Скачать или смотреть Anatomy of a Crisis: How Sri Lanka's $51 Billion Debt Led to Economic Meltdown

Sri Lanka's economic collapse and sovereign debt default in 2022 sent shockwaves globally, serving as a "canary in the coalmine" for other developing nations.
This video breaks down the full anatomy of the crisis, tracing the long-term structural issues and the sudden shocks that led to the meltdown:
The Seeds of Debt: After 2009, Sri Lanka adopted a "debt-driven growth" model, funding massive infrastructure projects with foreign loans. This drove the public debt-to-GDP ratio to a staggering 125% by 2019.
The Risky Debt Mix: Learn how the country shifted from low-interest concessional loans to much riskier, higher-interest commercial loans (like International Sovereign Bonds). By 2020, over a third (35%) of all export earnings were required just to service this debt.
The Perfect Storm: A rapid sequence of events—including a devastating 2019 tax cut that wiped out nearly one-third of government revenue, the COVID-19 pandemic collapsing tourism, and an ill-advised fertilizer ban—quickly exhausted foreign currency reserves and led to the default.
The IMF Lifeline: We explore the $3 billion IMF bailout package and its conditions, including tax hikes, debt restructuring, and governance reform.
The Unanswered Question: Can stabilization alone fix the deep-seated "anti-tradable bias" that has caused the export-earning part of the economy to shrink? Even with the IMF plan, debt is projected to remain over 100% of GDP in 2027, far above the 60% safe level.
Can Sri Lanka enact the structural reforms needed to avoid the start of a new crisis? Watch to understand the full story.

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