Category: Opinion
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Sri Lanka’s Vehicle Import Boom Risks Repeating the Same External Mistakes
A country that declared bankruptcy, entered IMF-led restructuring because it could not repay external debt, and spent years under severe import compression is now on track to spend USD 1.7 billion on vehicle imports in 2025, exceeding Sri Lanka’s exports to the United States. That single fact alone should give policymakers pause. Central Bank data show