Sri Lanka widens import ban as economic crisis persists

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Sri Lanka widens import ban as economic crisis persists
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The South Asian country banned 300 additional items. Read more at straitstimes.com.

COLOMBO - Sri Lanka tightened import restrictions on Wednesday with a ban on more than 300 additional items, as an economic crisis that has created months of shortages and toppled a president refuses to abate.The South Asian island nation of 22 million people has beenThe new bans come despite the central bank announcing last week that the foreign exchange shortage was easing thanks to better inflows.

The lack of foreign currency pushed Sri Lanka into defaulting on some of its US$51 billion external debt pile in April.

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