That “achievement” comes at the expense of its South Asian compatriot, Sri Lanka, which had sought assistance to overcome its worsening financial headaches. Therefore, Sri Lanka is the more senior of the two nations, and was way ahead on economic terms when Bangladesh was born. Could Sri Lanka be that desperate, is the unspoken question lingering in many an economist’s mind. Today, the only companies that see investment potential in Sri Lanka seem to be the ones from China. China does not import anything significant from Sri Lanka; 90% of Sri Lanka’s exports head to the West, not the East.


Source:   The Nation
May 29, 2021 19:04 UTC