, we are heading for bankruptcy. Essential food items are in the port but they cannot be cleared due to a shortage of dollars. Just to cite one example, the need in the market for milk powder is around seven metric tons but the supply chain window allocated less than two metric tons which tells us the challenge ahead. The food inflation was 17% in November but the number has crossed to 21% in …

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