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'No second chance' to save Sri Lanka, central banker warns
'No second chance' to save Sri Lanka, central banker warns
Business and Economy
by  AFP

The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit -- and was pressed into retirement for his troubles. - 'End of the story' - Last year brought Sri Lanka's worst economic downturn in its 75-year history as an independent nation, with GDP contracting 7.8 percent and inflation hitting 70 percent at its peak.

Sri Lankans jump ship as a bankrupt nation struggles
Sri Lankans jump ship as a bankrupt nation struggles
Business and Economy
by  AFP

The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line -- people scrambling for travel documents to flee their bankrupt island. This year through May, 433,000 overseas travel documents have been issued, according to the Immigration and Emigration Department.