Sri Lanka’s economic plight a caution for Bangladesh

31st May, 2021

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That Bangladesh is in a position to bail out Sri Lanka, a middle-income country by the World Bank's classification since 1997, by extending up to $500 million -- is a nice lift to the country's morale. But this episode is also a cautionary tale for Bangladesh: if the government does not get its act together now, the country could very well be in Sri Lanka's position in a few years.

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